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Pension amount per year?

3 replies

WhoseBootsAreThoseShoes · 26/10/2023 12:11

Received this forecast for a tiny, long lost pension in the mail a while back. Just getting around to looking at it and can’t find anywhere where it tells me if these forecast amounts would be monthly or yearly. I can only think per annum when you look at the current value. Any clarity appreciated.

Pension amount per year?
OP posts:
shivawn · 26/10/2023 13:21

The value of the pot is £3190 and annuities are generally given as amount per year. I'd be pretty certain these are annual figures.

TheBabylonian · 26/10/2023 13:27

Yeah probably best to either transfer to another pension pot or wait until you are of age and then take it in it’s entirety as a lump sum under the small pots (less than £10k) rules.

WhoseBootsAreThoseShoes · 26/10/2023 13:47

Thank you. I might look at transferring as I’m currently in LGPS.

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