Pension Non-protected rights?

EverGreen82

Hi all.

I'v recently started making monthly contributions into a L & G stakeholder Pension. The pension statemate tells me that I have non-protected rights.

What do these non-protected rights mean?

Cheers

dunstonh

What do these non-protected rights mean?

It is indicated you dont have protected rights

non-protected rights is what your personal contributions (and what they grow to) are called. It is also called ordinary rights and you often see reference to either name.

shaunrc

Hi

All it means is that you have paid in the money. It doesnt mean that the money is in some way not protected! The alternative of protected rights is money that has been paid in by the DHSS if you had contracted out of the state second pension. So it doesnt mean that one is safer than the other but merely how it is paid in and by whom.

It used to be that the two types of contribution had different rules under pension legislation but that has now changed and they are very similar.

EverGreen82

Thanks for the replys.