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Should I Transfer My Pension?
Depending very much on your financial situation, the decision to consolidate or transfer your pension funds can appear complex. Currently it is possible for people to have many pension at a time and you may want to simplify into one manageable arrangement. Tony details the factors you should be aware of before you make your decision.
KEY TAKEAWAYS
- What kind of pensions do you currently have? Your current may have benefits that you could lose if you transfer out of the scheme.
- You may want to consider moving to a scheme that has less risk and consolidating into one pension scheme make it more manageable for you as its important that you review your pension on a regular basis. Some arrangements offer you online access to your pension information.
- The UK Government insist you take professional financial advice from a regulated advisor before doing this and the benefits are worth more than 30,000 pounds.
BEST MOMENTS
'By the time we have been working for a decade or two, its not uncommon for us to have accumulated many different pension schemes.'
‘In addition, some people might benefit from moving their money to a new pension that offers funds with less risk which may not have been available to you before.'
‘Consolidating pensions can remove the hassle and paperwork of managing lots of different plans as well as cutting charges and giving you access to a wider range of investments.'
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
This show was brought to you by Progressive Media
Hosted on Acast. See acast.com/privacy for more information.
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By Tony Thomas
5
2929 ratings
Depending very much on your financial situation, the decision to consolidate or transfer your pension funds can appear complex. Currently it is possible for people to have many pension at a time and you may want to simplify into one manageable arrangement. Tony details the factors you should be aware of before you make your decision.
KEY TAKEAWAYS
- What kind of pensions do you currently have? Your current may have benefits that you could lose if you transfer out of the scheme.
- You may want to consider moving to a scheme that has less risk and consolidating into one pension scheme make it more manageable for you as its important that you review your pension on a regular basis. Some arrangements offer you online access to your pension information.
- The UK Government insist you take professional financial advice from a regulated advisor before doing this and the benefits are worth more than 30,000 pounds.
BEST MOMENTS
'By the time we have been working for a decade or two, its not uncommon for us to have accumulated many different pension schemes.'
‘In addition, some people might benefit from moving their money to a new pension that offers funds with less risk which may not have been available to you before.'
‘Consolidating pensions can remove the hassle and paperwork of managing lots of different plans as well as cutting charges and giving you access to a wider range of investments.'
VALUABLE RESOURCES
Tony Talks Wealth - https://omny.fm/shows/tony-talks-wealth
Sign Up Now For Exclusive Tony Talks Wealth Content at https://www.patreon.com/TTWealth
ABOUT THE HOST
Tony Thomas is a published author, one of the top financial advisers in the UK voted for by his clients, the first Chartered Financial Planner in the UK, Independent Financial Adviser, Mentor, Trainer. Life Planner and Money Coach. He is also a pension and investment specialist as well as the regional Chartered Champion for South Wales.
“Live For Today, Invest For Tomorrow”
CONTACT
Tony's official website: https://ttwealth.co.uk/
Facebook: https://www.facebook.com/TonyThomas.IFA/
LinkedIn: https://www.linkedin.com/in/tonythomas2/
This show was brought to you by Progressive Media
Hosted on Acast. See acast.com/privacy for more information.