What do I do with 3 small private pensions?

Pavese

I stupidly took out 3 different types of private pensions over the years - a FSAVC (£10000 with NU) an AVC (£10000 with the Pru) and a Stakeholder (£7000 with Zurich). Any idea what the best plan would be now (I'm 56). I have a good enough finaly salary pension but I'd still like to make the private pension pot work!

dunstonh

I stupidly took out 3 different types of private pensions over the years

Why is that stupid?

Any idea what the best plan would be now (I'm 56).

Depends on your circumstances.

EdInvestor

Pavese wrote: »

I stupidly took out 3 different types of private pensions over the years - a FSAVC (£10000 with NU) an AVC (£10000 with the Pru) and a Stakeholder (£7000 with Zurich). Any idea what the best plan would be now (I'm 56). I have a good enough finaly salary pension but I'd still like to make the private pension pot work!

The AVC is attached to your company pension. Some schemes allow you to use the AVC for your tax free lump sum, which conserves the main (index linked) pension for income alone.Check if this applies to you as it's a good deal.

The other two can be amalgamated via transfer if you like.If you like online finance perhaps a SIPP would suit you?https://www.h-l.co.uk offers access to top notch funds at competitive costs. A good way to learn about investing, with plenty of no risk options (like a cash fund) as well.