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Should you transfer funds from a personal plan into a stakeholder pension? |
My Dad is has two personal pensions and 1 stakeholder pension and would like to know if it is better to transfer all funds into his existing stakholder pension. It depends ... |
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Defined benefit pension plans are no longer in vogue. Once the employer promises a certain level of pension benefits, the employer retains the risk if the pension plan is not sufficiently funded, ... Unless you think that the pension scheme is in danger where it is, leave it be. You will normally end up losing money from it by transferring it to another account, and normally they are absolutel... Dear sir You need to firstly contact the LIC office where your pension plan is registered You need to consult those people who sent yout the pension in 2005-06 And then, ask them to transfer you... First, Let's make sure you understand the notice: "funded at 53%" - this means that the plan has 53 cents for every $1 the actuary estimates it needs to fully pay all the benefit... Wait, you mean, will her life insurance payout be attached? Only if the beneficiary is her estate. If the beneficiary is a person, that PERSON'S payment cannot be attached. However, SS ... The protected rights fund is what's built up from the National Insurance rebate contributions arising because the scheme was contracted out of the State Earnings Related Pension Scheme. You c... It's hard to make out what your situation is. Here's what I think it is based on what you wrote: You worked for some employer until age 44. A plan called the Employee's Provid... If they convert it to an IRA then you can move it, otherwise you may have to leave it with the company until you are retirement age. ... |
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