Pension information

Timetoretire
Timetoretire Posts: 8 Forumite
Name Dropper First Post
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 

Comments

  • westv
    westv Posts: 6,416 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    It might be an idea to change the thread title to make it clearer as there is retirement software called Timeline.
  • Silvertabby
    Silvertabby Posts: 10,011 Forumite
    Eighth Anniversary 1,000 Posts Name Dropper Photogenic
    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 

    It seems that things are taking longer than they should because of the added work due to McCloud.  But nearly 6 months is unacceptable.  See if your employer can give them a kick.

    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.   
  • Timetoretire
    Timetoretire Posts: 8 Forumite
    Name Dropper First Post
    Thanks @westv ,I will look at how to edit the title. 
  • Timetoretire
    Timetoretire Posts: 8 Forumite
    Name Dropper First Post
    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 again 
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