Santander Retirement Investment Account - Moving Funds Elsewhere

dunstonh

IIUYC:
1) She won’t be able to make further contributions to this plan?
2) She will have to wait until she is 55 before taking this money without penalty; however she will be able to take an amount greater than 25% out tax free? Do you know what this percentage will be?

I can only say on the plan i looked at. These things tend to have versions over the years and you can never assume the version you have unless you have the details in front of you.

The one I saw had 100% TFC entitlement at 60 IIRC and was closed for increments.

wary

xylophone wrote: »

Is there no original paperwork relating to the plan?

Was there no contact from the company when PR ended?

If you have a statement you have a contact number/address? Your wife could ask for up to date information as to her options?

http://www.boarddigger.com/t-yTE4U1YjpPp/Pensions-Annuities-Retirement-Planning-Pension-Help-Please# There seem to have been quite a few queries about this product over the years.

Thanks for the various links. Unfortunately her paperwork I'm able to retrieve is scant. I'm not very informed myself when it comes to investments & pensions, but for her to discuss with an advisor would be like having a conversation in Chinese. Hence I was trying to find out what I can myself about this product.

I think you're right though in that we need to go to the provider to determine what the options are.

Cheers.