Irishchappie
Registered User
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- 113
I moved from my old job about 14 months ago, which I was in for nearly 5 years and had a pension with them for over 4 years. The job I moved to I was only in short time (under a year), not long enough to be eligible for the companies pension scheme before I was made redundant..
I'm looking to start a new job soon and as with most jobs,will have to be in it for a minimum of 6 months before I eligible for the company pension scheme.
The original pension broker who was looking after the pension scheme for the original company knows the situation and I've explained to him that I'm waiting until I'm eligible with this new job to transfer my pension over but he is getting increasing impatient and increasingly persistant that I move it asap as he is not longer being paid to maintain it and there are no contributions going into it in that last 14 months.
I've asked him for these and his option were:
Move it to a new pension scheme of the company you are in now (which I've explained to him that I cant yet)
or
Cash it in (not something I want to do)
So what are my options?
Is there a short term pension scheme I can transfer this sum into that will allow me to make contributions while Im waiting to join the new company scheme and then transfer into that?
I.C
I'm looking to start a new job soon and as with most jobs,will have to be in it for a minimum of 6 months before I eligible for the company pension scheme.
The original pension broker who was looking after the pension scheme for the original company knows the situation and I've explained to him that I'm waiting until I'm eligible with this new job to transfer my pension over but he is getting increasing impatient and increasingly persistant that I move it asap as he is not longer being paid to maintain it and there are no contributions going into it in that last 14 months.
I've asked him for these and his option were:
Move it to a new pension scheme of the company you are in now (which I've explained to him that I cant yet)
or
Cash it in (not something I want to do)
So what are my options?
Is there a short term pension scheme I can transfer this sum into that will allow me to make contributions while Im waiting to join the new company scheme and then transfer into that?
I.C