1.0Cardiff and Vale Pension Fundhttps://www.cardiffandvalepensionfund.org.ukrich600338<blockquote class="wp-embedded-content" data-secret="iTFc6vuEJh"><a href="https://www.cardiffandvalepensionfund.org.uk/already-left/transferring-your-benefits/">Transferring your Benefits</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://www.cardiffandvalepensionfund.org.uk/already-left/transferring-your-benefits/embed/#?secret=iTFc6vuEJh" width="600" height="338" title="“Transferring your Benefits” — Cardiff and Vale Pension Fund" data-secret="iTFc6vuEJh" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script type="text/javascript"> /* <![CDATA[ */ /*! This file is auto-generated */ !function(d,l){"use strict";l.querySelector&&d.addEventListener&&"undefined"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!/[^a-zA-Z0-9]/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret="'+t.secret+'"]'),o=l.querySelectorAll('blockquote[data-secret="'+t.secret+'"]'),c=new RegExp("^https?:$","i"),i=0;i<o.length;i++)o[i].style.display="none";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute("style"),"height"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):"link"===t.message&&(r=new URL(s.getAttribute("src")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener("message",d.wp.receiveEmbedMessage,!1),l.addEventListener("DOMContentLoaded",function(){for(var e,t,s=l.querySelectorAll("iframe.wp-embedded-content"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute("data-secret"))||(t=Math.random().toString(36).substring(2,12),e.src+="#?secret="+t,e.setAttribute("data-secret",t)),e.contentWindow.postMessage({message:"ready",secret:t},"*")},!1)))}(window,document); /* ]]> */ </script> [vc_row][vc_column width=”1/1″][vc_column_text] Transferring your benefits [/vc_column_text][/vc_column][/vc_row][vc_row top_padding=”45″][vc_column width=”2/3″][vc_column_text]If you leave local Government employment with a deferred LGPS benefit, you can decide whether to leave your benefit in the Scheme, where they will increase with inflation each year. Or you may decide to transfer them to a new Employer’s scheme or into a personal pension plan. This could even be to an overseas pension scheme. You cannot transfer your benefits within one year of your Normal Pension Age, either under the LGPS 2007 or LGPS 2013, regardless if you left before or after 1 April 2014. If you are thinking about transferring your pension out of the LGPS, we strongly recommend you watch the above video which explains the difference between a Defined Benefit and Defined Contribution pension scheme, and the protections you will be giving up. The video also draws your attention to the dangers of pension scams, and the things to look out for when transferring your pension. Such as offering you unrealistic investment returns if you transfer, unusual investments options and applying pressure for you to make a hasty decision to transfer usually to a fake scheme. Your pension then disappears, never to be seen again – so […]