Transferring

Before retiring, members usually have the right to transfer all of their pension rights out of the LGPS to a DC arrangement offering 'flexible benefits' to then access their benefits from 55. Members must elect for a transfer to proceed at least 12 months before their normal pension age (NPA) in the LGPS (their earliest NPA if they have more than one period  of membership).

If you are contacted by a legitimate pensions company about taking more of your benefits as a lump sum, don't give up your benefits lightly. A transfer out of the LGPS is a major financial decision. It needs careful consideration and can only be done after taking advice.  We suggest that any members considering this course of action should first read our Freedom and Choice Q&A for LGPS members from the FAQ area.

More information can be found in the Transferring scheme benefits section.

Beware of fraudsters

Fraudsters are singling out people like you and claiming that they can:

• help you access your pension fund

• offer immediate access to cash

• provide a pension loan

Keep your pension safe

If you are cold-called or text messaged with a deal to unlock or review your pension, don't touch it.

Please read our  scam smart (PDF) [129KB] (opens new window)  leaflet for more information about the dangers of pension scams.

Please also visit the Pensions Regulator's website for more information at: www.thepensionsregulator.gov.uk/en/pension-scams