Would this amount be Right

allhourrs

Hi I know pensions have had a good stuffing but i was with a Company for nine years andpaid approx £80 a month for nine years however after about six years the company was taken over and the monies /pension transfered ,after being in the pension a further three years to make the nine i have left the company and requested the pension to be transfered to my new Company ,the figure that i have been given is £13,000. Does this seem right ??

Many Thanks

EdInvestor

What kind of pension is it? Final salary or money purchase?
Did the company contribute to the pension?

allhourrs

EdInvestor wrote:

What kind of pension is it? Final salary or money purchase?
Did the company contribute to the pension?

Yes the company did contribute to the pension the first one was a final salary and then it was moved to a "smart 100" what ever that was.

EdInvestor

If the "Smart 100" was a money purchase (defined contribution) occupational pension or a Group Personal Pension, it will be invested in funds run by a fund manager or insurance company.Your employer should have given you details of these, and you should have been given the opportunity to choose which funds your money went into, and told how to monitor your pension's progress.

Do you have paperwork referring to this?