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).
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 be able to restore this service in the future.
- For an application form refer to the Forms and Leaflets section.
What if I leave teaching soon after joining?
- If you have less than three months’ service, your contributions will be returned plus compound interest.
- If you have less than two years’, but more than three months’ service, you can choose whether to have your contributions plus compound interest returned or your pension transferred to another scheme.