Hello,
Left permanent employment six months ago and left behind a substantial pension in a local government pension scheme which is lying dormant until I retire. I would like to extract this and make it work now by perhaps buying buy to let properties. I am now contracting with my own Ltd Co. With some rule changes about pension schemes it is possible to extract or transfer a pension to another provider. My question is, is it possible to set up your own pension scheme within the Ltd Co and become your own administrator of that scheme, therefore hoping I would be able to apply to the former pension scheme about transferring it over.
Does this sound feasible?
Left permanent employment six months ago and left behind a substantial pension in a local government pension scheme which is lying dormant until I retire. I would like to extract this and make it work now by perhaps buying buy to let properties. I am now contracting with my own Ltd Co. With some rule changes about pension schemes it is possible to extract or transfer a pension to another provider. My question is, is it possible to set up your own pension scheme within the Ltd Co and become your own administrator of that scheme, therefore hoping I would be able to apply to the former pension scheme about transferring it over.
Does this sound feasible?
Comment