Is combining your pensions right for you?
Bringing your pensions together is a complex decision, so you’ll need to be sure it’s right for you, and in your best interest. It’s important that you fully understand the costs, benefits, tax implications and any potential risks involved.
If you’re thinking about transferring in from another pension scheme, a financial adviser will be able to help you with this. They might charge a fee, but your future security and peace of mind is a big consideration.
Remember that the value of your pension, and any income for it, can fall as well as rise and isn’t guaranteed. You could get back less than you originally invested.