Reason for Transferring

Some Reasons To Consider

As highlighted previously on this site, in our opinion, for the majority of people transferring out of a Final Salary Pension Scheme, had the member survived through to standard mortality age then transferring out would not have made economic sense. The peace of mind and guarantees attached for most are just too valuable to ignore. 

 

What is listed below however are some arguments as to why some will want to look into moving their Final Salary Pension. 

 

• Concerns over health and mortality 

• Objective to pass on pension benefits to family members on your death 

• Be in control of your own scheme and destiny 

• Enjoy greater flexibility of income in retirement, taking more income in the early years for example 

• I want to access my pension benefits penalty free from age 55 

• Take control of investment decisions 

• I see my pension fund as a pension bank account 

• I want to use my new scheme as a tax planning tool 

• Concerns about the Final Salary Scheme’s ability to pay 100% of your entitlement 

• Transfer value looks incredibly generous 

• I do not need this level of guaranteed income

 

Please contact info@sancusrp.co.uk for more information, help and guidance on our Final Salary Transfer Advice Service.