My Yearly Statement And Notice

[nicebloke1]

Yippeee just had my private pension statement come this morning and it includes a nice increase from April.

:▪︎)))))))

[Bazile]

Consider loaning it to the government to plug that massive black hole 

[Bazile]

If you're looking to invest it , I've got a job lot of slightly water damaged fishing rods , I can let you have at cost price 🙂

[gulliver1]

Enjoy Mr Nicebloke.    Hope you make a net profit.

[nicebloke1]

BA for gully, the chances of getting an (enjoy) out of ABs is very rare indeed.:0)))))

[davebro3]

what a prat

[naomi24]

Thank God for capitalism!

[naomi24]

And gulliver a closet Capitalist too - just like you, nicebloke.  Who'd a thunk?!

[Old_Geezer]

Is that an increase in real terms i.e. after taking inflation into account ?

[andres]

A lot can happen between now and next April.

 

[nicebloke1]

Andres 14.44. Would you like to expand on your post and I may be able to afford you an answer.

[Hymie]

If it is a defined benefit pension scheme, then the pension will be based on your salary and number of years in the scheme – for such a pension to increase significantly (within a year) would require a significant increase in salary.

 

If it is a money purchase pension scheme, the pension fund will be invested in some investment vehicle – a Liz Truss event could cause that vehicle to crash and burn, as happened to many pensions not that long ago.

[newmodarmy]

Hymie....couldn't it just be a simple works pension where the benefits are uprated in line with a set formula or linked to rpi at a set date...so maybe a 5% increase or something like that.

I think nicebloke is well past retirement age...mid 70s age I guess, and doesn't have a salary going into his pension fund now.

[andres]

Only just got home and seen your query @16.34 nicebloke. I don't have a crystal ball, it was just a well known saying here . 'Anything could happen' or' don't count your chickens before they hatch'

[Hymie]

I’ve never heard of a defined benefit pension (works pension) paying increases above inflation; so he’ll be no better off than a year ago (come April) – Yippeee.

[newmodarmy]

it could of course just be another wind up Hymie. There's a post from the same person lamenting the feeble rise in his state pension under the Tory triple lock which wouldn't even cover his fuel bill increase. Now he celebrates the removal  of the WFA for those who he says treated it as a Booze Allowance.  

[nicebloke1]

Andres. In my case I can count my chickens, they will hatch every year without fail. :○) I'll leave the rest of ABs to carry on assuming they know this and that as per normal.:▪︎)

[Peter Pedant]

good well done - - - well invested

[Peter Pedant]

o god people are so sour this evg.

pension up - good for pensioner