TRANSFER YOUR PENSION
Would you like to transfer your pension or consolidate your pensions? Are you looking for greater flexibility on pension plans? Would you like to have better schemes post pension transfer? Get advice from our top independent financial advisers to achieve your goals with a clear set of objectives in making a final decision on a pension transfer. It could benefit you in many ways and might offer financial savings.
CAN I TRANSFER A PENSION WITH A DIFFERENT SCHEME?
As long as the company is registered and listed, you can transfer your pension under multiple schemes. Many people are looking to transfer their pension pot to another registered company after finding pension schemes to be significant, especially as one approaches retirement. Assessment by your financial specialist will provide you with a list of options depending on your requirements. It is always better to contact independent and regulated financial specialists for unbiased support and long-standing trusted advice on pensions.
WHY OPT FOR A PENSION TRANSFER?
- Having multiple pensions can be a complex process.
- Combining multiple pension plans into one can make it easier to manage
- It will be more efficient to monitor your retirement savings.
- You may also benefit from lower fee plans.
Transferring your pensions can have better advantages, provided you simplify your financial situation and get the most out of retirement savings.
BEFORE YOU TRANSFER YOUR PENSION
Carefully evaluate your transfer option before applying
Your pension transfer specialist will assess the appropriateness of your financial circumstances to determine whether a pension transfer is a right decision for you before making any recommendation:
- it might be to switch to another scheme
- it might be to switch to other pension providers
- if the validity of your current pension scheme has ended
- if you want to consolidate old workplaces pension schemes
- if the options are restricted on your current scheme
- perhaps the charges are not competitive
- performance might be inferior with your current schemes
CONTACT PENSION ADVISER SPECIALISTS
WHAT ARE THE ELIGIBILITY CRITERIA FOR TRANSFERRING MY PENSION?
Transferring pensions might not be suitable for everyone.
Before deciding on a pension transfer, you need to understand the eligibility criteria. It might be helpful for you to know the factors depending on your financial situation.
- The first thing is to understand the associated risks, even if your pension scheme matches your requirements.
- Secondly, the time frame before you access your savings depends upon your age.
- And lastly, the tax-efficiency can vary depending on how you draw your benefits at the time of your retirement age.
Another critical aspect your Adviser will check from your existing pension provider is whether pension exit charges apply, which it can on some older pension pots. And most importantly, if the current scheme allows you to transfer a pension. Checking the credibility of the new pension provider is also one of the key factors that you should consider.
Get initial free assistance from top-rated independent financial Advisers about the transferring of your pension.
WISELY CHOOSE THE BEST PLANS WHILE TRANSFERRING A PENSION
Overall, pension benefits are the key factor you should look for and compare between one pension plan to another. However, rules and regulations on pension transfers apply and vary. And your pension Adviser specialist will help you through the whole process of completing a pension transfer in the best way.
Investment for each plan, exit fees, flexibility and benefits are the other options that can contribute to making a wise decision.
FUTURE PLANNING – TOP PENSION TRANSFER EXPERTS
At Future Planning Wealth Management – our highly qualified pension transfer Advisers provide the best advice and information on current pension schemes and circumstances that enable clients to improve their situation. It is essential to consider the pros and cons while transferring a pension.
With Future Planning, you will get help from start to finish when assisting with your pension pots, taking into consideration your unique goals. You can expect:
- a hassle-free process to undertake a pension transfer
- us to make it easier and more flexible
- great support
- market-leading research tools to assess and calculate all types of pension plans
- to be kept updated on your pension plans
We help you explore the best pension transfer schemes. Pick up a phone to call for an initial free consultation and get benefit from expert advice and initial free consultation.
