GMP

Raw Message

http://www.sppa.gov.uk/index.php?option=com_content&view=article&id=596&Itemid=187

I'm still no wiser??????...anybody?

Roger Hayter

2017-06-19 13:33:02 UTC

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Post by Jim GM4DHJ ...
http://www.sppa.gov.uk/index.php?option=com_content&view=article&id=596&It
emid=187
I'm still no wiser??????...anybody?

I think it probably means that if your council pension is significantly
more than about £70 a week it doesn't affect you. BICBW!

--
Roger Hayter

Jim GM4DHJ ...

2017-06-19 13:36:50 UTC

Raw Message

Post by Roger Hayter

Post by Jim GM4DHJ ...
http://www.sppa.gov.uk/index.php?option=com_content&view=article&id=596&It
emid=187
I'm still no wiser??????...anybody?

I think it probably means that if your council pension is significantly
more than about £70 a week it doesn't affect you. BICBW!

HYANR!........(hope you are not wrong)

Brian Reay

2017-06-19 13:43:22 UTC

Raw Message

Post by Roger Hayter

Post by Jim GM4DHJ ...
http://www.sppa.gov.uk/index.php?option=com_content&view=article&id=596&It
emid=187
I'm still no wiser??????...anybody?

I think it probably means that if your council pension is significantly
more than about £70 a week it doesn't affect you. BICBW!

Your not, but it does depend if the scheme is contracted out, which most
public schemes are.

Jim GM4DHJ ...

2017-06-19 13:47:57 UTC

Raw Message

Post by Roger Hayter

Post by Jim GM4DHJ ...
http://www.sppa.gov.uk/index.php?option=com_content&view=article&id=596&It
emid=187
I'm still no wiser??????...anybody?

I think it probably means that if your council pension is significantly
more than about £70 a week it doesn't affect you. BICBW!

Your not, but it does depend if the scheme is contracted out, which most
public schemes are.

mon then?

Brian Reay

2017-06-19 13:31:59 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

Jim GM4DHJ ...

2017-06-19 13:35:56 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP
£70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

YES

Jim GM4DHJ ...

2017-06-19 13:37:56 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

YES

come on brian you have me down to the last penny spill the beans! ...tee hee

Brian Reay

2017-06-19 13:53:45 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

YES

Then it is the minimum pension you should get from it, as Roger hinted.
There is/are some other details (qualifying dates) but, while I can't
recall them, you've been working long enough they won't impact you.

I assume HMRC have supplied the details so you can check you are getting
at least the GMP- otherwise how would people know what it was.
(The details were made public but you need to do a calculation.)

I wonder what happens to anyone whose scheme doesn't pay the GMP.
Perhaps it doesn't happen. I assume £70 is the max GMP, there can't be
many, if any, schemes that don't manage that.

Jim GM4DHJ ...

2017-06-19 13:55:36 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

YES

Then it is the minimum pension you should get from it, as Roger hinted.
There is/are some other details (qualifying dates) but, while I can't
recall them, you've been working long enough they won't impact you.
I assume HMRC have supplied the details so you can check you are getting
at least the GMP- otherwise how would people know what it was.
(The details were made public but you need to do a calculation.)
I wonder what happens to anyone whose scheme doesn't pay the GMP. Perhaps
it doesn't happen. I assume £70 is the max GMP, there can't be
many, if any, schemes that don't manage that.

thanks Roger ......

Brian Reay

2017-06-19 15:48:11 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

YES

Then it is the minimum pension you should get from it, as Roger hinted.
There is/are some other details (qualifying dates) but, while I can't
recall them, you've been working long enough they won't impact you.
I assume HMRC have supplied the details so you can check you are getting
at least the GMP- otherwise how would people know what it was.
(The details were made public but you need to do a calculation.)
I wonder what happens to anyone whose scheme doesn't pay the GMP. Perhaps
it doesn't happen. I assume £70 is the max GMP, there can't be
many, if any, schemes that don't manage that.

thanks Roger ......

No need to insult me!

Jim GM4DHJ ...

2017-06-19 18:41:48 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

YES

Then it is the minimum pension you should get from it, as Roger hinted.
There is/are some other details (qualifying dates) but, while I can't
recall them, you've been working long enough they won't impact you.
I assume HMRC have supplied the details so you can check you are getting
at least the GMP- otherwise how would people know what it was.
(The details were made public but you need to do a calculation.)
I wonder what happens to anyone whose scheme doesn't pay the GMP. Perhaps
it doesn't happen. I assume £70 is the max GMP, there can't be
many, if any, schemes that don't manage that.

thanks Roger ......

No need to insult me!

well he was right you said he was wrong then back pedaled...so thanks Roger
.....

Brian Reay

2017-06-20 11:37:10 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

YES

Then it is the minimum pension you should get from it, as Roger hinted.
There is/are some other details (qualifying dates) but, while I can't
recall them, you've been working long enough they won't impact you.
I assume HMRC have supplied the details so you can check you are getting
at least the GMP- otherwise how would people know what it was.
(The details were made public but you need to do a calculation.)
I wonder what happens to anyone whose scheme doesn't pay the GMP. Perhaps
it doesn't happen. I assume £70 is the max GMP, there can't be
many, if any, schemes that don't manage that.

thanks Roger ......

No need to insult me!

well he was right you said he was wrong then back pedaled...so thanks Roger
.....

Not at all, I acknowledged he was right if your scheme was contracted
out and said it probably was as most public schemes are. The other thing
with public schemes, at least unless you have long enough in a private
one, is you don't get the new higher pension (if you are young enough to
retire when it applies). If you have some time in a public scheme you
may loose a bit but, unless it is a long time, it isn't worth worrying
about. The idea was/is that public schemes (well contracted out schemes
in general) pay enough to compensate for the reduction.

Still, believe what you like. It changes nothing.

Jim GM4DHJ ...

2017-06-20 15:17:44 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Was your pension scheme contracted out of SERPS?

YES

Then it is the minimum pension you should get from it, as Roger hinted.
There is/are some other details (qualifying dates) but, while I can't
recall them, you've been working long enough they won't impact you.
I assume HMRC have supplied the details so you can check you are getting
at least the GMP- otherwise how would people know what it was.
(The details were made public but you need to do a calculation.)
I wonder what happens to anyone whose scheme doesn't pay the GMP. Perhaps
it doesn't happen. I assume £70 is the max GMP, there can't be
many, if any, schemes that don't manage that.

thanks Roger ......

No need to insult me!

well he was right you said he was wrong then back pedaled...so thanks Roger
.....

Not at all, I acknowledged he was right if your scheme was contracted out
and said it probably was as most public schemes are. The other thing with
public schemes, at least unless you have long enough in a private one, is
you don't get the new higher pension (if you are young enough to retire
when it applies). If you have some time in a public scheme you may loose a
bit but, unless it is a long time, it isn't worth worrying about. The idea
was/is that public schemes (well contracted out schemes in general) pay
enough to compensate for the reduction.
Still, believe what you like. It changes nothing.

Brian Howie

2017-06-19 15:50:49 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

Guaranteed Minimum Pension, something to do with contracted out SERPS
possibly . I got a tidy sum from that from Norwich Union as was ( now
Aviva), which was where my SERPS ended up. Even so I think I was ripped
off.

Take the money and run.

Brian

--
Brian Howie

Jim GM4DHJ ...

2017-06-19 17:51:33 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP
£70.53...what
does that mean? .....

what money? ....

Brian Howie

2017-06-19 19:40:52 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP
£70.53...what
does that mean? .....

what money? ....

What! do you owe them money ?

B

--
Brian Howie

Jim GM4DHJ ...

2017-06-20 06:01:23 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

what money? ....

What! do you owe them money ?
B

do I ? .....

Brian Reay

2017-06-20 11:45:48 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

what money? ....

What! do you owe them money ?
B

do I ? .....

I'm so tempted to say yes ;-)

Jim GM4DHJ ...

2017-06-20 15:31:07 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

what money? ....

What! do you owe them money ?
B

do I ? .....

I'm so tempted to say yes ;-)

you would..misinformation about people is your specialty .....

Gareth's Downstairs Computer

2017-06-19 16:54:04 UTC

Raw Message

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP £70.53...what
does that mean? .....

At sometime in the past you were a member of a pension scheme which
was not contracted out of the government's SERPS (or previous graduated
pension) schemes, and it is the extra pension that you have accumulated
over and above the normal OAP.

(GMP, not to be confused with EMP, another topic about which M3OSN
seems in the past to have got his knickers in a twist)

Jim GM4DHJ ...

2017-06-19 17:52:26 UTC

Post by Gareth's Downstairs Computer

Raw Message

"Gareth's Downstairs Computer"

Post by Jim GM4DHJ ...
..also just got a letter about GMP from HM Revenue and customs... don't
understand a word of it...can anybody explain?.....weekly GMP
£70.53...what
does that mean? .....

I still don't get it .....

Jim GM4DHJ ...

2017-06-20 10:07:42 UTC

Raw Message

I am now understanding ...

Gareth's Downstairs Computer

2017-06-20 12:13:16 UTC