Transferring personal to company pension scheme

Nov 06, 2006 2 Replies
R

I'm looking at transferring the money from two personal pensions into my company final salary scheme. Two questions:


  1. Calculating added years: I'm assume the calculation is fairly complex but is there any ballpark calculation that I can do now? e.g. if transfer value is x and current salary is y then.added years =.... etc


  1. In making the decision whether or not to transfer, what factors should I be considering?



Many thanks, Reg



Vote
Twitter Facebook LinkedIn
A

No offence to anyone here, but the folks over on

formatting link
probably relish that sort of thing. rgds, Alan

Vote
Twitter Facebook LinkedIn
R

With regard to 2, if it's a final salary scheme, (1) how sure are you that the company will make good any shortfall when/if the the comes. They might (a) go bust before then, (b) float off their pension scheme with what turns out to be inadequatre funding (c) the government might allow all companies to not top up final salary pension schemes 100%.

(2) is it wise to put all your eggs in the same basket?

Robert

Vote
Twitter Facebook LinkedIn

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required