When to take civil service pension age 60 or 70

westv

Does the CSPS require members (deferred or otherwise) to jump through many hoops when claiming?

OldBeanz

westv said:

Does the CSPS require members (deferred or otherwise) to jump through many hoops when claiming?

No more than any pension provider. So they would want to know department and staff number; approx dates of service; wedding certificate if married; fill in a form and post back to them then wait.

westv

OldBeanz said:

westv said:

Does the CSPS require members (deferred or otherwise) to jump through many hoops when claiming?

No more than any pension provider. So they would want to know department and staff number; approx dates of service; wedding certificate if married; fill in a form and post back to them then wait.

Ok. Well the marriage certificate bit has already been done a while ago so one less thing for my wife to deal with when the time comes.

OldBeanz

westv said:

OldBeanz said:

westv said:

Does the CSPS require members (deferred or otherwise) to jump through many hoops when claiming?

No more than any pension provider. So they would want to know department and staff number; approx dates of service; wedding certificate if married; fill in a form and post back to them then wait.

Ok. Well the marriage certificate bit has already been done a while ago so one less thing for my wife to deal with when the time comes.

I think it has to be done again

westv

OldBeanz said:

westv said:

OldBeanz said:

westv said:

Does the CSPS require members (deferred or otherwise) to jump through many hoops when claiming?

No more than any pension provider. So they would want to know department and staff number; approx dates of service; wedding certificate if married; fill in a form and post back to them then wait.

Ok. Well the marriage certificate bit has already been done a while ago so one less thing for my wife to deal with when the time comes.

I think it has to be done again

Why? That makes no sense. What was the point of her doing it in the first place? I am sure she was asked for it.

GunJack

OldBeanz said:

westv said:

Does the CSPS require members (deferred or otherwise) to jump through many hoops when claiming?

No more than any pension provider. So they would want to know department and staff number; approx dates of service; wedding certificate if married; fill in a form and post back to them then wait.

On the rare occaisions I've had to contact MyCSP about my deferred pension, they've never asked me for these...good job I still know my staff number after 15 years away

(...but I do have paperwork to remind me should I need it )

OldBeanz

westv said:

OldBeanz said:

westv said:

OldBeanz said:

westv said:

Does the CSPS require members (deferred or otherwise) to jump through many hoops when claiming?

No more than any pension provider. So they would want to know department and staff number; approx dates of service; wedding certificate if married; fill in a form and post back to them then wait.

Ok. Well the marriage certificate bit has already been done a while ago so one less thing for my wife to deal with when the time comes.

I think it has to be done again

Why? That makes no sense. What was the point of her doing it in the first place? I am sure she was asked for it.

westv said:

OldBeanz said:

westv said:

OldBeanz said:

westv said:

Does the CSPS require members (deferred or otherwise) to jump through many hoops when claiming?

No more than any pension provider. So they would want to know department and staff number; approx dates of service; wedding certificate if married; fill in a form and post back to them then wait.

Ok. Well the marriage certificate bit has already been done a while ago so one less thing for my wife to deal with when the time comes.

I think it has to be done again

Why? That makes no sense. What was the point of her doing it in the first place? I am sure she was asked for it.

Having applied for my wife and myself over the past few years, this is what's required.
No rhyme or reason to them.
They are useless.
Good luck

zagubov

I thought I was due to retire at 66  but when I checked my pension website I realised my retirement age was 60. I still have several years of a mortgage to pay off so I considered delaying my pension so I could carry on working.

I found it was very difficult to find out how I'd get back the pension I'd be forfeiting. In the end I took my pension a little bit early and continued working.

Some DB schemes don't like you to receive a pension while still working full-time in that profession.

They would claw back a huge portion of your pension so you don't earn more than your "salary of reference" which would mean you'd be working too much for the same income.

Not sure you'd ever see that money again. You'd have to cut your working week and paid salary while collecting your pension (the Teacher's Pension is like that)

Don't think that'll apply in your case as it sounds like you're working in a different sector from your pensionable job. 

But it might explain why some people might want to retire a little bit later so they can keep collecting a high income.

In the end, I absolutely think collecting my pension around the age of 60 was the right decision.

It's an inflation-proof guaranteed income.

You've got the ability to continue working and maybe put money in a new pension to keep your tax low.

You might as well receive it while you've the time and good health to benefit from it, as unlike a DC pension you can't pass it fully on to your next-of-kin ( they may inherit a fraction of it IF they've the gumption to ask for the forms - DB pensions used to be famous for not telling widow(er)s they were entitled to anything ).

If you do decide to collect your pension (and if there's a lump sum option you need to decide about), be aware that in some pensions you can't change your mind about anything after you press "submit".

They're not a chatty bunch and there's no further dialogue until the money pops into your bank account on your 60th birthday without any preamble whatsoever.

These DB retire at 60 pensions are like gold standard right now. Taking it may allow you to recalibrate your work-life balance very much in your favour. Do think about this very seriously.