Transferring your AVC
You have the right to transfer your AVC. You can do this even if you are still paying into the main LGPS scheme. You can only transfer your AVC if:
- you have stopped paying AVCs in all LGPS employments
- you are not receiving an annuity or a top-up pension bought with an LGPS AVC
- you transfer all LGPS AVC plans at the same time, if you have more than one. You do not have to transfer an AVC plan that was awarded to you as part of a divorce settlement at the same time
- if you are currently a member, or if you left the LGPS after 31 March 2014, you can only transfer your AVC before your LGPS benefits are paid to you.
If you transfer your AVC plan to one or more different pension arrangements, you may be able to use your AVC in ways that are not offered in the LGPS.
If you are thinking of transferring your AVC plan, you should be aware that scammers operate in these markets and are after your pension. The Pensions Regulator provides useful information on how to Avoid pension scams - This link opens in a new browser window.