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You will need a Facebook login; this can be achieved by joining
Facebook on www.facebook.com .If you are worried about putting personal details on Facebook
you can limit what you put up and what is displayed.
When you login, click on the “Home” page, and then you
should find Applications on the bottom line , on the LHS as you look at the page. click on the Groups symbol (a two upper
torso symbol) in Applications. In the Groups page on the mid upper RHS, you should find a small box "Search for Groups" put
CUKPA in this box and press enter. You should then find the CUKPA box which summarises the Group, you should find in the CUKPA
box on the RHS “Request to Join", which is your invitation to join, press enter on this. It's then automatic, your request
will reach us, and we will join you and notify you.
Facebook control the security.
Our intent is to use the Group for up to date news, info of events, problems etc.
It will also allows members to communicate with each other, without necessarily disclosing their personal details and
for us to communicate with all members.
The site also includes topics that members can hold a discussion on.
For info re privacy:
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Chevron UK Pensioners' Association
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No recent increase?
If you didn't receive an increase recently we would like to hear from
you so we can try to determine how many pensioners are in this situation. This situation appears usually to be the case when
people took a lump sum, but if you are different please tell us. If you retired before 1988 you should get a GMP increase
annually with your State pension. If retired after 1988 then the company should give you the GMP increase.
HANDLING COMPANY SHARES
a) Company Shares:
Now with CAPITA
Helpline: 020 8639 3333
Email: chevron@capita.co.uk
Address: The Registry,
34 Beckenham Road,
Beckenham,
Kent,
BR3 4TU
b)Company Shares in PEP: contact Stocktrade,
P.O.
Box 1076, 10 George Street,
Edinburgh,
EH2 2PZ.
Phone: 0131
240 0441
Tax on Company Shares
1 US tax is deducted at the UK/US double
taxation rate of 15%.
Depending on how you hold the shares you will periodically receive a US IRS form which needs to be completed and sent back
to receive the reduced 15% tax rate. Care needs to be taken to ensure the form is properly completed.
2
On the UK Self Assessment
Tax Return:
a. Page 2
– Q6 you need to tick boxes 1 and 3 plus the Foreign box.
b. Page F1-
you need to complete sections A, B, C and E and tick box on right to claim foreign tax credit relief.
If you do this and do not receive the US 15% tax
as a deduction on the tax calculation sent to you call your tax office and say you do not agree with the assessment as you
have not received foreign tax credit.
Note: If for any reason
you have either not submitted a US IRS form or have incorrectly completed it you will be taxed at a higher rate but the UK
HM Revenue and Customs will only credit 15%.
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Occupational Pension Schemes - Final Salary
The Pensions Act 1995 required occupational pension schemes to
provide increases to pensions in payment in line with RPI to a maximum of 5% (known as Limited Price Indexation (LPI)).
This provision for LPI only applies to benefits earned after 6 April 1997 (AVCs are exempt).
This requirement has now been amended, so that that part of the
pension earned after 6 April 2005, only needs to be increased in line with RPI, up to a maximum of 2.5%.
However, for that part of the pension earned before 6 April 1997,
while scheme rules may grant annual increases, there is no legislation that requires schemes to increase this pension unless
the scheme was contracted-out of the State Earnings Related Pension Scheme (SERPS).
The rules of contracting-out require that increases be applied
to the GMP as follows:
- no
increase for GMPs accrued before 6 April 1988 (but increases on these are paid by the government along with the State Pension);
and
- for
GMPs accrued between 6 April 1988 and 5 April 1997, the annual rate of increase is the RPI, subject to a maximum of 3%.
We would stress however that these are only the minimum requirements,
and it is normally possible for the rules of company pension schemes to provide for a higher level of pension increase.
Important
news for anyone who has or is working Overseas.
The EEC
legislation means that you may well be able to claim a pension from the country in which you worked. The International Pensions
Centre ( 0191 218 7777) has recently changed it's policy. Where the Centre has contact details they will pass it on but they
will no longer contact the foreign governments involved. So you now have to apply yourself to the individual Pension Departments
of the country. Addresses can be obtained by internet searches. The pensions maybe small but are worth claiming. It now
appears that this may only succeed where a person contributed to a state pension scheme in the foreign country and was unable
to withdraw the any contributions from the scheme when they left the country.
We
know of people who have pensions from most European countries ( some are easier to obtain than others) and also others who
have claimed from Belgium
colonies like the old Belgian Congo, also the USA
,Canada and Australia. Another example
where you need to specify exactly where you were is the island of St. Martin in the Caribbean is part Dutch and part French. The French side of
the island is part of Guadeloupe and is therefore covered by the provisions of the EC Regulations. The Dutch side of the island
is part of the Dutch Antilles which is not covered by the EC Regulations.
We are still investigating, and will update this
space when we get more news. For further information please contact Dave Poulter.
It has been suggested we have a Page for each of the heritage companies, namely, Caltex,
Chevron, Gulf and Texaco, but we need your input if this is to be of any value. Please let us have your input and articles, be
they historic or current.
MEMBER NEWS please give us any news of members or events for members that will be
of interest.
Please add information about members by clicking below and filling in the email, or if you wish to search
for someone please give us as much information as possible.
Click here to email us.
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