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 Members Account in the scheme, which will continue to be invested until Normal Retirement Age.
  3. You can transfer the value of your Members Account to an alternative pension scheme.