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Getting the house in order!
Comments
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Right:
Have you heard the one about the cat, the dog, and the fox?
No?
Actually, neither have I!!! :rotfl::rotfl::rotfl::rotfl:
Why does nobody ever laugh when I tell that joke?? huh? What is it with peeps these days. Mannnnnnnn .....
Your state pension age and occupational pension age may not be the same.
Because your joke is terrible !
Do you mean when can I take my occupational pension from? If so, it's 55.
LXDaddy, I will have to get over my Maths aversion if I'm ever going to improve the finances, so I'm hoping that it's a case of keep reading, and having a go. Sometimes I need to have some different explanations, or just hear it a few times before the penny drops. Another thing is that people on loads of these forums use a lot of jargon/letters for things and I have no idea what they mean. For example what is OP? Operator, Old Person, Outstanding Pensioner, who knows!;)
I think you are correct there but for the OP, as in many cases, its not about absence of intellect rather than absence of familiarity with pension concepts and what the numbers represent.
The OP needs to step back a number of paces and just get familiar with the fundamentals of the pension and distinguish the different areas. Working with numbers but not been fully aware of that these numbers represent gives the impression of maths aversion.
If the OP keeps coming back on here she can learn a great deal - she may then need some assistance or advice from an IFA but I always say its necessary to have a certain degree of familiarity even before getting external advice. This forum can provide much of that basic advice.TrialTrying different methods of decluttering..... Random at present but not very organised.0 -
Because your joke is terrible !
Awww whattttttt ....... surely not ..... you can't mean it .... man oh mannnDo you mean when can I take my occupational pension from? If so, it's 55.
Ok there are three dates:
55th Birthday is the earliest you can access your local government pension.
your normal retirement date will be the date you can retire and access your occupational pension without any reductions. That's likely to be 65 in your case.
your sPA is your state pension age which you said earlier is 66. Thus that is the date when you get your state pension.. Another thing is that people on loads of these forums use a lot of jargon/letters for things and I have no idea what they mean. For example what is OP? Operator, Old Person, Outstanding Pensioner, who knows!;)
As kerfuffle says above - OP is Original Poster which usually means the original poster on a thread, and in this case as you started the thread you would be the original poster.
As for me, ain't nothin original about me at all ..... Anyways, I'm gonna go see if I can find someone else to laugh at my joke. Jeez, there has to be somebody that will laugh at my joke ....0 -
Thank you all for your posts. I'm reeling from Kidmugsy's two part one. With my maths aversion, I'll need to sit and go over this a bit more!
I've never heard of Provolone cheese by the way, so something else to try.
Being american, I know Provolone cheese very well- but we use it on subs and sandwiches, not pasta lol.0 -
LXDaddy, I will have to get over my Maths aversion if I'm ever going to improve the finances, so I'm hoping that it's a case of keep reading, and having a go. Sometimes I need to have some different explanations, or just hear it a few times before the penny drops. Another thing is that people on loads of these forums use a lot of jargon/letters for things and I have no idea what they mean. For example what is OP? Operator, Old Person, Outstanding Pensioner, who knows!;)
As translated already OP = Original Poster, the person who started this thread - in this thread that's sqwiffy
I agree, we have jargon overload and it can be intimidating to newcomers.
Some acronyms are common across many discussion boards or forums like this but others are specific to the industry or subject matter.
OP is a general forum abbreviation
PCLS is specific to pension discussions (Pension Commencement Lump Sum)
DB and DC are specific to pensions - are different types of pension (Defined Benefit and Defined Contribution)
AA and LTA are popular in a couple of current discussions (nothing to do with Automobiles or Tennis)
and there are loads more.
Thankfully, this forum is peopled by polite, helpful individuals who always seem prepared to explain so if you see something you don't understand just ask for clarification.0 -
Hopefully I'm not repeating anything that's already been said!
But it appears that you are just a few years away from the age of 60 and you already have over 25 years in the LGPS scheme. This means that if you delay accessing your LGPS until the age of 60 you should be able to take ALL of your LGPS benefits accrued up to 2008 without any actuarial reduction at all (rule of 85). Anything accrued after this date would be subject to actuarial reduction..
It really is worth getting some advice from your pension administrator regarding retirement at 60 and impact of rule of 85.0 -
Because your joke is terrible !
Do you mean when can I take my occupational pension from? If so, it's 55.
LXDaddy, I will have to get over my Maths aversion if I'm ever going to improve the finances, so I'm hoping that it's a case of keep reading, and having a go. Sometimes I need to have some different explanations, or just hear it a few times before the penny drops. Another thing is that people on loads of these forums use a lot of jargon/letters for things and I have no idea what they mean. For example what is OP? Operator, Old Person, Outstanding Pensioner, who knows!;)
I think you are correct there but for the OP, as in many cases, its not about absence of intellect rather than absence of familiarity with pension concepts and what the numbers represent.
The OP needs to step back a number of paces and just get familiar with the fundamentals of the pension and distinguish the different areas. Working with numbers but not been fully aware of that these numbers represent gives the impression of maths aversion.
If the OP keeps coming back on here she can learn a great deal - she may then need some assistance or advice from an IFA but I always say its necessary to have a certain degree of familiarity even before getting external advice. This forum can provide much of that basic advice.
We did have a sticky for just this situation (ie newbies like you wanting to know abbreviations), but MSE took it away (they said for a little bit) but been years now I am afraid. Still there in the big sticky i think, why not have a look?
But dont ask us to post EVERY SINGLE WORD IN FULL as there as that means instead of answering 10 posts, a helpful poster might only answer 2 or 3?0
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