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AEGON Section 32 post 88 GMP question
Any advice please:- I'm sorting an old pension that I was advised to transfer to AEGON when I left my last company 17 years ago. They've never sent annual statements hence I requested one & the details are as follows:- GMP £4565 @ retirement date - 2032 based on 7% revaluation rate. Current fund £23,776 made up of (£17,254…
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Final Salary Scheme
Hi, i have just joined a final salary scheme where my pension will be based on my final 3 years service. unfortunately, my understanding is VERY limited, surely it is beneficial for me to pay as little as possible into the scheme until the last 3 years? as the only things taken into consideration appear to be the last 3…
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Is it worth obtaining advice?
I have (amongst other things) a Stakeholder with approx £51k in it. From what I have read, this may not be the best method of saving into a pension. I am not confident enough to manage my own pension per say, so I have been looking at transfer options via Cavendish. To be frank I am confused, and I wondered whether it…
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Could we cash in these pensions?
My husband and I both have pensions and are interested in whether we would be able to release any of the money, either in part or full. 1. Mine is a Standard Life Self Invested Personal Pension Scheme. It's from an old job so hasn't been contributed to since 2010. It has a current (and transferable) value of just under…
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pension lump sum advice ?
husband has a £60,000 pension pot available this year he will take the 25% lump sum leaving £45,000 which will pay 2800 annuity but with this and his state pension it will push him into the next tax bracket and he will lose his personal allowance his income is not going to drop so no point in deferring either pension so my…
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work not paying monthly payment
Hi I have just looked at my pension online and it is saying that my company has not paid in since nov 13.They have paid April 2014 but where have the missing months gone? I rang up scottish widows and they said i have to speak to my hr dept at work to find out whats going on.I will do this when im back to work (off sick at…
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Pension lump sum or not?
I am shortly able to retire from the fire service on a full pension at the age of 50. I do know I am very lucky compared to many others. I am looking for advice about the pros and cons of taking a lump sum commutation or a higher monthly pension for life. My debts are mortgages on two properties. One is our home, the other…
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New personal pension - does this seem sound enough?
OK, so after much further reading, digesting and thinking I've come to the conclusion I should follow a passive investment strategy. With a 10 year minimum investment period and an adventurous outlook on the investments I am looking at a 75% equity split. I was leaning towards a Vanguard LifeStrategy product for ease but…
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20% pension product charge (of input for year 1) by IFA - sound right?
I am setting up a personal pension. I went to an IFA and was told that the cost will be 20% of my first year's contribution (approx £1000 of the £5000 I would be putting in). The annual charge of the product will then be 1% until it reaches a certain size, upon which this decreases (Scottish life). It seems from our…
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another pension or ISAs for additional savings
Dear all In response to the budget I would appreciate some general views on switching potential savings from ISAs into additional pension provision. My background, currently 43, with 20 years final service pension accrued in the NHS scheme. I expect I have reached the peak income earning of my career, flatline at best for…
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NHS Pension
I worked for the NHS about 12 years ago for a year and was paying into a pension, I would just like to know how I can claim back the contributions if anyone knows??
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State Pension Forecast and Flat Rate State Pension
By way of example to present my question. Assume that the Flat Rate Pension is £140 a week (fogetting indexation). Say that my State Pension Forecast is £180 a week including S2P despite having contracting out for many years and having contract in many for years. Presumably, despite having contracted out for many years I…
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Metlife late sending money...
Metlife were supposed to be sending £50,000+ to my annuity provider on 7/4 but ending up sending it on 11th. Am I being ultra-picky to have a winge? It's changed the time-scale for when I receive my first monthly payment.
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Cavendish Stakeholder (Firendslife or Aviva)? or SIPP with HL?
Hello, I have a limited company which I started saving through it 6 years ago. I currently have a stakeholder pension with Friendslife (directly). I'm thinking of transferring my pension to one of the more cost effective brokers(?), i.e. Cavendish or HL. With Cavendish I would then need to choose whether I want to invest…
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AVCs running alongside occupational pensions..
Hi all, Quick question: I have 2 separate deferred occupational final salary pensions with 2 different ex-employers. I also have an AVC with both of the ex-employers, which runs alongside the main final salary pension. Is it a general rule that you have to take the AVC at the same time as you take the "main" pension ? Or…
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53--only state pension-self employed
positives no mortgage come dec 2014(equity 100k) will hav £650 a month disposable income jan 2015 work till 70,p/t after that health wise ok negatives only state pension question want a decent nest egg to help me out old age whats best course of action to achieve this p.s. im one of those who failed:( to think about…
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Too old for a pension? Invest in 'bricks & mortar' instead?
Hi, I'm going to be hitting 46 this year... Married, two kids, not much at all in the way of savings but with some effort I would be able to divert money towards the future. My question is should I go down the pension route or I am "too old"? Would it be best to invest in a house or something? I'm not yet sure exactly how…
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S2P and BT pension scheme
would appreciate some advice. I believe BT people were contracted out of SERPS until April 2009 but from that date we are contracted back in. I do not intend to work for BT beyond age 60 maximum. When I get my State pension I believe I will now receive something from the S2P for my contributions since April 2009 but if I…
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Pension Downdrawn or SIPP
I will be investing my 100k pension pot, around April '15. I like the idea of controlling my own annual income. From what I see, there are 2 ways to do this, either by taking out a SIPP or an income downdrawn pension. What is the difference? Or are they one and the same thing? Thanks
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Santander Retirement Investment Account - Moving Funds Elsewhere
Apologies if this has been covered elsewhere, I couldn't find anything by searching. My OH started a Santander (Abbey National back then) Retirement Investment Account when he contracted out of SERPS some years ago. There is about £24k in the fund now, growing at a pitiful 0.4% per year. He has a current pension plan with…