Transferring a final salary pension.

Notnewnotold

Scallypud said:

As soulsaver said find out the transfer value. 
I has a final salary worth £7900 but i recently transferred mine to the value of 245K  '
Worth thinking about

A 31x multiplier sounds a long way off a great deal to me (I turned down an option to transfer a DB pension at 45x after what I'd read on here) but presumably there are reasons why that transfer was suitable for you...

Marcon

Scallypud said:

As soulsaver said find out the transfer value. 
I has a final salary worth £7900 but i recently transferred mine to the value of 245K  '
Worth thinking about

So you have no dependants, plenty of other savings, short life expectancy...in which case it might have been a reasonable decision, but it'll be years before you find out.

Joey_Soap

Marcon said:

Scallypud said:

As soulsaver said find out the transfer value. 
I has a final salary worth £7900 but i recently transferred mine to the value of 245K  '
Worth thinking about

So you have no dependants, plenty of other savings, short life expectancy...in which case it might have been a reasonable decision, but it'll be years before you find out.

There's every likelihood that's going to be a bad decision. I am glad it's not me who will be having the future worries about it.