Transferring out of the LGPS

You may be able to transfer your deferred pension to another pension scheme. You will need to contact your new pension provider to find out how to do this.

The LGPS regulations and the Pensions Schemes Act 1993 state that a member is entitled to a cash equivalent transfer value (CETV) for the purposes of transferring benefits, provided that the member elects to transfer at least one year before their normal pension age (NPA). See: When can I retire?

You can only request one free CETV per pension account in a 12 month period. There will be a charge for additional CETVs.

There are serious risks in transferring your pension so please read the information of pension scams below, before deciding on a transfer.