MOD Pension - Former Civilian

hannah9000

Hi all,

I''m 24, and I paid into a pension with the MoD for 4 years. I left in Oct 2007 and have never heard anything about my options for my pension. Can I draw it out?? Or if not can I transfer it to a personal pension plan?

MikeJones_2

Hi Hannah,

hannah9000 wrote: »

I''m 24, and I paid into a pension with the MoD for 4 years. I left in Oct 2007 and have never heard anything about my options for my pension. Can I draw it out??

No.

hannah9000 wrote: »

Or if not can I transfer it to a personal pension plan?

Yes, or to any other registered pension scheme if it will accept a transfer-in.

Mike

I work in the field of Pension Education and Pension Guidance in the UK. I am a member of the Specialist Pensions Forum as well as being a Voluntary Adviser for The Pensions Advisory Service. I work with scheme members, employers, trustees, scheme administrators and advisers on most things to do with employer sponsored pension schemes. The views expressed by me in this thread are my personal opinions. You should seek professional advice from an appropriately experienced and qualified adviser. I am not an IFA.

Andy_L

hannah9000 wrote: »

Can I draw it out?? Or if not can I transfer it to a personal pension plan?

No

Yes, but probably not a good idea.

If left where it is it will increase by RPI each year & can be taken at the retirement age for the scheme (probably 65 based on your dates but may be 60)

contact details/info here:
http://www.csp.capitahartshead.co.uk/
(for a defered member like you)

http://www.civilservice.gov.uk/pensions/index.aspx
(scheme rules etc)