another pension question

[covmutley]

My first job was with a Council. I was on a low wage back then and paid into the pension scheme for just over 2 years. My pension is currently at about £800 per year with a lump sum of £2,400.

I was looking to transfer it and another old private pension into a SIPP, just to consolidate. The transfer value is currently £10,400.

I have read that it is generally not a good idea to take money out of public pension due to their low risk and protection against inflation. But given the amount is so small, that is not really an important consideration.

My question, which I cant find the answer to specific to my small pot, is how much is the pension pot going to grow compared to if i put it into funds?

I have at least 25 years to retirement so if these averaged 6-8% the pot could grow to £45-68k, which would probably buy a couple of holidays a year, or pay for food if things dont go to plan for us! Plus the capital could be passed to my kids (or the nursing home).

Any thoughts please?

[covmutley]

Yes, i forgot to mention that the transfer value doesn't look generous. But still, what will happen to the pension over 25 years. Will it only match inflation, or will it grow?

[covmutley]

The letter says both the pension and lump sum are current amounts

[covmutley]

Thanks, that is useful.

And say I live 20 years after retirement (85) I will get out about £30k including lump sum.

Whereas even at less than 6% growth I should be able to get that off the capital, plus have the capital itself to use or leave to kids?