Pension info needed.

PAUL67

Hi,

A few years ago i opted out of the State Second Pension and the contributions put in a private pension through my employer.

I receive statements from the provider Royal London Plus annually with the last statement showing a transfer figure of £21.375.00.

Am i right in assuming that no further money will be paid into said pension due to to everyone been opted back in to the new state pension?

Secondly can I transfer this pension pot to another pension. I am currently paying into a workplace pension with Nest so could I add said amount to the Nest pension Pot for example.

I look forward to your comments

atush

Yes if you are contracted in now, no more will go in.

While you can transfer into NEST, I would not advise doing so.

xylophone

It would appear that at the moment, you cannot transfer in to NEST but this may change.

https://www.moneyadviceservice.org.uk/en/articles/nest-pensions

http://www.ft.com/cms/s/0/23f8d51a-374f-11e4-b45c-00144feabdc0.html#axzz3W4DZyjEJ

With regard to NI rebates, these ceased in 2012.

A transfer out should be possible - why do you wish to do this?

Have you compared costs, options etc?