Search
Search titles only
By:
Search titles only
By:
Home
Forums
New posts
Search forums
What's new
New posts
New profile posts
Latest activity
Members
Current visitors
New profile posts
Search profile posts
Log in
Register
Search
Search titles only
By:
Search titles only
By:
New posts
Search forums
Menu
Install the app
Install
Reply to Thread
Guest, we'd love to know what you think about the forum! Take the
Diabetes Forum Survey 2024 »
Home
Forums
Diabetes Discussion
Diabetes Discussions
Pensions scandal
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
<blockquote data-quote="Dennis" data-source="post: 17832" data-attributes="member: 1338"><p>Hi Graham,</p><p>Think of the money that has been paid into your pension like savings that you would pay into a bank account. Say you decide you want to buy a new car so you save up for it by paying into a bank savings account. When the time comes to buy the car, you don't have to buy it from the bank you have saved with. You have the option to shop around and get the best deal available to you.</p><p></p><p>Its just the same with a pension. Once you decide to "cash in" the pension by buying an annuity, you don't have to buy it from the company you have been "saving" with. And your entitlement to an enhancement is determined by your health at the point you decide to buy the annuity, not what what your health was while you were going through the "saving up" phase.</p></blockquote><p></p>
[QUOTE="Dennis, post: 17832, member: 1338"] Hi Graham, Think of the money that has been paid into your pension like savings that you would pay into a bank account. Say you decide you want to buy a new car so you save up for it by paying into a bank savings account. When the time comes to buy the car, you don't have to buy it from the bank you have saved with. You have the option to shop around and get the best deal available to you. Its just the same with a pension. Once you decide to "cash in" the pension by buying an annuity, you don't have to buy it from the company you have been "saving" with. And your entitlement to an enhancement is determined by your health at the point you decide to buy the annuity, not what what your health was while you were going through the "saving up" phase. [/QUOTE]
Verification
Post Reply
Home
Forums
Diabetes Discussion
Diabetes Discussions
Pensions scandal
Top
Bottom
Find support, ask questions and share your experiences. Ad free.
Join the community »
This site uses cookies. By continuing to use this site, you are agreeing to our use of cookies.
Accept
Learn More.…