How do I calculate the value of a Deferred workplace pension

Albermarle

Diana26 said:

Xylophone, the reason I haven’t taken it yet is because I’ve had a lot going on with my parents since I turned 60 and haven’t really thought about it, but I will look into maybe taking it soon. When I can speak to Equinti I will ask them. You say I should read through the scheme guide, in reference to GMP do you have a link. Sorry to ask.

I do not know about Equiniti, but these large pension administrators ( like WTW for example ) are not known for their fast response times, or even answering the phone at all. 
Probably better if you can use the new online portal. 

xylophone

You say I should read through the scheme guide, in reference to GMP do you have a link. Sorry to ask.

The Guide is linked at the top of my first post above.

See page 3 of the Guide for GMP  and also read this link from my previous concerning pension increases in payment.

https://futurefocus.staff.hsbc.co.uk/-/media/project/futurefocus/information-centre/pensioner/other-information/hsbc-pension-increase-2019.pdf

Also make sure that you understand the reduction to your Midland/HSBC pension that will be applied when you reach State Pension Age - see links in my previous.

xylophone

And don't forget to obtain your State Pension Forecast.

xylophone

Probably better if you can use the new online portal. 

Let's hope it will be set up rather more speedily than relative's - it took months for Equiniti to set up his scheme's portal.