Resettlement commutation...after 7 years... in english?

Good afternoon...

So, I have signed off, and need to complete my pension form 1 on JPA, but havent had a clear answer on what it all means (in my mind at least)..

If i went for resettlement commutation, exactly what would happen? does this mean taking from my pension, a lump sum payable on my termination? And after 7 years, how much would this be (approximately) ?

Pay clerks are unavailable at the moment, so any information anyone could provide, even if a rough guide, would be greatly appreciated!

Similar threads

Latest Threads