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Pension Transfer

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Pension Transfer

We have over 40 years experience working in pensions.

We have over 40 years experience working in pensions.

Important: Information is based on our current understanding of taxation legislation and regulations and are subject to change.

Did You Know?

If you have money in a pension it’s not accessible until age 55 (57 from 2028).

What you do with your pension is an important decision that you might not be able to change. You should check you’re making the right decision for your circumstances and that you understand all your options and their risks.

“The government’s free Pension Wise Service can help you and is also impartial.

We can also help and give you level headed advice…

"Don’t panic if your pension savings aren’t where you thought they would be. There are still plenty of steps you can take to help you retire on your own terms."

There are steps you can take...

The smallest change to your pension’s investment performance can make a huge difference to your income in retirement.

The difference between 3% and 4% investment returns on a pension pot of £50,000 over ten years can be staggering. For example, just a 1% increase will give you an extra £7,074 towards your retirement fund. This figure doesn’t include any investment charges. Remember, all investments fall as well as rise in value so you could get back less than you invest.

If you have multiple pensions scattered around, check for underperformers. Some of your older providers might suffer from limited investment choice, stopping you from making the most of your hard-earned pension savings. Transferring them all under one roof can make managing your pension easier, and help you to take control.

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How PAF Hereford Can Help You With Your Pension Transfer:

  • Discuss how you can use your pension to cover a drop in earnings
  • Explain how to find your lost or old pensions, and how you could combine them
  • Discuss when you could consider using your pension to buy an annuity
  • Decide whether or not you could benefit from personal advice.
  • No matter how big or small your questions, we are happy to help

Before you transfer your pension, it’s important to check you won’t lose valuable guarantees or benefits, or have to pay high exit fees.

For more information call us on 01432 342718 today or complete our short enquiry form and we’ll be pleased to help you further.

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