17 Mar 2016

A question about : Police pension

Hi could anybody help. Where could I get good advice on the old and new pensions.

I also have a old army pension and not sure what to do with it..

Regards
Bod12

Best answers:

  • You have a deferred army pension?
    https://www.gov.uk/government/public...dance-booklets
    Do you reach state pension age on or after 6 4 16?
    https://www.gov.uk/new-state-pension/overview
    Do you have other private pension arrangements?
    You are currently in the police scheme? Which section of the scheme are you in?
    https://www.unbiased.co.uk/
    When you refer to old and new pension arrangements, are you referring to Budget 2014 pension proposals?
  • Basically those are 2 good DB pensions so personally would advise doing nothing at all to them. But leave them be until scheme age.
    Unless you are of poor health and have no spouse/dependents they are very good at paying a decent indexed income for life.
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