Lines open Mon-Fri 08:30-19:00

Pensions blog

Pensions blog

Prospect's pensions officers blog about the issues that exercise their minds.

Worried man

What to do if faced with a demand to repay pension overpayments

The civil service pension scheme recently reported that overpayments of £22 million were made to pensioners over many years.

Pound coin

Help with pension tax relief for Scottish members

If you live in Scotland you will be a Scottish taxpayer and pay Scottish Income Tax (your tax code should start with an ‘S’ to reflect this).

Illustration of the importance of pension savings

Update on cashing in defined benefit pension benefits

A major trend in pensions in 2017 was for tens of thousands of members of defined benefit pension schemes to trade in their benefits for a large cash lump sum.

Brexit flags

Update on Brexit and Pensions

A previous blog covered the potential impact of Brexit on the pensions of Prospect members who move between the UK and the rest of the EU during their careers or after they retire.

Man with calculator

Help for Prospect members with pension tax issues

The pension tax relief system is very complicated (complicated enough to generate more previous pension blogs than any other issue!).

Latest pensions documents

Letter to FST re low earners in net pay scheme   info
Letter to Financial Secretary to the Treasury about the issue of pension tax relief for low earners in net pay schemes.

Letter from John Glen re pension tax relief for low earners in net pay schemes   info
Response from Economic Secretary to the Treasury to letter about the issue of pension tax relief for low earners in net pay schemes.

Letter to pension minister re potential RPI CPI statutory override   info
Letter to pension minister expressing opposition to the possibility of re-opening the issue of allowing employers to unilaterally change the index for increasing pensions from RPI to CPI.

Letter to Cabinet Office re ACPs paid by Carillion   info
Letter to Cabinet Office seeking meeting to discuss redress for ex civil servants made redundant by companies in the Carillion Group.

AEAT Pension Scheme - Frank Field Letter - February 2018   info
Letter from Frank Field MP to Pension Minister calling for AEAT Pension Scheme advice to be included in remit of PO or PHSO.