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Pensions - what should I do?
I'm 29 years old. I have been with my current employer for 2 years and am in their pension scheme. I currently earn £25,000 a year. My employer currently pays £27.40 per week into my pension scheme, I pay nothing. I have got a statement off them today which estimates that by retirement age of 65 I will have £102,000 in the…
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AVC Contributitions - which prudential funds
Hi I'm going to start making some AVCs to my occupational "local government" pension with Prudential, however I'm not sure which of their many funds I should be putting my money into. I'm 27 at the minute so its going to be a long term investment. I had thought about splitting my money between their relatively new "long…
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starting a pension at 53 and taking it at 60
I have enough funds in my business account to put away £100,000 in the next 7 years. Is this realistic or will it not have any time to generate anything. Taking it out of the business as drawings just attracts 40% tax.
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Sipp contributions /Tax relief after "A" day
I understand after A Day the limit on % of earnings is abolished and an amount up to total annual annual earnings can be invested in a SIPP. Am I correct in assuming that a higher rate taxpayer would only get higher rate relief on the portion that originally attracted higher rate tax at earnings or would higher rate…
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Disability Pension
Hi I have been awarded £40 per week disability for Asthma and a difficulty walking very far. I understand that this is reviewed every 3 years. As I am now 60 my question is. Does this review go on for the rest of my life, or just to a certain age, as my concern is as my State pension is not that good, I might start to rely…
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Stanard Life NAME/Transfer
I took out a Stanardlife stakeholder pension,for my daughter a few years ago,as she was under 16. I am first named on the pension and she is second,what i would like to know is if I ask Standardlife to take my name off,(she is 18) now. Will this affect any windfall bonus/free share when they turn PLC.
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Flexible Benefits
The company i work for is bringing in a thing called "flexible benefits" The key points are as follows* Stop paying your normal pension contributions * Reduce basic salary equal to the pension contribution * Company will meet the full cost of pension contributions So i and the company make less National Insurance…
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stakeholder transfer
How do you transfer an identical stakeholder to a stakeholder done via a discount broker can anyone help
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state pension help
hi my mother is selling her home and going in to sheltered houseing she will have 2 pay for her houseing costs due 2 her selling her home but will she still get her statepension when she sells her home shell get over £170.000 for her home help please
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Who to go to for advice and what recommendations on my current pension position
Hello, I am 32 years old and I have three pensions which I would like advice on. If anyone can advise on a company that I could visit to do this I would be grateful. If anyone here is happy to offer their opinions/advice I would also be grateful. Here are the details on my Pensions. Abbey Stakeholder Pension Started :2003…
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Pearl Pension - What to do
OK this is my first post so please bare with me. I have been checking my general finances and am now studying my pension. I took out my pension on 5/2/98 when I started working and have paid in £30 a month since. With an optimistic retirement age of 50. After reading some old threads regarding Pearl on this site,I thought…
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Im a monetary dunce!
Hey! its my first post :D I need some guidance/help/advice on my money matters, namely NI and pensions/SERPS ( SP2 I think its now called ) I recently received an bonus from my company ( yay! ) but when I had my payslip it came out at far less than I had hoped, I knew it was going to be taxed but not by as much as it has…
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Confused about pension
:confused: Hi guys and gals Sorry if this has been asked before but I can't find it. I have a pension with the norwich union and pay in £80 per month and to be fare I have just read the nov 2004 statement, but is says I have 2 types of fund PROTECTED AND NON PROTECTED, any one got any idea why ? And also I look at the WHAT…
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the M&S stakeholder (again!)
Hi everyone, I did post about this some months ago, and the months have passed so quickly............ ;) I did plan to do some thing (what? - not sure) about this pension but haven't. I tried to seek financial advice from Liverpool Victoria on a couple of occasions but no-one ever got back to me.... It really doesn't take…
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Pension Issues when emigrating.
Please can anyone advise me about what I need to be doing with regard to my pension. I am in the process of migrating to Oz, and currently have a civil service pension. Can I take it with me? Should I? What to do?!?!?!?!? Any and all advice much appreciated, Thanks.
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Pension Virgin!! Please help!
Hello, I'm now 40 years old and a student nurse a third of the way through my nursing degree. Was married for 18 years and spouse sorted all finances. Have been left without pension that I had relied upon - he gave me a lump sum from house and I used it to get set up again and thought I would be able to get a portion of…
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New job, unsure if I want a pension
Hi All, First post. Have read lots of sensible advice in this forum and am just trying to get a sanity check on my current retirement strategy :o I'm a 28-year old higher rate tax payer with no pension so far. I heard a lot of bad things about pensions from a previous boss so decided to save using a cash mini-ISA (was…
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Credit card or pension ?
I guys I hope someone can help me, I am currently paying in to a private pension £80 per month and £35 per month in to a company pension which they then match I have also got a credit card with £4000 on it with capital one at 3.9%. The Question is I am thinking of stoping the £80 a month pension and paying more than the…
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Re: Martins article on Pension Brokers
For those who have not read the article, its about using a broker to get a new plan. This brings down the charges buy cutting out the commission which the IFA takes and investing it back into the pension fund instead. Obviously I would like to do this as I think I am capable of picking my own funds. My employer has just…
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StakeHolder pension charges
Hi all I have read Martins article about trying to effectively re-pension to try and reduce the annual charges. I thought I was being charged 1% per year of my pension value and that I may be able to reduce this down to 0.6% per year. I didn't know the government cap on charges had been increased from 1 to 1.5% so I…
