Pensions have been a hot topic and a burning question since they were invented, whenever that was. But should you just have one pension and consolidate as you go along, or wait and tidy everything up when you retire, or should you always leave everything where it is when you move employer? And where do we even start with DB scheme transfers? Fortunately, I have my good buddy and colleague at Jacksons Wealth, Roger Weeks to help us navigate these tricky waters…
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Should I consolidate my pensions?
The answer to this week’s burning question of “should I consolidate my pensions?” is an always-annoying “it depends”
One thing is for sure, moving pensions is fraught with potential landmines which can be tricky to avoid unless you have a clear understanding of your existing provision. As with all personal finance transactions, it should be considered in the context of your wider planning, and an adviser can help with that of course.
Resources mentioned in this episode
Check out the PostScript below [scroll down]
**No transcript this week folks, sorry!**
PostScript – the after the show show
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