A deferred member has the option to take a Cash Equivalent Transfer Value (CETV) of their deferred benefits to another registered Plan at any time. 

If the value of your CETV is more than £30,000 you are required by law to take independent financial advice. However, the Trustee recommends that all members taking a CETV should consider taking independent financial advice.  

For more information on transferring your benefits out of the Plan please refer to the 'Transferring your Benefits out of the HP Plan' guide.