Mum can't get her full pension pot even though she hasn't taken anything

buckster

dunstonh wrote: »

And what does she plan to do with that transfer value once she has it?

People above have recommended that she gets the transfer value to see if it is worth transferring it to a pension where she can take the lot out if she wishes.

My dad has no pension except for the state pension so do you think that this pension would pay a percentage to my dad if my mum died at any point?

buckster

xylophone wrote: »

Is she taking her pension early on grounds of ill health?

What does her scheme booklet say about this?

No she is 69 but is going to lose her job next month due to ill health they have told her

lovinituk

Your mum can find more details about her pension here...

https://www.barclayspensions.co.uk/

...and here...

https://barclays.tbs.aon.com/logon.aspx?ReturnUrl=%2f

She will have to register if not already.

atush

buckster wrote: »

No she is 69 but is going to lose her job next month due to ill health they have told her

She can't be sacked for being ill. she needs to investigate an ill health retiral?

In any case, at 69 the Barclays pension should pay out in full? and yes there could be a spousal pension, she must investigate this?

buckster

She has been ill for 2 years next month and so they have told her she is finished then. Apparently you can't go longer than 2 years. She has also been told that because she is older than the state retirement age they do not have to give her ill health retirement so will only get her holiday pay etc

She has a meeting with them soon so I will tell her to make sure she finds out about the spousal payments

atush

He pension should have been payable from 60 or 65. Ask how much she would get from this deferral?

buckster

atush wrote: »

He pension should have been payable from 60 or 65. Ask how much she would get from this deferral?

She has got the figures today but to be honest I don't want to state them because if Barclays staff are reading, they will know who she is.

For the last 6 months they have told her she will probably get ill health retirement (almost half wages for life) and have put her through medicals (one was 3 days after a big operation) and interviews with independent doctors etc. Then a few weeks ago when she had finished all the criteria, they said "sorry, we are not considering you for ill health retirement because we have just realised you are 69 so you are too old for ill health retirement". So basically the last 6 months of building her hopes up was a waste of time. Someone is meeting with her soon to tell her what options she has.

lovinituk

What difference does 'ill health' retirement make? Surely as she is well over the Barclays Final Salary pension age, she will get the full benefits (plus perhaps more for the deferment) anyway?

I'm fairly sure that my Barclays Final Salary pension is available from 60. I'll check when I get home.

xylophone

As I recollect from the case of another Barclays pensioner, the Scheme Retirement Age for DB pensioners was 60.

Was your mother working for Barclays before she was 60?

If so, was she not contacted when she reached that age by the Scheme Administrator? How could the Administrator not have known her DOB?

Did she opt not to draw her pension?

Do you mean that she has not actually been into work for two years but has been on sick pay?

Does your mother have a scheme booklet or can she log on to the the Barclays site as detailed in post above? This should show what benefit would be payable to a surviving spouse?

Is your mother drawing her state pension?

jem16

buckster wrote: »

She has got the figures today but to be honest I don't want to state them because if Barclays staff are reading, they will know who she is.

It's almost impossible for anyone to help without knowing these figures.

For the last 6 months they have told her she will probably get ill health retirement (almost half wages for life) and have put her through medicals (one was 3 days after a big operation) and interviews with independent doctors etc. Then a few weeks ago when she had finished all the criteria, they said "sorry, we are not considering you for ill health retirement because we have just realised you are 69 so you are too old for ill health retirement". So basically the last 6 months of building her hopes up was a waste of time. Someone is meeting with her soon to tell her what options she has.

Ill- health retirement would only help her to access her pension immediately without any reduction in benefits. Due to your Mum's age she can do that anyway so there is probably no benefit.

Was you Mum still working for Barclay's two years ago before she became ill? How many years of service does she have?