RPSM14301050 - Scheme Administrator Pages: Transfers: Making a transfer from a registered pension scheme: What if the member has already crystallised their benefits under my scheme?

What if the member has already crystallised their benefits under my scheme?

The tax legislation allows members in receipt of pensions to transfer to a different pension provider if they wish, and if their scheme's rules allow it. But a member in receipt of a pension must not use the transfer as an opportunity to change the terms of their pension contract.

Forthcoming regulations will provide more detail on such transfers.