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  • FIRST POST
    • grantie2u
    • By grantie2u 11th Jul 17, 4:15 PM
    • 16Posts
    • 2Thanks
    grantie2u
    No freedom for my pension!!!
    • #1
    • 11th Jul 17, 4:15 PM
    No freedom for my pension!!! 11th Jul 17 at 4:15 PM
    I'm approaching 55 and I'm considering taking my ex Royal Mail pension at 55. I've read a lot about people getting a cash equivalent value and transferring it to my private pension so that i can draw however much I wish from it, get a larger tax free 25% in the first instance and in the event of my death I can will all of it to my spouse or children instead of just 50% of it or worse still nothing when my wife also dies.
    Royal mail tell me that whist I can request the cash equivalent value, I can not transfer it to a private scheme which would offer me pension freedom as it is now a part of the unfunded public sector schemes meaning I can not take advantage of the pensions freedoms.
    I have never received any communication either from Government or Royal Mail about this and feel cheated of the opportunity to take advantage of the pensions freedoms the rest of the country has, why is this the case and why is it ok that no one told us this?
Page 3
    • grantie2u
    • By grantie2u 16th Jul 17, 10:29 AM
    • 16 Posts
    • 2 Thanks
    grantie2u
    Some very interesting points everyone thanks to you all for your comments, it's been emotional.
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