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Deferred Company Pension

Just noticed that my annual calculation hasn’t increased.
apparently, I could have taken at 60.

spoke to pension company and they say I can’t back date to age 60.
Zurich insurance is the Company and I’ve just checked that they do have back dated rules for deferred Pension……..not sure where to go from here…….!

Comments

  • DullGreyGuy
    DullGreyGuy Posts: 15,737 Forumite
    10,000 Posts Second Anniversary Name Dropper
    So do you have an annuity or a db pension?

    If it's a db pension, then how do Zurich fit in? 
  • xylophone
    xylophone Posts: 45,426 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Are you saying that you were a member of Zurich's own occupational pension scheme or that you were a member of another company pension scheme which either

    was transferred to Zurich by way of a S32 policy

    or 


     is administered by Zurich?

    Normal Scheme Pension Age is 60?

    How old are you now?

    How long has the pension been deferred?

    Have you obtained  state pension forecast (assuming that you have not yet reached SPA)?

    https://www.gov.uk/check-state-pension

    Are you male or female?

    Was the pension scheme contracted out  and if so were you a member of this scheme between 1978 and 1997?
  • Marcon
    Marcon Posts: 12,996 Forumite
    Eighth Anniversary 10,000 Posts Name Dropper Combo Breaker
    edited 7 October 2024 pm31 4:19PM
    Just noticed that my annual calculation hasn’t increased.
    apparently, I could have taken at 60.

    spoke to pension company and they say I can’t back date to age 60.
    Zurich insurance is the Company and I’ve just checked that they do have back dated rules for deferred Pension……..not sure where to go from here…….!
    From what you've said, it sounds as if you have a defined benefit pension provided through Zurich, with a Normal Retirement Age of 60 and (possibly) no 'late retirement' factor.

    Where you go is back to Zurich to ask them if you can draw your pension now, backdated to age 60 - and if you can't, could they please explain to you exactly what your options are under the rules of your particular scheme.
    Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!  
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