Pension switch

[Ming the Merciful]

I think the aviva one is defined contribution, which basically means you build up a pot of money and you have to make it last in retirement.

It looks like the NHS one is... "a defined benefit scheme. This means the scheme promises to pay you a guaranteed income when you retire based on your service and how much you earn."

Probably a better scheme in truth.

Not sure how they'll handle a transfer in though. Try doing some reading ya lazy sod!

I read the NHS pension guide and rang the advisor when I saw you could transfer and they sent me the forms to send to aviva.

I then rang aviva and they asked if I'd taken financial advice on this decision.
Pre-empting this thread I said I had.

So basically I'm just waiting for them to send all my details to me I can then send to NHS pension.

As long as nobody has knowledge it's a really bad idea I think I'll go for it, I've always thought public sector pensions are pretty good although admittedly that's mainly based on the angry thoughts of @peteblue

 

[Rita_Poon]

Ah, The Deli Ali of pensions.

I'd retire on Lake Como if I could like!

 

[goldfinchmule]

I'm sure there will be a financial advisor on here who'll be able to help.

Think matty is clued up on this sort of thing.

 

[Rita_Poon]

I read the NHS pension guide and rang the advisor when I saw you could transfer and they sent me the forms to send to aviva.

I then rang aviva and they asked if I'd taken financial advice on this decision.
Pre-empting this thread I said I had.

So basically I'm just waiting for them to send all my details to me I can then send to NHS pension.

As long as nobody has knowledge it's a really bad idea I think I'll go for it, I've always thought public sector pensions are pretty good although admittedly that's mainly based on the angry thoughts of @peteblue

Martin
Frigging
Lewis

!