Captain Kirk
Corporal
- 259
- 78
- 28
I cannot find anything that ‘states’ my 05/15 EDPs rise by CPI each year, do we just piggy-back on the State Pension, or is it enshrined in law somewhere? It’s not that long til the September CPI is announced, so just wandering if the triple lock goes how our EDPs will raise.
Even if it is enshrined in law I guess it can be changed; a pal of mine, 57, has been advised to take his lump sum from his railway pensions by his union, as the union believe the tax free element is going to get chopped if another government is formed next year. Totally different pension as ours wasn’t 25% tax free, but very curious for a union to know what’s potentially in the offing.
Perhaps the read across to us could be company and private pensions. I was considering it anyway, for personal wealth (lol) protection, but now it’s more of a priority.
Even if it is enshrined in law I guess it can be changed; a pal of mine, 57, has been advised to take his lump sum from his railway pensions by his union, as the union believe the tax free element is going to get chopped if another government is formed next year. Totally different pension as ours wasn’t 25% tax free, but very curious for a union to know what’s potentially in the offing.
Perhaps the read across to us could be company and private pensions. I was considering it anyway, for personal wealth (lol) protection, but now it’s more of a priority.