what to do with old...
 

MegaSack DRAW - This year's winner is user - rgwb
We will be in touch

[Closed] what to do with old pension fund?

6 Posts
5 Users
0 Reactions
61 Views
Posts: 20
Free Member
Topic starter
 

I have just received a statement relating to a pension i use to pay into at an old job. Needless to say I no longer pay into it and now have my own private pension fund I pay into, calculated to give me a decent pension (supposedly) at my age of retirement.

It is not enough to make of a long term difference and to be honest the money could come in handy for some ambitious plans I have been making.

Any financial gurus out there who could give me some suggestions?


 
Posted : 12/09/2011 7:38 pm
Posts: 0
Free Member
 

[i]some ambitious plans I have been making.[/i]

Is it......
[DrEvil]
ONE

HUNDRED

POUNDS?

[/DrEvil]


 
Posted : 12/09/2011 7:40 pm
Posts: 0
Free Member
 

I don't think you can take cash out of a pension, can you?

Why not transfer it to a SIPP and have a play on the stockmarkets?


 
Posted : 12/09/2011 7:42 pm
Posts: 20
Free Member
Topic starter
 

Maybe 😛


 
Posted : 12/09/2011 7:42 pm
Posts: 20
Free Member
Topic starter
 

Well that thought was what led me to ask the question wallop


 
Posted : 12/09/2011 7:44 pm
Posts: 45716
Free Member
 

[url= http://www.chainreactioncycles.com/ ]This should answer any investment of pensions questions....[/url]
😉


 
Posted : 12/09/2011 7:45 pm
 jonb
Posts: 0
Free Member
 

You might be able to take it out if you were only paying in for under 2 years.

Might be worth contacting the company who holds the money and see.


 
Posted : 12/09/2011 7:54 pm