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
Transfer from DB to DC recommendation
Comments
-
maupertius said:I'm still 25 years away from retirement age and I have most of my pension in a Defined Contribution (DC) scheme. However, I do have a small pot from a previous job (£3k lump sum, £1.2k/year benefit) in a Defined Benefit (DB) scheme. Can somebody with some experience on pension (I have none) shine some lights on the pro and cons of transferring? The only reason I would do the transfer is to have everything in one place to minimise red tape, as I tend to change address frequently and don't exclude the possibility of moving abroad before retirement age.This may help. Note point 8.
0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.6K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.7K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards