Hoping someone can help me with 3 questions!
Question 1:
I have a Virgin Stakeholder Pension that's valued at £35,563.23 (not much but I do have another Pension). It is a Virgin UK Index Tracking Trust, following the FTSE All-Share Index. I’m paying around £8.40 per month (£100 a year) in charges – could I transfer it to another stakeholder pension that tracks the FTSE but with lower charges?
Question 2:
If answer to 1 above is 'yes', - any recommendations?
Question 3:
I can withdraw 25% of this when I turn 55 years old in 2027 (I need to remember to do this as it chances to 57 in 2028). If I withdraw the 25% in 2027, Can I just leave the rest in there, or do I need to start drawing an income from it at that point?
Many thanks!
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