Found old pension documents?

plantsandflowers

Sorting through some old papers I came across some documents dating from 1999 from "Scottish amicable personal pension scheme"
I had totally forgotten about it. To be honest, I really haven't much of a clue just what"it" is. I moved house that same year and I suppose I must have forgotten to inform the company of my new address because I can't remember having any more correspondence from them.
I remember joining a works pension scheme back in the mid eighties but I was made redundant from that company more than once, then re instated then made redundant again.
Its not worth much, The letter from February 1999 says:

Current fund value £2447.34
Current transfer value £2807.00
This includes protected rights of £1554.00

My question is, what can I or do I do with this now and will it have risen or fallen in value. I am totally clueless on this.

dunstonh

and will it have risen or fallen in value.

Probably both over the timescale.

My question is, what can I or do I do with this now

Tell them your current address for starters.

xylophone

You'll need to contact the Prudential who bought Scottish Amicable in 1997.

http://www.pru.co.uk/contact_us/telephone_numbers/

bigheadxx

Protected rights are a little more complicated as they relate to a period where you contracted out of S2P. You can get a current value from your provider but the stock market is at about the same level as 1999 so could not be worth much more. My father's £300 contribution s in 1983 were worth over £5000 in 2000.

plantsandflowers

Thank you for the replies. This might sound like a stupid question but. . .
Is there any way I might have in the past ever cashed this policy in and received any money from it? I can't remember doing so. Would this money be locked until I reached 55? I really am clueless about this. All I have are a few letters from 15 years ago that I had completely forgotten about.

macman

You can't have cashed it in, but you might have transferred it somewhere else, how can we tell you? The first thing you need to do is find out the current paid up value, which means contacting the provider as explained above.
In most cases you can't access it before 55.

dunstonh

Is there any way I might have in the past ever cashed this policy in and received any money from it?

no.

Would this money be locked until I reached 55?

at the earliest. However, most people retire later than 55.

xylophone

http://citywire.co.uk/money/how-i-caught-a-good-pension-by-mistake/a562598

might be of interest.

SallyG

Caught my eye because I dream of finding a pension I forgot that's rocketed in value.
I've been told I received a refund of contributions for/cashed in? an old LGPS pension I paid into from 1970-1974 - sadly no pension payable for that period - but I get a tiny LGPS pension from contributions made from 1975-1980 and I clearly remember getting cash back when I left then - so before 1975 the rules did allow stupidly giving up your pension to get all your contributions back but after 1975 some mechanism forced me to leave some of my pension in the scheme?
I've found a slip of paper listing something called graduated pensions for 1970 to 1973 which refers to an enclosed leaflet - long gone ..... has UKgov preserved all this stuff somewhere?

plantsandflowers

Ok all, thanks for the advice. Ill give Prudential a call and see what they say. It will be interesting to see what has happened to this small sum over the 15 years. When I find out ill let you know. (and the taxman).

xylophone

We are all waiting for our fee...:rotfl: