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What types of pension can I transfer?

If you have a Defined Contribution pension, also known as a ‘Personal pension’ or ‘Workplace pension’ it’s likely that you can move this at any time however this can depend on if you have started drawing money from it.

If you have a Defined Benefit pension sometimes known as an ‘Occupational pension’ or ‘Final Salary pension’ there are many points to consider when thinking about transferring. It is a requirement to seek regulated financial advice if you are looking to transfer over the value of £30,000.

If you need more information or have any further question, and you are not already a client with True Potential, you can speak to our friendly team on 0191 625 0350 available 7am-8pm weekdays.