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very small amount in old pension plan
francesgibbo
Posts: 1 Newbie
i have literally £500 in a Standard life stakeholder pension plan (only in the job a couple of months). can I cash it in or should I transfer to my current SIPP that I currently have or just leave it. an anticipated yearly pension of £18 doesn't make sense.
0
Comments
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How old are you? Do you want to keep putting money into pension of over 10K?
If you take the pot at 55, from next month 75% is taxed and will trigger a reduction in your allowance to 10K PA. If you are under 60 you can't take it until the 6th.
If you dont need the money, or are under 55, transfer it.0
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