We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Pensions - should i transfer out or keep as has big final bonus ?
hugebigfeet
Posts: 1 Newbie
with profits Aviva pension.
fund value 30k but transfer value 70k
Not paid in it for years.
Should I transfer out or is it a really good deal and i should keep it and even transfer in other tiny pensions i have also idle.
fund value 30k but transfer value 70k
Not paid in it for years.
Should I transfer out or is it a really good deal and i should keep it and even transfer in other tiny pensions i have also idle.
0
Comments
-
Transfer values include the final bonus accrued to date. Unless it's a conventional with-profits plan, there won't be a jump at the scheme age.
Its unlikely you will be able to transfer plans into it. Some legacy plans do allow it but most do not and in most cases, its not a good idea to. (exceptions to the rule applies)I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.2
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.4K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.4K Spending & Discounts
- 247.3K Work, Benefits & Business
- 604K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards