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Annual allowance and transfers

If you have elected to transfer pension rights from another scheme into the LGPS, the value of the benefits relating to the transfer does not count towards your pension savings in the LGPS in the year in which the transfer payment is received.

If you are transferring from a Club scheme we will ignore the effect of any actuarial adjustments for AA purposes but will include the effect of any salary increase and revaluation.

If you are transferring between LGPS funds or within GMPF, please be aware that if you are transferring final salary benefits (that is, from pre 1 April 2014 membership), and have had an increase in pay from your previous employment, the growth in your pension due to the increase in pay will be taken into account in the calculation of your pension savings.

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