📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

LGPS - Transfers

Options
I'm currently in the Local Government Pension Scheme with over 20 years of contributions (pre and post 2008). I'm moving to another local goverment employer so was planning to transfer my current pension to my new membership. I believe that the key points for me to consider are:

1. Once transferred, my pension will be entirely paid under the post 2008 rules

2. Any 'protected member' rights will transfer to the new pension

3. I will only get one "death in service" payment (which I hope not to claim!) rather than two if the current pension is deferred.

I hope that my pay will be heading upwards rather than downwards, so I can't see any reason not to transfer unless point 1 above leaves me worse off.

Please can anybody comment on whether I've missed any key points?

Many thanks.

Comments

This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 351.1K Banking & Borrowing
  • 253.2K Reduce Debt & Boost Income
  • 453.7K Spending & Discounts
  • 244.1K Work, Benefits & Business
  • 599.2K Mortgages, Homes & Bills
  • 177K Life & Family
  • 257.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.