prudential with profits

stronginthesun

i know there are many different types but has anyone cashed one in lately . if so how were they to deal with and what if any was the final bonus .

McKneff

If you cash it in, you dont get a final bonus

SonOf

i know there are many different types but has anyone cashed one in lately .

yes.

. if so how were they to deal with and what if any was the final bonus .

Final bonuses acrrue daily. So, they are easily seen. And everyone will be different. Final bonuses haven't worked the way you seem to think for 30 or so years. You may have one from that era but without information, you are not going to get any useful info.

parcival

Not very lately but about 5 years ago. We had 2 of these and both times found them very efficient and we had no nasty surprises with final bonus. No unexpected MVR at last minute.

As I say it was a while ago...

OldMusicGuy

Not sure what you mean by "cashing in" (usually not a good idea and I could not "cash in" my with profits pension), but I transferred a Standard Life with profits pension to my SIPP about 3 years ago. I got the full final bonus with no MVR.

However, SL would not tell me for sure what the actual final transfer value would be. So I got my SIPP provider to request a transfer which meant SL gave them the value that would actually be transferred. My SIPP provider made sure I was informed of the actual transfer value before they actioned it so that I could decide not to go ahead if I didn't want to (eg in case a big MVR was applied). However, I got the full transfer value.

In this case my SIPP provider (Hargreaves Lansdown) was very helpful. But then they aren't cheap.....

Sharktail

Hi yes transferred from the pru to aviva via IFA approx 3 month ago no MVR applied also received final bonus up to point of transfer