The Metal Box
Pension Scheme
Building your benefits

What If I Leave the Company?

If you leave the Company, you will no longer able to contribute to the DC Section. Instead, you have the following options:

  • Leave your Personal Account invested in the DC Section
  • Transfer the value of your Personal Account to another registered UK pension scheme or certain overseas schemes
  • Access your savings to provide a retirement income when you are old enough.

If you joined the Scheme before 1 October 2015 you may be able to receive a refund of your own contributions, less tax (if you have fewer than two years' Pensionable Service).

If you do leave the DC Section and either transfer your benefits to another scheme or take a refund of contributions, you will no longer be eligible for the ill-health or death benefits associated with membership.

For more information please read the My pension – My choices factsheet.