Private Pension

[TRNCVaughan]

Noticed my state pension has just been increased by a couple of quid, a week. Expected that. I also have 3 occupational pensions and wondering if they will also be increased.
Anyone advise please.

[Mowgli597]

Depends on the terms of the pension. Some are index linked to the rate of inflation. Others might be determined by the pension trustees/managers. Do you have a copy of your pension plans? That will tell you Shirley!

[Cally]

That makes me feel a lot better as my increase is £4.51, however with Council tax going up by 5% & all fuels going up by more than that, it isn't going to go far....

[Hector]

If your occupational pensions go up, then so will your tax as all your pensions are added together, if you are a UK taxpayer.

[Steve C]

compare your state pension increases to the pay increases that the inept MP's are to get this week.

[Mowgli597]

compare your state pension increases to the pay increases that the inept MP's are to get this week.

State pension increase: 2.6%
MP’s pay increase: 2.7%

[Cally]

Don't forget to include all they can eat & drink...….

[Ragged Robin]

Percentages are like statistics and bikinis: what they reveal is important but what the conceal is vital.

One man's 0.1% is half a shandy, another's is a magnum of vintage champaign

[sophie]

If you have three occupational pensions, surely they will have been in touch with you. Mine keep in touch with me regularly, I don't have to guess.

[niceone]

my company pension increase 2.4%