Welcome, Guest. Please login or register.
Did you miss your activation email?

11-07-20, 04:04PM

Login with username, password and session length

Recent

Members
  • Total Members: 6434
  • Latest: Dspens6
Stats
  • Total Posts: 46942
  • Total Topics: 948
  • Online Today: 95
  • Online Ever: 483
  • (25-02-20, 02:44PM)
Users Online

Author Topic: Company Pension  (Read 47920 times)

bakerbob

  • Guest
Re: Company Pension
« Reply #25 on: 04-10-10, 04:09PM »
I am about to fill in the pension scheme application form. There are two boxes, I have to tick one of them. One says "I want to sacrifice my pay to be in the scheme", the other "I want to pay normal contributions". What is the difference?

The Mrs

  • VLH Supporter
  • Sad Muppet
  • ******
  • Posts: 7553
Re: Company Pension
« Reply #26 on: 04-10-10, 10:37PM »
There is quite a good explanation of Salary Sacrifice, the advantages and disadvantages here :-

http://www.pensionsadvisoryservice.org.uk/personal--stakeholder-pensions/group-stakeholder-pension-schemes/salary-sacrifice

sammy

  • Newbie
  • *
  • Posts: 42
Re: Company Pension
« Reply #27 on: 25-10-12, 12:26AM »
can you still op out of the pension? i know every been auto op'ed in but are you still able to op out like you was before?

mopat

  • Guest
Re: Company Pension
« Reply #28 on: 25-10-12, 03:49AM »
sammy,,,

yes you can,, This was done by the goverment,,, to make sure  or try to get everyone to save in a pension,
Just , Think it over first,, You put money into it,, tesco does, and you also get tax rebate as well,,, its the best way to save,,,Another thing is that when your turn comes to retire the state might just not be paying any pension,,, as it is you will have to wait till your 65 to get state pension, so dont rush and opt out,

happyreturns

  • Guest
Re: Company Pension
« Reply #29 on: 25-10-12, 08:36AM »
Sammy listen to the good advice from mopat, you may be young and think that retirement is a long way off so you have lots of time, you may not be in a good position financially,but pensions are very very important To ensure you and yours are not going to be in difficulty in you retirement years. Company pensions are in the main the best way to save for your Pension, so please have a long think before you opt out.

Voice of reason

  • Guest
Re: Company Pension
« Reply #30 on: 04-12-12, 10:38PM »
Ditto. Done a lot of research- most sensible thing you can do is join the pension.

thedoctor

  • Guest
Re: Company Pension
« Reply #31 on: 07-12-12, 09:12PM »
Hi I left tesco n 2010, I can't find any of my account information of it. I'm looking to transfer it to my current pension. Has anyone got a number I can contact them on please.
Thank you

picktocube

  • Guest
Re: Company Pension
« Reply #32 on: 08-12-12, 11:24AM »
Pensions helpline number is 08450701113. I was under the impression,that you could not transfer your Tesco pension into another fund,it was just frozen and payable on retirement. However ,this may not be the case. I hope this is the correct number,it was in March 2012.

Judge Jeffries

  • Newbie
  • *
  • Posts: 14
Re: Company Pension
« Reply #33 on: 08-12-12, 03:47PM »
If you have changed employment and have a frozen pension then most people have the right to transfer to another scheme.
The Pensions Advisory Service has a leaflet called 'Transferring your pension to another scheme'.
This would be a good starting point.

thedoctor

  • Guest
Re: Company Pension
« Reply #34 on: 08-12-12, 05:09PM »
Thank you for that will have a look at my options.

the-vortex

  • Sad Muppet
  • ******
  • Posts: 1514
Re: Company Pension
« Reply #35 on: 15-12-12, 07:58AM »
You also have a right at retirement to amalgamate all accumulated pension funds into one fund to optimise income in retirement (fewer/lower charges, better rates for smokers etc)
Loyalty is a one-way street!

chris9997

  • VLH Supporter
  • Know All
  • ******
  • Posts: 373
Re: Company Pension
« Reply #36 on: 23-04-13, 02:11PM »
hi does anyone know where i can download a blank expression of wish form, i could ask in store but not hopeful of getting one. any help would be great .


stockrotateman

  • Know All
  • ****
  • Posts: 452
Re: Company Pension
« Reply #38 on: 18-10-14, 09:48PM »
Hi, can anyone help me with some advice. Have decided to take my pension now I won't be at Tosca when I reach the national retirement age also want too drop a day currently full timer 5 day week know sundays. can I pick the day to lose or do I have to comply with the business, want too drop Saturdays. thanks.   

the-vortex

  • Sad Muppet
  • ******
  • Posts: 1514
Re: Company Pension
« Reply #39 on: 19-10-14, 04:55PM »
Loyalty is a one-way street!

stockrotateman

  • Know All
  • ****
  • Posts: 452
Re: Company Pension
« Reply #40 on: 20-10-14, 05:23PM »
So true.

OpShunned

  • Smart Arse
  • *****
  • Posts: 853
Re: Company Pension
« Reply #41 on: 20-11-14, 01:30PM »

scummer101

  • Guest
Re: Company Pension
« Reply #42 on: 28-11-14, 01:26PM »

troll-hunter

  • Guest
Re: Company Pension
« Reply #43 on: 28-11-14, 05:12PM »
Scummer, too detailed a post

OpShunned

  • Smart Arse
  • *****
  • Posts: 853
Re: Company Pension
« Reply #44 on: 28-12-14, 01:04PM »

Loki

  • VLH Supporter
  • Sad Muppet
  • ******
  • Posts: 3285
Re: Company Pension
« Reply #45 on: 28-12-14, 05:45PM »
Nothing is safe.

OpShunned

  • Smart Arse
  • *****
  • Posts: 853
Re: Company Pension
« Reply #46 on: 28-12-14, 06:13PM »
Nothing is safe.


Nope, and the Pension fund is floundering. Why has is trebled in three years? Why, despite a pledge to add 150 million per year since 2011 have they decided to set aside just 3 million last year? Consequently, they now have to add 300 million per year for the next 15 years with no assurances that they have the wherewithal to commit commit such an amount. The report doesn't tell you that the pension trustees have invested heavily in large stores that now look like white elephants. The day to day running of the pension scheme was recently brought in house but do you trust them to run it transparently given the company's revelations?

gomezz

  • Global Moderator
  • Sad Muppet
  • ******
  • Posts: 2673
Re: Company Pension
« Reply #47 on: 28-12-14, 06:46PM »
The Pension Fund had been investing in the company?  That is what led Maxwell to taking a long run off a short deck.
"The progress of the kart is more important than its direction"

OpShunned

  • Smart Arse
  • *****
  • Posts: 853
Re: Company Pension
« Reply #48 on: 28-12-14, 07:19PM »
How much has the company wasted when trying to breathe life into the large stores by adding coffee chains, Gyms, hairdressers and gawd knows what (the latest smoke and mirror illusion being that of Sports Dire erection and its share option rubbish). Desperate measures made by vagabonds in a bid to sweep the s**t under the carpet.

mexicopete

  • VLH Supporter
  • Smart Arse
  • ******
  • Posts: 983
Re: Company Pension
« Reply #49 on: 28-12-14, 07:59PM »
Amazing that this has happened after they changed the normal retirement date to 67 attained. I would not trust them to run a raffle, I believe this another Tesco story that aint going to end well. :( :(
The worlds me lobster

 

SMF spam blocked by CleanTalk