Transferring a small NEST pension

RobStaffs

I have a very small  Nest pension with a transfer value of £1297.  I am 58 and considering transferring it to either but Civil Service Pension or my larger private pension scheme. The former I have only been in since April 2019 and the latter is one I have been contributing to for many years. Its a unit lifestyle pension which is about to move to a less risky structure. Does anyone see any negatives in transferring such a small pension pot to either scheme? Thanks. 

mark55man

Hello - just bumping this as you don't seem to have had any replies.

If you can transfer in to civil service and get defined benefits in return that would be a pretty good result.  Consult your administrator.  Usually you have to be an active member to transfer in to such a scheme so not sure if you are currently or ex civil service 

QrizB

I recall reading that you can only transfer funds into some public sector pensions within the first 12 months of joining. This might throw a spanner in the works?

[Deleted User]

With it being only £1297 you could take it all as a "small pot" and just do a voluntary contribution for this amount to another bigger pension.

Albermarle

Deleted User said:

With it being only £1297 you could take it all as a "small pot" and just do a voluntary contribution for this amount to another bigger pension.

This should be OK, assuming Nest allow withdrawals under the 'small pot rule'.
However probably just as easy to ask the current pension provider to transfer it in . If in cash it usually works quite smoothly.