Pension

getlyn62

hi all my dad died 2013,he was 79, recently I received a letter about a pension he had, he must have forgotten about it, anyway they say we have to have the payments yearly, as government rule states this, is this right, can we not ask for a lump sum, it is only a small amount about £300 a year.
thanks in advance

PensionTech

Legislation does permit the scheme to pay you a lump sum rather than an annual pension. However, the scheme doesn't have to allow this. Write to them and see what they say. Ask them if they will pay the benefit as a trivial commutation lump sum death benefit. If they don't, then you can't make them, but at least you tried.

getlyn62

PensionTech wrote: »

Legislation does permit the scheme to pay you a lump sum rather than an annual pension. However, the scheme doesn't have to allow this. Write to them and see what they say. Ask them if they will pay the benefit as a trivial commutation lump sum death benefit. If they don't, then you can't make them, but at least you tried.

thanks will try an write a letter today, I am not very savy on these things and hope I can word it right, thanks again for your help
Lyn

kidmugsy

getlyn62 wrote: »

thanks will try an write a letter today, I am not very savy on these things and hope I can word it right, thanks again for your help
Lyn

Come to think of it, it might be helpful if MSE were to post a few draft letters that people could adapt for that sort of purpose.