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Transfer pension fund into an isa?
funnymonkey
Posts: 260 Forumite
Hello.
I was wondering if it is at all possible to transfer a pension fund into a stocks and shares isa as my isa is giving a far better return than my pension plan.
I'm below the 55 year old threshold to simply withdraw the pension fund.
Thank you
I was wondering if it is at all possible to transfer a pension fund into a stocks and shares isa as my isa is giving a far better return than my pension plan.
I'm below the 55 year old threshold to simply withdraw the pension fund.
Thank you
0
Comments
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No you can't.
But it's not the Product that's giving you a better return, it's the investments within it. I'm sure there's an option to change your pension investments to mirror those found in your ISA?0 -
I was wondering if it is at all possible to transfer a pension fund into a stocks and shares isa as my isa is giving a far better return than my pension plan.
That is not logical. Pensions and ISAs share the same investment options. So, if you have the same investments in both, the returns should be identical. Pensions are slightly more tax efficient so actually, the most likely outcome is that you should be putting your ISA into a pension (assuming all other things equal).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.0 -
funnymonkey wrote: »Hello.
I was wondering if it is at all possible to transfer a pension fund into a stocks and shares isa as my isa is giving a far better return than my pension plan.
I'm below the 55 year old threshold to simply withdraw the pension fund.
Thank you
Who is your pension fund with, and what it it invested in, and same for your isa.
It may be possible to change or transfer your pension to match the investments in your isa, whether that is advisable is a different matter.0
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