Pension Dilema

edited 30 November -1 at 1:00AM in Pensions, Annuities & Retirement Planning
1 reply 665 views
tosh1_2tosh1_2 Forumite
1 Post
Ive had to come out of my final salary scheme in December and have just got my figure from the pension trustees. My dilema is, ive also got a stakeholder pension with the Pru, the Pru will accept my transfer value, but am unsure if this is the right thing to do. Id appreciate some advice if you can help.

Replies

  • dunstonhdunstonh Forumite
    106.7K Posts
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    ✭✭✭✭✭✭
    Dont even attempt this yourself. Pru probably wont accept it anyway without advice.

    Most final salary schemes are better off being left where they are unless you happen to have another final salary scheme to move them into and the terms are good. There are exceptions to this but you are only going to get generalisations without further investigations taking place.
    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.
This discussion has been closed.
Latest MSE News and Guides

Energy price cap could be extended beyond 2023

New plans have just been announced by the Government

MSE News

Cheap contents insurance for tenants

DON'T assume your landlord covers you

MSE Guides

Summer sizzlers round-up

Incl £2ish sun cream & £1.50 disposable BBQs

MSE Deals