Sorry, I don't understand your post; I've outlined the three options open to me, there are no others.You can't transfer from a Company scheme to a Personal Pension type scheme...you only have the three options mentioned in your post.
Another issue to consider is the possible benefit of being able to transfer the fund to another occupational scheme in the future and thereby also transfer in vesting time. See here. Basically if you think that you may get a job with an occupational scheme and employer contributions any time soon then just parking the pension where it is for now may make sense.Liam, thank you for that, this confirms some of what I already felt; I want to sever ties with my current employer and I will investigate the charges in relation to the BOB on offer. I will also look into the charges with the New Ireland product before deciding on whether to restart this or not. Thanks.
Another issue to consider is the possible benefit of being able to transfer the fund to another occupational scheme in the future and thereby also transfer in vesting time. See here. Basically if you think that you may get a job with an occupational scheme and employer contributions any time soon then just parking the pension where it is for now may make sense.
No problem.Thanks - learn something new every day!
Be aware of th BOB charges though as they usually charge you a % of the original value of the pension. I thought long and hard on this one and didn't like (or possibly not fully understood) the charges involved in setting up the BOB. I decided to let it roll till I got another employer scheme and then transferred it.
Don't some offer > 100% of the original amount?Be aware of th BOB charges though as they usually charge you a % of the original value of the pension.
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