Pension help

KJMH

I have just turned 55 and have a couple of very small pensions as a result of opting out of SERPS in my 20s. I stopped paying into these some years ago and as they are such small amounts I don't know whether to leave them where they are or to withdraw both amounts and maybe put them elsewhere. Anyone in the same boat?:think::think:

Linton

Why would you want to put the somewhere? Why do you think they arent perfectly OK where they are? If they are so small to be trivial you might as well take them as spare cash, but I see no point in moving them out of a pension environment just to put them into a savings account/ISA etc. One option perhaps could be to transfer them to another existing pension.

You may find they have guarantees which make them worthwhile continuing to hold.