Transfer from Qualifying Scheme to Another Scheme

An employee can transfer from a qualifying pension scheme in which they are currently enrolled to a new one. The process automatically end dates the existing pension component, and creates a new one.

Before you start, you must ensure that the employee is currently enrolled in a qualifying scheme.

Update the Pensions Automatic Enrolment Card

1. Use the Calculation Cards task to open the employee's pensions calculation card for editing.

2. In the component details, select EditCorrect.

3. Complete the fields as shown here:

   Field	Value
   Transfer Qualifying Scheme Name	Name of the new scheme
   Reason for Leaving Qualifying Scheme	Transfer
   Qualifying Scheme Leaving Date	Date when the current scheme must be ended. For example, the last day of the current PRP.
   Effective Start Date	Date should be the same as the qualifying scheme leaving date to avoid incorrect pension assessments in future processing.
   Target Qualifying Pension Scheme	Name of the target pension scheme.

4. Save the calculation card.

5. Run the Pensions Automatic Enrolment Assessment Multiple Update process.

   The process end dates the current pension scheme on the scheme leaving date and creates the new pension scheme component from the next day.