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Miners Pension Scheme, claim early ?
iwant2savemoney
Posts: 445 Forumite
Looking for some advise.
I reach the age of 60 in just over 3 months time, looking on my miners pension forcast if I claim now 3 moths early there isnt a great deal of differance in the amounts, I had a letter off the scheme today stating that theres now a bonus of 32% on top of the guarateed pension, I didnt want to miss out on this so i'm thinking of claiming it now, is there any reason not to.
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Comments
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No special knowledge of this pension - but worth familiarising yourself with what happens on Jan 1st with respect to inflationary revaluations.With my pension there’s a big differences between indexing that happens before I take it, versus after I take it.0
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It is unlikely that a future change in government would go back on this gift from Labour to miners. Labour certainly won't do and there isn't going to be a change of government in that time.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
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