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transferring personal pension to a parent
samuel_adam
Posts: 2 Newbie
is it possible to transfer my personal pension to one of my parents? I am 25 and have had my personal pension for roughly 7 years. Even if i am not recieving any money for it, can i move it to them?
Any help greatly appreciated.
Any help greatly appreciated.
0
Comments
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Nope. It's personal.Free the dunston one next time too.0
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is it possible to transfer my personal pension to one of my parents?
The answer is no but why would you wish to do this?0 -
It can be transferred to them if you die- have you filled out your expressions of wishes form?0
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It can be transferred to them if you die- have you filled out your expressions of wishes form?
The pension isn't really transferred, though, in the way people transfer shares or investments.
Someone else, eg. a spouse, may become eligible for income or returns from it, but I don't think it's their pension. For example I don't think it would count as part of the £1.5m limit on the value of pension assets.
But pensions are not my area of expertise, so I may be corrected; and in any case this isn't really what the OP asked.We need the earth for food, water, and shelter.
The earth needs us for nothing.
The earth does not belong to us.
We belong to the Earth0 -
Someone else only gets access to the returns from a pension once the original owner dies.0
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Thank you all for your help, most appreciated.0
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Is this one of those "how can I cash in my pension" threads in disguise?Thinking critically since 1996....0
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