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MyCompanyPension.co.uk - Helping members of occupational pension schemes to better understand their benefits.
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:: Scheme Member | Redundancy
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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.
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Redundancy in your scheme
The effect on your immediate and future pension rights
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Who receives death benefits?
Will your dependants continue to be eligible to receive benefits?
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What happens to any lump sum benefit payable on your death?
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What happens to any spouse’s benefit payable on your death?
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Children’s death benefits
What happens to any children's benefit payable on your death?
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Early payment
Will your scheme still offer you the opportunity to retire early in the future?
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Maximising your pensionable service
Would you like to lose up to 11 months worth of contributions?
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Transfer values
Whether to stay in your pension scheme or consider transferring-out
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Cash incentives to transfer
The offer of incentives to transfer your pension benefits out of the scheme
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