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If you joined the Scheme before 06/04/2016
If you have completed less than two years in the Scheme, and no transfer has been received in from any other arrangement, then you are entitled to a refund of your own contributions, less a portion of the cost of buying you back into the State Scheme and less tax at 20% on the balance. Payment may also include any interest on the contributions you paid, which the scheme would not deduct tax from but would need to be declared on your next self-assessment tax form. Alternatively, if you have at least 3 months qualifying service you are entitled to take a Cash Transfer Sum to another pension arrangement so long as you elect to do so within the period specified in a written notification of options available.
If you have completed more than two years in the Scheme and are aged 55 or over you may be able to elect to take your pension immediately. See the Retirement Section for further details.
If you have completed more than two years in the Scheme and have not reached age 60 you may leave your Member Account invested in the Scheme until you choose to retire or age 60 if earlier.
If you have more than 3 months qualifying service in the Scheme and are more than one year from your Normal Retirement Date you may transfer your Member Account to another Pension Scheme or to a Personal Pension.
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If you joined the Scheme after 05/04/2016
If you have completed less than 30 days qualifying service in the Scheme, and no transfer has been received in from any other arrangement, then you are entitled to a refund of your own contributions. Payment may also include any interest on the contributions you paid, which the scheme would not deduct tax from but would need to be declared on your next self-assessment tax form.
If you have completed more than 30 days qualifying service in the Scheme and are aged 55 or over you may be able to elect to take your pension immediately. See the Retirement Section for further details.
If you have completed more than 30 days qualifying service in the Scheme and have not reached age 60 you may leave your Member Account invested in the Scheme until you choose to retire or age 60 if earlier.
If you have more than 30 days qualifying service in the Scheme and are more than one year from your Normal Retirement Date you may transfer your Member Account to another Pension Scheme or to a Personal Pension.
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