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Opting out NHS if service will be <2 years
Hi I'm joining the NHS but will definitely not be staying for 2 years. From what I can work out, if you stay for less than 2 years you are forced to refund your pension contributions or transfer out- but there are very few schemes that will accept it unless you're getting another public sector job. In this instance does it…
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Pension options
Hi all, Your opinions please. I am 58 & have 2 Pension’s. The first one is from a company I was made redundant 18yrs ago. The 2nd is with my current employer & this pension is run by Aviva. The company running my 1st Pension have offered me an uplift to my pot, if I wish to transfer out. The fund value was £129,000 but…
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Annual Allowance
Sorry, posted this in wrong place, don't know how to delete, have reposted now. I've just retired on 20 July 2018, (age 70), and I'm not sure where I stand in relation the the AA, and hoping for some advice. I was in a final salary scheme which closed this year on March 31st. No problem with that, I have transferred it out…
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pension fund to buy a house?
I have an old company pension that is worth about £163,000 and I'm currently getting my state pension and living in social housing. What I would like to do is take the whole sum and buy a house mainly to free up my social housing for a young family who may need it. But I'm told by my advisor that if I draw the lot (event…
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State Pension
Can anyone confirm the qualifying years for state pension, I believe if you had 30 years before 2016, then the 35 years from 2016 don't apply.
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AMC too high ot about right?
Hi everyone. I had a workplace pension set up a couple of years ago with "The People's Pension". After doing some research I've seen that the AMC is 0.5%. After looking around online it says an AMC of 0.5% can eat into your retirement pot but up to 11% by the time you're due to retire. This got me slightly worried. Am I…
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Misleading Tax Free Cash
I’ve received an apology from my pension provider who, for the last 8 months, gave me no indication that I could not make a 25% tax free cash drawdown. I was given repeated verbal assurances that I could make this drawdown and as a consequence I decided to consolidate four schemes from previous employers into this scheme…
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Expression of Wishes Advice
Please can you help me, I am in dispute with my late husbands Pension Company, are they duty bound to keep a copy of all Expression of Wishes? - they are saying they dont have a copy of/or the original document just a note on his file - is this adequate proof of an EOW ??..
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Employer Matches Into SIPP
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Work pension
My work pension is changing over to Royal London. Do I transfer what I have already saved to Royal London or leave it where it is and start fresh?? Help please!!
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Will the state pension exist in 30 years?
Hi All I'm 30 and am in full time work paying modestly into a auto enrollment pension. Savings and circumstances aside does anyone think that the state pension will even exist by the time I reach retirement age? I read stories about it being a timebomb waiting to go off but my hunch is that just paying into a pension pot…
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auto enrolment, standard life
Hi Can you clever people give me some advice I am 56 and haven't got a pension, not had good jobs in the past to be able to afford one. I earn 23,000 per year now and my company put 2% in and I put3% from my wage My question is I can afford to put in an extra £400 per month,would this be advisable or would I be better…
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Understanding My Payslip
Hi All, While I am fairly clued up on most financial matters. I must say that pensions are a topic that really confuses me. I have recently started a new job. Under my previous employment I was having just under £10 per month deducted form my pay. The Pension Benefit Statement shows I have a little over £1,450 at 06.04.18.…
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Employer won't let me increase my contribution
I have recently started working for a new, small company (<15 employees). I have been enrolled in a Workplace Pension, currently contributing the initial 1%/0.8%/0.2%. I have requested to increase my contribution but have been told that they do not allow this. Is that correct, are they allowed to stop me contributing more?…
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Auto Enrolment - fairly new company
My husband started a new job a month ago - it's a fairly new company (offshoot of a parent company) - according to Companies House it was incorporated in Aug 2017. So far there has been no mention of a workplace pension. There is nothing on his payslip and also no PAYE ref on the payslip so we can't check the online…
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st james wealth management
im thinking of transferring my pension to a company called st James wealth management has anyone had dealing with them what i have heard sounds to good to be true so would like to check first.
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In need of advice
Hi all, I joined the auto enrolment pension in 2013, I'm currently paying 1% and my employer pays the same. However I noticed on my paper work that my employer will start paying 5% as from October 2017 and 8% from October 2018. I have spoken to my pension provider and this has not happened. I have then spoken to the…
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How can I draw 10k per year from 250k portfolio
I am looking to try and draw 10k from a 250k portfolio. I would like to.try and use investments trusts to so this, is it possible and what combination of trusts would you suggest ?
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NHS pension
Would I have made contributions to a NHS pension from 1985-2000, when I worked part time?
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British Steel Pension Scheme-
Hi all, wondering if anyone can help me. I had a british scheme pension scheme which started in 2007 and ended in 2011 when I left the business. I forgot about it up until today... I called the company who advised that as the scheme has now closed and they are taking no new contributions it would be in my best interest to…