Transferring Out and Repayments

How do I transfer my pension credit to another scheme?

  • If you decide to transfer your benefits, you should contact your new provider. When they contact us, we will provide them with a transfer value.
  • They will tell you how much pension your transfer value will buy in their scheme and you will need to decide if you want the transfer to happen.
  • Transfers can only take place if your new scheme is registered with Her Majesty’s Revenue and Customs (HMRC).
  • Transfers between pensions scheme can be a lengthy process as information has to be obtained from a number of third parties.

How do I take my contributions back?

  • You can only do this if you have less than two years’ service and only after you have been out of service for more than a month.
  • You will not receive the full amount of pension contributions you paid. The amount will be subjected to deductions for Income Tax and National Insurance.
  • You will not be able to restore this service in the future.
  • For an application form refer to the Forms and Leaflets section.