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Transfer pension pot in this climate?

Rony · 2020-06-25 11:47:43

Hi all, So I have like 3 pension pots from my 3 jobs dating back about 7 years. They are all DC pension pots and have no fees/charges to transfer. I want to transfer all pots into my current one with my employer to streamline my pension. My question is more about investments and whether it is a bad time to transfer?…

Comments

mark55man Posts: 8,221 Forumite

26 June 2020 at 5:43PM

Rony

Dunstonh is right (as always) in pension terms crystallising means beginning the process of taking money out of your pension (normally some of the 25% tax free sum). Not a statement about loss or profit

You were using the term in its non specialist sense, ie a loss/profit isnt crystallised until you sell the investment and it stops being a "paper" value

I think I saw you in an ice cream parlour
Drinking milk shakes, cold and long
Smiling and waving and looking so fine
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