I have a small pension fund of 25k, which is now not being contributed to and just sitting waiting for a time when I can access it, presumably only on retirement from age 50 to 65?
It is subject to charges, probably around the going rate of 1.5-2% and government levies. With very little growth or returns expected for the forseeable future and 20-30 years max to retirement is it possible that a significant amount of it will be gone in charges and levies by the time I can access it? Or have I missed something?
Is there any way to prevent this, or remove it from the pension company into a static fund so that I can at least remove the charges if not the government levy?