Help with small pension - should it be transferred

gazza975526570

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?

bigadaj

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.