Transfer Value

Transfer Value – Pensionfinder

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    Transfer Value

    This is the amount of cash accumulated in a deferred pension that can be transferred from the ex-employer’s scheme to a new pension arrangement, be it a personal pension plan, your new employer’s pension scheme or a Section 32 buyout. For a defined benefit scheme (such as a final salary scheme) the transfer value will be shown in the Statement of Entitlement document. For money purchase scheme the transfer value will reflect the value of the member’s fund.