-
annual management charges query
I have a w.p. personal pension with an insurance company that's not receiving any bonus plus a works pension currently paying into.The ifa's I have spoken to have suggested transfering to funds/funds of funds from such as skandia,threadneedle,fidelity etc. The amc's could range from 0.7 to 1.9% with the ifa's adding 1%…
-
relevant income for pension contributions
I'm trying to calculate the biggest pension contribution possible to get my mother down the 40% tax bracket (as a contribution to count for the last tax year). Her relevant income is all from commercial property rental which is taxed on what was due and not what was actually received. Her tennant missed three months rent…
-
stakeholder pensions
Hi I dont really know much about pensions, and I have been offered a job (which I accepted and I start in two weeks) and they tell me I will be able to join their stakeholder pension after 12 months of continuos service. I understand basically what this kind of pension is. However, im 25 now, and clearly need to start…
-
Police Pension vs Private
Hey guys, I'm currently going through the police application stage and hope to start training mid august if i get in. One question that is bugging me currently is whether to join the police pension scheme or opt-out? The government have recently announced a shake up and a new revised version shall exist from January…
-
Care Fees Annuity with Pension
Is it possible for someone who has not yet purchased a pension annuity with their pension 'pot' to buy a 'care fees annuity' with that money if, at the time they purchase an annuity, they require residential/nursing care? One adavantage of a care fees annuity is that no tax is payable when the annuity is paid direct to the…
-
Final salary pension scheme
I am a sixty year old engineer working for a company that just recently has been bought out. At present I am in a Group Pension Scheme with one of the major UK companies. I have been with my present company for nearly 22 years. As I understand the new company has a Final Salary Scheme that I will have to join. I know that…
-
How many stakeholder pensions are allowed at the same time?
I thought it would be a good idea to suggest my mother (aged 67) saves some tax (as she's in the higher tax bracket) by getting her to put some money in a stakeholder pension. She can apply to have a contribution counted for last year (if she gets this sorted out by January 31st 2006 when after which that won't be…
-
Protected rights pensions
My father invested £2000 in a protected rights pension scheme in the early 90's. For one reason or another, he would now like to cash this policy in. The company who administer the scheme can't offer this facility. Does anyone know why this is the case with 'protected rights' schemes? Which rights are protected exactly?!…
-
transfer prevention cartel?
I'd like to transfer a final salary pension from a previous employer to my current employer - "certainly sir" they say at the transferring company. "Just need you to get the receiving scheme to sign our indemnity statement. It's to protect you, in case the government changes the law retrospectively." Of course, the…
-
self emplyed pensions options?
i have just gone self employed (driving instructor) and would like some pensions advise i used to work for the local council so have 15 years of the pension from there so where to now? any advise welcome thanks
-
Is there a list of non-scam Pension Companies
I have been looking for a list of Pension Companies that have never been involved in miss-selling or other scams (I know this rules most of them out). I rang the FSA who do not produce such a list and no search seems to find anything useful. Does anyone know where there is such a list that would include only companies that…
-
Virgin Pension-Taking money out
I have a Virgin pension, and have been paying in £10 per month(with some breaks)for about the past 2 years. I want to take some money out, could I do this? How do I do it?
-
Pensions - Conflicting advice given... help!
I am quite inexperienced when it comes to pensions, I'm trying to understand more from reading these forums! I hope someone would be able to offer me some advice/info regarding my pensions. Basically, I have one pension with Scottish Widows from a previous employment with £400 in. And one from Friends Provident from…
-
Retirement Capital Plan Pension Advice
Hi, I'm not an expert on pensions but the Engineering company I work for is proposing to make some major changes to its pension plan. I am currently on a Retirment Capital Scheme, I pay 4% of my pay and the company pays 16% to give a 20% fund. However the proposed changes are a 1:1 match up to a maximum of 8%. i.e if I pay…
-
Monthly Saver For A Pension?
HELLO! I'm 28 and I've started saving for my retirement (a bit late I know!). Only thing is all this pension talk bores and confuses me. So........ last year I set up a Derbyshire Regular Savings account which I put £50 a month into. I have an ISA in which I put savings for my travelling. As I wanted to keep my travelling…
-
nearly 22 and thinking of pension any advice
Hi just sat down reading these forums and thinking of my retirement ( i know only 21 and thinking of it allready) any found a calculator that works out if i saved say £100 per month for 28 years on a 5% interest account my return taking into account inflation of 2% a year my return would be £73000 i would also increase the…
-
Pension amalgamation?
Due to changing jobs a few times over the last 15 years, I've got pension payments in 3 different places: Around £40k in Standard Life, £4k in Virgin and £2k in Friends Provident. I'm currently not paying in anything to any of them as I'm just taking out mini cash isa's each year. I'm due to retire (single woman 50) in 10…
-
Maving to Canada, what do I do with my pension!
Hi All, I was just wondering if anyone here might know what I should/can do about moving my pension fund when I emmigrate to Canada later this year? Is it transferable, can I organise it myself or do I need professional help?! Any advice would be gratefully received or direction to a resource on this matter. I have looked…
-
Can you backdate NI contributions?
Question from my boss this morning. His wife has been self employed for some years but now has to stop working. He wants to continue paying NI contributions for her but I seem to remember that you can actually pay any missed NI contributions later (bearing in mind that if you die before reaching retirement age then any…
-
Help! Graduate Pension
Ok I am a complete neophyte when it comes to pensions, but all the recent press scares me. I worked in reasonable well-paid job after graduating for three years, obviously paid NI contributions but did not join any pension scheme. I then took a year to do a Masters degree and am now returning to full time employment,…
