We'd like to remind Forumites to please avoid political debate on the Forum... Read More »
We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Help with small pension - should it be transferred
Options
gazza975526570
Posts: 3,275 Forumite
My Wife worked part time for a number of years and has the following in that pension - Fund Value today of 7277.31, projected fund of 12700.
She now works for the council and has been told she would benefit to the sum of 2 years and 2says transfer credit if she transferred
She is 42 now - which is the better of the two options would you say?
She now works for the council and has been told she would benefit to the sum of 2 years and 2says transfer credit if she transferred
She is 42 now - which is the better of the two options would you say?
0
Comments
-
Probably best to transfer the projected sum would generate only say £400 per year as an annuity and you could squeeze a bit more in drawdown, maybe £600.
Compare this with what the council pension will pay out for the accrued years, you need to say what she earns and the accrual rate.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 350.8K Banking & Borrowing
- 253K Reduce Debt & Boost Income
- 453.5K Spending & Discounts
- 243.8K Work, Benefits & Business
- 598.6K Mortgages, Homes & Bills
- 176.8K Life & Family
- 257.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.6K Read-Only Boards