Private Pension Contributions

JamesPL

Albermarle said:

JamesPL said:

Dazed_and_C0nfused said:

JamesPL said:

QrizB said:

JamesPL said:

..., I'll take the 25% tax free (after paying the 3% charge) ...

Who is charging you 3%, and what exactly do you get for it?

my pension is with Weslyan, they charge 3% to change it to a 'flexible' pension

How much is it to transfer it to a different provider?

I don't know, I've just messaged them

Just for info. It is normally very easy nowadays to open a new pension online and transfer another pension into it for zero cost. 
However I think Wesleyan are one of the more old style providers ( as can be seen by them charging 3% for you to access your pension)  so maybe there will be a charge.
At least one of the pension providers often mentioned on this forum ( Fidelity) will refund any exit charges if you transfer to them, although others may also do the same ( I don't know ) . 

Hello, as you can see above, it appears there's no charge

ali_bear

JamesPL said:

Hello, looks like theres no charge, here's my answer

Good morning, There are no penalties or fees for transferring your pension to another provider. If you wish to do so, please contact the other provider and instruct that they send us Pension transfer request via Origo.

That is the standard way of transferring. Now you can shop around for a new provider.