UC & Pension

kaMelo

calcotti said:

kaMelo said:

Does not the information on p26 of the link posted apply regarding deferred pensions?
Essentially treated as having the income whether taken or not

If you are referring to the link I posted the pages are not number - which paragraph(s) are you referring to?

sorry, it showed page numbers on the browser.
 
1 UC Regs, reg 74(4)
Retirement pension and state pension - notional income

or more specifically a bit further down, 
1 UC Regs, reg 67, SPC Act 02, s 16(1)(a)-(e

Deferring retirement pension and state pension

And a little further down 
1 SPC Regs, reg 18(1D)

Example.
Asif decides to take his payments at the age of 60. The DM decides that Asif has not deferred payment of his occupational pension because he has taken the pension at the retirement age for the scheme

Inferring that taking payments later than the normal scheme retirement age is classed as deferral therefore would be included as notional income.

calcotti

Retirement pension in the ADM refers to the old state retirement pension not an occupational pension.

kaMelo

calcotti said:

Retirement pension in the ADM refers to the old state retirement pension not an occupational pension.

Apologies, I read RP and somehow my brain converted that to occupational pension.

I do still wonder about the example at 1 SPC Regs, reg 18(1D), although it would have been a little more helpful what would happen if Azif had waited until he was 62 to claim his occupational pension.

calcotti

kaMelo said: I do still wonder about the example at 1 SPC Regs, reg 18(1D), although it would have been a little more helpful what would happen if Azif had waited until he was 62 to claim his occupational pension.

But the SPC Regs only deal with people who have reached pension age (now that pension and PC age are the same). I do agree it would be helpful to have an example which fits the circumstances OP is asking about - it must be quite common.

The paragraph (H5170) in which the example occurs begins “A claimant who has reached qualifying age for SPC and has entitlement to an occupational pension but who has elected to defer payment ...”. It’s a very out of date example because it is now quite a few years since SPC age was 60.