UKAEA Pensions

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Transferring your Benefit to another Pension Arrangement

If you have more than three months service in the UKAEA scheme you may be able to transfer your scheme benefits to another defined benefit scheme provided they do not offer flexible benefits described in the Pension Schemes Act 2015. You will not be able to transfer benefits to a pension arrangement which offer flexible benefits. Generally these include defined contribution arrangements.

The restrictions do not apply if you have more than 3 months service but less than 2 years. In these circumstances you may be able to transfer your benefits to another pension arrangement including a defined contribution arrangement.

If in doubt please consult with the Pension Administrators