Baffled

atush

Or they could give us back our abbreviation STICKY so newbies could look up what they dont already understand? And they can ask too- many do and aren't afraid to.

I only used PA for personal allowance, which most taxpayers understand.

tkeenan31

This is the pension from his current employer. We thought that this included pension money from each employer he has worked for. Is that not the case? Might he have further pension contributions with different employers? He has worked for 4 different companies. This is the whole problem for us. We just have no idea how all this works. Sorry to be a pain but please, if you can offer any advice it would be very much appreciated. Also, I have paid into pensions with 5 employers and we also have a disabled daughter for whom I have received carers allowance in between jobs when my daughters health was poor and I had to give up work to look after her. I am 58 years old if that is of any relevance? Thanks to everyone who tried to help.

xylophone

As you and your husband are both over 55 you can get a state pension statement which will give you your foundation amounts for the new state pension which may help with future planning.

https://www.gov.uk/state-pension-statement

Your husband may indeed have pensions relating to his four previous employments as well as the pension with EL.

If he has no paperwork, he can try here https://www.gov.uk/find-lost-pension as indeed can you if you are in a like position.

It will then be possible for him/you to check the type of scheme (whether defined benefit/final salary or money purchase/defined contribution.

If he is going to continue working for this employer, he does need to check out the auto enrolment position.

https://www.gov.uk/workplace-pensions

With regard to your having been a carer, you could be receiving NI credits for your state pension.

https://www.gov.uk/carers-credit/overview

atush

You could say where he worked on the 4 previous jobs, esp if a larger company. This can help others help you but the links above are good too.

If you have any old paperwork incl old payslips this will help too.

zygurat789

You're 55 and asking about pensions and as you have seen there's a lot of information about pensions which you haven't told us, probably because you don't know yourself. You HAVE to find out about any pensions you may have even if you don't tell us the figures. You have a lot to learn but we are here to help you.
First you MUST find out all the pensions you both have. This means writing to all previous employers giving dates of employment NI number and any works number, ask about there pension scheme and your involvement therein. It is possible that the pension was transferred to the next employer and it is possible that it was not. Do not forget to get a state pension forecast.
Look on these pensions as savings accounts, wouldn't you want to know where all your savings accounts are and how much is in each one?
Once you know what you actually have then it will be possible to offer more advice.

woolly_wombat

Goldiegirl wrote: »

I meant that she's had a load of acronyms fired at her like SRP, PA, S&S ISA and ELAS WP. If she was confused by the original letter, she's probably not particularly aware and all the acronyms will be meaningless.


This board is great for advice - but the jargon may not make any sense to the people asking the questions.

Sorry, I thought it would make sense in the context of the original query.

ELAS = Equitable Life Assurance Society

WP = with-profits (although, sadly, would be more accurately described as 'without-profits' for Equitable Life)

xylophone

ELAS = Equitable Life Assurance Society

More like "ALAS" in the event......?:(