Possible transfer of a deferred pension

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

Comments

  • kidmugsy
    kidmugsy Posts: 12,709
    First Anniversary Name Dropper First Post Combo Breaker
    Forumite
    "...what seems like a good deal": not for the taxpayer, though.
    Free the dunston one next time too.
  • Chris_P_2
    Chris_P_2 Posts: 194 Forumite
    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
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