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Transferring a UK pension to an Irish scheme

Yorky · 2009-03-25 11:54:20

Would there be any merit in transferring a UK pension balance to an Irish scheme? It's a personal pension scheme set up after contracting out of the state second pension (was known as SERPS).No contributions have been made for over a decade and the balance is circa £5000stg.The charges are £1.50 per month policy fee and…

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25-03-2009 12:54pm

#1

Yorky

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Would there be any merit in transferring a UK pension balance to an Irish scheme? It's a personal pension scheme set up after contracting out of the state second pension (was known as SERPS).No contributions have been made for over a decade and the balance is circa £5000stg.The charges are £1.50 per month policy fee and 0.9% annual management charge.

Any opinions on this?

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#2 26-03-2009 12:10am
broker2008

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Have a look at the options that are available. Standard Life might have a suitable product here. Some people like to close off UK pensions and have their money here. This is not a recommendation one way or the other.

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