Invictus I have searched the posts and found your question on the thread about pensions.
( It was HERE )
You are wrong to say there were no answers to your post. There were two, but you did not return to the thread to read them and post again. Remember that you asked if anyone knew anything more. We are not a panel of experts, we are just ordinary people. If anyone had been able to answer any better, they would have done.
Do you mean a works pension, not a private one? Did you go for a works pension and opt out? That would affect your pension under the new proposals. I searched on Google for you, and found this:-
“Reading the Single-Tier State Pension Fact sheet it sounds to me as though you may get less if you have been in a contracted-out scheme.
It says "If you have previously been contracted out of the additional State Pension, a deduction will be applied when we calculate your foundation amount. This reflects the fact that, whilst you were contracted out, you paid lower National Insurance contributions and your employer received a National Insurance rebate to fund your workplace pension. Therefore, you could have 35 qualifying years and not receive £144 per week.
The deduction is broadly equivalent in value to the workplace pension the rebate funded. This is consistent with the rules of the existing pension system. "
And Janeainsworth said “This has all just been discussed on Money Box Live
www.bbc.co.uk/programmes/b03lpjxy
It did say that if you had contracted out of the second state pension, you wouldn't get the full single-tier pension, but there was no reference to people with private pensions being penalised. “
If you click on Jane's link, you can hear what they said.
People who drop out at the last minute







