early pension calculation

jem16

harrynicholas wrote: »

Didn't I say forget it? You lot don't listen do you.

In other words - "I don't know what type of pension I have".

harrynicholas

jem16 wrote: »

In other words - "I don't know what type of pension I have".

No I don't know, or at least I think I don't know, 'cos although I think of it as a private, personal pension I set up with the pru, you blathering folls prbably have a fancy-smanshy high-falooting moniker that make things evn more confusing, so, just try to forget I asked okay? My letter will probably come tomorrow morning, I'll see exactly how much I can expect and it'll all be forgotten about. And why is so important to you that I know or don't know, I suppose you'll point and go "wah wah he doesn't what type of pension he has, wah wah." Just try to be helpful.
Bottom line, forget it, it was a general inquiry, I didn't expect the Spanish Inqisition.
Drop it, it's over, I've already shot myself.

harrynicholas

jem16 wrote: »

It makes a huge difference.

For example if it was to be a defined benefit (i.e. based on years of service) pension, taking it early could see you lose as much as 5% for each year it is taken early. As your retirement age is 65 that could see you lose 50% of your pension.

Now can you see why it's important?



It's not though and several people have tried to tell you that - and that was before you became abusive. These people genuinely tried to help but for some reason you thought they were just trying not to answer you.



That's better - why couldn't you have done that earlier?

I didn't do that earlier 'cos the first response to this thread was:

"I presume it's not a final salary scheme. What percentage do you lose for each year before your normal retirement date?"

Which was the question I was asking. Go check.

harrynicholas

lilac_lady wrote: »

I've read the thread and can only hope that harrynicholas doesn't have a partner to bully when he retires, no matter when that is.

Go back and read the first four posts in this topic and maybe you'll get it. Other than that, who asked you?

harrynicholas

dunstonh wrote: »

Jem also stated that we dont know what type of pension you have. So, any response is a guess and the tax and NI answer is part of the potential negatives which have to be offset against the potential positives.

You dont want to listen and you dont want to know and you dont come across as a very nice person. So, regardless of what is said on this thread again, I am not going to contribute to it any further.

Go back and read the first 5 posts in this thread.

jem16

harrynicholas wrote: »

No I don't know, or at least I think I don't know, 'cos although I think of it as a private, personal pension I set up with the pru,

There you go - that was easy. Why couldn't you have said that Dunstonh asked you politely in Post 5? He would have been able to give you a more informed answer.

Or if you answer Ed's post she might give you an answer.

you blathering folls prbably have a fancy-smanshy high-falooting moniker that make things evn more confusing,

No we don't. It's called a personal pension.

so, just try to forget I asked okay? My letter will probably come tomorrow morning, I'll see exactly how much I can expect and it'll all be forgotten about.

The pru can't give you advice as to what you would be better off doing so you'll be relying on your own knowledge(or lack of) to make the most important decision of your retirement.

And why is so important to you that I know or don't know, I suppose you'll point and go "wah wah he doesn't what type of pension he has, wah wah."

It's not important to me. However it is important to you and makes all the difference to how informed the answers would have been.

Just try to be helpful.

We were - it's you that was being unhelpful.

already shot myself.

In the foot yes.

harrynicholas

bendix wrote: »

That's the spirit harry. There's no better way of getting the right response than to come on a forum, ask a question which would be better off asked to your pension provider because we don't know your circumstances, and then slag people off for not giving you what you want.

Could I suggest that when you cash in your pension, one way to spend your lump sum might be to invest in a copy of 'How to Make Friends and Influence People?

Because sure as eggs are eggs noone is gonna help you now.

Goodbye and good luck.

Hey idiot boy go back and read the first 5 posts and maybe you'll see why I'm not wasting politeness. And you were so helpful too pointing me in the right direction and giving sound advice.

Anyway, I've asked everyone to forget the whole thing, I've already shot myself in the head as I don't live up to your high standards and I'm wasting space.

harrynicholas

jem16 wrote: »

There you go - that was easy. Why couldn't you have said that Dunstonh asked you politely in Post 5? He would have been able to give you a more informed answer.

Or if you answer Ed's post she might give you an answer.




No we don't. It's called a personal pension.



The pru can't give you advice as to what you would be better off doing so you'll be relying on your own knowledge(or lack of) to make the most important decision of your retirement.




It's not important to me. However it is important to you and makes all the difference to how informed the answers would have been.




We were - it's you that was being unhelpful.



In the foot yes.

Please try to forget it, I'm sure you have better things to do, but I sit here at my keyboard all day long with no-one to fight with....if only my accountant hadn't been having the day off, none of this would have happened.

EdInvestor

harrynicholas wrote: »

I think of it as a private, personal pension I set up with the pru..

OK we seem to inching forward a little.

First you need to find out how much the fund is worth now.Ring up the Pru and ask for the "transfer value"..Deduct 25% which is the amount you can take in tax free cash.

Then you need to go to the pension annuities section of this website:

www.fsa.gov.uk/tables

Input the amount, your age, and any other info that is relevant (eg if you want a spouse pension)and the website will tell you more or less how much you can expect in pension (annuity) income now.

After that you can work out the answer to your original questions.

Hope that helps.

bendix

harrynicholas wrote: »

I'm sorry it's been such a pain for you to do your job, as in the meantime I sort of worked it out for myself

You really are quite a case, arent you?

It is NOT our 'job' to provide you with advice. We are all private citizens. What gives you the arrogance to assume we are at your beck and call to provide you with information when, it appears, you dont even know what sort of pension you have, nor how much it's worth.

As for shooting yourself for not living up to our standards, well go ahead.

You certainly win the prize for the most obnoxious new poster of recent months.