I want to transfer my benefits

You may be able to transfer the benefits you’ve built up to another pension arrangement. You can transfer benefits with a Normal Retiring Age of 60 separately to those with a Normal Retiring Age of 65. You can also transfer out any additional voluntary contributions (AVCs) held in a separate fund without transferring your other benefits.

You will need our agreement to transfer out any benefits if you still work for Royal Mail or are within one year of Normal Retiring Date for the benefits you wish to transfer.

You cannot transfer benefits earned before 1 April 2012 to a money purchase scheme – a scheme where your pension is invested in your own fund and not based on your salary or service in the scheme.

If you have benefits worth more than £30,000 that you built up after 1 April 2012 that you want to transfer to a money purchase scheme, then you will need to take financial advice before a transfer can take place. You can find out more about financial advice on the government’s Money Advice website.