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Pension question
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paul197777
Posts: 2 Newbie
I payed into a pension when I was 18, until I was 24, so for five years and there is apparently 1000 pounds sitting in the pot. I haven't paid into this for years and was wondering what my options were. It was an old Abbey National pension, which I think has now been taken over by Phoenix.
Can I transfer funds/ withdraw funds to invest elsewhere? Help and guidance please.
Can I transfer funds/ withdraw funds to invest elsewhere? Help and guidance please.
0
Comments
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Can I transfer funds/ withdraw funds to invest elsewhere?
Yes. You are free to pick from the range of investments the current pension offers or transfer it to another pension and utilise the invesmtent options of that one. You cannot withdraw the money though.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.0
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