Recent Primary Protection deadline letter
A letter has been issued to members at their home address recently reminding them that they have until
The Trustee does not know your personal circumstances, particularly any other pension entitlements that you may have and consequently, the letter has been issued to all categories of members. The vast majority of members, (current employees, retirees and deferred) will be unaffected by this and will not need to register.
If you are a retiree of IBM and are already in receipt of your IBM pension and it amounts to less than approximately £66,000 per year, then providing you have no other pension benefits elsewhere, you do not need to take any action on the letter.
If your are a retiree of IBM and your IBM Pension exceeds approximately £66,000 per year, then you do not need to consider taking any action if you retired before 6 April 2006, unless you have further pension benefits that accrued before 5 April 2006 that are still to come into payment (excluding any State Pension), and/or you have accrued, or anticipate accruing, further pension benefits since 6 April 2006.
If you are a current employee of IBM then you need only consider taking action if your total pension benefits exceeded £1.5 million as at
The above information should not be considered as financial advice. You may wish to consider taking independent financial advice if you are unsure as to what actions you need to take in respect of protection.
Archived 27 January 2009
Back to latest news
Last Updated: 15/06/2009
