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Pension
wizzasmum_2
Posts: 21 Forumite
I have a small pension payment of £11,000 maturing this month. Where is the best place to put it until needed?
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Comments
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May I suggest you try the pensions etc forum too?Free the dunston one next time too.0
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I have a small pension payment of £11,000 maturing this month. Where is the best place to put it until needed?
Pensions can mature between age 55 and 75 (bar special allowances). So, if you are not 75, then leaving it in the pension may be best. It can remain there tax free and outside of your estate continuing to be subject to investment returns until you do need it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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