Hi,
I am about to accept a Trustee Proposed Section 32 policy resulting from the wind up of a money purchase pension scheme.
I have heard that it is possible to use the Contracted Out portion to buy back into the State Scheme and that the resulting increased State Pension is better than that likely to be achieved by leaving the Contracted Out portion in the new scheme.
Does anyone know if this is correct and how to go about it.?
Joe