Transferring benefits out

You can transfer your benefits to another pension scheme as long as the new scheme is willing to accept the transfer. 

  • If you want to transfer your benefits you should tell your new scheme that you hold benefits within the LGPS. 
  • They will approach us for a transfer value and let you know what the benefits are worth in their scheme.
  • Your new employer or pension scheme will then work with you over whether or not you wish to go ahead with the transfer.  
  • If you decide that you want to go ahead with the transfer they will ask us to pay the transfer payment over to your new pension scheme.

Deciding to transfer your benefits is an important decision. You may wish to take independent financial advice. 

You should also be aware of the threat of pension scams. This is where scheme members are approached by fraudsters with the promise of instant cash sums and/or early access to their pension, as long as they transfer their pension savings to them. 

Scammers operate in a number of ways including contacting pension savers out of the blue by telephone or email and through press and online advertising. They often have very convincing websites, which make them look like a legitimate company.

To find out more about pension scam activity and how to protect yourself, please visit The Pensions Regulator (TPR) website at

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