Help with SIPP

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The jiffle king

Original Poster:

6,951 posts

260 months

Friday 7th August 2015
quotequote all
I have asked for advice from a financial advisor, but given I am living in the US, they cannot/are not willing to provide, so looking for some guidance:

I have a UK based pension which I and a company made contributions toward which is 10k cash value or 30k transfer value so clearly I want to transfer it.

What I'm not sure is what I transfer it to as previously I have had a final salary pension which is not this pension and I've not had to deal with this before.

- Can I just open a SIPP and transfer the value in?
- Is there something else I should investigate (I'm prepared to do the research)?

Thanks

The jiffle king

Original Poster:

6,951 posts

260 months

Saturday 8th August 2015
quotequote all
PurpleMoonlight said:
Why is there such a difference between the value and transfer value?
I was with the company less than 18 months so the can either give my contributions back in the lower figure or let me transfer the full amount including their very generous contributions .

It's 20k difference so I want to move it
Thanks