Wife's pension found - but what to do?

jibblyjabbly

My wife actually sent the email. The most important thing for us is that we have some time to think about it and UC / DWP aren't going to jump on us because we had money we didn't tell them about. Whether we do anything with it or not, knowing that until we touch it we are safe is all we need. We will chase for the website login and policy documents et al next week. Today is for Pukka pie and chips, earned as I lost 700 grams this week.

Wishing everyone a good weekend.

warm regards

R

DE_612183

which "pension people" are you talking about?

Is that Lloyds? DWP? 

justwhat

jibblyjabbly said:

Got an email from the pension people who said that once you reach SPA the annual pension would be reduced by £222. "Once a pensioner becomes eligible to draw their state pension, state pension deduction will be stopped since the pensioner is no longer reliant solely on their occupational pension".

Still no policy documents but am working on it.

I assume this new information doesn't change the notional unearned income issue I'm wrestling with? 

Also, I am going to request (again - see below) a copy of the policy document. Can someone tell me what I should look for in this?

I asked for it in my last email but the reponse was "we cannot send the policy document to your address". Doesn't really make much sense. They also ignored my request for help accessing my wife's pension account via the website. So something else to do today, or on Monday.

Warm regards

R
 

We are about to take a  pension. and above is what we have been told.  Our UC migration claim ends in a few months. So we will take a lump sum and a monthly income. As far as we were aware and increase in defering or not taking a lump some would only gain approx 5% per annum.  Due to the tax when we get state pension we have decided to take as much as possible out of pension before we are liable for tax in the future.

If we were able to stay on UC we would not have taken the pension.