Old Workplace Pension Help

dannywaugh1 · 24 Sep 2024 at 13:51

Hi all,

I have an old workplace pension which I am not paying into as I do not work for the company anymore and cannot transfer into my current employer workplace pension. I have been told the best way for me to pay into it is to transfer it into a personal pension plan, but I have no idea where to start in terms of personal pension plans.

I have done a little research, but it is a little overwhelming, the pension I am referring to is with Legal and General and they also to personal pension plans.

Any advice / tips welcome.

Thanks!

dannywaugh1 · 24 Sep 2024 at 14:03

Sinbad2000 said:
Why on earth can't you transfer into the current plan? Sounds odd to me.

Any reason why you can't just hang onto the old pension plan without paying into it? Should still grow nicely over time...

Apparently a transfer had to be done with 12 months, which has passed.

dannywaugh1 · 24 Sep 2024 at 14:03

Bluecube said:
Do you want to pay into your old pension considering you’ve a new one with your current employer? If not then just leave it where it is unless you’re desperately unhappy with its performance.

Current performance isn't that good so far

dannywaugh1 · 24 Sep 2024 at 14:48

Had a call and currently going through the process of transferring it into a personal pension with Standard Life.