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Pension information

Timetoretire
Posts: 8 Forumite

Thanks in advance for any replies .
Does anyone know the timeline for LGPS to reply with a pension estimate. It was requested in Oct..24 . they then asked my company to request again in early March when they contacted asking for an update.
This was a month ago, but I've not heard anything yet. I have emailed my company's pension department again.
I want to retire on 31st August this year.
I also pay into an AVC, from my wages and understand I should stop paying this , so it can be sorted in time for my retirement. I am not sure when to do this.
I don't want to mess up the system by just cancelling my payments! Not sure when to do this.
Any help would be appreciated.
Thank you
Does anyone know the timeline for LGPS to reply with a pension estimate. It was requested in Oct..24 . they then asked my company to request again in early March when they contacted asking for an update.
This was a month ago, but I've not heard anything yet. I have emailed my company's pension department again.
I want to retire on 31st August this year.
I also pay into an AVC, from my wages and understand I should stop paying this , so it can be sorted in time for my retirement. I am not sure when to do this.
I don't want to mess up the system by just cancelling my payments! Not sure when to do this.
Any help would be appreciated.
Thank you
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Comments
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It might be an idea to change the thread title to make it clearer as there is retirement software called Timeline.1
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Timetoretire said:Thanks in advance for any replies .
Does anyone know the timeline for LGPS to reply with a pension estimate. It was requested in Oct..24 . they then asked my company to request again in early March when they contacted asking for an update.
This was a month ago, but I've not heard anything yet. I have emailed my company's pension department again.
I want to retire on 31st August this year.
I also pay into an AVC, from my wages and understand I should stop paying this , so it can be sorted in time for my retirement. I am not sure when to do this.
I don't want to mess up the system by just cancelling my payments! Not sure when to do this.
Any help would be appreciated.
Thank you
As for your AVCs, if payment time is of the essence then you will need to stop your contributions before you retire. I used to recommend one full month before your last day of service, so your LGPS can confirm that there are no further payments in the pipeline when they ask the Pru (?) to disinvest your savings. But, the way things are going at the moment, you may wish to consider cancelling your payments at the end of June.1 -
Thanks @westv ,I will look at how to edit the title.0
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Thanks @Silvertabby
It was explained to me in Oct that it would probably be Feb, March before I heard.
I will hopefully hear very soon and then stop the avc in plenty of time.
Thanks again1
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