Transferring Out- Active Members
If you are currently paying contributions into the LGPS you cannot transfer your benefits out of the scheme.
If you wish to transfer your benefits out of the LGPS, you must first opt out of the scheme where your pensions account will cease to be an ‘active’ account and become a ‘deferred’ account. Pension benefits held in the LGPS as deferred are able to be transferred into another scheme.
Please be aware that if you are considering such a transfer, the scheme to which you transfer your benefits to may not offer such a wide range of secure benefits as the LGPS.
You should seek financial advice before making this decision.