We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Paid in under 2years work pension can i reclaim?

Hi,

I paid into a scottish widows cont pension through a previous employer for under two years. I thought i could claim back my contributions which amounted to £920. When I contacted SCottish widows they said I also had to claim it back within under two years of starting it (I was a month late). Is this right?? any help would be most appreciated. Out of work at the moment and for the first time ever finding it really tough to get another job.

Thanks much
*Claiming Lloyds TSB bank Charges £3995.00

Comments

  • tehone
    tehone Posts: 640 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I don't think thats entirely true, I'm sure I claimed back several years later when I was in a similar position.
  • dunstonh
    dunstonh Posts: 120,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I dont think its right. Normally with money purchase schemes you have no period you can get your money out. The two year thing applies to certain final salary schemes and not money purchase schemes.
    I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.3K Banking & Borrowing
  • 253.7K Reduce Debt & Boost Income
  • 454.4K Spending & Discounts
  • 245.4K Work, Benefits & Business
  • 601.1K Mortgages, Homes & Bills
  • 177.6K Life & Family
  • 259.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.