The Retirement Thread
172 watchers
Aug 2022
11:06am, 15 Aug 2022
34,843 posts
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EvilPixie
I believe if it's final salary you don't move it but I am sure someone wiser will tell you
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Aug 2022
11:10am, 15 Aug 2022
6,396 posts
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um
Different topic ... life expectancy. I am about to buy some cloud storage. Mainly for my photos. £100 annual subscription or £350 for life (max 99 years) Since I topped up my NI, which was (if I recall) about a 5 or 6 year ROI, although that may change with inflation, it seems logical to get the lifetime one. And maybe change my will .. "I leave my mega terabytes of cloud storage to ..." |
Aug 2022
11:19am, 15 Aug 2022
18,566 posts
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geordiegirl
Thanks for the thoughts, I will give the pension team a call and see what they say and will organise a FA as we do need to think about the bigger plans, one of which is to buy a house we would downsize into and rent it out until we feel the need to leave here. Fields its not TUPE, the other part of the business has a role advertised that is technically my old role albeit it would be a shared role with ability to focus on things properly. My colleagues who moved under the split they kept their pensions and length of service. I am excited at the thought I might move back with the old team, but equally a bit scared of leaving the comfort blanket I have here. |
Aug 2022
11:30am, 15 Aug 2022
23,338 posts
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Bazoaxe
GG - get an independant. A Company pension team may act to the benefit of the company and persaude you to do something not in your own best interest. I only say this because I've had companies I work for try to persuade me to transfer pensions from one scheme to another, with no seeming long term benefit to me. But removing a whole heap of liability from the Company concerned. Advice is highly regulated and anyone who did give bad advice is likely to get into some trouble. It is possible but unlikely, especially from a company team More likely from a rogue adviser or pensions scam but if you go with an adviser find a reputable one. Pensions advice especially around transfers can be expensive. |
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Aug 2022
11:51am, 15 Aug 2022
18,567 posts
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geordiegirl
Thanks Bazo we have a FA in mind one that has been advising other family members for a few years. I kind of want the potential new company to just tell me if it can be transferred but I guess I will have to be patient. I could ask people I know who've moved after the new company formed but I dont want to have disclose my intent to move as you know what jungle drums are like.
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Aug 2022
11:54am, 15 Aug 2022
7,310 posts
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Fizz :-)
I would suspect that if they formally TUPE’d across, it is a different company, and you would lose your current pension.
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Aug 2022
11:55am, 15 Aug 2022
7,311 posts
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Fizz :-)
Ignore that. Just read properly.
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Aug 2022
2:16pm, 15 Aug 2022
64,164 posts
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Lip Gloss
Going back to appraisals we haven’t had one since lockdown 2020 but again we have that question on ours and I always write lying on a beach in Barbados. With a a bit of luck I can say it for real this year as we used to get our appraisal in early Dec so all going well I will have retired in the November. Not that I intend going to Barbados but I could .
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Aug 2022
2:30pm, 15 Aug 2022
6,071 posts
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Fields
I’ve not had once since 2019 but my employment has been patchy since then. Personally I’d happily never have another one
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Aug 2022
2:42pm, 15 Aug 2022
23,339 posts
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Bazoaxe
I recall my first appraisal in 1986 had a series of tick boxes on a 1-5 scale. One of the questions had a series of which two of the options were leader of the pack or one of the flock. Sure I still have a copy somewhere.
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CumbriAndy Useful Links
FE accepts no responsibility for external links. Or anything, really.- Money Helper
- How Much is Enough to Retire On?
- Retirement Living Standards
- How much will you need to retire?
- Free Govt website for pension advice
- SIPP pensions
- ISAs
- Check your National Insurance contributions
- Check your state pension account
- Martin Lewis on pensions
- Support and advice for those widowed under the age of 50
- Power of Attorney information
- Making the most of your retirement
- 20 tips for a happy retirement
- Married Couple's Allowance
- Aviva guide to retirement planning
- U3A
- U3A Local Sites - map
- Make a Power of Attorney
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