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Transferring pension into Nest
Soundgirlrocks
Posts: 746 Forumite
Several years ago (2003) when I was feeling incredible sensible for a 21 year I started paying into a workplace pension with Legal & General. I stopped after a few years later when I was made redundant, then went freelance and never got round to paying in again.
Fast forward and I'm back working for a company, regular money, mortgage etc. Work started us all on the NEST pension scheme and I like that its easy to manage online and pay in a bit more as and when.
I'm thinking of transferring the old pension to Nest, the last annual statement said there was about £7.5k in there. My logic is that its easier to keep track of it all in one pot. There aren't any specific benefits as far as I can tell from the L&G pension.
I'm aware I need to start paying more attention to pensions and future planning. I'm in a fortunate position where I could relocate and be mortgage free in the next 5 years, but if I do that it will be to raising a family alone so planning head with that in mind (and possibly limited future earning capacity whilst any children where small), although it could all change if I meet a significant other who wants a family too
Are there any advantages to keeping the two pots separate?
Fast forward and I'm back working for a company, regular money, mortgage etc. Work started us all on the NEST pension scheme and I like that its easy to manage online and pay in a bit more as and when.
I'm thinking of transferring the old pension to Nest, the last annual statement said there was about £7.5k in there. My logic is that its easier to keep track of it all in one pot. There aren't any specific benefits as far as I can tell from the L&G pension.
I'm aware I need to start paying more attention to pensions and future planning. I'm in a fortunate position where I could relocate and be mortgage free in the next 5 years, but if I do that it will be to raising a family alone so planning head with that in mind (and possibly limited future earning capacity whilst any children where small), although it could all change if I meet a significant other who wants a family too
Are there any advantages to keeping the two pots separate?
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