Transferring personal to company pension scheme


R

reg.gough

I'm looking at transferring the money from two personal pensions into
my company final salary scheme. Two questions:

1. Calculating added years: I'm assume the calculation is fairly
complex but is there any ballpark calculation that I can do now? e.g.
if transfer value is x and current salary is y then.added years =....
etc

2. In making the decision whether or not to transfer, what factors
should I be considering?

Many thanks, Reg
 
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A

Alan Frame

I'm looking at transferring the money from two personal pensions into
my company final salary scheme. Two questions:

1. Calculating added years: I'm assume the calculation is fairly
complex but is there any ballpark calculation that I can do now? e.g.
if transfer value is x and current salary is y then.added years =....
etc

2. In making the decision whether or not to transfer, what factors
should I be considering?
No offence to anyone here, but the folks over on
http://boards.fool.co.uk/Messages.asp?bid=50065
probably relish that sort of thing.

rgds, Alan
 
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R

Robert

I'm looking at transferring the money from two personal pensions into
my company final salary scheme. Two questions:

1. Calculating added years: I'm assume the calculation is fairly
complex but is there any ballpark calculation that I can do now? e.g.
if transfer value is x and current salary is y then.added years =....
etc

2. In making the decision whether or not to transfer, what factors
should I be considering?

With regard to 2, if it's a final salary scheme, (1) how sure are you
that the company will make good any shortfall when/if the the comes.
They might (a) go bust before then, (b) float off their pension scheme
with what turns out to be inadequatre funding (c) the government might
allow all companies to not top up final salary pension schemes 100%.

(2) is it wise to put all your eggs in the same basket?

Robert
 

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