Pension help

ayozeperez

Has anyone been in this position before?

Left my job a few months ago and as a result was taken out of the pension scheme. Was intending to transfer the pot into my new job's pension scheme but now find myself unemployed.

So my options are to accept a refund of my contributions minus tax (and lose all of the contributions my employers made) or I can keep the entire pot if I transfer it into a new pension. Would it be worth creating my own pension pot to keep the money in for now?

Thanks

greenglide

In general it is pretty much a no brainer.

Transfer to a private pension or a stakeholder means you retain all of the employer contributions and the tax that would be deducted.

Where to move it to is another question!