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Possible to Transfer old pension to Stakeholder?

Dan:_4
Dan:_4 Posts: 3,795 Forumite
Part of the Furniture 1,000 Posts Combo Breaker
in Pensions, annuities & retirement planning
Hello.

I have an old pension scheme, which I forgot about until I was sorting out some old paperwork this morning. The pension has been frozen, and I have since left the company.

My question is is it posible to transfer the value to my Halifax Stakeholder Pension?

Comments

  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    What type of pension is it? If final salary, it is usually unwise to transfer out as the pension is not frozen, but deferred and is increasing to match inflation year by year.
    Trying to keep it simple...;)
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    No it's definitely not not a final salary pension, just a standard company pension I think. I only paid into it for a couple of years, so the value is only around £3,000.
  • dunstonh
    dunstonh Posts: 121,489 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    My question is is it posible to transfer the value to my Halifax Stakeholder Pension?

    The question ought to be why would you want to? :)

    Is the existing scheme better of worse than Halifax?
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
  • Dan:_4
    Dan:_4 Posts: 3,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    dunstonh wrote: »
    The question ought to be why would you want to? :)

    Is the existing scheme better of worse than Halifax?

    I was just thinking of keeping things together rather then two separate schemes, esp as it's only 3 grand.
  • EdInvestor
    EdInvestor Posts: 15,749 Forumite
    The urge to tidy up old pensions does not necessarily lead to an improvement in the contents of the wallet.Check investment options and charges on both pensions to find out if it's worth moving it.
    Trying to keep it simple...;)
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