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Contracting out rule changes
phil80
Posts: 153 Forumite
My dad has a Personal Pension with Abbey Life to which his contracted out payments were made.
He is now 56 can somebody advise myself as to whether he is eligable to take these benefits or do they have to remain until he is 65.
If this is the case is he able to transfer this pot into his main current plan if a transfer is in his best benefit.
Thanks in advance.
He is now 56 can somebody advise myself as to whether he is eligable to take these benefits or do they have to remain until he is 65.
If this is the case is he able to transfer this pot into his main current plan if a transfer is in his best benefit.
Thanks in advance.
0
Comments
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He is now 56 can somebody advise myself as to whether he is eligable to take these benefits or do they have to remain until he is 65.
He can commence his pension from age 55.If this is the case is he able to transfer this pot into his main current plan if a transfer is in his best benefit.
If its in his interests then he could do that or to another plan or other option.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
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