Transferring from another scheme
When you join the teachers’ scheme you can transfer your pension credit from a previous scheme provided that:
- the previous scheme meets HMRC requirements;
- your previous scheme is willing to pay a transfer value; and
- you apply for a transfer within one year of entering pensionable teaching service.
The sum of money offered as a transfer value from your previous scheme does not guarantee you the same amount of service in the TPS as you had in your previous scheme.
Transfers from the teachers’ schemes for Scotland and Northern Ireland
We have a special arrangement with these schemes which means that service credit transferred from them gives you exactly the same amount of service in the teachers’ scheme for England and Wales as you had with them. We will accept transfers from these schemes any time up to retirement.
