Can I transfer other pensions into my Aegon plan?
Thu Jan 29 16:16:00 GMT 2015Yes, you can transfer another pension to your existing pension plan. You should be aware that some restrictions may apply.
Before you transfer your pension, we recommend talking to a financial adviser as there are a number of important factors to consider. For example you should:
- get a transfer value from your previous pension plan
- ask your new pension provider for an estimate of the pension you can expect from that transfer value
- ask your financial adviser to prepare a transfer value analysis
- compare the benefits available from your old plan with the estimated benefits of your new plan. You need to pay special attention to:
- any guarantees you’re giving up
- any benefits you’re giving up
- any penalties for transferring
Financial advice
If you're uncertain about the best option for you, a financial adviser will be able to help. To find a financial adviser in your area please visit www.unbiased.co.uk(Opens new window)