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Teacher's Superannuation

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chrissa1 | 20:01 Thu 16th Mar 2017 | Business & Finance
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I've just found out that I'm entitled to One day's Superannuation that I earned back in 1987.

Can anyone tell me how much this would be worth?
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Well things are looking up.......spend carefully and put some aside for a rainy day.......you certainly don't want to blow it all at once...You could talk to a financial advisor or put it in a safe account until you have decided........or just go mad and buy a cup of tea and a bun to celebrate your good fortune....... Above all enjoy!!
22:29 Thu 16th Mar 2017
One days contribution to a pension?? That will be related to how much you were earning at the time........ I don't understand how that would work ..... All my superanuation payments went towards my pension but there was nearly 40 years of that. I can't imagine one day will make ahuge amount of difference!! But do spend it wisely!!!!
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Ha ha. :) me neither, Mally. I worked for a year hit according to the Northern Ireland Pensions, the years work didn't attract Superannuation, but a one day's supply teaching, did.
About 10p a year at a guess!
Miles out , eddie. I reckon that based on a 40/60th's scheme and assuming you got paid 1/200 of the annual scale figure for your day, it will be worth £2.50 a year.. You should be able to take a lower amount plus a lump sum of circa £10 tax free
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They sent me a form to claim it, so for the hell of it, I might just fill it in and send it back. Shy bairns get nowt, as we say up here.

Cheers.
Well things are looking up.......spend carefully and put some aside for a rainy day.......you certainly don't want to blow it all at once...You could talk to a financial advisor or put it in a safe account until you have decided........or just go mad and buy a cup of tea and a bun to celebrate your good fortune....... Above all enjoy!!
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Hahaha!!!!!! :))))
Don't spend it all until you have assessed your tax liability on it...
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:))) RobNorth.
if you have less than 2 years FT service they will repay your contribution
Can you go back that far though or do you have to do it in a certain time frame, thugulike? I think the contribution at 1987 salary rates would have been about £5 and some tax and NI would be deducted so maybe only £4 net

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Teacher's Superannuation

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