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AVCs /additional childrens tax credits
I recall reading a brilliant post on how tax efficient avc payments could be for someone in a particular salary band in maximising child tax credit payments . Could some kind moneysaver please enlighten me or post a link to original thread. One additional question in my mind . Can stakeholder contributions be deducted from…
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Budget,Women Pensioners Wont Get Rebate
Women pensioners aged between 60 and 65 will not get the 200 pound council tax rebate............to make it clearer...where the women is widowed or single and a pensioner,or where the woman is a pensioner under 65 and her husband is not over 65 they will not get the 200 pound rebate.This is discrimination against…
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Additional Voluntary Contributions
I'm in a Final Salary Pension scheme and to qualify for my max 2/3rds pension I need to work approx 34 years, which I hope to do. My question is I have been paying £100 per month (40% tax saving) into AVC's for the last 10 years and I'm thinking should I continue, as I'll already have my max 2/3rd's pensions. What happens…
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Wish to move EPP to something better
I was an IT Contractor for about 4 yrs and during that time set-up a Executive Personal Pension with Royal and Sun Alliance. I went permanent about 3 years ago and have since closed down the company. Currently, I have about £11,000 sitting in the EPP, but have not added any premiums for about 3 yrs and it is being hit by…
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Widows Pension Options - Advice Needed!
Hi, My recently widowed mother in law has a just recieved a letter about a pension her usband had which she is now entitled to. The fund value is approx £15,000 and she now needs to make a decision about which form to take this pension. Two thirds of the fund is protected pre-1997 and 1 third protected post 1997. The…
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Pension changes - any advice welcome please
Hello All, Personal finance not being my strong point I thought I would ask for some opinions before making any changes. I have a stakeholders pension with my company which was with NPI and they have moved it now to Standard Life. I contribute £120 and the company contributes £233 a month and the current balance is £…
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please help complete ignoramous!!!!
evening all hope you can help me with this one i've just been invited to join the work's pension scheme, and i dont know what to do. im a student, and although the job is my main source of income, it is only a part time job. i forsee me working there for the remaining three years of my degree, but per annum, i am only…
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Minimum income guarantee questions.
As I understand it, there is currently a Minimum Income Guarantee scheme in place that applies to pensioners (correct me if i'm wrong). Question 1: Do the calculations for this take into account both the Basic State Pension Payment and any SERPS payments being paid? 2. Where is the level of Minimum Income Guarantee in…
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Pension Triviality Rules - How to Make Money!
In April 2006 the Government is introducing new rules allowing those aged 60-75 to cash in Pension Funds if the total value of all Pension funds (including those in payment) is less than £15,000. In this case, the entire value may be taken in a cash sum. 25% of this will be tax-free, the remainder taxable at whatever your…
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SIPPPs and Existing Investments
No longer wish to disclose personal information
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Final Salary Options
Thanks to those who confirmed the rather sad news on my early retirement quote. I now have to decide whether to keep the funds where they are or potentially move them to the SIPP where my last pension is invested . Briefly I am 52,stopped work to help with my disabled wife and had planned to draw all my pensions post A…
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bill
My wife (D.O.B 22/8/47) stopped working 2 1/2 years ago. She does not claim any benefits at all and she pays about £90 quarterly national insurance for her state pension. She recieves a firms pension of £189 monthly and has £13500 in an ISA from which she is taking £250 monthly to live on. (This is roughly what her…
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Norwich Union Advice
My wife has a personal pension with Norwich Union it is invested in the With Profits Fund Series 2, which turned in a 4% return last year. The charges are 0.7% monthly. She has about 9 years to retirement, is this a good fund to remain in or could she do better. Thank you.
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Saving for Retirement-Capital but no Income
No longer wish to disclose personal information
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Pension Advice?
Hi, Please could you give me some advice.I Have paid £1,774 into a personal pension which is not due for another 35 years(I am 30 yrs old now). I would like to know is there anyway I could get this money out of the pension which I have frozen 3 years ago,even if I had to forfeit a chunk of the money? I would like to get…
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Standard Life Free Standing AVC Plan
I've just received my yearly statement for the above policy which was meant to top up my pension fund. Its appalling and I would have been better putting the money into the Building Society. Does anyone know the best way forward? I have no intention of increasing my monthly payments. Can I freeze it or draw it? I seem…
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Early Pension Release.
Iam going through the process of early release of my company pension. I am doing this as ifeel that as it will only be worth about £2000pa in 2008 when I'm 65 any Pension Credit I might be entitled to would be wiped out by the Pension. Am I right in thinking this? :confused: :confused:
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Norwich Union Stakeholder?
I'm currently narrowing down stakeholder choices. One possible option is Norwich Union. I'm wondering how good they are? Has anyone dealt with them?
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Getting money out of pension
I have an executive pension plan for an old company that I used to own. This money is just sitting in the plan and I am experiencing severe financial difficulties so I could really do with accessing the money right now. The value of the fund is about £25,000. I am 39 now and the retirment date on the plan is 60. Is there…
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stakeholder - cash in?
Some years ago (I was a bit 'green' to all this then) I bought (was sold) a stakeholder pension with Legal and General. I'm paying something like £130 a month into it at the moment and the payment increases every 12 months. Having looked through the paperwork, I'm locked into this until I retire. Thing is, I could really…
