AdministratorWhat is Hartlink online portal?
Hartlink Online provides you with the facility to access your own personalised pension information, allowing you to securely view and check your pension record online in respect of the Demonstration Scheme. The specific functionality available to you will depend on your current membership status.
Are pensions safe UK?
You’re usually protected by the Pension Protection Fund if your employer goes bust and cannot pay your pension. The Pension Protection Fund usually pays: 100% compensation if you’ve reached the scheme’s pension age. 90% compensation if you’re below the scheme’s pension age.
What is an active member of a pension scheme?
An active member is a member who continues to build up pension benefits in the scheme. You will still be employed by the employer of whose scheme you are a member. A deferred member is a member who no longer builds up pension benefits in the scheme.
Can I access my pension fund?
To access any benefit from a retirement annuity fund, the total benefit in your retirement annuity fund must be less than the prescribed amount. This amount is currently R15 000. This means that if your total benefit is more than R15 000, you will not be able to access any money from your retirement annuity.
Can I view my Capita pension online?
Hartlink Online provides you with the facility to access your own personalised pension information, allowing you to securely view and check your pension record online in respect of the Capita Group Money Purchase Scheme (CGMPS) section of the Atlas Master Trust.
Can your pension lose money?
Depending on the fund performance your pension can go down as well as up. Your pension is a long-term investment that is linked to the stock market (also known as equity investment) and so there will be short term fluctuations in fund value.
What is a pension payout called?
pension benefit – the total monthly, annual or other periodic amounts that start being paid to a member or former member at retirement and that continue for the rest of his or her life. When the member or former member dies, these payments would be made to any other person who may be entitled to receive them.
What are pension benefits in payment?
A defined benefit (DB) pension scheme is one where the amount you’re paid is based on how many years you’ve been a member of the employer’s scheme and the salary you’ve earned when you leave or retire. They pay out a secure income for life which increases each year in line with inflation.