MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.

18th October 2017
:: Scheme Member | Redundancy

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Redundancy
 
What's it about?
Take a look at the issues which affect YOU as a jobholder where you are facing the prospect of redundancy. Here we look at the effect that redundancy can have on your retirement provision. There are a number of key consequences to you being made redundant that you should be aware of - some more subtle than others, but they are all important.
Redundancy in your scheme 
Redundancy in your scheme
The effect on your immediate and future pension rights
 Who receives death benefits?
Who receives death benefits?
Will your dependants continue to be eligible to receive benefits?
       
 Lump sum death benefits
Lump sum death benefits
What happens to any lump sum benefit payable on your death?
 Spouse’s death benefits
Spouse’s death benefits
What happens to any spouse’s benefit payable on your death?
       
Children’s death benefits
Children’s death benefits
What happens to any children's benefit payable on your death?
 Early payment
Early payment
 
Will your scheme still offer you the opportunity to retire early in the future?
       
 Maximising your pensionable service
Maximising your pensionable service
Would you like to lose up to 11 months worth of contributions?
 Transfer values
Transfer values
 
Whether to stay in your pension scheme or consider transferring-out
       
 Cash incentives to transfer
Cash incentives to transfer 
The offer of incentives to transfer your pension benefits out of the scheme
   
       
 
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