When would a pension transfer be a good option to consider?
Your current provider doesn’t offer the type of pension you want. For example flexibility may be more important to you than a guaranteed income from within a final salary scheme
You have a number of different pensions and wish to consolidate them into one pot
You are seeking more control over your pension and what it is invested in
Your Defined benefit scheme may be in deficit
You reside overseas and wish to move your pension outside of the UK
Potential tax advantages and the use of Double tax treaties
You are due a large pension from your DB scheme and the benefits payable by the PPF (in the event it enters the PPF) would be less
The options in relation to succession planning may be greater following a pension transfer. It may be advisable to transfer if you are going to be affected by the lifetime allowance
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