You down play the biggest benefit of a CETV transfer which is that the pension pot becomes mine when I transfer. This means my heirs inherit the whole pot should I die. If I stay in the DB scheme my wife only gets half when I die and when she dies it ends. Doing a transfer is potentially also a great way of avoiding inheritance tax and if I die before 75 there is no tax at all for my heirs to pay.
I am just qualifying for a final salary pension. Either I can take 25% lump and reduced pension or take the full pension.then the man told but you could also transfer it to get your hands on the money. It's worth not to take it but the rate it goes up is based RPI. But what is that figure . Is it 1% or 2.5% or 4%.
Great info please keep it up. I have a work pension with scottish windows. However I see Vanguard UK have a SIPP scheme coming next year in 2020. Do you know if I'm able to transfer my Sipp from scottish widows into Vanguard? If not would it be a good idea to open up a vanguard sipp and contribute myself even though my money would have already been taxed? Thank you 🤗
if it helps - I'm just doing that (But not with Vanguard although they would be my first choice if they did what I need) so I don't see a reason why not. I was told that I could do it myself - however I've found someone who works fixed fee' - and is not therefore charging a blanket % fee - saving 2/3 of the price
I have been trying to transfer my DB Pension but because its over 30k finding an adviser that doesn't just want to do their own thing is proving very difficult ! . Seems to me that they have been given a licence to print money for themselves by the Government , Any ideas please
Could I transfer my government pension to a private pension ? Thank you for your help
You down play the biggest benefit of a CETV transfer which is that the pension pot becomes mine when I transfer. This means my heirs inherit the whole pot should I die. If I stay in the DB scheme my wife only gets half when I die and when she dies it ends. Doing a transfer is potentially also a great way of avoiding inheritance tax and if I die before 75 there is no tax at all for my heirs to pay.
Is there a no risk pension ,or very low risk ,happy ish with my return and want to stick
I am just qualifying for a final salary pension. Either I can take 25% lump and reduced pension or take the full pension.then the man told but you could also transfer it to get your hands on the money. It's worth not to take it but the rate it goes up is based RPI. But what is that figure . Is it 1% or 2.5% or 4%.
Can i claim my private pension and state pension with out any incurrences , thank you
Thankyou for posting .
Great info please keep it up. I have a work pension with scottish windows. However I see Vanguard UK have a SIPP scheme coming next year in 2020.
Do you know if I'm able to transfer my Sipp from scottish widows into Vanguard?
If not would it be a good idea to open up a vanguard sipp and contribute myself even though my money would have already been taxed?
Thank you 🤗
if it helps - I'm just doing that (But not with Vanguard although they would be my first choice if they did what I need) so I don't see a reason why not. I was told that I could do it myself - however I've found someone who works fixed fee' - and is not therefore charging a blanket % fee - saving 2/3 of the price
I have been trying to transfer my DB Pension but because its over 30k finding an adviser that doesn't just want to do their own thing is proving very difficult ! . Seems to me that they have been given a licence to print money for themselves by the Government , Any ideas please