Possible transfer of a deferred pension

jimbouk_2

Good evening
I am looking for some clarification on what seems like a no brainer to me.
My wife has a deferred pension from a previous employer which she is contemplating transferring to her local authority pension scheme.

Roughly figures are as follows

Deferred pension is worth at today's figures 4.5k pa
The local authority schemes administrators have advised that the transferring the funds from the deferred pension would buy an additional 19 years service /extra 9k pension pa at today's figures.

Would appreciate any advice or views on what seems like a good deal.

Thanks in advance

Jim

kidmugsy

"...what seems like a good deal": not for the taxpayer, though.

Chris_P_2

jimbouk wrote: »

Good evening
I am looking for some clarification on what seems like a no brainer to me.
My wife has a deferred pension from a previous employer which she is contemplating transferring to her local authority pension scheme.

Roughly figures are as follows

Deferred pension is worth at today's figures 4.5k pa
The local authority schemes administrators have advised that the transferring the funds from the deferred pension would buy an additional 19 years service /extra 9k pension pa at today's figures.

Would appreciate any advice or views on what seems like a good deal.

Thanks in advance

Jim

I'd be highly surprised if that was right