Remember that pension you were paying into in your former employment?
Do you ever wonder what happened to it? Chances are it’s still with that old employer, it’s still invested in the same funds and you’re probably still paying charges on it. But, did you know that you can move this company pension from your old job, to a personal plan in your own name?
There are a number of advantages to transferring your old pension to a Personal Retirement Bond (also known as a Buy Out Bond):
- You can access your retirement benefits from age 50.
- When you want to take your pension benefits, you won’t have to worry about chasing down your former employer or the trustee of the old scheme.
- You now have complete control over your pension and can invest it in funds of your own choosing, most suited to your attitude to risk.
- It might also be more cost-effective to move your old pension as there could be better charges available on the market now, compared to the previous scheme.
Sheridan Insurances can help you with this. We will make the process hassle-free by looking after all the paperwork and corresponding on your behalf between your old pension provider and your new one. Our Expert Financial Advisors can also recommend the best investment strategy for your pension, taking into account your own unique circumstances.
Contact us today to see how you can get back in control of your future.