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Document How long does it take to process a transfer out of the NHS Pension Scheme?

On receipt of a transfer value request, we will first provide a guaranteed transfer value statement. This will be used by the new pension provider to calculate what membership or credit the transfer would buy in their pension scheme if the transfer goes ahead.

We aim to provide the guaranteed transfer value statement within 20 working days (against our statutory target of 3 months) of receiving a valid request.

Once a guaranteed transfer value has been provided, the member has three months to consider their options and make their election.

Where the member confirms they want to continue with the transfer, we aim to make the transfer payment within 20 working days (against our statutory target of 6 months) of receiving your request.

timescales, transfer out, transfer process
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