I want to tidy up my finances. I have been contributing into my existing pension scheme for about seven years now, but before that (in previous employments) I had two other schemes.
I only have a vague understanding of the rules here and this is what I am hoping someone can help me with. Can I apply to have the money that's in these other funds transferred to my current fund? If so, how do I do it? Or is it a bad idea and I should leave everything where it is? (Why?)
One is a "Group Reflex Personal Pension Plan" with Scottish Equitable, the other is a "Group Money Purchase Scheme" with Scottish Widows.
I left both jobs within 6-12 months of starting to make contributions, and my salary wasn't up to much back then either, so we are not talking about massive amounts here - but it was my money and I paid it in, and I don't want to risk forgetting about it or losing it because I've left it too long.
Thanks!
2007-10-28
02:10:01
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3 answers
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asked by
Snakey B
4
in
Investing