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Transfer Pension???
RaySmart
Posts: 5 Forumite
I hope someone can give me some advice..... I have a pension with BT which I stopped contributing to in 1999. I have received figures recently from BT pensions, stating that I had made 17 years in contributions. I am currently in a Railways pension (rpmi) and they have advised me that if I transferred my BT pension into their scheme, it would 'buy' me 19 years in this scheme. My question is, would I benefit from transferring the pension across or leaving it as it is?
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Comments
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My question is, would I benefit from transferring the pension across or leaving it as it is?
We cant say. It requires a transfer analysis to be done and a look at the pros and cons of each. Its not a case that can clearly show one as being better than the other without knowing the facts.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Yeah, I guess I need to sit with an IFA to determine any and all benefits. Thanks0
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well maybe not - in the first instance get a forecast from each pension provider - you may not need to see an ifa - if you do see an ifa remember to count your fingers afterwards if he/she shakes your hand,Yeah, I guess I need to sit with an IFA to determine any and all benefits. Thanks
fj0
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