Atush - I paid into a DB career average pension scheme for under a year. Cost me about £1k all told. It then ended and turned into a DC scheme. The closing statement said it would pay around £300 pa. when I retire at 65. They offered £13500 to transfer out so I did. Placed in a global equity tracker.
atush wrote: »
With just one year in, many schemes force you to transfer out (or receive your contribs back- always a bad choice).
In your case, if you were alllowed to stay in, that 300 a year would have been uprated by an inflation amount for the next 40 years. Could have been an idea to keep it.
But you've done it now, and you are still in a good position for someone your age.
What it means for your gas & electrity
What really makes a difference?
When you add £50 to gift card balance