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Update to pension value

May 23rd, 2010 at 06:40 pm

I get very confused looking at NT's UK retirement statements. It seems like there are a dozen different company names involved, but supposedly there are only two pensions.

So I believe I got an updated value for the smaller of the two pensions. Supposedly it's at 12,663 British pounds, which is quite a bit higher than the value for it I have in my net worth records.

Just a note to myself so I can update that amount the next time I calculate net worth! Now I can put all these confusing statements away in the file and not look at them anymore, because I'm getting a headache. Smile

3 Responses to “Update to pension value”

  1. Apprentice Bliss Hunter Says:
    1274640310

    Nice !

  2. whitestripe Says:
    1274640559

    i don't know if it's any similar, but with our superannuation accounts , we usually have our funds divided into investment risk factor portions (moderate, agressive etc) and those are invested by the superannuation company into other companies for returns, depending on the risk factor.

  3. ceejay74 Says:
    1274662217

    You might be right, whitestripe. We have the same thing (investments into different funds according to risk) but for some reason it's a lot clearer to me on our US statements.

    NT also said there's been some selling of his pensions from company to company, so that might explain it too.

    I've actually been thinking I'd love to talk to a British financial adviser while we're over there in October. I don't know if we'd have time, but I feel like it might help me understand better. This is my weakest area of all our finances, and I'm afraid NT's very little help; everything is so automated in the UK with regard to retirement and taxes, that the average person doesn't really need to know what's going on; it just gets taken care of for them. (From your blog it sounds like Australia has more similarities to the UK than the US in areas like retirement and health care.)

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