Hello guys. I hope you can help me with a small question.
So, my wife (japanese) has recently left her job and they told her that she needs to move the retirement account to self managed ideco since she’s no longer an employee there (obviously). So she went to her bank which also handles ideco accounts and talked to someone there. They gave her a transfer form to fill which also includes a section where you have to select what kind of securities you want your ideco to be comprised of. And this is my question… does that mean that whatever she previously held in her retirement account with the company will be sold at market rates and other securities that we selected will be bought with the money or how does that work?
Sadly she herself doesn’t understand this kind of stuff and while my japanese is perfectly fine for everyday conversations it’s unfortunately not good enough for financial/legal talk even if I call the bank… So, I was hoping that someone can offer some clarity here.
by Lurlerrr