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Merging different types of pension?
Sceptre
Posts: 110 Forumite
This is probably a really dozy question, but........
Can you put a personal (previously 'contracted out', but from this week 'contracted back in again') pension and a stakeholder pension in the same 'pot', as it were?
I have about £30k in the personal pension, and just under 10k in the stakeholder - both with same provider. Not vast sums I know. I'm not even sure now why I did this.
I intend to transfer them to another provider soon, but wondered if they could be pooled together.
I have asked the customer service advisor at my provider, but they were unsure and have put a 'query' through to someone else. I'm not filled with confidence, and thought that if anyone did know, it would be one of you guys.
Can you put a personal (previously 'contracted out', but from this week 'contracted back in again') pension and a stakeholder pension in the same 'pot', as it were?
I have about £30k in the personal pension, and just under 10k in the stakeholder - both with same provider. Not vast sums I know. I'm not even sure now why I did this.
I intend to transfer them to another provider soon, but wondered if they could be pooled together.
I have asked the customer service advisor at my provider, but they were unsure and have put a 'query' through to someone else. I'm not filled with confidence, and thought that if anyone did know, it would be one of you guys.
0
Comments
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Can you put a personal (previously 'contracted out', but from this week 'contracted back in again') pension and a stakeholder pension in the same 'pot', as it were?
Yes. There is no change on that front.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 -
Yes. There is no change on that front.
Thanks dunstonh.
So........as the protected rights 'contracted out' jobby has finished now, both of my 'pots' will go into my unprotected rights stakeholder?
Which will change the date that I can take my pension i.e earlier, as not tied into the Government any longer?
I really have no clue do I. 0 -
So........as the protected rights 'contracted out' jobby has finished now, both of my 'pots' will go into my unprotected rights stakeholder?
yesWhich will change the date that I can take my pension i.e earlier, as not tied into the Government any longer?
no. No change on the dates on this legislation. Protected rights and non protected rights have had the same 55 to 75 age range since 2006.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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