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Worth transferring pensions

louloubelle79
louloubelle79 Posts: 411 Forumite
100 Posts
edited 15 October 2017 at 9:55AM in Pensions, annuities & retirement planning
I have a NHS pension at present, although some other small pots from previous employers. Don't know if to transfer these into one other pot???

1-Friends life ((Aviva) Aug 2017) black rock consensus / secure growth total £8968.40 or transferable £8514.39

2-Friends life (Aug 17) A/A £ 75.77

Charges (0.5%) each fund

3- people's pension B&CE GI £580.80 total (0.5% yearly charge)

Shall I leave them alone or considering moving?

Thank you :money:

Comments

  • xylophone
    xylophone Posts: 45,910 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    https://www.pru.co.uk/pdf/AVCK0433.pdf

    Would it be worth considering a transfer in to an NHS AVC to keep flexibility?
  • louloubelle79
    louloubelle79 Posts: 411 Forumite
    100 Posts
    Thank you will look into this
  • dunstonh
    dunstonh Posts: 120,889 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    How long have you worked for the NHS? (there is a time limit on transfers).

    Which NHS pension is it that you are in?
    When are you looking to retire? if early, what are your plans to fund that?
    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.
  • louloubelle79
    louloubelle79 Posts: 411 Forumite
    100 Posts
    Hi
    I only have a few years, couple years in 2008 then left to have kids. Now a couple years in 2015 scheme. Not planning to retire early.
  • louloubelle79
    louloubelle79 Posts: 411 Forumite
    100 Posts
    I have set up AVC with Prudential, would you still say to transfer 3 small pension pots from first post into this pension pot?
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    louloubelle79 wrote: »
    I have set up AVC with Prudential, would you still say to transfer 3 small pension pots from first post into this pension pot?

    To which of your NHS schemes would the AVCs be attached?
    Free the dunston one next time too.
  • louloubelle79
    louloubelle79 Posts: 411 Forumite
    100 Posts
    kidmugsy wrote: »
    To which of your NHS schemes would the AVCs be attached?

    The 2015 scheme although have a couple years in 2008 scheme but left to have my children then went back 2016.
  • louloubelle79
    louloubelle79 Posts: 411 Forumite
    100 Posts
    kidmugsy wrote: »
    To which of your NHS schemes would the AVCs be attached?

    Hi have transfer forms, worth transferring into AVC account or leave be?
  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Suppose you transfer to AVCs. Is it possible to transfer out again if you want to?
    Free the dunston one next time too.
  • xylophone
    xylophone Posts: 45,910 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Suppose you transfer to AVCs. Is it possible to transfer out again if you want to?

    Information linked in my previous.
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