FabSwingers.com forum: Workplace pension

By (user no longer on site) OP
over a year ago

Yous lot are brainy.. So .. If i start a scheme with a company, then change jobs and start again.. I have to open a new account? I thought the same central account held by the government was contributed into by yourself and the new employer.. Isn't it? Confused :oz

By (user no longer on site)
over a year ago

I think you can transfer the balance of your old employer's scheme onto the new one. There are a few different organisations running auto-enrolment schemes, I don't think it's one big government scheme.

By *anSusieCouple
over a year ago

Midlothian

"I think you can transfer the balance of your old employer's scheme onto the new one. There are a few different organisations running auto-enrolment schemes, I don't think it's one big government scheme."

I don't think all government pensions are transferable. Police into Civil Service or ambulance Service to Military for instance. But you can draw more than one government pension at the same time.

By *eaded_BazMan
over a year ago

Truro

I don't think all government pensions are transferable. Police into Civil Service or ambulance Service to Military for instance. But you can draw more than one government pension at the same time.

Principal civil service pension scheme tends to be part of something called a transfer club.

Any employer must provide a pension scheme and everyone has the option to opt in or out of it. They are more flexible with transferring. Yes I work in pensions and you can't make it sound sexy even if you stuck a thong on it and matched it with a basque and stockings lol

By *r and mrs sanddancerCouple
over a year ago

BOLDON COLLIERY

the new work place pension will be with one provider that your firm has chosen.

When you move jobs you can leave that one in place, or move your credit to your new firms provider,

moving it is the better option as you will only have one provider to deal with when you retire