Is there a transfer cost

minty777

Is there a charge to transfer a defered DB pension into another employers DC pension?

xylophone

You have a deferred DB pension?

It is not with an unfunded public sector scheme?

You have obtained a transfer value?

Is it over £30,000?

minty777

xylophone wrote: »

You have a deferred DB pension? YES

It is not with an unfunded public sector scheme? NO

You have obtained a transfer value? NOT YET

Is it over £30,000? IT WILL BE FAR OVER

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xylophone

You will need to obtain (and pay for) the advice of a Pension Transfer Specialist.

The PTS may or may not give a positive recommendation.

You need to check with the DC scheme whether a transfer in would be accepted, whether or not the PTS gives a positive recommendation.

https://www.moneyadviceservice.org.uk/en/articles/transferring-out-of-a-defined-benefit-pension-scheme

http://www.pruadviser.co.uk/content/knowledge/technical-centre/pension_transfer_conversion/