Ditto - I transferred mine into HL. Just filled out the forms and it was done.
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Old moth infested Group Pension
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Get In with The In Crowd
Your question seems to be not whether you can transfer it but whether you could top it up.
I looked at topping up one of my pensions but the charges were ridiculous (5%). Also there are no on-line management capabilities. And they didn't offer draw-down. So I would put any new money into a SIPP. HL is very good but the charges are higher than others unless you like to gamble all day by trading. You might want to wait and see if Vanguard introduce a SIPP. Which of course brings me to pull out the soapbox - if you want to be part of the trendy, sassy, BMW driving, Netfix box set binging, L'Enclume eating club, you need to choose low cost passive funds."Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
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Originally posted by FrontEnder View PostIs it a defined benefit pension i.e. final salary) and 8k is the annual amount you'd get, or is 8k the total pot size?Originally posted by Nigel Farage MEP - 2016-06-24 04:00:00"I hope this victory brings down this failed project and leads us to a Europe of sovereign nation states, trading together, being friends together, cooperating together, and let's get rid of the flag, the anthem, Brussels, and all that has gone wrong."Comment
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Originally posted by Cirrus View PostIf you want to be part of the trendy, sassy, BMW driving, Netfix box set binging, L'Enclume eating club, you need to choose low cost passive funds.
Already in passive funds, my plan is to max out two ISAs each year but if there's any left drip feed it into a directors pension.Originally posted by Nigel Farage MEP - 2016-06-24 04:00:00"I hope this victory brings down this failed project and leads us to a Europe of sovereign nation states, trading together, being friends together, cooperating together, and let's get rid of the flag, the anthem, Brussels, and all that has gone wrong."Comment
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Originally posted by rl4engc View PostI might look into Lloyds for SIPP (if they do them) as my S&S ISA's and current account are with them.
Already in passive funds, my plan is to max out two ISAs each year but if there's any left drip feed it into a directors pension.
The online operators tend to be cheaper than banks for pensions.
There is a nice long thread on this forum somewhere explaining SIPPs."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by SueEllen View PostWhy choose a bank?Originally posted by Nigel Farage MEP - 2016-06-24 04:00:00"I hope this victory brings down this failed project and leads us to a Europe of sovereign nation states, trading together, being friends together, cooperating together, and let's get rid of the flag, the anthem, Brussels, and all that has gone wrong."Comment
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Saw an interesting article on state pension over the weekend:
Death of retirement: Can the UK afford the state pension? - BBC News
Although the state pension is hard to live on alone, to buy an equivalent index-linked income from an insurance company would cost more than £250,000. Investment platform Hargreaves Lansdown estimates that to save that much would require £300 a month for 40 years.
So unless you have a sufficiently large investment by the time you retire, it may be a fools errand to want to top up your state pension if/when with means testing they take away your state pension so you're left worse off or not significantly better off doing it yourself.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
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Originally posted by rl4engc View PostWell my other accounts are with the same one so I thought it might be simpler to keep everything 'all under one roof' as it were. Saying that I've just had a cursory look at charges and it does appear HL to be the cheapest (no annual charge, no charge for buying etc.) so as long as MyCo can pay into this pension it looks like these are the favorites."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by rl4engc View PostWell my other accounts are with the same one so I thought it might be simpler to keep everything 'all under one roof' as it were. Saying that I've just had a cursory look at charges and it does appear HL to be the cheapest (no annual charge, no charge for buying etc.) so as long as MyCo can pay into this pension it looks like these are the favorites.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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