Transfer of Pension for old job

Frank

Registered User
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1,830
I have a pension from canada life to transfer a new company

Current value is 1350
I am 32
Assuming retire at 65
New company will give me 0.1 years.

Seems very little.

Should I just cash in or leave it sit?

Thanks.
 
If your current contribution level in your new job is:
a) greater than €13,500pa it's a good deal.
b) equal to €13,500pa it's neutral.
c) less than €13,500pa it's not a good deal.
That assumes your company pension scheme is equal to the Canada Life fund.

Have a look at the charging structure on the fund - if there's any sort of a flat annual management fee the investment growth (remember that!) will struggle to keep up with the fee deductions.

In truth it's such a tiny fund that it's probably not worth losing any sleep over the decision.
 
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