MT Week - Are small pot pensions better than merging them?
A little while ago, I wrote about whether you should be merging your pension pots.
There are definite benefits, like making your pensions easier to keep track of and manage, and saving on costly fees - although you might not necessarily want to do it right now.
But there’s actually a lesser known “small pot lump sum pension” rule that might mean in some cases, it’s better to keep your pension pots small.
Like other pensions related stuff, it’s not the most straightforward rule to understand.
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