can i transfer my paye scheme
Almost all types of occupational and private pensions can be transferred. There are some exceptions, however, particularly for public sector workers. â¢ If you left a public sector pension scheme before 1st January 1986, you canât transfer.â¢ If you are a member of a final salary pension scheme that provides a pension that rises in line with inflation, you canât transfer. â¢ If you are within one year of your pension schemeâs retirement age, you canât transfer.The good news is that in all of the scenarios above, you would almost certainly end up with a big reduction in your pension entitlement if you transferred to a different pension â so the rules are protecting you. If you left a public sector pension scheme before 1st January 1986, you canât transfer. â¢ If you are a member of a final salary pension scheme that provides a pension that rises in line with inflation, you canât transfer. â¢ If you are within one year of your pension schemeâs retirement age, you canât transfer.