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    Pension payments, in advance or arrears?
    • #1
    • 8th Jul 12, 4:35 PM
    Pension payments, in advance or arrears? 8th Jul 12 at 4:35 PM
    This seems like a daft qustion, but no-one I know seems to know the answer so I'll risk sounding daft on here...

    My OH will soon be taking early retirement, but if his retirement starts on e.g. the 1st September, when does he get his first pension payment from his company pension scheme? He thinks it will follow his salary pattern and be paid in arrears (so first payment at the end of September), but to me it would be more logical if pension payments are in advance - after all, it is not a payment for work done.

    Also which way does it work for private pensions?

    It's relevant because I am trying to work out the budget or the first few months of his retirement.

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