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Work pension and a SIPP

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  • peterg1965
    peterg1965 Posts: 2,164 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I just thought I would post up the result of the email exchange with my Company Pension administrator for my Company DC Pension with Standard Life.

    I asked whether I could do partial transfers out to my SIPP whilst still remaining in the Scheme. The answer was a categoric NO. Any transfers out whilst still working for the Business would result in my exit from the Pension scheme. It's a FTSE 100 Company.

    So, I wait until I finish and then transfer!
  • dunstonh
    dunstonh Posts: 119,701 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    With occupational pensions, that is often the case. it is group schemes where you find there is usually more scope for them to do it.
    I 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.
  • jamesd
    jamesd Posts: 26,103 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    peterg1965 wrote: »
    I asked whether I could do partial transfers out to my SIPP whilst still remaining in the Scheme. The answer was a categoric NO. Any transfers out whilst still working for the Business would result in my exit from the Pension scheme.
    When would the next opportunity to enrol be after that exit?
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