DB pension transfer?
I guess you will probably need more detail than this, but I'm wondering if at first glance you would agree that transferring my old DB pension to my SIPP makes sense.
The DB pension is small. I'm not paying into it. Transfer value around £6k. Current annual value estimated at £650 per year. I have a good 25+ years left of working/pension contributions.
Impossible to tell how well it would perform I know, but surely transferring the £6k into a bigger SIPP pot (roughly £30k) for 25+ years of likely growth makes better sense than what will be a small annual guaranteed income. Hoping you can share your thoughts. Thanks.