Partial transfers for DC Section members

Good news! The Trustee has introduced a new option which will allow you to transfer part of your savings, known as a partial transfer, out of your DC fund to another registered pension arrangement. This option will be available to members who are currently contributing as well as those who have a deferred fund.

The partial transfer will be subject to certain restrictions including the following:

• only one partial transfer is allowed in each Scheme year i.e. from 1 April to the following 31 March and;
• the value of your remaining DC fund must be at least £1,000 (this figure may change in the future).

Allowing you to take a partial transfer gives you more control over your pension provision and increases the flexibility and options available to you. Before making any decisions regarding your pension provision, the Trustee encourages you to seek advice from an independent financial adviser (IFA) as there may be tax implications and you can find an IFA at register.fca.org.uk

If you are interested in a partial transfer, please contact the Plan Administrators, Buck using the details at www.oneemerson.co.uk/contact-us