The quick question thread

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The quick question thread

if you pay into a company/private pension scheme, do you still also get state pension?

yes.

on the topic of pensions can you be any age to set one up? and if you get a company one and leave after 6 months of it being active does it jsut sit their untill your 65 or can you move it to a private pension?

yes, i dunno about the minimum working time (it might be up to a year) but when you leave the company you transfer the pension savings to the pensions department of the new employers.
 
if you pay into a company/private pension scheme, do you still also get state pension?
Yes.

on the topic of pensions can you be any age to set one up? and if you get a company one and leave after 6 months of it being active does it jsut sit their untill your 65 or can you move it to a private pension?
You should be able to set up a pension from the age of 18. Until relativey recently, if you came out of a pension scheme it used to just sit there until you retired. I've known people who've retired with 3 different schemes which doesn't usually give much benefit.

When I joined my present employer, I changed from a private scheme to a public one with no issues, however, most private pension scheme operators will penalise you to a certain extent because you haven't allowed them to make as much money as they would have like.....er, I mean they are disappointed in not being able to provide you with the comfortable retirement that would make their lives complete. Remember, in many cases the Pension or Insurance Company is going to make sure they make money, so typically the first 2 years of any contributions go to their profits.....sorry, that should read legitimate costs.
 
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