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TESCO LLP PENSION

28 replies

Jessica5432 · 07/09/2025 08:47

Hello, my father recently passed away. I have been left with dealing with probate (which is great because I’m able to bury my head into something) He was very very high up at Tesco during 1980-2000.

He retired early and has been getting his pension for a long time. I would say about 10 years. He was only in his 60s when he passed. The cost of this pension is the equivalent to someone on £40k a year.

When I let the pensions team know they just sent me a letter saying nothing is due as no dependents under 18 and no spouse. Is this something I should challenge? can they pull the wool over people’s eyes? Is a full breakdown something you can ask for from these people??

any help would be greatly appreciated

xoxo

OP posts:
ItsAWonderfulLifeforMe · 09/09/2025 15:48

DysonLover1 · 09/09/2025 12:55

57 in 2028 I think.
You can take a max of 25% of £1,073,100 = £268,275 tax free

Sorry I meant 2028!

Jessica5432 · 10/09/2025 21:15

Florencesndzebedee · 09/09/2025 12:33

This is why I’ll be thinking of taking a bigger lump sum (although I know it’s taxed) so I can leave some to dc.

After doing some digging today and spending most of the day on the phone I found out this is exactly what he did and there was a F up on there side. It was called an Annuity contract or something which they somehow missed 🫣 or tried pulling the wool over my eyes! - maybe! I guess we will never know but I am so glad I doubled checked and questioned Tesco, who then sent me to L&G who took over!

OP posts:
Jessica5432 · 10/09/2025 21:21

UPDATE.
it pays to double check things!!
Apparently a mess up on their side. It was called an Annuity contract with special instructions inside. they somehow missed this 🫣 or tried pulling the wool over my eyes! - maybe! I guess we will never know but I am so glad I doubled checked and questioned Tesco, who then sent me to L&G who took over in 2015. I knew he wouldn’t have left piles and piles of pension paperwork for no good reason!!

thanks all 🙏

OP posts:
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