I am 63 years old, and am in a private pension scheme, where I
contribute to a fund, and the company also contributes.
I am with scottish widows and my retirement date is 23rd July 2010.
The fund has a guaranteed 11% annuity on maturing.
If I were to retire a year early , could I leave the fund until then
without further contributions and draw the annuity on maturing in july
2010.

wrote in message 
news:8cbb837b-6be7-4254-8841-b7a04c37853c@m3g2000hsc.googlegroups.com...
>I am 63 years old, and am in a private pension scheme, where I
> contribute to a fund, and the company also contributes.
> I am with scottish widows and my retirement date is 23rd July 2010.
> The fund has a guaranteed 11% annuity on maturing.
> If I were to retire a year early , could I leave the fund until then
> without further contributions and draw the annuity on maturing in july
> 2010.

If it is a personal pension I don't see why not, but why are you asking us 
rather than scot wids?

wrote in message 
news:8cbb837b-6be7-4254-8841-b7a04c37853c@m3g2000hsc.googlegroups.com...
>I am 63 years old, and am in a private pension scheme, where I
> contribute to a fund, and the company also contributes.
> I am with scottish widows and my retirement date is 23rd July 2010.
> The fund has a guaranteed 11% annuity on maturing.
> If I were to retire a year early , could I leave the fund until then
> without further contributions and draw the annuity on maturing in july
> 2010.

Yes, Revenue rules allow this, no problem. Also, I suspect that you'd have 
to do this or you would fall foul of some Scot Wids rules for the guaranteed 
annuity. Often, these guarantees only come into operation if you abide by 
some restrictions. For example, you might have to have it paid annually in 
arrears with no guarantees (regarding how long you live for) and with no 
spouse's pension and no escalation. This may not fit in with your 
requirements but if you change things, then the guaranteed rate is lost.

But you need to consult SW about all this. They are the ones who know the 
terms of your pension, not us.

Rob Graham

robgraham wrote:
>
> But you need to consult SW about all this. They are the ones who know
> the terms of your pension, not us.

Or read the policy.