Jump to content
Jack Peterson

WOW a Little good news for a change on a Pension!

Recommended Posts

The Postal Service here has a lot to be desired but some news,  a tad late, has put a smile on my face :smile: Seems that the Powers that be in the UK have informed Pension providers they must now adhere to Directives from the Chancellor of the Exchequer that withholding the correct % increase to Private pensions has to cease. So, I had this letter this Morning that tells me from March 31st 2019 Yearly Increases will be at the Rate of 3% Minimum to a   Maximum of 5%  subject to the Inflation index. This was always the case but if the Index was low they would go below the 3% minimum. Pleased to say that on this Particular issue it seems that our Pension providers ( well mine in this case) has now been honest and told the members that they will adhere to the Government Direction. I can only Hope that all  members that have a private Pension actually have an Administration that will be Honest and all follow this rule and stop the providers of taking that  % they feel they could. Oh! it may be only 1/2% here and there But it is our hard earned cash payed in we are getting back in a Pension and not a benefit to be Played with  :thumbsup:

  • Like 5

Share this post


Link to post
Share on other sites

Good news Jack!!

My Aussie military pension is indexed against the CPI, sadly with no minimum.  We're working on it though :) Funnily enough, once I reach 55 it will be indexed the same as the aged pension, which is a higher rate.  By that reasoning, apparently as you age, your day to day costs will go up.  

:89:

  • Like 1

Share this post


Link to post
Share on other sites

I only receive UK State Pension, and haven't yet seen the inflation/index-linked increase to my pittance from last month yet.... but every extra crumb is gratefully received.  :smile:

.

 

Laptop hobo.jpg

  • Like 4
  • Haha 1

Share this post


Link to post
Share on other sites

I get 3 pensions 2 private at fixed amounts one paid monthly and one paid annually both being paid since i was aged 55yrs and i have recieved well over what i paid in ! The UK Government pension increase  should be paid this month on or around the 24th providing its not been stopped as i may need to return the proof of life forms which i have not recieved !

Bearing in mind any post from the UK can take 2 months or more to be delivered !

Share this post


Link to post
Share on other sites
6 minutes ago, expatuk2014 said:

I get 3 pensions 2 private at fixed amounts one paid monthly and one paid annually both being paid since i was aged 55yrs and i have recieved well over what i paid in ! The UK Government pension increase  should be paid this month on or around the 24th providing its not been stopped as i may need to return the proof of life forms which i have not recieved !

Bearing in mind any post from the UK can take 2 months or more to be delivered !

Yes, the mail here can be erratic.  I've seen mail arrive anything between 7 days (hard to believe I know) and 6 weeks. The main issue with my area is the postman waits until he has a few items before he delivers.  

Share this post


Link to post
Share on other sites
22 minutes ago, hk blues said:

Yes, the mail here can be erratic.  I've seen mail arrive anything between 7 days (hard to believe I know) and 6 weeks. The main issue with my area is the postman waits until he has a few items before he delivers.  

You should consider yourself lucky. Here in Cavite I no longer receive ANY mail from the Phills postal non-service. It was good about 5 years ago but now nothing. I now get my mail only through the FPO mail service in Angeles City via the RAO. :angry_80_anim_gif:  

  • Like 1

Share this post


Link to post
Share on other sites

Not changing the subject to much, but I have another meeting with the financial adviser today about one of my private pensions.

It amazes me when I know what I want but he always knows what’s best for me, but I think he knows what’s best for himself first, but we shall get there one way or another.

  • Like 1

Share this post


Link to post
Share on other sites
58 minutes ago, stevewool said:

Not changing the subject to much, but I have another meeting with the financial adviser today about one of my private pensions.

It amazes me when I know what I want but he always knows what’s best for me, but I think he knows what’s best for himself first, but we shall get there one way or another.

It's what he will call a win-win Steve! 

  • Love it 1
  • Haha 1

Share this post


Link to post
Share on other sites
6 hours ago, stevewool said:

Not changing the subject to much, but I have another meeting with the financial adviser today about one of my private pensions.

It amazes me when I know what I want but he always knows what’s best for me, but I think he knows what’s best for himself first, but we shall get there one way or another.

Well that went great, he did not show , a email was sent as he did not have my phone number with him, his car had broken down, can he make it Thursday instead.

  • Hmm thinking 1

Share this post


Link to post
Share on other sites
1 hour ago, stevewool said:

Well that went great, he did not show , a email was sent as he did not have my phone number with him, his car had broken down, can he make it Thursday instead.

How old is his car :mocking:

My financial adviser is on a 24/7 basis, no problem there.....thanks sweetheart :whistling:

  • Like 1
  • Haha 2

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

×
×
  • Create New...