If you’re not taking benefits yet


Leaving the Fund

You can leave the Fund at any time before you start taking your benefits. Your benefits are converted into a cash value that you can move to another pension arrangement. This is called ‘transferring out’.

You might think about transferring out if you:

  • want to bring together different workplace pensions (pensions set up by past employers)
  • are moving overseas and want to move your pension to a scheme in that country

Think carefully before leaving the Fund

The Fund gives members valuable benefits, including a guaranteed income for life and benefits for your family. If you transfer out, you lose these.

If your benefits are worth more than £30,000, you must get independent financial advice before you can transfer out.

We can’t tell you what to do, but we’ve put together a page of resources to help you plan for your retirement.

If you want to find out what your benefits would be worth if you transferred them out, contact our administrators.