State Pension

Am still contracted out

Received a letter from my pension people today advising me to go back to the government pension

Any FT pension geniuses care to lead this blind man up the correct avenue?

I did like the idea of taking the pension from 55 and the 25% tax free lump sum .

Do my chances of not living to a ripe old age have any bearing on my next step?


Ta in advance, we do say ta

I'll bump it up for you, because i'm interested in the reply..

Try PM-ing Shyteds or Weeman or... Sambuca ??.. I'm sure one of them is an F.A.

Originally Posted by Fountz

. Sambuca ??.. .

Please god no

Originally Posted by Fountz

I'll bump it up for you, because i'm interested in the reply..

Try PM-ing Shyteds or Weeman or... Sambuca ??.. I'm sure one of them is an F.A.

you've got to be f***ing joking. Civil Servant who will have his 40 years done in years time and will be out like a shot. I know the pensions are changing but was advised not to change mine due to me having been in it so long. Is No Fun not involved in public service union matters ? Truce for a while maybe. Like Christmas Day 1914. I'll be Paul McCartney.

Sorry mate I’m not an IFA, so I can’t advise you.
Sambuca & Bruv on RI are IFA.

Best thing I can suggest is ask the product provider for a pension health check. They will be able to discuss this with you over the phone or send out documentation.

1985 I opted out

I dont really know what to do. It seemed the best thing since sliced bread back then.

Its a pisser to think if I go back and peg then nobody cops for anything but if I continue and peg then theres a few bob more for the offspring

The aged 55 and the tax free lump sum are telling me to stay where I am

I shouldnt bother with the pipes of peace wee man. That thick f***er wont have a clue

Originally Posted by HarkNowHear

1985 I opted out

I dont really know what to do. It seemed the best thing since sliced bread back then.

Its a pisser to think if I go back and peg then nobody cops for anything but if I continue and peg then theres a few bob more for the offspring

The aged 55 and the tax free lump sum are telling me to stay where I am

I shouldnt bother with the pipes of peace wee man. That thick f***er wont have a clue

hes only right you know

try again

Any sound input pleaseingtons

I think it varies form case to case hark. Whoever advised you would have to know full details.
I was working in pensions for a short spell in the late 80's and a lot of the contracted out pensions were mis-sold.
The whole thing was a f*** up. The firm I worked for had millions of pounds in rebates un-assigned to any pensions. They each belonged to somebody but they had no idea who. I doubt if all of it was sorted out.

If you're prepared to accept the investment risk of continuing to contract-out, the trade off is greater flexibility on how and when you take your pension, and superior death benefits for your family.

The default advice is for people to contract back in to the state scheme but only because the vast majority didn't receive proper advice on contracting-out in the first place and don't fully understand the investment risks.

The state scheme offers a degree of guarantee over what you will receive but is subject to change as it has been many times previously.

Just make sure you're invested in the correct funds and are in the lowest charging contract possible if you decide to remain contracted-out.

And yes, I do work in pensions. And yes, I've remained contracted-out.

No need to thank me.

Thanks

I am staying where I am

Have always worked on this theory anyway


Should I receive a poor income from the state when I retire. I am shoplifting everything. Steak, coffee, bacon, milk, evrything down my piss laden trousers. What are you going to do to me PC PIG ??

Bang me up?? I very much doubt it, I will be back tomorrow

Originally Posted by HarkNowHear

Thanks

I am staying where I am

Have always worked on this theory anyway


Should I receive a poor income from the state when I retire. I am shoplifting everything. Steak, coffee, bacon, milk, evrything down my piss laden trousers. What are you going to do to me PC PIG ??

Bang me up?? I very much doubt it, I will be back tomorrow

a friend of mine has vowed to start taking heroin on his 65th birthday

Another query: I joined the civil service misguidedly a few years ago and opted for the final salary pension. I'm now looking to move sectors and was wondering if it's possible/advisable to start another pension myself with alump sum should/if I can cash this one in. Again it's confusing and I'm wondering why I'm writing this.

trust hark to start what is probably the most boring thread ever posted on fred

and there has been plenty of competition

Many biologists claim that people with a life expectancy of 150 years+ have already been born.If you think you are going to qualify for the Club 120-150 then stick to the state pension If not take the lump sum invest in some generic viagra and spend it all on thai prostitutes

Originally Posted by n48

Another query: I joined the civil service misguidedly a few years ago and opted for the final salary pension. I'm now looking to move sectors and was wondering if it's possible/advisable to start another pension myself with alump sum should/if I can cash this one in. Again it's confusing and I'm wondering why I'm writing this.

different story altogether to hark's situation.

virtually certain that retaining any benefits you have within the civil service scheme will be preferable to completing a transfer.

Originally Posted by HarkNowHear

Thanks

I am staying where I am

Have always worked on this theory anyway


Should I receive a poor income from the state when I retire. I am shoplifting everything. Steak, coffee, bacon, milk, evrything down my piss laden trousers. What are you going to do to me PC PIG ??

Bang me up?? I very much doubt it, I will be back tomorrow

I am sitting here and I am not quite sure whether I'm in out or shuck all about. Once was out then thought I was back in now toxically confused. Like you mate if I am abused by the system I plan to cast aside my do-gooder rep and half-inch everything in sight. Even if I don't need it I'm having it.

A old mate of mine, now a youth worker was a paramilitary and a joy rider (couldn't make up his mind whether he was a provie or a hoodie). His life-time ambition was to steal a jag and do a handbrake turn outside primark in the main street in Belfast. He did it too and I think in my later years I might steal one and do a tribute act to him. When you are that far gone nothing matters. It will be liberating.

Originally Posted by no fun

a friend of mine has vowed to start taking heroin on his 65th birthday

This is what I am talking about.

Get in.

Originally Posted by no fun

trust hark to start what is probably the most boring thread ever posted on fred

and there has been plenty of competition

Originally Posted by no fun

trust hark to start what is probably the most boring thread ever posted on fred

and there has been plenty of competition

Why is it boring then Tom O f***in Connor ?