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contracted out- options?
Comments
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mumsiedebs wrote: »My shps pension is not public sector.
Both have offered lump sums and reduced pensions.
My shps pension offers a choice of enhanced pension if i give up my survivors pension. LGPS does not offer a survivor pension.
If i take Shps i will not be on the higher rate tax allowance as both my salary and pension would be below £46k.
Yes it does, as long as you have an eligible spouse/partner at the time of your death. However, you can't give it up in order to enhance your own benefits.0 -
mumsiedebs wrote: »My view is based on how i feel as its so complicated to work it all out.
It should be based on what the maths is not what you "feel".
The fact its complicated doesn't alter whether you made money or not(which the vast majority did). Why do you think you're in the small minority that didnt?0 -
I have been helped on this page to realise I cannot pay extra to increase my pension and that despite the contracted out affect on my state pension ts still been a better decision.
many thanks for setting me straight.0
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