Can I transfer NEST?

Brie

Hey all

I'm about to start a new job and the pension on offer is with NEST.  I pay in 2% and the new employer pays in 6%.  I'm all for getting every bit I can from an employer so am assuming this is the right thing to do.  But.

I'm also in receipt of one pension and am about to transfer a couple of other work pensions to set up a drawdown fund.  Now assuming I work for this employer for a couple of years (unlikely to be much longer) I might end up with about £1k in the NEST.  Will I then simply be able to move this into my drawdown pension fund?  Or will I have to take a payment/pension directly from NEST.  I'll be above SPA at that point.

El_Torro

There’s no problem with moving pensions around as you suggest. 

One thing to bear in mind is that you are limited to how much you can pay into a pension when you are already drawing down. The current limit is £4k a year, which from what you say is fine for you. You also need to be under 75 years old. 

Brie

Thanks @El_Torro
Yes under 75 (for the next decade at least) and it's a low wage part time job so well under £4k.

Just wanted to ensure I would get some small benefit from it eventually.