Your Existing Pension |
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Should I transfer my final salary pension? |
It is important to remember that there are many factors to consider before cashing in or transferring your defined benefit scheme, and as such obtaining suitable advice from a suitably qualified pension transfer specialist is essential. Final salary pension transfers are irreversible and so before proceeding with a transfer you need to carefully consider the advantages and disadvantages.
The following questions consider issues that are important in determining if a transfer of your defined benefit scheme might be suitable. By giving genuine answers to each question, you will be given some initial guidance on whether a transfer might be appropriate. |
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1. |
I am happy to risk the value of my pension savings on the stock market. |
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2. |
If my income from my pension reduced for any reason it would seriously impact my standard of living. |
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3. |
I want my pension to be as simple, secure and protected as possible. |
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4. |
My Final Salary pension is going to be a very small part of my overall income when I retire. |
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5. |
I want the option to vary the income I take from my pension savings in retirement. |
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6. |
I want to use this pension as an inheritance for future generations rather than income for me in retirement. |
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7. |
I have financial dependants and need to make provisions for them. |
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8. |
A lump sum payable from my pension on my death is important. |
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9. |
I have reason to believe I have a shortened life expectancy. |
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Additional comments you would like to make: |
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This final salary pension transfer review service is free of charges and by submitting this form you are not under any obligation to transfer benefits through us.
Your personal data is protected in accordance with our Privacy Policy and subject to the General Data Protection Regulation. The information you are sending is secured by GeoTrust and verified by Equifax.
Please ensure you have reviewed our Terms and Conditions before continuing. |
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