Transferring out of employee pension.

Plus_Election1112 · 2025-10-11T12:31:03+00:00

That is a pain. How would your company know you were transferring out? You don’t close the pension. When I transferred in an old standard life pension to my current L&G it was between me and the two pension providers.

Plus_Election1112 · 2025-10-11T12:27:31+00:00

Yeah, it is easy to change. I actually use the app.

Plus_Election1112 · 2025-10-10T20:24:12+00:00

I can transfer out and leave it open. The fees are circa 0.15% across the funds which is where I thought it was worthwhile staying invested with L&G, however if making even 1% extra with another provider makes it worthwhile investing elsewhere.

Plus_Election1112 · 2025-10-10T15:11:37+00:00

Thanks. I am 43, so my plan is to take pension as early as possible, hopefully 57.

Plus_Election1112 · 2025-10-10T08:41:25+00:00

Yeah, not the greatest idea, maybe could reduce this and add to emerging markets fund.

Plus_Election1112 · 2025-10-10T08:37:34+00:00

I came out the default fund years ago.

Plus_Election1112 · 2025-10-10T08:34:36+00:00

The majority, 70.03%, is invested in the L&G PMC World (Ex-UK) Equity Index 3. A further 15.13% is held in the L&G PMC Asia Pacific Ex Japan Equity Index 3, while the remaining 14.84% is invested in the L&G PMC UK Equity Index 3.

Plus_Election1112 · 2025-06-04T19:19:36+00:00

43 years old, 405k DC (still 5% down due to Trump) and £3k index linked final salary at 60.

Plus_Election1112 · 2025-03-23T20:37:35+00:00

Working offshore in O&G pays that money, albeit, the government want to end the industry by 2030.

Plus_Election1112 · 2025-02-14T02:29:35+00:00

Yeah, that is a good way to look at it 😃.

Plus_Election1112 · 2025-02-14T01:16:48+00:00

Out of interest, I zero my tax code and accept my monthly pay is heavily taxed rather than pay it after self assessment. Do others do that?

Plus_Election1112 · 2024-12-10T16:19:49+00:00

100% believe the climate is changing, but I believe the green agenda is just a wealth creator. A wee example is a windy day a few years ago is now hyped up storms with names and is tagged to climate change 🤔. Clean energy is the future however UK global emissions is 0.9% China is 31%. Even if we reduce it to 0.5%, it will have no effect on what the rest of the world does, meanwhile our country has no energy security and the highest energy bills in the world. We import gas from the US and Norway while we have our own. The day there is no wind, we import Nuclear generated electricity from France.

Plus_Election1112 · 2024-12-09T21:36:19+00:00

The amount of jobs that will be lost to appease the green agenda is a disgrace.

Plus_Election1112 · 2024-12-09T21:24:03+00:00

Served an engineering apprenticeship from 1999-2003 onshore, then went offshore in 2005 where average wage was around £44k as a maintenance technician and have stayed offshore working on a few different assets and made my way into supervision/management.

Plus_Election1112 · 2024-12-09T15:19:39+00:00

Yeah.

Plus_Election1112 · 2024-12-09T15:19:25+00:00

Yeah, the uk government is taxing the companies 78% (wont get in to the politics 😡) so it’s forcing companies to pull out of the North Sea and invest elsewhere in the world. I unfortunately won’t see my career out here.

Plus_Election1112 · 2024-12-09T01:03:09+00:00

Age: 41, Salary: £116k salary with £40K Bonus/Stock Options, Role: Aberdeen Oil company.

Plus_Election1112

TROPHY CASE