Do I need to do anything now?
Before dashboards are launched, it’s a good idea to tell your pension schemes or providers if you’ve changed your address or any other personal details. They’ll only provide your pension information to a dashboard if they’re confident it’s you asking for it. Keeping your details up to date will help them match you to your […]
How can I search for my pensions now?
Pensions dashboards aren’t available to the general population yet, but you don’t need to wait to look for pensions you may have forgotten about. National Pension Tracing Day takes place on the last Sunday in October every year, but you can look for pensions at any time. The National Pension Tracing Day website (nationalpensiontracingday.co.uk) includes […]
How secure will my data be?
Your identity will need to be verified by the GOV.UK One Login service before you can search for pensions using a dashboard. You may be asked to provide evidence, such as a passport or driving licence. If you’ve already registered with GOV.UK One Login you won’t need to verify your identity again, unless you had […]
How can I access a Pensions Dashboard?
The first dashboard to launch will be the government-backed MoneyHelper dashboard. This is currently undergoing testing, but only for invited users. The access journey includes setting up, or signing in, to the new GOV.UK One Login identity service, which verifies some of the personal details used to search for your pensions. In future, other approved […]
What will I be able to do with a Pensions Dashboard?
You don’t have to take any action after viewing your information on a pension dashboard. However, if you’re actively planning your retirement, you may wish to contact the scheme, provider or administrator for each pension to request a more accurate quotation of your benefits. You shouldn’t make any retirement decisions based only on the information […]
What will Pensions Dashboards show?
Pensions dashboards will display information about defined benefit (DB) pensions, including what are sometimes called final salary pensions, defined contribution (DC) workplace pensions, collective defined contribution (CDC) pensions, personal pensions and the State Pension. Dashboards will show an estimated retirement income for each pension, contact details for the organisation administering it and additional information, such […]
Who are Pensions Dashboards for?
Pensions dashboards are for anyone who has saved into a UK pension. They may help you find pensions you’ve forgotten about, or reconnect you with schemes or providers which have changed administrator. Dashboards won’t show information about pensions already being paid to you. They’ll only show information about pensions you’ve built up in the UK, […]
What are Pensions Dashboards
Pensions dashboards are a government-backed initiative designed to help you find and view information about the pensions you’ve built up during your working life. Nearly all UK pension schemes, along with State Pension information, will be connected to pensions dashboards.
Do the figures on my statement reflect any changes resulting from the McCloud remedy?
Yes. If you receive your statement by post we have shown an estimated McCloud addition on your statement and included this amount in your annual pension value. The majority of protected members have a provisional McCloud addition of £0. This is because their career average pension is more than the pension they would have built […]
NILGOSC doesn’t know I have other public service pension scheme membership that could qualify me for underpin protection?
If you have membership in another public service pension scheme before 1 April 2012 you will need to tell us, when we ask you for this information. If you are protected, when you take your pension, we will work out whether you are due any increase because of the underpin. NILGOSC has over 50,000 records […]
I have underpin protection – will I have pension tax charges?
If your pension is increased because of underpin protection, the increase is excluded for annual allowance purposes. You may still have a tax charge, but it’s based on your pension excluding the underpin addition. It is possible that a few members may have retired before 1 October 2023 under the old underpin rules, had an […]