If you worked on a building site in the 80s - read this.

[Infidel]

Briefly - the bigger firms used a holiday stamp scheme. For each full week you worked you got a stamp on a card, and when you moved jobs you took this new card to your next employer. If you (like me) were involved in this you will remember.

Anyway, for reasons I know but can't be bothered to write up here - for every stamp you ever got there is now a payout, either when you reach 65 or you can take it earlier (less) if you wish.

If this is ringing any bells check it out as there could be money available. I've done this (checked it out) and there will be a nice little bonus arriving.

[Stocksfield_Poolie]

is it available for anyone who has passed on, for their immediate family?

[Jamie1952]

Need to provide a link infidel, the only way you might be entitled to money if the company wasn’t paying correct holiday pay based on your weekly earnings.

[paulus the woodgnome and a side salad]

You saw some funny things on building sites in the 1970's, I remember being on a school bus aged about 13 and we were passing a new housing development in Shotton Colliery, I spotted this lad in his black crombie and dm's pushing a wheelbarrow full of bricks around and realised it was a lad in the year above me at school

[Infidel]

Need to provide a link infidel, the only way you might be entitled to money if the company wasn’t paying correct holiday pay based on your weekly earnings.

It's not to do with that. Firms used this stamp method to pay holiday pay. This extra benefit is an unexpected bonus, but you rely on them to find you, unless you contact them and provide a few details to see if you're eligable.

Try this -https://www.google.com/search?client=safari&rls=en&q=be+and+csm+holiday+stamp+scheme&ie=UTF-8&oe=UTF-8

Or google BE and CSM Holiday Stamps Scheme.

[MutleyRules]

That's living alright.

[Jamie1952]

Full explanation,
The "BE and CSM" holiday stamp scheme, referring to the former B&CE (now People's Partnership) holiday stamp scheme, provided a lump sum payment to workers, typically in the construction industry, upon reaching the age of 65. This scheme allowed employers to contribute towards employees' holiday pay through the purchase of stamps, which were then redeemed for cash when employees took time off. Upon retirement at 65, members of the scheme were eligible for a lump sum payment, which was often tax-free.
Key Aspects of the Scheme:
Holiday Pay Savings:
The scheme acted as a savings mechanism where employers bought stamps to cover employee holiday pay.
Lump Sum Payment:
Upon reaching 65, members could receive a tax-free lump sum payment.
Optional Additional Contributions:
Members could also make additional voluntary contributions to build up extra benefits.
Transfer Options:
If desired, members could transfer their benefits to other pension schemes or providers, like The People's Pension.
Early Retirement:
While the main payout was at 65, members could potentially access a reduced payment earlier, from age 60.
B&CE's History:
The scheme originated with B&CE (Building & Civil Engineering) in 1942, later evolving into People's Partnership.
How it worked:
Employers bought holiday stamps from B&CE.
These stamps were given to employees to cover their holiday pay.
When an employee took time off, they would redeem the stamps for cash.
Upon reaching 65, members could claim a lump sum payment based on their accumulated contributions.
Important Considerations:
The scheme was designed to help construction workers save for holidays and retirement.
It was particularly beneficial during a time when other employee benefits were less common.
The scheme eventually phased out the use of physical stamps in favor of other methods.
Members should contact People's Partnership (formerly B&CE) for specific details about their individual benefits and options.

[Infidel]

The above (prob AI?) is accurate however it misses the most important detail which is…

Because the stamp scheme was not originally designed for a later payout, many people are not aware that the payout exists, and also may have forgotten as it’s now 40 plus years ago.

I think the government made them do the extra payout because the firm in question had amassed too much money.

[Jamie1952]

The above (prob AI?) is accurate however it misses the most important detail which is…

Because the stamp scheme was not originally designed for a later payout, many people are not aware that the payout exists, and also may have forgotten as it’s now 40 plus years ago.

I think the government made them do the extra payout because the firm in question had amassed too much money.

This is from a website,
https://bandce.co.uk/products-services/ ... efit-lsrb/

[Infidel]

The above (prob AI?) is accurate however it misses the most important detail which is…

Because the stamp scheme was not originally designed for a later payout, many people are not aware that the payout exists, and also may have forgotten as it’s now 40 plus years ago.

I think the government made them do the extra payout because the firm in question had amassed too much money.

This is from a website,
https://bandce.co.uk/products-services/ ... efit-lsrb/

Okay. Basically, if just one person reads this thread and claims their money then that's a good thing.