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    • jnielow
    • By jnielow 9th Apr 17, 8:09 AM
    • 49Posts
    • 4Thanks
    Portafina-Are the Legit?
    • #1
    • 9th Apr 17, 8:09 AM
    Portafina-Are the Legit? 9th Apr 17 at 8:09 AM
    Hi All,

    Have been away for a long time, so hope everyone is ok!!!.

    I just wanted to ask if anyone has had any dealings with the above company regarding a pension review?. They seem to be legit,registered with companies house and the FCA.

    Any pointers or advice would be welcomed many thanks.

Page 3
    • Malthusian
    • By Malthusian 6th Sep 17, 2:59 PM
    • 3,698 Posts
    • 5,761 Thanks
    Maybe Portafina could tell us where they get their leads from ? I have been getting letters from them for several years, around every 2 months at a guess. I have no problem with this, it's a consistent supply of scrap paper. I've never paid into a pension because I have been ill and on very limited income for most of my life, so it is a bit of a puzzle why they target me, or do they just target anyone ?
    Originally posted by ms11
    Do you get cold calls or junk mail from anyone else? Have you set up Direct Debits with charities, have you made PPI claims, have you ever put money into binary trading or anything like that?

    If you've never done anything to get yourself put on a suckers list it might have been whoever lived in your property before you.
    • Algee55
    • By Algee55 26th Nov 17, 1:56 PM
    • 1 Posts
    • 0 Thanks
    Misleading message?
    I keep getting letters from Portafina suggesting that I can take 25% of my pension as a tax-free lump sum.
    I know enough about these things to be pretty sure that I can only get 25% of my entire pension tax-free if I withdraw the whole pension. That means the other 75% would be taxable. The letters I receive could easily be misleading to a less informed recipient.
    I throw the letters straight in the bin because if I wanted to withdraw money from my pension I would go directly to my pension provider, or find out how to do it myself and just do it.
    • davieg11
    • By davieg11 26th Nov 17, 9:31 PM
    • 268 Posts
    • 156 Thanks
    The last mug in my workplace to cash in their active db pension said they only got charged 6% from Portafina. Poor sods will have spent it all by the time retirement comes along.
    • Malthusian
    • By Malthusian 27th Nov 17, 10:23 AM
    • 3,698 Posts
    • 5,761 Thanks
    I know enough about these things to be pretty sure that I can only get 25% of my entire pension tax-free if I withdraw the whole pension.
    Originally posted by Algee55
    The junk mailers are right and you are wrong. You can take the 25% tax free lump sum by itself and transfer the rest to an income drawdown policy, without taking any taxable income.

    But yes, if you do need to withdraw money you should seek independent advice from a reputable IFA, not an outfit that sends junk mail.
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