Options available if you transfer out

Options available if you transfer out

You may be able to access different options in relation to your benefits if you convert your ‘safeguarded’ benefits to ‘flexible’ benefits by transferring them out of the Plan to a defined contribution (‘DC’) arrangement.

Transferring out to a DC arrangement may, depending on the terms of the receiving scheme, give you the opportunity to choose to receive your benefits in a different way to the Plan.

The specific options and terms of those options available to you from any such scheme will vary and depend on the terms of the receiving scheme. However, we have provided a high level summary of the potential key options below, which may be available.