Thank you - I am a deferred member of USS too. Some of the PFIC discussion there isn’t relevant for the main teacher pension scheme which is backed by gov’t and not invested eg in funds, I believe. The AVC element of TPS is totally separate from the defined benefit bit and you can’t transfer funds between, but you can with USS because it’s a hybrid plan. That’s why I’m wondering if the AVC is closer to a SIPP. Anyway, I could probably just do it and say I’ve done my best to interpret their guidance - if they notice!