Ex Airman Pension Queries

stewartbri

xylophone said:

Do you mean that you have a stakeholder with SW and another pension with SW and a L&G pension?

You also have a deferred RAF pension?

You are just about to be enrolled into NEST?

And what is shown on your State Pension forecast

at "estimate to 5/4/23"?

You also have a deferred RAF pension?

My RAF Pension is a Scottish Widows Pension, I also have a previous workplace pension with Scottish Widows with almost £50K in it. My current employers ive only been with for 2 years, that pension is with L&G but only has 8K in it. so pretty useless on its own lets be honest.

You are just about to be enrolled into NEST?

Yes, my company has lots its contract to the client, we will TUPE to the new company who run a NEST pension scheme

xylophone

You have a deferred Defined Benefit  Scheme RAF pension.

It is revaluing each year in deferment and will increase each year in payment

A transfer out of this pension to a stakeholder/personal pension/SIPP (all Defined Contribution Schemes)   would not be permitted.



Then you have a Scottish Widows stakeholder, a Scottish Widows personal pension and an L& G personal pension.


You could leave these exactly as they are.

You could request SW to transfer your SW stakeholder into your SW personal  pension (or the other way about). You could

request SW to organise a transfer in of L&G to either of the SW pensions.

You could request L&G to transfer both or either of your SW pensions into L&G.

You could open a SIPP and request the provider to transfer in all three of the DC pensions.

Once your new NEST pension is open, you could request NEST to transfer in any or all of SW and L&G.


One option which might suit is to combine the SW pensions and to request the transfer in of L&G to NEST?