Stakeholder Pension transfer

JamesPL

Hello all, thanks for reading this,  I've got a stakeholder pension worth around £100k, I'd like to transfer it to a flexible pension where I won't get charged 3% foir taking the tax free drawdown and can set how much I recieve each month after. My intention is to transfer it in October 2025 and leave it there for a year.

JoeCrystal

Any typical DIY pension provider should be able to do that for you.

Marcon

JamesPL said:

Hello all, thanks for reading this,  I've got a stakeholder pension worth around £100k, I'd like to transfer it to a flexible pension where I won't get charged 3% foir taking the tax free drawdown and can set how much I recieve each month after. My intention is to transfer it in October 2025 and leave it there for a year.

Do you have a question? Sounds as if you've got your plan sorted out.

JamesPL

Marcon said:

JamesPL said:

Hello all, thanks for reading this,  I've got a stakeholder pension worth around £100k, I'd like to transfer it to a flexible pension where I won't get charged 3% foir taking the tax free drawdown and can set how much I recieve each month after. My intention is to transfer it in October 2025 and leave it there for a year.

Do you have a question? Sounds as if you've got your plan sorted out.

Yes, sorry I was meaning to ask if anyone could recommend a pension provider to transfer it to

Marcon

JamesPL said:

Marcon said:

JamesPL said:

Hello all, thanks for reading this,  I've got a stakeholder pension worth around £100k, I'd like to transfer it to a flexible pension where I won't get charged 3% foir taking the tax free drawdown and can set how much I recieve each month after. My intention is to transfer it in October 2025 and leave it there for a year.

Do you have a question? Sounds as if you've got your plan sorted out.

Yes, sorry I was meaning to ask if anyone could recommend a pension provider to transfer it to

Any modern personal pension contract should do the trick. Have a look at https://www.moneysavingexpert.com/savings/cheap-sipps/

dunstonh

 I'd like to transfer it to a flexible pension where I won't get charged 3% foir taking the tax free drawdown

Stakeholder pensions don't have a 3% charge for taking flexible benefits.   However, most stakeholder don't support flexible benefits other then UFPLS.

Yes, sorry I was meaning to ask if anyone could recommend a pension provider to transfer it to

Most modern pensions offer this functionality.

xylophone

Before you commence drawing your pension, you might find it helpful to take a Pensionwise  appointment.

https://www.moneyhelper.org.uk/en/pensions-and-retirement/pension-wise/book-a-free-pension-wise-appointment