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Section 32 pension
george62
Posts: 1 Newbie
Matures oct 2022 has it since 1989as a current value of14000 approx , any idea of approx pay out
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Comments
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What does your pension provider say regarding this? Indeed, does your own paperwork regarding the scheme in question have anything to stay on this matter? Does it have GAR for example?0
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It will depend on the terms of the Section 32 Buyout bond.george62 said:Matures oct 2022 has it since 1989as a current value of14000 approx , any idea of approx pay out
However, if the current value is £14k then its probably worth going by that unless there are safeguarded benefits attached to it.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
Matures oct 2022 has it since 1989as a current value of14000 approx , any idea of approx pay out
Did the policy arise as the result of a transfer from a contracted out occupational pension scheme?
If so, there will be a GMP.
https://www.financialadvice.net/s32_buy_out_plan/zone/1288
See the above - how does the information given relate to your policy?
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