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Frozen pension
Szimaitis
Posts: 1 Newbie
Hi
I have a frozen pension at work. They are now offering an enhanced rate to move this pension. I am wanting to take 25% out this pot tax free and move the existing pot.
I want to know can I move the remaining balance of the frozen pension. To a pension I already have in place. Or what is the best advice to take
Regards
Ian
I have a frozen pension at work. They are now offering an enhanced rate to move this pension. I am wanting to take 25% out this pot tax free and move the existing pot.
I want to know can I move the remaining balance of the frozen pension. To a pension I already have in place. Or what is the best advice to take
Regards
Ian
0
Comments
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Is it a defined benefit pension (often referred to as final salary) and if so what is the transfer value?0
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Frozen has a specific meaning. It indicates a certain type of pension which does not allow the taking of 25% tax free cash by itself (it also doesnt have 25% tax free cash). Are you sure you mean it is frozen?
What type of pension is it? (one based on years of service or one that has investment funds)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.0
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