Transferring from another scheme
When you join the teachers’ scheme you can transfer your pension credit from a previous scheme provided that:
- the previous scheme meets HMRC (formerly known as the Inland Revenue) requirements; and
- you apply for a transfer within one year of entering pensionable teaching service.
The sum of money offered as a transfer value from your previous scheme does not guarantee you the same amount of service in the NITPS as you had in your previous scheme.
Transfers from the Republic of Ireland are now available pending the scheme holding a Qualified Overseas Recognised Pension Schemes (QORPS) registration number. Recent additions to the list of QORPS in the UK and reciprocal developments now enable the transfer of the value of accrued pension entitlements from one jurisdiction to the other. See attached documents for FAQ's and examples of transfer value.
Transfers from the teachers’ schemes for Scotland and England and Wales
We have a special arrangement with these schemes which means that service credit transferred from them gives you exactly the same amount of service in the teachers’ scheme for Northern Ireland as you had with them. We will accept transfers from these schemes any time up to retirement.