Please complete this form if you want the value of your Local Government Pension Scheme (LGPS) rights held in the XXXX Pension Fund to be transferred to a QROPS. Return the completed form to us at: [Administering authority to enter relevant address] You must return this form, fully completed, within three months after the calculation date shown on your transfer value statement or, if earlier, the date which falls 12 months before your Normal Pension Age under the LGPS, if you wish to proceed with the transfer. The Government has introduced an overseas transfer charge with effect from 9 March 2017. Where the charge applies it is equal to 25% of the actual value of the transfer payment. You will still be able to make a transfer to a QROPS free of UK tax up to the value of your lifetime allowance (i.e. the overseas transfer charge will not apply), where one of the following applies: you are resident in the country where the QROPS receiving your transfer is based you are resident in a country in the EEA and the QROPS you are transferring to is based in another EEA country the QROPS you are transferring to is an occupational pension scheme and you are an employee of a sponsoring employer under the scheme at that time the QROPS you are transferring to is an overseas public service scheme and you are employed by an employer that participates in that scheme at that time the QROPS you are transferring to is a pension scheme of an international organisation and you are employed by that international organisation at that time You must provide Pension Fund with all the information requested within this documentation, XXXX before the transfer is made, otherwise your transfer will be subject to the overseas transfer charge. Please note that we cannot pay the transfer value until or unless we receive and are satisfied with the Receiving Scheme Discharge Form which [administering authority to enter appropriate wording e.g. you should get your new scheme to complete and return to you so that you can attach it to this form, or we have asked your new scheme to complete and return to the Pensions Section] [The administering authority should also: enter information here on any other actions the scheme member needs to take to comply with the administering working practices when dealing with transfers out, and authority’s amend this form to include a version of the administering LTA declaration form authority’s / statement] About you Title 2. Surname
Please complete this form if you want the value of your Local Government Pension Scheme (LGPS) rights held in the XXXX Pension Fund to be transferred to a QROPS. Return the completed form to us at: [Administering authority to enter relevant address] You must return this form, fully completed, within three months after the calculation date shown on your transfer value statement or, if earlier, the date which falls 12 months before your Normal Pension Age under the LGPS, if you wish to proceed with the transfer. The Government has introduced an overseas transfer charge with effect from 9 March 2017. Where the charge applies it is equal to 25% of the actual value of the transfer payment. You will still be able to make a transfer to a QROPS free of UK tax up to the value of your lifetime allowance (i.e. the overseas transfer charge will not apply), where one of the following applies: you are resident in the country where the QROPS receiving your transfer is based you are resident in a country in the EEA and the QROPS you are transferring to is based in another EEA country the QROPS you are transferring to is an occupational pension scheme and you are an employee of a sponsoring employer under the scheme at that time the QROPS you are transferring to is an overseas public service scheme and you are employed by an employer that participates in that scheme at that time the QROPS you are transferring to is a pension scheme of an international organisation and you are employed by that international organisation at that time You must provide XXXX Pension Fund with all the information requested within this documentation, before the transfer is made, otherwise your transfer will be subject to the overseas transfer charge. Please note that we cannot pay the transfer value until or unless we receive and are satisfied with the Receiving Scheme Discharge Form which [administering authority to enter appropriate wording e.g. you should get your new scheme to complete and return to you so that you can attach it to this form, or we have asked your new scheme to complete and return to the Pensions Section] [The administering authority should also: enter information here on any other actions the scheme member needs to take to comply with the administering authority’s working practices when dealing with transfers out, and amend this form to include a version of the administering authority’s LTA declaration form / statement] About you Title 2. Surname