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Amalgamating pensions..any hoops to jump through?

vivvov

vivvov Posts: 119 Forumite

Part of the Furniture

10 Posts

Combo Breaker

12 July 2018 at 12:29PM in Pensions, annuities & retirement planning

Hello All

I've 3 smallish pension pots from previous employers.
FriendsLife/Aviva..approx £25k transfer value.
FriendsLife/Aviva..approx £2k transfer value
FriendsLife Aviva..approx £45k transfer value
Aegon/Retiready..approx £6k transfer value

If I choose to transfer all into a SIPPS is there any regs/ criteria I need to comply to?

Thanks in advance.

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Comments

Joey_Soap Posts: 410 Forumite

12 July 2018 at 12:54PM

Nope, just fill in the forms from your SIPP provider, sit back and enjoy the summer weather.

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dunstonh Posts: 120,029 Forumite

12 July 2018 at 1:31PM

Do any of the plans have any safeguarded benefits or transitional reliefs?

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.

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wjr4 Posts: 1,309 Forumite

12 July 2018 at 1:45PM

Joey_Soap wrote: »

Nope, just fill in the forms from your SIPP provider, sit back and enjoy the summer weather.

Apart from finding out what you need to know about the existing plans like charges, details of guarantees, protected PCLS etc. etc.

I am an Independent Financial Adviser (IFA). Any posts on here are for information and discussion purposes only and should not be seen as financial advice.
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mgdavid Posts: 6,710 Forumite

12 July 2018 at 4:11PM

I'd check all your sums carefully - as you say 3 pensions and go on to list 4!

The questions that get the best answers are the questions that give most detail....
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