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
Want to become a Forum Ambassador? Visit the Community Noticeboard for details on how to apply
Need Advise On Pension
lcp03o2
Posts: 1 Newbie
Hi
I need advise on what to do with my pensions. I use to work for "Company 1" and I paid in to a pension. I have left "Company 1" and they transfered my pension to retiready. My money is now sitting in retiready doing nothing (I am not paying in to it) infact retiready are charging me £2 a month for an admin charge.
I am now working for "Company 2" where I have a pension that I am paying in to.
My question is what should I do with the retiready pension? Would there be any benefit in paying in to this pension? Should I close this pension? If I close shall I transfer to my pension with "Company 2" ?
I am also considering opening a life time isa, Should I put the retiready money in to there?
Thanks
I need advise on what to do with my pensions. I use to work for "Company 1" and I paid in to a pension. I have left "Company 1" and they transfered my pension to retiready. My money is now sitting in retiready doing nothing (I am not paying in to it) infact retiready are charging me £2 a month for an admin charge.
I am now working for "Company 2" where I have a pension that I am paying in to.
My question is what should I do with the retiready pension? Would there be any benefit in paying in to this pension? Should I close this pension? If I close shall I transfer to my pension with "Company 2" ?
I am also considering opening a life time isa, Should I put the retiready money in to there?
Thanks
0
Comments
-
My money is now sitting in retiready doing nothing
Is it not invested?infact retiready are charging me £2 a month for an admin charge.
Nothing is free.Would there be any benefit in paying in to this pension?
Possibly. Or maybe company 2 is better to use.
you cantShould I close this pension?
Transfer or keep are your only options.If I close shall I transfer to my pension with "Company 2" ?
you cant.I am also considering opening a life time isa, Should I put the retiready money in to there?
You can consolidate the pension with the other one or use another provider or keep it where it is.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.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.9K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.2K Spending & Discounts
- 246.9K Work, Benefits & Business
- 603.5K Mortgages, Homes & Bills
- 178.3K Life & Family
- 261K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards