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1695575
star this property registered interest false more like this
star this property date less than 2024-03-12more like thismore than 2024-03-12
star this property answering body
Ministry of Defence more like this
star this property answering dept id 11 more like this
star this property answering dept short name Defence more like this
star this property answering dept sort name Defence remove filter
star this property hansard heading Armed Forces: Pensions more like this
unstar this property house id 2 more like this
star this property legislature
25277
star this property pref label House of Lords more like this
star this property question text To ask His Majesty's Government whether there is a time limit within which former Armed Forces personnel can transfer their service pension to a new pensions provider. more like this
star this property tabling member printed
Lord Touhig more like this
star this property uin HL3225 more like this
star this property answer
answer
star this property is ministerial correction false more like this
star this property date of answer less than 2024-03-26more like thismore than 2024-03-26
star this property answer text <p>Armed Forces Pension Scheme (AFPS) benefits can be transferred out up until 12 months before the date the member reaches pension benefit age.</p><p> </p><p>If a member wishes to transfer their AFPS benefits into another Public Sector scheme, this must be done within 12 months of them joining the new Public Sector Scheme.</p><p> </p><p>Both the Pension Schemes Act 2015 and the Taxation of Pensions Act 2014 stipulates the rule that prevents transfers from unfunded public service defined benefit schemes (such as the AFPS) to funded defined contribution schemes in the UK or abroad.</p><p> </p><p>Once an AFPS pension is in payment, this cannot be transferred out.</p><p> </p> more like this
unstar this property answering member printed The Earl of Minto more like this
star this property question first answered
less than 2024-03-26T15:43:58.25Zmore like thismore than 2024-03-26T15:43:58.25Z
star this property answering member
4952
star this property label Biography information for The Earl of Minto more like this
star this property tabling member
542
star this property label Biography information for Lord Touhig more like this