I’m leaving my job - what are my choices with my pension?
If you are moving to another job in a similar sector, then there's a good chance you can start paying into the Local Government Pension Scheme with your next job, as it's open to local authorities all over the country plus hundreds of kindred bodies. In this case it would be very easy to transfer your benefits across.
You can transfer your benefits to all kinds of other registered pension schemes too, but be cautious if it’s a personal pension. View more information about pension scams.
If you don't choose a transfer then you can choose...
- a refund (only if you've got less than two years in the scheme), or
- deferred benefits (you normally need two years or more in the scheme to do this). This is simply leaving your benefits on hold.
- When are you open over the Christmas break, and how can I get in touch if you're closed?
- I draw a pension from you. How do I change the bank account it is paid into?
- Do I need to nominate someone to receive a pension when I die?
- I already pay AVCs with Prudential to top up my pension. How can I check on my AVCs?
- I currently pay into the fund. When will I be getting my annual statement?
- I've had a number of cold calls from people claiming to be pension companies... how do I know if its a scam?
- A colleague was telling me they had some 85 rule protection. Hasn't that been scrapped years ago?
- I've got deferred benefits with you. When will I be getting my annual statement?
- What day is my GMPF pension paid on?
- When will this year's pension statements be coming out?
- What is the COPE amount in my state pension?
- Can I take some tax free cash from my pension before I retire?