Defered Pensions

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rheinie

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What are the main points to take into account in a defered pension situation ,.ie person is made redundant and company say he must take a defered pension and must wait until normal retirement age to draw pension.Also can a worker continue paying into AVC fund after been made redundant
 
Thanks for reply just needed to be clear what the most important points are and to consider which is the most relevent in the situation outlined .
 
Hi rheinie,

Is your occapational pension scheme a defined contribution or a defined benefit scheme? How long have you been a member of the pension shceme? How far away are you from normal retirement age?

In some circumstances in a redundancy situation it may be advantageous to make a large avc payment out of the redundancy settlement towards the end of your employment.

ajapale
 
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