'new pension freedom'

atush

You can quote previous posts in this thread, you just can't post links. there is a little quite box last icon on the rt in the reply box

As you didn't I can't see what NOH said, but the new rules only refer to defined contribution/money purchase pensions. Not Defined benefit/final salary type.

JennyF

what a stupid and pathetic thing to say! if you refer back to my first post, I was simply asking whether or not I might be in a situation to cash in a private pension I have from years ago early, to help my daughter buy a flat! the only reason I've ended up talking further about my situation is that I've been besieged with questions about my situation... 'how do I support myself', 'why do I want to cash in my pension early', 'how am I going to survive in later years'... I've never said ONCE how much 'I'm worth', nor am I here to talk about that... I simply have a family house that was purchased years ago when I got married, that is now worth enough for me to not need a relatively small pension (worth only £2,500 a year!), not that that is anyone's business anyway, and that this meant I can help out my daughter! I have no need or desire to discuss anything else about 'my situation'. I get asked all these questions that have little or nothing to do with my original question and then have miserable people whinge about the answers I give. get a life.

JennyF

atush wrote: »

You can quote previous posts in this thread, you just can't post links. there is a little quite box last icon on the rt in the reply box

As you didn't I can't see what NOH said, but the new rules only refer to defined contribution/money purchase pensions. Not Defined benefit/final salary type.

noh's post is the 18th one in this thread.

Vortigern

JennyF - did you mean this post from noh? It's #38 not #18

noh wrote: »

The Windsor Life Managed accumulator series 03 fund referred to, by the OP in post #34, is a unit linked fund the price of which is published here:-
https://www.reassure.co.uk/other-enquirers/Funds/Unit-Linked-Funds/Pages/Windsor-Life-Unit-Linked-Funds.aspx

JennyF

Vortigern wrote: »

JennyF - did you mean this post from noh? It's #38 not #18

yep that's the one. typo!

Vortigern

JennyF wrote: »

yep that's the one. typo!

I don't think noh was trying to make a point, just fleshing out the info you gave in #34 and perhaps enabling you to calculate an up-to-date value for your fund.

JennyF

Vortigern wrote: »

I don't think noh was trying to make a point, just fleshing out the info you gave in #34 and perhaps enabling you to calculate an up-to-date value for your fund.

well it's still all greek to me - I'll call the pension advisory service tomorrow as well as my provider and see how I get on, thanks.

noh

I posted that info for clarification.
There was some confusion earlier in the thread about what type of pension plan you had, with profits or unit linked.
If the information you have given is correct then you have a unit linked plan.
Its transfer value should simply be the bid price of a unit multiplied by the number of units you hold. If that is the transfer value you are quoted then you are losing nothing by transferring.

JennyF

noh wrote: »

I posted that info for clarification.
There was some confusion earlier in the thread about what type of pension plan you had, with profits or unit linked.
If the information you have given is correct then you have a unit linked plan.
Its transfer value should simply be the bid price of a unit multiplied by the number of units you hold. If that is the transfer value you are quoted then you are losing nothing by transferring.

am I correct in assuming that by transferring, I will quite likely have to pay some sort of early redemption fee not only once, but twice? the fee for transferring to another provider currently stands at around £1,500. if I transfer to another provider, I'll have to pay that fee, PLUS another early redemption fee to the new provider I've transferred to once I cash in 25% prior to April 2015? again sorry if that question sounds rather uninformed, but that's because it is!

atush

JennyF wrote: »

noh's post is the 18th one in this thread.

Which is Not available on page 2 hence you should use the quote box?