We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Cash pension in?

Options
13»

Comments

  • molerat
    molerat Posts: 34,557 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    edited 3 February at 2:07PM
    V3cash said:
    molerat said:
    And there should also be "You've been in a contracted-out pension scheme" below that, important to the accuracy of your forecast that it has that statement.

    No it doesn’t have that anywhere, I will write to the pension department to see if I can clarify if my pension was one of those, I believe after 2016 non of the nhs pensions were opted out.

    Contracting out ended in 2016 for all but any pre 2016 NHS service would be and your state pension forecast should have that statement referring to it.

  • Flugelhorn
    Flugelhorn Posts: 7,306 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    re 1995/2008 that was the Choice exercise where you were given all the info and had to decide whether you wanted to stay on 95 or change to 08. 
    as there was no info for me I had to decide anyway, NHS pensions were actually quite helpful and said if you want to retire at 63 or younger stay in 95, 63 or older go for 08. 
    If you did have info that may be what you decided 
  • V3cash
    V3cash Posts: 282 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    re 1995/2008 that was the Choice exercise where you were given all the info and had to decide whether you wanted to stay on 95 or change to 08. 
    as there was no info for me I had to decide anyway, NHS pensions were actually quite helpful and said if you want to retire at 63 or younger stay in 95, 63 or older go for 08. 
    If you did have info that may be what you decided 
    Yes i probably opted for early retirement back then so that would explain the lack of 2018 on my reward statement.


    Barclaycard £5800 (0%) ends April 26.
    2025-26 MFW Target #68 £13,500/ £13,104 
    Mortgage  free Aim July 2027.
    July 25 £57,000 
    house improvement/emergency budget/holiay fund ✅

  • V3cash
    V3cash Posts: 282 Forumite
    Eighth Anniversary 100 Posts Name Dropper Photogenic
    edited 3 February at 2:26PM
    molerat said:
    V3cash said:
    molerat said:
    And there should also be "You've been in a contracted-out pension scheme" below that, important to the accuracy of your forecast that it has that statement.

    No it doesn’t have that anywhere, I will write to the pension department to see if I can clarify if my pension was one of those, I believe after 2016 non of the nhs pensions were opted out.

    Contracting out ended in 2016 for all but any pre 2016 NHS service would be and your state pension forecast should have that statement referring to it.

    Just checking screen shot it has it written at the bottom that I was opted out , just didn’t scroll down far enough 


    Barclaycard £5800 (0%) ends April 26.
    2025-26 MFW Target #68 £13,500/ £13,104 
    Mortgage  free Aim July 2027.
    July 25 £57,000 
    house improvement/emergency budget/holiay fund ✅

Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.9K Banking & Borrowing
  • 253.1K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.9K Work, Benefits & Business
  • 598.8K Mortgages, Homes & Bills
  • 176.9K Life & Family
  • 257.2K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.