-
Transferring pension - advice please?
I have been informed by my pension provider [Scottish Equitable] that I cannot release a cash sum from my Group Personal Pension, but looks as though I can only transfer it to another pension provider. Is this correct, and is there any way I can "unlock" this money? or transfer it to another compnay where I can release the…
-
Pension thicko, please help.
Please - is there an expert in the house? My husband has a personal pension with Axa costing about £208 per month. He also has a frozen pension from his employment some 25 years ago - Metal Box Ltd. He has been self employed (now a "company director"! on advice of accoutant) for over 25 years. We have recently found out…
-
Stakeholder Pensions/ MoneySavingExpert.com Discussion Area
This discussion relates to the updated Stakeholder Pensions: Boost your Returns article. Click reply to discuss.
-
transferring a pension abroad - how easy?
We're hopefully emigrating to Australia shortly and want to take our personal pension schemes with us. We've both stopped paying into them from this month. Does anyone know what we need to ask the companies for? And whether it is straightforward to do this transfer ourselves? Thanks :)
-
Transfer to occupational pension?
I am in need of some advice. I am 34 years old and have contributed to a personal pension for 13 years. In January this year I made a career change to teaching assistant which I hope to remain in until retirement. An occupational pension is provided and I have cancelled the contributions to my personal pension, but I am…
-
Lump sum or take the monthly Pension?
Hello, I am a new Widow with 3 young children and ,my deceased husbands pensions (bits and pieces accrued over years) are offering me a lump sum or ,a monthly pension for life. I just wondered what would be the best to do . One is a lump sum of £2000 or yearly pension of £108.00 . Another is a monthly payment of £52.00 or…
-
Pension Query: I know nothing!
I have been paying into a police pension for just under 2 years but am looking at leaving the service and moving abroad (viva espana!). Colleagues are under the impression that i will not receive my contributions back as i have paid these for over 3 months? Its not much (£8000?) but i could do with the cash to put towards…
-
Standard Life Pension - Help!
Hi, I was hoping to get some help for my mam, she's just received all her forcasts through for her Standard Life pension. She is 59, and due to retire february next year. She has been paying £10 a week for 22 years (doesn't sound a lot today, but suppose it was 20 yrs ago). Whilst the money in the pension pot is around…
-
Stakeholder [et al] pensions financial protection - capped?
[Taken from the 'key features' document for a CIS Limited Stakeholder Pension] So does this mean that there a capped level of protection [like that covering savings held with banks etc] of £48,000 per £50,000 held? Unlikely as it is that Stakeholder [and similar] pension providers would 'lose' the money [its in your own…
-
AVC vs Student Loan Payment
I'm 26 nad have a pretty lousy group personal pension through my work. My employer pays 3% of my salary and I also pay 3%. I owe about £9k to the student loan company, but don't earn enough to have to pay it back (£20K in salary and bonus) Is it beeter for me to pay spare cash as an AVC into my pension, or to pay off the…
-
Pensions Shortfall
Hi all I work for a major IT company and have a contributary pension through them. I recently read a little bit in all the bumph they send me every so often that there is a big shortfall. I don't really understand what this means. Does this mean that the company hasn't been paying into the funds what it should have? Does…
-
Pension contribs to reduce business profit
My other half and I have a fairly new small business and have made more profit than we thought so our working and family tax credit estimate was out by quite a long way. Would it make sense to invest the right amount of money in a pension so as to take us to the level of profit we thought we would be at and therefore not…
-
New job - new final salary pension
I'm about to start a new job that offers a fianl salary pension just as my old employer (BBC) does. Should I ask to transfer the funds to my new scheme or leave them where they are? Last time I moved jobs I lost out on years of pension in the transfer. Any advice?
-
Occupational pension question
I am starting a new job very soon and one of my first tasks, no my first task as I will be losing out otherwise, will be to help the Director set up a penison scheme for the company. I have been researching a little and am getting more and more confused the more I read. Can anyone tell me what the first place of contact…
-
SHP Trivialty Rules
I have a number of one-off minimum SHP's with various providers (taken out for 'bagging purposes ;) ). Eventally I will want to either: (a) amalgamate all these with one provider or (b) cash them in - which I believe can be done under the "Triviality Rule" - rather than having to purchase an annuity :confused: Would…
-
stakeholder pensions
think its time i sorted one. can anyone direct me to some up to date info plase? also which 'companies' are regarded as the best, as i dont want to loose my money am i best sticking with my bank?? cheers
-
Pre retirement courses
Has anybody been on one of these courses and would they recommend it?
-
deferring state pension.....question
if you defer your state pension by a year but lets say you fall ill within that 1st year and you need your money because you cannot work could you then ask to get your state pension. I am told you would lose your right. any tips appreciated. thanks in advance.
-
Home Responsibilities - My Partner
Looking on the pensionsadvice website I stumbled across the Home Responsibilities page and thought about my partner. She has not worked for 7 years whilst looking after our two children (6 and 4), she does have a frozen occupational pension scheme with around 7 years paid in I believe and was opted out of serps when she…
-
Serps/Protected Rights Query
Hi all, I am 34 and have been opted out of SERPS for most of my working life... during that time I paid into...then exited and then rejoined the NHS pension scheme (and have around 6 years of contributions there). After leaving the NHS I joint a company with no occupational scheme so I started a Friends Provident…