Cash balance fund built up from 2018

[heapsy]

Interesting, are you section B or C?

Section B 38 Years in. 56yrs Knackered.lol.

Thanks for the answer.

[rogersh]

Just got off the phone with pensions..................

...... Also said new pension scheme wont start this year.

Is this official? Any more details on this statement.

[Duran]

Just got off the phone with pensions. Mine is over £24,000 to end March 2022. They did confirm you can take a small percentage of it with NRA60 .Without taking NRA65. Depends if you take max lump sum from NRA60. Might work out better to take highest monthly pension and boost tax free lump sum from cash balance.

Also said new pension scheme wont start this year.

Is that figure right ? Well done if it is

Yeah. Was 18k last year 3 years paid in.

[Duran]

Just got off the phone with pensions..................

...... Also said new pension scheme wont start this year.

Is this official? Any more details on this statement.

It’s as official as the guy on the other end of the phone told me. Not gonna happen in September . Which we were all told was the estimated start date. Will be 2023.

[NWpostie]

It will at least gives us more time to save in our current AVCs to build up a bigger lump sum without sacrificing the lump sum.

I'm paying in the max within the PSE rules.

[heapsy]

It will at least gives us more time to save in our current AVCs to build up a bigger lump sum without sacrificing the lump sum.

I'm paying in the max within the PSE rules.

Thinking the same. Don't fancy working until 67, or even 65.

[Duran]

I hope the new pension scheme doesn’t kick in for at least another 4 years. Im satisfied with a cash balance return 6k per year plus interest.

[heapsy]

Probably start next April. Right in the middle of the war with Putin, so I expect a rocky few years.

[Duran]

Probably start next April. Right in the middle of the war with Putin, so I expect a rocky few years.

we better cash our pensions in now then and build a fall out shelter. Was only 18 when this film came out scared me to death.
https://www.imdb.com/title/tt0090163/

[FAB]

Probably start next April. Right in the middle of the war with Putin, so I expect a rocky few years.

we better cash our pensions in now then and build a fall out shelter. Was only 18 when this film came out scared me to death.
https://www.imdb.com/title/tt0090163/

I remember visiting a disused nuclear Government shelter. And the guide mentioned that in the time of an attack people such as posties would be used to pass on information from one bunker to the next! On a bike! So even them we were considered essential workers!

[heapsy]

And how many did they think would survive being incinerated? They must have been mad.

[Duran]

And how many did they think would survive being incinerated? They must have been mad.

I

I think post office guide lines would be, to wear your Royal Mail mask at all times, and don't forget to do your d2d's.

[Hyrrokkin]

Just got off the phone with pensions. Mine is over £24,000 to end March 2022. They did confirm you can take a small percentage of it with NRA60 .Without taking NRA65. Depends if you take max lump sum from NRA60. Might work out better to take highest monthly pension and boost tax free lump sum from cash balance.

Also said new pension scheme wont start this year.

Is that figure right ? Well done if it is

Yeah. Was 18k last year 3 years paid in.

Ok cool

I am assuming you must do a fair bit overtime ?

I am full time 37h no overtime built up about £16000 in 4 years

[Duran]

Just got off the phone with pensions. Mine is over £24,000 to end March 2022. They did confirm you can take a small percentage of it with NRA60 .Without taking NRA65. Depends if you take max lump sum from NRA60. Might work out better to take highest monthly pension and boost tax free lump sum from cash balance.

Also said new pension scheme wont start this year.

Is that figure right ? Well done if it is

Yeah. Was 18k last year 3 years paid in.

Ok cool

I am assuming you must do a fair bit overtime ?

I am full time 37h no overtime built up about £16000 in 4 years

No Overtime . 36hr 15 min week.

[fly-catchers]

And how many did they think would survive being incinerated? They must have been mad.

That reminds me of an old Jethro Tull song with the verse "They said protect and you'll survive ---
(But our postman didn't call)
8lbs. of over-pressure wave seemed to glue him to the wall
They said protect and you'll survive!"