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what to do with a number of small pot pensions

Last post Mon, Feb 13 2012, 8:17 PM by newforester. 1 replies.
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  •  Mon, Feb 13 2012, 8:17 PM

    Re: what to do with a number of small pot pensions

    I don't know a great deal about pensions, however I know enough to say this:

    each pension scheme would need to be reviewed separately, as the costs/fees of transferring are likely different, and it could be worthwhile transferring some but not others;

    more importantly - go and see a pension specialist for professional advice - a mistake now could cost you thousands at retirement !!!!!

    • Post Points: 17
  •  Mon, Feb 13 2012, 3:29 PM

    what to do with a number of small pot pensions

    hi all

    i have recently started a new job in the public sector with a decent pension scheme. I have around 4 or so pension schemes with previous employers and my combined contributionals totla up at about 10-15k

    my question is what to do next?

    would you recommend cashing them in or transferring them across to my new pension scheme? I have been told that cashing them in qill cost me a lot of money and transferring them across to my new pension scheme will be an incredibly convoluted proces that'll still cost me a fee

    is this information correct?

    • Post Points: 20