Should I join my companies pension scheme?

Greenpete_2

Many thanks Jen and to all of the rest of you.

Up to now I have been scouring the internet for info and thought I had landed on Mars, I didn't understand anything.

Greenpete

chesky369

"Would it be worth my while, if it can be done, to move my BT pension elsewhere"

NO NO NO

Andy_L

dunstonh wrote: »

Assuming you were in the 80ths scheme at BT, that would be 25/80ths = 31.25% of your pensionable salary with them. Not likely to be a lot in other words.

There will be a x3 lump sum as well, so not quite as bad as that.

Andy_L

Greenpete wrote: »

Not sure of my BT pension as I took redundancy 5 years ago it was frozen then or whatever the term is.

"Deferred". It will have increased by RPI each year, possibly with a 5% cap depending on the scheme rules.(Although I don't think that would have made any difference over the past 5 years)