News1 min ago
money purchase pensions
3 Answers
can money purchase pensions be cashed in,i have had the pension 4 years and am been made redundant from my employer.
i am 29 years old
i am 29 years old
Answers
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No. I think the only way you can get a return of pension fund contributions is if you leave the company with less than two years contributions to the pension fund.
The sensible thing to do would be to try and transfer it into your new employer's scheme, when you have found another job, or try and convert it into a personal pension. An independent financial adviser would be able to help you.
I believe Hargreaves Lansdown (a well known firm of financial advisers) d their own SIPP (Self Invested Pension Scheme). You can make contact via their website.
The sensible thing to do would be to try and transfer it into your new employer's scheme, when you have found another job, or try and convert it into a personal pension. An independent financial adviser would be able to help you.
I believe Hargreaves Lansdown (a well known firm of financial advisers) d their own SIPP (Self Invested Pension Scheme). You can make contact via their website.
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