At present, yes, you can transfer your Deferred Benefit or a Deferred Refund at any time from leaving the Scheme and up to one year before your Normal Retirement Date. The transfer payment is available for you to purchase benefits in:
- a new employer's scheme
- a buy-out policy from an approved insurance company or
- a personal or stakeholder pension arrangement
You are strongly advised to take independent advice before proceeding with such a transfer.