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Previous pension or SIPP
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benmacdui
Posts: 8 Forumite
Some advice please.
A company I worked for went into liquidation last year. The pension scheme is fine and was kept up to date. Legal and General scheme.
I worked for a new company for about 4 months and accumulated some pension benefit. This must be transfered in the next couple of months or it will be lost.
The new company I work for has no scheme in place (yet). My question is to whether to transfer the accumulated funds to the old L & G scheme or start a SIPP - putting in the old, recent and contribute going forward.
Thanks.
A company I worked for went into liquidation last year. The pension scheme is fine and was kept up to date. Legal and General scheme.
I worked for a new company for about 4 months and accumulated some pension benefit. This must be transfered in the next couple of months or it will be lost.
The new company I work for has no scheme in place (yet). My question is to whether to transfer the accumulated funds to the old L & G scheme or start a SIPP - putting in the old, recent and contribute going forward.
Thanks.
0
Comments
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My question is to whether to transfer the accumulated funds to the old L & G scheme or start a SIPP
Your choice is to transfer it to L&G, a stakeholder pension, personal pension or SIPP. You appear to have eliminated stakeholder and personal pension. So, what is it about the L&G or SIPP that appeals to you that caused you to eliminate the other options?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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