Deferred members

If you have a deferred pension in NAPS, this is due to be paid from your Normal Retirement Age (NRA) (Plan 60 or Plan 65). If your NAPS membership ended after 31 March 2007 you will be entitled to a pension for pre 2007 service and a pension for post 2007 service. These may have different NRA's; however, they must be treated as a single pension entitlement and drawn at the same time.

When you are approaching your NRA (in NAPS, this will be the NRA that applied on the date your active membership of the Scheme ended) we will write to you with full details of your pension benefits and your options relating to your pension about four months beforehand.

It is important that you keep the Scheme up to date with your latest contact details so payment of your pension is not delayed. Contact us for further details.

Transferring your pension

At any time before you start to draw your pension, you can ask us to transfer the value of your deferred pension to another UK-registered pension arrangement or a Qualifying Recognised Overseas Pension Scheme registered with HM Revenue and Customs. This value of your benefits is called a 'cash equivalent transfer value'. You can ask for a statement of your CETV at any time before you draw your pension. You can request up to two guaranteed CETV statements in any twelve-month period.

If you are a deferred member, you normally have a statutory (legal) right to transfer your Scheme benefits to another pension arrangement. This applies if you have not yet drawn your Scheme benefits and you have made an application to transfer them at least one year before your Scheme normal retirement age.

Keep ahead of the latest scams!

The number of reported scams since the start of the COVID-19 situation has increased dramatically. Please visit the FCA's website to stay up-to-date and avoid falling victim.


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