SAUL flexible options?

katejo

I am approaching retirement and have a SAUL DB pension. It had never occurred to me to take any of it until I fully retired but I have read so many comments about the flexible options on NHS and USS pensions that I began to wonder whether I was missing something. I contacted a SAUL pension advisor who said that SAUL doesn't allow it at all. I have to retire completely from my post and stay away from my current university employer for at least 1 month before I could return and do casual hours for them. I was surprised at this. Has anyone on SAUL been told differently?  I am further dropping my hours to working 3 days a week from September. I don't know how long I will do that. Thanks

Marcon

katejo said:

I am approaching retirement and have a SAUL DB pension. It had never occurred to me to take any of it until I fully retired but I have read so many comments about the flexible options on NHS and USS pensions that I began to wonder whether I was missing something. I contacted a SAUL pension advisor who said that SAUL doesn't allow it at all. I have to retire completely from my post and stay away from my current university employer for at least 1 month before I could return and do casual hours for them. I was surprised at this. Has anyone on SAUL been told differently?  I am further dropping my hours to working 3 days a week from September. I don't know how long I will do that. Thanks

SAUL doesn't offer flexible retirement. See https://www.saul.org.uk/what-will-i-get-from-SAUL

Dazed_and_C0nfused

katejo said:

I am approaching retirement and have a SAUL DB pension. It had never occurred to me to take any of it until I fully retired but I have read so many comments about the flexible options on NHS and USS pensions that I began to wonder whether I was missing something. I contacted a SAUL pension advisor who said that SAUL doesn't allow it at all. I have to retire completely from my post and stay away from my current university employer for at least 1 month before I could return and do casual hours for them. I was surprised at this. Has anyone on SAUL been told differently?  I am further dropping my hours to working 3 days a week from September. I don't know how long I will do that. Thanks

This recent booklet seems to support jets you've been told.

https://www.google.com/url?sa=t&source=web&rct=j&opi=89978449&url=https://www.saul.org.uk/file/250&ved=2ahUKEwjqqK3tvr6NAxWRUkEAHapdBkMQFnoECCcQAQ&usg=AOvVaw257eZfHWH0J50e2DCzGgLG

katejo

Thanks. That's what I thought. Only asked because someone suggested I might be wrong so thought I would check.

Marcon

katejo said:

Thanks. That's what I thought. Only asked because someone suggested I might be wrong so thought I would check.

With pensions it's always a good idea to check... I'm sorry we had to rain on your parade, though!

katejo

Marcon said:

katejo said:

Thanks. That's what I thought. Only asked because someone suggested I might be wrong so thought I would check.

With pensions it's always a good idea to check... I'm sorry we had to rain on your parade, though!

It doesn't matter. I was never planning to do it. It seemed better to adjust to living on a lower monthly income ready for when I fully retire. I just wondered because I came across so many people who were assuming they would need to start drawing on the pension if they reduced their working hours.