We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 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!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
Frozen Pensions, is it worth shifting them?
malifax_2
Posts: 57 Forumite
Hi
I have several frozen pensions all worth about 2-3k each total giving yearly pensions of between £52 and £150. I am currentely working and been paying into a Scottish Widows plan through work. I have been in the plan 6 years and hopefully will be for a while longer. Is it worth transferring the Co-op, BCE, BP etc pensions into one pot?
I have several frozen pensions all worth about 2-3k each total giving yearly pensions of between £52 and £150. I am currentely working and been paying into a Scottish Widows plan through work. I have been in the plan 6 years and hopefully will be for a while longer. Is it worth transferring the Co-op, BCE, BP etc pensions into one pot?
0
Comments
-
Ok, fordst off they aren't 'frozen, that means soemthing different. They are Paid up.
Second, are any of the pensions the Final Salary DB type? If so leave them as they are, but get up to date statements.
Third, do any of the pensions have any guarantees attached such as GMP or GARs? If yes, you may want to leave them.
Forth, check the charges if you leave them and the performance and funds available. Compare these with the SW plan. If the answer to 3 is no, then if the SW plan is better you could transfer them.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards