Cashing in With-Profits Endowment

PensionKid

Hi,

I have a with profits endowment with Royal London that has been running for nearly 10 years and i am thinking of surrendering it. I only pay £40 a month into it and in 2005 the surrender value was £2460. I am hoping that the surrender value today may be worth around £3500 or more??

I can see from the previous surrender enquiry that i can 'sell it and there may be benefits in doing this'. Can someone explain what they mean by this and which route i should go please?

Thanks,

Pension Kid

:beer:

freddysmith

Best to post this in the Mortgages & Endowments Forum

Nagiw

You should get an annual statement telling you, amongst other things, the surrender value.
Also are there bonuses involved? - you may lose these if you surrender early.

PensionKid

Yes i did wonder whether this was the right place. i put it here because it was a way of personal saving for me. I take your point. Cheers.

PensionKid

There is no surrender value on the statement. Only Guaranteed values, bonuses added, etc etc.