Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • Suejt
    • By Suejt 16th Sep 17, 10:30 AM
    • 8Posts
    • 1Thanks
    Suejt
    Old pension
    • #1
    • 16th Sep 17, 10:30 AM
    Old pension 16th Sep 17 at 10:30 AM
    My partner has just received information about a pension he paid into about 20 years ago. Basic question is it best to leave it where it is or should we be transferring it to his current employer pension scheme
Page 1
    • dunstonh
    • By dunstonh 16th Sep 17, 11:20 AM
    • 93,425 Posts
    • 60,948 Thanks
    dunstonh
    • #2
    • 16th Sep 17, 11:20 AM
    • #2
    • 16th Sep 17, 11:20 AM
    Basic question is it best to leave it where it is or should we be transferring it to his current employer pension scheme
    its not a basic question.

    If it is better where it is then it should be left there. If it is better to transfer it to the current employer scheme (or another option) then it should be transferred.

    However, as we do not know anything about the existing pension or the proposed pension, we cannot say what option is best.
    I am an Independent Financial Adviser (IFA). Comments are for discussion purposes only. They are not financial advice. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
    • atush
    • By atush 16th Sep 17, 11:24 AM
    • 16,880 Posts
    • 10,534 Thanks
    atush
    • #3
    • 16th Sep 17, 11:24 AM
    • #3
    • 16th Sep 17, 11:24 AM
    You didnt give us enough information to answer your not so basic question.

    but if a DB/final salary type i'd think it best to leave it, and if the old pension has guaranteed benefits like GAR or GMP then also best to leave it.
    • xylophone
    • By xylophone 16th Sep 17, 12:34 PM
    • 25,774 Posts
    • 15,229 Thanks
    xylophone
    • #4
    • 16th Sep 17, 12:34 PM
    • #4
    • 16th Sep 17, 12:34 PM
    What kind of pension is the old pension?

    DB/DC?

    Any safeguarded benefits?

    http://adviser.royallondon.com/technical-central/pensions/transfers/safeguarded-benefits/
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

4,069Posts Today

4,983Users online

Martin's Twitter