We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Minimum transfer into L&G stakeholder?
marc.faulkner
Posts: 639 Forumite
HI,
I have a very tiny sum in a Friends Provident stakeholder, and would like to transfer it into my Legal & General stakeholder.
Do L&G have a minimum transfer value? As the sum is only in the region of £100, but I want to tidy things up a bit as i seems silly having a pension with such a tiny value.
Cheers,
Marc
I have a very tiny sum in a Friends Provident stakeholder, and would like to transfer it into my Legal & General stakeholder.
Do L&G have a minimum transfer value? As the sum is only in the region of £100, but I want to tidy things up a bit as i seems silly having a pension with such a tiny value.
Cheers,
Marc
0
Comments
-
Hi marc
Under stakeholder rules they pretty much have to take the money. There is a minmum contribution limit of £20 for stakeholder but this can be gross and shouldn't really apply to transfers, but it sounds like you are well above that.
However some firms will insist you take advice or at least try to!
Best to simply ask them.I am an Independent Financial Adviser. For regulated individuals like me there are rules on giving financial advice. Therefore any posts I make are meant to be helpful but are not financial advice.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.3K Banking & Borrowing
- 253.7K Reduce Debt & Boost Income
- 454.4K Spending & Discounts
- 245.3K Work, Benefits & Business
- 601.1K Mortgages, Homes & Bills
- 177.6K Life & Family
- 259.2K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards