private pension

ajs4

hello I had a a private pension from British gas and 20 years ago I was disabled and was able to take the pension by cashing in a part of it and receiving £3.00 a month indefinitely I have now past retirement age and the
£3.00 a month is causing more problems than its worth with my benefits, is there any way I can cash the rest in by taking a final lump sum

atush

given this isn't a private pension, but a company pension I would suggest editing your title or making a new post?

McKneff

What problems is it causing.


Atush, forgive my ignorance but what is the difference between a private pension and a company pension.

atush

Because Older BG pensions may be Defined benefit/final salary type?

Which aren't covered under this whole new pension thing, and also once in payment they don't change?

In any case, if they listed this as an older BG pension, they might get more helpful responses having that in the title as it all under the company scheme rules- which you dont have in PPs?

xylophone

A private pension from British Gas?

Didn't BG have an occupational DB pension scheme?

If you were granted early retirement on grounds of ill health, under such a scheme you would normally receive an index linked pension - £3.00 a month for life seems very odd - can you explain further?

Whatever the case might be, I should have thought that waiving income to which you were entitled so as to increase benefits would be regarded as "deprivation of income"? http://www.ageuk.org.uk/Documents/EN-GB/Factsheets/FS48_Pension_Credit_fcs.pdf?dtrk=true page 26