Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@.

Search
  • FIRST POST
    • minty777
    • By minty777 11th Oct 16, 10:25 AM
    • 129Posts
    • 108Thanks
    minty777
    Works Pension annual statements active member
    • #1
    • 11th Oct 16, 10:25 AM
    Works Pension annual statements active member 11th Oct 16 at 10:25 AM
    1) Annual pension benefit statement has been received every year up to 1st June each year.This year I have not received one as yet.Are they obliged to send one to me if I request it?

    2)If your made redundant,and your in a DB company pension,does the pension increase each year as a minimum increase?
    Last edited by minty777; 11-10-2016 at 10:29 AM.
Page 1
    • ischofie1
    • By ischofie1 11th Oct 16, 10:59 AM
    • 84 Posts
    • 53 Thanks
    ischofie1
    • #2
    • 11th Oct 16, 10:59 AM
    • #2
    • 11th Oct 16, 10:59 AM
    Answer 1 - For DB schemes you generally don't get annual statements although there may be exceptions & you could ask for 1 if you wanted.
    Answer 2 - If you leave employment there is an obligation to increase your DB by inflation as a minimum but some may increase by more depending on scheme rules.

    Regards.
    • johndough
    • By johndough 12th Oct 16, 11:07 PM
    • 454 Posts
    • 167 Thanks
    johndough
    • #3
    • 12th Oct 16, 11:07 PM
    • #3
    • 12th Oct 16, 11:07 PM
    Hi

    You say active member, so you are entitled to a statement.

    Either an Annual Benefit Statement or a statement of your Pension value , compared to a year ago, so that you can assess whether your have exceeded your annual allowance and need to inform HMRC (Her Majesties Rhubarb and Custard)
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

5,403Posts Today

5,738Users online

Martin's Twitter