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Investing a lump sum into an existing pension.
AMO
Posts: 1,464 Forumite
Hi all,
I have to move my investments from one pension to one of my other pensions because my employment at the company has changed. I know that it is not worth keeping the funds in the existing company pension because it has a flat rate management charge which only works out cheap if you've got more than a certain amount in the pension so that it falls below 1% of the pot.
I have 2 existing pensions. How do I know which is the cheapest to transfer a lump sum into? Is it just a case of giving them a call?
Thanx
AMO
I have to move my investments from one pension to one of my other pensions because my employment at the company has changed. I know that it is not worth keeping the funds in the existing company pension because it has a flat rate management charge which only works out cheap if you've got more than a certain amount in the pension so that it falls below 1% of the pot.
I have 2 existing pensions. How do I know which is the cheapest to transfer a lump sum into? Is it just a case of giving them a call?
Thanx
AMO
0
Comments
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This might be better in the investments forumI am a Mortgage Adviser
You should note that this site doesn't check my status as a mortgage adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.0
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