You may transfer your pension rights from the Plan to another suitable pension arrangement, at any time before age 64 and as long as you have not already put your pension into payment.
You can request in writing a statement of your transfer value from the Plan administrator, which, in most cases, will be guaranteed for three months. You can request one statement free of charge in any 12-month period. Additional requests will incur an administration charge.
Your transfer value represents the cash value of your current deferred pension payable from the Plan. It is calculated in accordance with statutory requirements and actuarial advice.
No-one connected with the Plan can you give financial advice, so before proceeding with a transfer you should seek appropriate independent financial advice. If your transfer value is more than £30,000 and you are transferring to an arrangement that may provide you with flexible benefits, the law requires that you take such advice from an authorised independent adviser registered with the Financial Conduct Authority.