Please note: The Auto-enrolment sub-board is now closed. If you have a question around pensions, please post in the Pensions, Annuities and Retirement Planning board.
Auto-enrolment
Archives for August 2015
Discussion List
Delays from Actuarys
Hi, I've been trying for over a year to get a Trivial Commutation estimate for a small pension, but keep getting a reply from the Administrating company that the Actuaries are still considering their policy on this with regard to new legislation. It seems they can just continue to fob me off with this, is there anythingI…
Opt-In at age 61?
My employer will reach their staging date soon, I'll be 61 & work part time & a non taxpayer (salary too low for tax/ni) but will fit in the 'choose to opt in' category (not opted in automatically). I don't need an additional measly monthly pension TBH, but weighing up whether it will be worth opting in for the few years I…
Pension vs. paying off debt
Hello I am 31 and have just started a new job with a much larger salary of £57,500. My employers have auto enrolled me onto the pension scheme (I've never had a pension scheme before) where I will pay 8.5% pension contributions so that takes about £200 off me each month (it's actually about £400 they take but tax relief or…
Final Salary Options
I have 13 years of a final salary pension plan. I have 3 options on maturity at 65 in a few months. 1) receive 20k per annum, index linked, 50% to spouse on death. 2) receive 15k per month , index linked, 50% to spouse on death plus 90k tax free lump sum 3) take the transfer value of 400k and put it into a SIPP I am in…
Worth it for over 50's?
Have just had my introduction pack from NEST and am wondering, as I just turned 50, if this pension is likely to provide much of a boost to my pension income in the space of 17 years? Am reluctant to opt out and miss out on my employers contributions but at the end of the day they wont really amount to much...
How to compare pensions...please help???
Please could give me some advice. I currently work for the local authority however, my job is being privatised therefore they want to change our contracts from 1st September. I have been told that I won't be worse off financially however, I won't receive the benefit of a local authority pension or discounted childcare I…