BTPS

Leaving the Company

If you leave the company before Normal Pension Age then you have to leave the Scheme.

You can then choose:

a deferred pension (which will be paid at Normal Pension Age);
to transfer the value of your pension (this will be paid into a new employer's pension scheme or your own registered personal pension plan); or
if you are over age 50, take your pension early (but remember, this will be reduced, see Early retirement).

You can find out more about deferred pensions by clicking on the 'more detail?' button below.