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Buyout a British state pension

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  • 29-01-2010 5:26pm
    #1
    Vivian Small Ground
    Posts: 0 ✭✭✭ Vivian Small Ground


    My dad gets a payment every year due to time spent working in Britain in the 1960s. Is it possible to buyout the pension to get a one final lump sum instead of an annual payment?


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    #2
    3DataModem
    Registered Users Posts: 3,997 ✭✭✭3DataModem


    Deleted User wrote: »
    My dad gets a payment every year due to time spent working in Britain in the 1960s. Is it possible to buyout the pension to get a one final lump sum instead of an annual payment?

    It usually is, at the discretion of the trustees. Is it a company pension (contact the trustees) or a state pension (contact the DHSS)?


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    #3
    Vivian Small Ground
    Posts: 0 ✭✭✭ Vivian Small Ground


    3DataModem wrote: »
    It usually is, at the discretion of the trustees. Is it a company pension (contact the trustees) or a state pension (contact the DHSS)?
    Post title says British state pension. He contacted the pension board by phone and they say you can't so...................


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