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Pensions

What is the State Pension? The State Pension is a regular payment from the Government that most people can claim when they reach State Pension age. It is based on your National Insurance contributions. As of April 2016 there are two different systems for claiming State Pension. The information in this section applies if you reached State Pension age on or before before 5 April 2016, that is, if you are: · a woman born on or before 5 April 1953 · a man born on or before 5 April 1951 It’s the date that you reach State Pension age that’s important, not when you start to claim it. Claiming your State Pension for the first time You can claim online to get your State Pension paid directly into your bank account when you’re within 4 months of your State Pension age. For up to date information about the State Pension, please click on the link below www.gov.uk/browse/working/state-pension
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Help making a claim: Telephone: 0800 731 7898  Textphone: 0800 731 7339 Monday to Friday, 8am to 6pm (except public holidays) Technical help with the online service: Telephone: 0345 604 3349  Textphone: 0345 604 3412 Monday to Friday, 8am to 6pm (except public holidays) Report a change in circumstances: You must report a change in circumstances such as your address, spouse or partner, or bank account details. Telephone: 0345 606 0265  Textphone: 0345 606 0285 Monday to Friday, 8am to 6pm

State Pension statements

Get a State Pension statement online or by contacting the Future Pension Centre.

Write to the Pension Service

Find your local pension centre if you want to write to the Pension Service. You can also get the phone number. You’ll need your postcode.

Complain about the Pension Service

Contact the Department for Work and Pensions to complain about the Pension Service.

Personal Pensions

A personal pension is a type of defined contribution pension. You choose the provider and make arrangements for your contributions to be paid. If you haven’t got a workplace pension, getting a personal pension could be a good way of saving for retirement. Tax relief How they work Our Pension calculator Changing jobs Tax relief Your pension provider will claim tax relief at the basic rate and add it to your pension pot. If you’re a higher rate taxpayer you’ll need to claim the additional rebate through your tax return. You also choose where you want your contributions to be invested from a range of funds offered by your provider. How they work Your pension pot builds up in line with the contributions you make, investment returns and tax relief. It helps to think of defined contribution pensions as having two stages: Stage 1 – While you are working The fund is usually invested in stocks and shares, along with other investments, with the aim of growing the fund over the years before you retire. You can usually choose from a range of funds to invest in. Remember that the value of investments may go up or down. Stage 2 – When you retire The size of your pension pot when you retire will depend on: how much you pay into your pension pot how long you save for how much, if anything, your employer pays in how well your investments have performed what charges have been taken out of your pot by your pension provider Following changes introduced in April 2015 you now have more choice and flexibility than ever before over how and when you can take money from your pension pot. Take your time to understand your options. Personal pensions at work A personal pension may be offered through your employer. These are called group personal pensions.
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Pensions

What is the State Pension? The State Pension is a regular payment from the Government that most people can claim when they reach State Pension age. It is based on your National Insurance contributions. As of April 2016 there are two different systems for claiming State Pension. The information in this section applies if you reached State Pension age on or before before 5 April 2016, that is, if you are: · a woman born on or before 5 April 1953 · a man born on or before 5 April 1951 It’s the date that you reach State Pension age that’s important, not when you start to claim it. Claiming your State Pension for the first time You can claim online to get your State Pension paid directly into your bank account when you’re within 4 months of your State Pension age. For up to date information about the State Pension, please click on the link below www.gov.uk/browse/working/state-pension