to move or not to move?

coffeemonster*123

Hubby has a pension of @ 25 years (contracted out) with well known provider....
...changed job, now firefighter. He has opportunity to move pension to fire service pension. Advise appreciated if this is a good idea?
thanks:D

jem16

coffeemonster*123 wrote: »

Hubby has a pension of @ 25 years (contracted out) with well known provider....
...changed job, now firefighter. He has opportunity to move pension to fire service pension. Advise appreciated if this is a good idea?
thanks:D

It can be.

What kind of pension is it? If final salary then you would need to compare both schemes.

If it's a money purchase scheme - ie Personal Pension, Stakeholder - what is the current value and how many years would it buy in the firefighters' scheme?

coffeemonster*123

they say its @ 45k and would buy 6 years of pension.
Does that make any sense?