Options when leaving

Saints2011

taking_stock wrote: »

the most important point is to make sure that the sum is transferred rather than opting for the fractional cash in hand.

Thank you in simple terms does that just mean instructing the current pension provider to transfer the money?

dunstonh wrote: »

No you dont. Stakeholders have no such requirement to do that.

Thank you

jem16

Saints2011 wrote: »

Thank you in simple terms does that just mean instructing the current pension provider to transfer the money?

Yes simple as that.

taking_stock

Saints2011 wrote: »

Thank you in simple terms does that just mean instructing the current pension provider to transfer the money?



Thank you

yep, you can open a stakeholder online in a few minutes - and then sign and return the forms that arrive through the post. you simply then give the new stakeholder account number to the old provider. it's as simple as transfering an isa these days.

atush

I personally think he shoudl continue to oy in 20 per month. you can afford that I am sure, even if you have to not drink poncy coffees for a week, or just have a few pints less down the pub. That 1600, even with growth won't go far.

And in any case, his new employer WILL in the next few years have to pay into a pension for him.

Saints2011

jem16 wrote: »

Yes simple as that.

Thank you

taking_stock wrote: »

yep, you can open a stakeholder online in a few minutes - and then sign and return the forms that arrive through the post. you simply then give the new stakeholder account number to the old provider. it's as simple as transfering an isa these days.

Oh brilliant it doesn't look like the Aviva one you can. Does this Aviva one look like a reasonable one.

Thank you

atush wrote: »

I personally think he shoudl continue to oy in 20 per month. you can afford that I am sure, even if you have to not drink poncy coffees for a week, or just have a few pints less down the pub. That 1600, even with growth won't go far.

And in any case, his new employer WILL in the next few years have to pay into a pension for him.

Thank you I agree. When will all employers have to contribute or have a plan in place?

Thanks again