cashing pensions in....

secretspender_2

I was talking to my mum at the weekend and she has successfully claimed back an old pension she stopped paying to years ago. She said she got the advice from here.

Is it possible to do this? I paid into a Standard Life one about 4 years ago for a year but then started a new one with a different company without transferring.

What happens to the standard life one? Do I have any rights in which to claim it back? thanks x

MikeJones_2

Once you have started contributing to a registered pension scheme there are very few ocassions when you are able to claim back your contributions.

Contact Standard Life and ask them for more details about what you have got. Try and provide them with as much relevant detail as you have available (a policy number, preferably).

When you find out, come back here and we may be able help you further with more specific options, such as the transferability of what you have built up and the advantages and disadvantages associated with each option.

Mike Jones

I work in the field of Pension Education and Pension Guidance in the UK. I am a current member of the Specialist Pensions Forum as well as being a Voluntary Adviser for The Pensions Advisory Service. I work with scheme members, employers, trustees, scheme administrators and advisers on most things to do with employer sponsored pension schemes. The views expressed by me in this thread are my personal opinions. You should seek professional advice from an appropriately experienced and qualified adviser. I am not an IFA.

dunstonh

Is your mum over 60? The over 60s have a way of getting back trivial pensions but thats about it for money purchase schemes.