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    • Switching Commitments
    • Eligibility
    • Providers
    • Transfer times

  • Home
  • Switching Commitments
  • Eligibility
  • Providers
  • Transfer times

Is my pension eligible?

The Guarantee does not apply if your pension

Is a public sector final salary scheme

Such as for NHS workers, teachers, police, firefighters, the armed forces and some other public sector workers who have unfunded schemes.

Has exit fees of over £10

If there are going to be any charges to leave your scheme then the transfer will not go ahead automatically in under 12 days. 


Is a Defined Benefit pension over £30k

For this you need to take advice as you could be giving up life long benefits that need proper consideration.

Has safeguarded benefits

Some schemes have guaranteed annuity rates or other special circumstances where you need to understand more about what you are giving up before you transfer.

Is an active pension

If your employer is still paying into the scheme then it's not possible to transfer out until they stop. 


Is the State Pension

The State Pension cannot be transferred. For more information on the State Pension please see www.gov.uk/state-pension

If you have any questions at all relating to your switch, then please contact your new provider. 




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