If you are a deferred member you can transfer the value of your pension benefits to another approved pension such as a:

• New employer's scheme
• Personal pension
• Stakeholder pension.

You can choose to transfer at any time up to one year before you retire. You may not transfer in the year prior to retirement.  

The transfer value is the cash equivalent of your deferred pension. This amount will be paid to your new pension provider, who will advise you of the benefits you get by making the transfer. The amount paid is calculated using a formula agreed with the Scheme Actuary.

Transfers In
The Thales UK Pension Scheme does not accept transfers in.