2007-03-19 21:51:44 · 9 answers · asked by carol h 1 in Business & Finance ➔ Careers & Employment
Depends on your pension policy. Your employer should be able to advise you on this or putyou in touch with their pensions advisor.
If you are asking what state pension you will get that depends on your age and employment history. Contact the Citizins Advice Beaurau for help with this.
2007-03-19 22:03:09 · answer #1 · answered by Mark J 5 · 0⤊ 0⤋
You cannot draw your pension until retirement age, or in some cases when too ill to work anymore, so you are probably really asking about the value of the pension that you have accumulated. You can normally get this info fairly easily as it is generally computerised, if you have a private pension contact your pension provider and get a current valuation. If you do not know who to contact talk to your HR section. If you are talking about the state pension contact the The Pension Service of the Tax Office: www.thepensionservice.gov.co.uk
2007-03-20 05:12:30 · answer #2 · answered by Anonymous · 0⤊ 0⤋
When I was still at work before retiring, those members of staff who belonged to the company pension scheme got an annual letter stating what their contributions had been,what their projected pension would be at normal retiring age and also what you would receive if deciding to take early retirement in the coming year.Whilst I appreciate that not all companies do the same it should be possible to get this information either from the human resources office where you work or, if your fund is externally operated from the administrators who you should be aware of. Different schemes have different rules.Are you of the minimum age where you can take early retirement? My company used to be 55.
2007-03-20 05:18:14 · answer #3 · answered by Anonymous · 0⤊ 0⤋
On this you would have to sit down with your pension department,as they can work out what pension you have with the company you work for.As many differ in the end pension they are the only ones that can advice you on what you can receive or take as a lump sum,then give you your pension forecast.
2007-03-20 05:05:58 · answer #4 · answered by restfullone 3 · 0⤊ 0⤋
it depends on how long you were in your job for?
what type of pension you had? Your should receive a yearly statement from your pension administrator by law. You should ask your HR Department for the pension administrator contact details.
2007-03-20 05:13:56 · answer #5 · answered by Anonymous · 0⤊ 0⤋
if your talking about state pension it will depend on your nation insurance,forty four years for full rights,if you have taken a company pension it will depend upon your company pension,some company's are better than others,you still need to make payments to your nation insurance if you ill you can claim credits or if not job seeker allowance,depending on you income will be the deciding factor if you get any state support ,you can also pay your own stamp about eight pounds a week class one
2007-03-21 08:56:31 · answer #6 · answered by angie n 4 · 0⤊ 0⤋
It depends on the job.
All professions seem to offer actuarily reduced pensions.
If you're not in a profession (academic, medical, legal etc) you probably have less chance.
Check with your union or professional body.
2007-03-20 12:47:24 · answer #7 · answered by Anonymous · 0⤊ 0⤋
your employer should be sending you a statement once a year but bear in mind it may be based on you working for them and paying in until retirement age .you may have to ask how much it is at the moment but bear in mind it may be frozen until you retire .
you would be best seeking specialist advice before doing anything .
2007-03-20 13:18:56 · answer #8 · answered by dick19532003 5 · 0⤊ 0⤋
maybe your 401k,you may be able o cash in on your paid vacation time and all other paid time.
2007-03-20 13:57:59 · answer #9 · answered by Roseboro J 1 · 0⤊ 0⤋