How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask Jamie-Law Your Own Question
Jamie-Law
Jamie-Law, Solicitor
Category: Law
Satisfied Customers: 5004
Experience:  Solicitor
96104960
Type Your Law Question Here...
Jamie-Law is online now

I have £2.1k that I will apparently lose to Santander if I

Resolved Question:

I have £2.1k that I will apparently lose to Santander if I don't place it into another scheme having left theirs 31/12/14. How do I avoid losing this money? Is it easy to set up a new scheme to keep the money. Thanks. Chris.
Submitted: 1 year ago.
Category: Law
Expert:  Jamie-Law replied 1 year ago.

Hello my name is ***** ***** I will help you with this.

What is it you want to achieve please?

Customer: replied 1 year ago.
I had a pension with Santander. I have been offered £9 ex-gratia, as that was my contribution. If I want to keep £2.1k, only way of keeping it is to transfer to another scheme. Am not working at the moment and want to avoid losing £2100 which Santander will take of me if I do not instruct them to place it in another scheme. How do I set up other scheme if I am not too late?
Customer: replied 1 year ago.
I have paid you £47 and had no advice yet other than to pay another 44
Expert:  Jamie-Law replied 1 year ago.

You can transfer it to any other scheme if you want.
www.standardlife.co.uk for example allow transfer of pension plans.

So you just apply online.

Can I clarify anything for you about this today please?

Customer: replied 1 year ago.
Thanks for that. So I can open up a new scheme even though I am not working? Wonder how long that would take?
Expert:  Jamie-Law replied 1 year ago.

Correct. It should be quick

Does that clarify?

Jamie-Law and other Law Specialists are ready to help you