Hi,
Recently I have changed employment. At my previous workplace I had DC pension set up and was contributing for several years. At the moment, I want to "pause contributing" for 6 months.
I got a letter from my broker asking me what do I want to do with my pension, and tbh, I have no clue what is the best option if I want to "pause" the contributions for few months. Here are the options:
a) Transfer value to a similary approved pension scheme by new employer - obv I want to do this, but in a few months
b) transfer to personal retirement bond (????) - have no clue what this is
c) transfer to PRSA
d) deffered pension payable from age 65
Any advice what should I go for if I dont want to contribute for few months and then continue contributing???
Thanks in advance
Recently I have changed employment. At my previous workplace I had DC pension set up and was contributing for several years. At the moment, I want to "pause contributing" for 6 months.
I got a letter from my broker asking me what do I want to do with my pension, and tbh, I have no clue what is the best option if I want to "pause" the contributions for few months. Here are the options:
a) Transfer value to a similary approved pension scheme by new employer - obv I want to do this, but in a few months
b) transfer to personal retirement bond (????) - have no clue what this is
c) transfer to PRSA
d) deffered pension payable from age 65
Any advice what should I go for if I dont want to contribute for few months and then continue contributing???
Thanks in advance
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