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Advice on requesting pension please
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Gollom
Posts: 135 Forumite
I have some paid-up "final salary" pensions which I think I want to start drawing (I am 62)
I already have a plan that is paying out (from age 60) which I think was enhanced due to health issues. Do "final salary" pensions attract the same consideration? If so, what do I ask for?
Many thanks
I already have a plan that is paying out (from age 60) which I think was enhanced due to health issues. Do "final salary" pensions attract the same consideration? If so, what do I ask for?
Many thanks
Won
Nov 09: John Smith shirt
Nov 09: John Smith shirt
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Comments
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Ihave some paid-up "final salary" pensions
Do you mean that you are a deferred member of some DB pension schemes?
If you wish to draw the pensions you need to consult the administrators concerning the rules of these schemes and when you may draw your deferred benefits.
Have you obtained a new state pension statement?
https://www.gov.uk/check-state-pension0 -
You may have kept the scheme booklets - if not, you may be able to locate them on the internet as some schemes publish them - otherwise you will need to telephone or write to the administrators.
It is possible that the NRA of some of your schemes was 60, although could be between 60 and 65 ( or in certain schemes earlier).
Ill health retirement terms usually mean that a pension can be accessed without actuarial reduction before NRA - full details should be in the scheme booklet.
Example https://www.teacherspensions.co.uk/members/your-scheme/retirement-planning/types-of-retirement/ill-health-retirement.aspx0
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