I stopped paying a pension 5 years ago, how easy is it to transfer this to another account and what are the options - HotUKDeals
We use cookie files to improve site functionality and personalisation. By continuing to use HUKD, you accept our cookie and privacy policy.
Get the HUKD app free at Google Play

Search Error

An error occurred when searching, please try again!

Login / Sign UpSubmit

I stopped paying a pension 5 years ago, how easy is it to transfer this to another account and what are the options

garbage456 Avatar
7y, 6m agoPosted 7 years, 6 months ago
i have tried google searching but to no avail, basically i stopped paying into a pension 5 years ago and just realised that i need to start paying into 1 again, so i need any ideas please that you have.
thanks in advance
garbage456 Avatar
7y, 6m agoPosted 7 years, 6 months ago
Options

All Comments

(6) Jump to unreadPost a comment
Comments/page:
#1
You can restart the one you've got. or start another one with someone else and transfer the funds from the old one into the new one.

Its worth talking to an advise at a bank to see what options you have available...
#2
steve1221
You can restart the one you've got. or start another one with someone else and transfer the funds from the old one into the new one.

Its worth talking to an advise at a bank to see what options you have available...


Hmmmm, i'd stronlg advise you not to use banks for financial advice, ever, even the ones that have independent advisers in (like Barclays - see This is Money website for problems exposed by ex-advisers at Barclays)

If its just a personal pension there is no reason you cant use the same company and pay in there - if you transfer an adviser would take commission. There are capped charges on pensions anyway so no provider can charge more than another as a maximum so no major reason for moving your pensions around these days
#3
http://news.bbc.co.uk/1/hi/programmes/moneybox/8085356.stm
Link for moneybox live on subject of pensions. You can listen to the programme or download a transcript of it
#4
You can manage it yourself by transferring it to a SIPP http://www.h-l.co.uk/pensions/Transfer-to-the-Vantage-SIPP
#5
be wary of SIPP's though - really designed for experienced investors wanting to buy commercial property or direct share investments - advisers love the idea of them for normal pension people but there is really no advantage for the majority of us
#6
You need to speak to an IFA, get a recommendation from a friend etc.

Post a Comment

You don't need an account to leave a comment. Just enter your email address. We'll keep it private.

...OR log in with your social account

...OR comment using your social account

Thanks for your comment! Keep it up!
We just need to have a quick look and it will be live soon.
The community is happy to hear your opinion! Keep contributing!