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!
Transfer to NHS Pension??
mordecai46
Posts: 1 Newbie
Hello,
I received a letter from my previous company saying they are winding up their pension plan. I now have 3 options. I can swap it to my NHS pension, start a new pension with it or go onto the previous company's default arrangement. I'm worried if I put all my eggs in the same basket with the NHS that I could risk it all if the NHS gets into trouble. Or is it better to have your pension all in one place? Any advice would be gratefully received.
Thank you.
I received a letter from my previous company saying they are winding up their pension plan. I now have 3 options. I can swap it to my NHS pension, start a new pension with it or go onto the previous company's default arrangement. I'm worried if I put all my eggs in the same basket with the NHS that I could risk it all if the NHS gets into trouble. Or is it better to have your pension all in one place? Any advice would be gratefully received.
Thank you.
0
Comments
-
I'm worried if I put all my eggs in the same basket with the NHS that I could risk it all if the NHS gets into trouble.
The NHS scheme is gold plated. It is backed by the Govt. However, you can only transfer into the NHS scheme in the first 12 months of joining the schemeI 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
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.3K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259.1K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards