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LGPS Strathclyde Pension Fund - should I expect communication?

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Comments

  • Silvertabby
    Silvertabby Posts: 10,440 Forumite
    Ninth Anniversary 10,000 Posts Name Dropper Photogenic
    chalkybar said:
    just out of interest, if they delay/miss pay dates through none of your fault are they liable for interest to be paid to you?
    We used to pay interest on the lump sum if that was paid more than a month late.  But it was nothing to get excited about, and we had to tell the recipient that they had to declare it to HMRC as we were unable to deduct any tax due.  Yes, I know the lump sum is tax free - but that doesn't extend to any interest for late payment.  
  • hyubh
    hyubh Posts: 3,768 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    chalkybar said:
    just out of interest, if they delay/miss pay dates through none of your fault are they liable for interest to be paid to you?
    Who's fault doesn't come into it: https://www.legislation.gov.uk/ssi/2018/141/regulation/76
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