Skip to main content Skip to footer

Leaving or taking a break from the Scheme

Factor review 29 October 2018

Suspension of certain calculations involving actuarial factors

In the budget on 29 October 2018, HM Treasury announced a revision to the basis for the calculation of Cash Equivalent Transfer Values (CETVs) payable from public service pension schemes, which includes the NHS Pension Scheme. The impact of the review is that the factors used by NHS Pensions to calculate CETVs will change.  This may affect you if you have requested a CETV statement because you are getting divorced or are transferring your NHS Pension Scheme benefits to another pension scheme.

This may also affect you if you have requested a transfer in to the 1995/2008 or 2015 Scheme, and the transfer payment was not received before 29 October 2018.

Current position

We are currently assessing the impact of the review which means that any transfer requests affected by the changes detailed above are currently on hold.  Please be aware that this may increase the time taken to respond to your request.

Further information regarding the changes to other factors will follow in due course.

There are several ways you can leave or take a break from the Scheme.

This short video will help you understand what you would be giving up if you decide to opt out.

Download the video transcript (PDF: 146KB).

Image removed.

For further information read our Leaving Early and Transferring Out Guide (PDF: 307KB).
We also have a printable version (PDF: 308KB).

Opting out

Use the Opt out calculator (Excel: 65.6KB) to understand the impact on your take home pay.

It will also give you some information about the benefits you would lose if you decide to opt out.

Read the Opting out factsheet (PDF: 162KB) for more information.

To opt out, you must complete the application to leave the NHS Pension Scheme (SD502) form (PDF: 197KB).

You and your NHS employer must complete the form. This is the only way to opt out of the NHS Pension Scheme.


You may be eligible for a refund of your Scheme contributions.

Read the Refund of pension contributions factsheet (PDF: 134KB) to find out if you're eligible.

If you’re eligible, complete the Application for a refund of pension contributions (RF12) (PDF: 212KB).

Transferring out

If you opt out or leave the Scheme, we may be able to transfer your pension benefits to another provider.

If you want to transfer to another UK scheme, read and complete the Transfer out guide and application pack (PDF: 502KB).

Your employer(s) should fill in a Cash Equivalent Transfer Value (FA11a) form (Word: 83.8KB) if:

  • you’re an active member
  • you left in the past year

This is for you to return with your transfer application pack.

If you're requesting a Cash Equivalent Transfer Value for divorce or dissolution purposes, these forms do not apply. Go to the divorce or dissolution of a civil partnership page for more information.

There may be a charge for this. Check the Request for chargeable Cash Equivalent Transfer Value (CETV) (Word: 91.1KB).

To transfer to an overseas pension scheme, complete the form in the Overseas transfer out guide and application pack (Word: 366KB).

Pension scams

The Pensions Regulator has warned that pension scams are on the increase in the UK.

Some NHS Pension Scheme members have found themselves being targeted.  They're enticed by one-off pension investments, pension loans or upfront cash.

For most people, the offers will be bogus. Members taken in will lose most, if not all, of their pension savings.

They may face HMRC tax charges of more than half the transfer payment because the transfer was unauthorised.

Visit The Pensions Regulator website  to look at the Pension Scams awareness booklet for members.