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merge personal and company pension?

PWR · 2009-09-10 10:31:58

Hi All, Advice sought - At one time I opened a personal pension scheme with Canada Life. That fund has about 20K in it, and I ceased paying in to it in 2007. I understood at the time that CanLife would continue to maintain/invest the 20K until I could draw it down on retirement. I now have a company scheme via my employer.…

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10-09-2009 11:31am

#1

PWR

Registered Users Posts: 109 ✭✭

Join Date: November 2008

Posts: 83

Hi All,
Advice sought - At one time I opened a personal pension scheme with Canada Life. That fund has about 20K in it, and I ceased paying in to it in 2007. I understood at the time that CanLife would continue to maintain/invest the 20K until I could draw it down on retirement.

I now have a company scheme via my employer. My question, can I transfer the CanLife funds into the company scheme, or am I better to keep things as they are?

Best and thanks.

PWR

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#2 10-09-2009 1:35pm
homer911

Registered Users Posts: 5,119 ✭✭✭

Join Date: September 2007

Posts: 4731

Technically you can, and it can be convenient to have it in one place, but you would want to consider such things as the ongoing maintenance costs, any transfer costs, historical performance of the fund etc.

Personally I have pension entitlements currently in three company pension schemes!

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