Get the free LGPS Transfer In Extension Request Form. LGPS, PENSION

Local Government Pension Scheme (LGPS) Transfer in extension request formPlease read the instructions below first before you complete this form. Who should complete this form? If you joined the LGPS

How to fill out lgps transfer in extension

How to fill out lgps transfer in extension

1. To fill out an LGPS transfer in extension, follow these steps:
2. Obtain the necessary transfer forms from your current LGPS provider or pension scheme.
3. Fill in your personal details, including your name, address, date of birth, and National Insurance number.
4. Provide details about your current LGPS scheme, such as the name of the scheme and your membership number.
5. Specify the amount that you wish to transfer from your current LGPS scheme to the extension.
6. If required, provide information about any additional pension benefits you want to transfer.
7. Sign and date the transfer form.
8. Submit the completed form to your current LGPS provider or pension scheme.
9. Await confirmation of the transfer from your current LGPS provider or pension scheme.

Who needs lgps transfer in extension?

1. An LGPS transfer in extension is typically needed by individuals who have an existing LGPS pension scheme and want to transfer their pension benefits to an extended period of service.
2. This may be relevant for individuals who have recently had a period of absence from the scheme and wish to buy back the missed service, or for individuals who want to extend their pensionable service for other reasons.
3. It is recommended to consult with a financial advisor or pension specialist to determine if an LGPS transfer in extension is suitable for your specific circumstances.

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What is lgps transfer in extension?

The LGPS transfer in extension refers to the process that allows members of the Local Government Pension Scheme (LGPS) to transfer previous pension rights into their current LGPS scheme after an initial transfer window has closed.

Who is required to file lgps transfer in extension?

Any member of the LGPS who wishes to transfer pension benefits from another scheme into their current LGPS membership after the standard transfer window has expired is required to file for an LGPS transfer in extension.

How to fill out lgps transfer in extension?

To fill out the LGPS transfer in extension, members need to complete the appropriate application form provided by their LGPS fund, providing details of the previous pension scheme and the amount they wish to transfer.

What is the purpose of lgps transfer in extension?

The purpose of the LGPS transfer in extension is to provide flexibility for members to consolidate their pension benefits and enhance their retirement income by allowing late transfers from other pension schemes.

What information must be reported on lgps transfer in extension?

Members must report personal details, information about the previous pension scheme, and the specific benefits they wish to transfer as part of the LGPS transfer in extension.