and how do i go about claiming it
2007-03-04 09:20:49 · 7 answers · asked by tinawells_uk 2 in Business & Finance ➔ Careers & Employment
It used to be that if you worked there for less than 2 years you could have back any contributions you made to the company pension scheme, if you wanted. You should ask the company pay department where you worked.
2007-03-04 18:00:36 · answer #1 · answered by Tertia 6 · 0⤊ 0⤋
If you want to cash it out and pay the penalties, just go get the paperwork from the last statement they sent, and call their office. Otherwise it stays there til you retire, that's the meaning of pension. You can roll it into the one at your new job, or an IRA at your bank without penalties.
2007-03-04 17:28:46 · answer #2 · answered by Kacky 7 · 0⤊ 0⤋
I think you can either leave it there until you are at retirement age or you can transfer it into another pension at your new job if it is a 'shareholder pension'. however, the best people to ask are your previous personnel office and ask for details of the pension and who it is with. Hope this is helpful. JFR
2007-03-04 17:26:19 · answer #3 · answered by JENNIFER 3 · 0⤊ 0⤋
You have to wait until you retire. If you presently have a pension scheme, it is possible to transfer the funds from the previous pension over to the present one. Write to the organisation/trust that operates the pension. Either one.
2007-03-04 17:26:13 · answer #4 · answered by Anonymous · 0⤊ 0⤋
they freeze it till retirement age unless u worked there less than six months then u can claim it back
2007-03-04 17:24:09 · answer #5 · answered by kj 5 · 0⤊ 0⤋
you get it when you become a pensioner if the chairman hasn't done a runner with it.
2007-03-04 17:32:16 · answer #6 · answered by richiesown 4 · 0⤊ 0⤋
You can't get it back til you are 65. annoying isn't it?
2007-03-04 17:24:54 · answer #7 · answered by pigletsam 3 · 0⤊ 0⤋