Hi all,
I have a pension that gathered from my previous jobs. It is now worth less than half of what it was worth 4 years ago. I blame lack of visibility for this. The company sent me an option statement almost 2 years after I left. My pension was locked into the scheme and I didn't have the foresight to move it out to a prsa when I left. So it dropped faster than Thelma & Louise.
I want to take charge and get a prsa. However if I secure a permanent job in this company then the old pension will be added into the new dc scheme.
I'm trying to figure out if I transfer it out to a PRSA, will I be able to ask my employer to contribute to it and will I get the same tax benefits as if I was with the company scheme? Will it have to come out of my pay slip or can I choose to do it just as AVCs.
I have really no desire to be with the company scheme as I want a scheme where I can check my performance online and therefore have more control over it.
However I don't want to lose out either. Am I missing something?
Thanks,
180girl
I have a pension that gathered from my previous jobs. It is now worth less than half of what it was worth 4 years ago. I blame lack of visibility for this. The company sent me an option statement almost 2 years after I left. My pension was locked into the scheme and I didn't have the foresight to move it out to a prsa when I left. So it dropped faster than Thelma & Louise.
I want to take charge and get a prsa. However if I secure a permanent job in this company then the old pension will be added into the new dc scheme.
I'm trying to figure out if I transfer it out to a PRSA, will I be able to ask my employer to contribute to it and will I get the same tax benefits as if I was with the company scheme? Will it have to come out of my pay slip or can I choose to do it just as AVCs.
I have really no desire to be with the company scheme as I want a scheme where I can check my performance online and therefore have more control over it.
However I don't want to lose out either. Am I missing something?
Thanks,
180girl