Midland Bank Pension

Debzydoodah

Hi,
This is quite a long shot but I worked for Midland bank for two years in my late teens, 17-19 years old, and wondered if I ever paid into any sort of pension scheme way back then and if I may be entitled to anything.

Flugelhorn

when was this? some schemes didn't kick in until a certain age and some also just pay you back contributions if you leave within a certain time

chapea

I started working for midland bank in 1983 at that time I believe you had to be 21 for their scheme 

Flugelhorn

chapea said:

I started working for midland bank in 1983 at that time I believe you had to be 21 for their scheme 

I think that was quite often the case wasn't it - suspect OP might have been too young but suppose depends when it was 

westv

chapea said:

I started working for midland bank in 1983 at that time I believe you had to be 21 for their scheme 

Better than my place. I mentioned in another thread it was 25 - (City of London Insurance broker)
I joined when I was 16.

Marcon

Debzydoodah said:

Hi,
This is quite a long shot but I worked for Midland bank for two years in my late teens, 17-19 years old, and wondered if I ever paid into any sort of pension scheme way back then and if I may be entitled to anything.

If you left before 6 April 1988 definitely not (you wouldn't have had five years of pension scheme membership).

If you left after that date you would need to have had at least two years of pension scheme membership (not just employment). Out of interest I've just done a bit of delving and there may not have been a minimum age for joining the scheme - so your exact dates of employment might be key:

xylophone

It will depend on the rules of the scheme.

See this thread

https://forums.moneysavingexpert.com/discussion/6538549/barclays-bank-1964-final-salary-pension-scheme-help/p1

Marcon

xylophone said:

It will depend on the rules of the scheme.

See this thread

https://forums.moneysavingexpert.com/discussion/6538549/barclays-bank-1964-final-salary-pension-scheme-help/p1

Yes, but the rules of the Midland Bank's scheme!

BestnamesRgone

Debzydoodah said:

Hi,
This is quite a long shot but I worked for Midland bank for two years in my late teens, 17-19 years old, and wondered if I ever paid into any sort of pension scheme way back then and if I may be entitled to anything.

Hi, I worked for the Midland Bank from the age of 18-20 back in the early 80s. I certainly don’t recall paying into a pension scheme however I contacted HSBC a few years ago who confirmed I was a pension scheme member and I took a lump sum payment earlier this year when I turned 60.

hyubh

Debzydoodah said:

Hi,
This is quite a long shot but I worked for Midland bank for two years in my late teens, 17-19 years old, and wondered if I ever paid into any sort of pension scheme way back then and if I may be entitled to anything.

My wild guess would be 'no' for the reasons Marcon gave, however contact the current administrators, EQ (https://myhsbcpension.eqtpa.co.uk/contacts/ - you'll want the Defined Benefit Members contact given hybrid membership postdates the HSBC takeover of Midland).

xylophone

Yes, but the rules of the Midland Bank's scheme!

I'd have thought that would be obvious, particularly as posts in the thread refer to schemes other than Barclays; I myself offered the example of the Natwest scheme.