If you leave the scheme, you generally have three options:
  1. If it is in the scheme rules, you can take a refund of that part of your pension account which has been built up by your own contributions, less tax of 10% if you have completed less than a certain number of years service – please refer to the Member Booklet for details.
  2. You can leave your pension account in the plan, which will continue to be invested.
  3. You can transfer the value of your pension account to alternative pension arrangement.