GAD guidance and transfer-in factors for the 2006 and 2015 schemes. Guidance for special members of the 2006 scheme will be sub-grouped under the 2006 scheme heading where relevant.
Note that calculations for the following members will be subject to adjustment in line with the GAD note on GMP indexation:
- Males with a date of birth between 6 April 1951 and 5 April 1955
- Females with a date of birth between 6 April 1953 and 5 April 1955
The factors dated 10 June 2019 for Standard members (Tables 216 and 217) and 2 October 2019 for Special members (Tables 218 and 219) members are required under Rule 10 and Rule 11 of Part 12 of Schedule 1 to the 2006 scheme (SI 2006 No 3432). They should be used in conjunction with the GAD guidance notes dated 30 January 2020.
On 21 January 2021, GAD have provided the following table (Table A), extending the conversion factors for transferred-in service credits (standard to special membership) from age 59 to age 60.
The factor at age 60 should be applied in the same way as for factors at other ages. Note that the factors for ages 59 and below in the above table are unchanged from the current published table.
GAD are not aware of any exclusions which prohibit the conversion of transferred-in service credits at age 60 and this position was confirmed by Home Office.
|30 January 2020||
FPS 2006 Service Credits for non-Club Incoming Transfers - factors and guidance (PDF, 19 pages, 408kb)
|2 October 2019||29 October 2018||
FPS 2006 Updated factors - Special members (xlsx, 17.7kb)
|10 June 2019||29 October 2018||
FPS 2006 Updated factors - Standard members (xlsx, 20.1kb)
|12 February 2015||
Examples and conversion factors for transferred-in service credits (Standard to Special membership) (PDF, 8 pages, 81kb)
|29 January 2015||
FPS 2006 Updated factors - Standard and Special members (PDF, 5 pages, 70kb)
|12 December 2012||
FPS 2006 Factors and example calculations (non-Club) (PDF, 13 pages, 145kb)
|30 April 2009||
FPS 2006 Transfer Values and Pension Sharing guidance (PDF, 80 pages, 272kb)
For non-Club transfers in to FPS 2015 the factors dated 24 January 2019 should be read in conjunction with the guidance note dated 30 January 2020.
|30 January 2020||
FPS 2015 Individual Cash Equivalent Transfers - factors and guidance (PDF, 33 pages, 555kb)
|24 January 2019||29 October 2018||
FPS 2015 Updated factors (xlsx, 19.7kb)
|13 May 2016||
FPS 2015 Addendum: updated tables of factors (PDF, 13 pages, 176kb)
|2 June 2015||
FPS 2015 Individual Cash Equivalent Transfers guidance (PDF, 12 pages, 403kb)