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Civil Service Pension - Transfer Out and Retire Early?

TJB24 · 2019-01-21 12:41:31

Afternoon All, I'm a 24 year old Civil Servant, with five years contributions into the Alpha scheme, which is a career-average DC scheme. I'm trying to work out my long-term financial plans, and in particular get my head around pensions on the mantra that if I start now it will be a lot easier than when I get there.…

Comments

GunJack Posts: 11,979 Forumite

21 January 2019 at 3:26PM edited 21 January 2019 at 3:40PM

You may be better off putting your ISA money into a SIPP to get the tax relief.....

You are also misunderstanding your current scheme - Alpha is a Defined Benefit scheme, Partnership is the CS DC scheme.

......Gettin' There, Wherever There is......

I have a dodgy "i" key, so ignore spelling errors due to "i" issues, ...I blame Apple
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