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BankruptC
Senior Member
1030 Posts |
 Posted - 08 September 2008 : 19:35:18
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Hi all,
As a teahcer I have a teacher's pension which we automatically contribute to through our salary.
I therefore have no policy number and no idea of the value. What can I do?
Thanks,
CG. x |
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got there
Junior Member
United Kingdom
461 Posts |
Posted - 08 September 2008 : 20:39:47
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| Im in the same boat but with NHS. Be interested to hear your reply. How everything goes well, mines on the 17th oct. x |
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dazed and confused
Junior Member
United Kingdom
475 Posts |
Posted - 08 September 2008 : 20:49:09
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Yes I work for a Local Authority and pay into the Local Government Pension Scheme. It is deducted straight from my wages.
How would this be affected by BR? |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 September 2008 : 20:51:27
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Hi my OH pays into a work pension and we just did not add it in as we dont have any details.
he has an army pension and all i had was his old army no the OR was not interested in it and it was exempt.
Dont know if i have helped.
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated Needafriend's New Life- A Debt Free One! blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 08 September 2008 : 20:59:40
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generally these days the company pensions are of no interest to the OR as they have no early cash in value.
personal pensions are a different matter and may well be lost.
This area is quite important and I would really recomend you have a 5 minute chat with an expert to confirm your position.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
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got there
Junior Member
United Kingdom
461 Posts |
Posted - 08 September 2008 : 21:03:19
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Hi Paul, sorry to add to your thread CJ but Paul does the same go for insurance policies, I have one which i pay £17 into a month and it matures 2014 but has no early cash in value.
thanks in advance |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 08 September 2008 : 21:05:52
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Hi
with an insurance policy ( assume it is a life policy ) there are a few options.
1. continue to pay premiums but if you die the OR will be the beneficiary.
2. cancel the insurance policy but you may not be able to get another policy at the same rate as time has moved on and we all get older.
3. The OR will accept £50 for the beneficial interest in the policy and pass the policy back to you.
Clearly option 3 is better.
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
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BankruptC
Senior Member
1030 Posts |
Posted - 08 September 2008 : 21:12:22
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Thanks Paul. Do you have any idea what I should put on the form for my teacher pension?
Also, is a teacher pension a 'company pension' you say the OR will have no interest in, or might they?
CG. x |
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Reviva UK
Advanced Member
United Kingdom
2452 Posts |
Posted - 08 September 2008 : 21:16:04
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Teachers pension is fine.
suggest you call county hall to get policy details if you haven't already got them.
All I would say is be careful if you are old enough to release a lump sum in the br period
Paul Johns
Assisted Bankruptcy Specialists
Reviva UK
www.revivauk.com |
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BankruptC
Senior Member
1030 Posts |
Posted - 08 September 2008 : 21:17:23
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Thanks Paul.
I'm a spring chicken at 30!! (teehee)
CG. x |
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Needafriend
Junior Member
United Kingdom
344 Posts |
Posted - 08 September 2008 : 21:45:35
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You will be fine then CG, myself however will get there before you.
And Remember To Keep Smiling
Jo :)
"There is light at the end of the tunnel, if you cant find it get a brighter torch"
You can read my updated Needafriend's New Life- A Debt Free One! blog here:
http://debtfreejo.blogs.bankruptcyhelp.org.uk/ |
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Topic |
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And another form question-pensions!
