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Pensions, annuities & retirement planning

Archives for January 2006

Refunds of "trail" or "renewal" commissions
Given that this is a money saving site it must be worth saying that I like many of us have collected several different pension plans over the years. Some of these are paying commissions amounting - I believe - to a few hundred pounds each year to the IFA who sold the policy several years back. My understanding from reading…
Paying N/I after early retirement?
Hi I have been speaking to the Pension Forecast people today as my forecast got lost in the post (they put the wrong address DUH!!) the guy I spoke to was most helpful and we discovered that I have no allowance for Home Resposibilities Protection which he says I should be entitled to for the years 81-86 he is sending me…
Pension Choices
I'm keen to ensure my financial security but am finding the decisons difficult. I would welcome some help! I am 43 and have been a member of the Local Government Pension Scheme for 5 years. I transferred two years' accrual from my previous occupational pension into the scheme when I joined. The details say it is a…
Protected rights - new legislation from 6th April
I understand that Government legislation from 6th April says that protected rights elements of Personal Pension policies can be taken from age 50. I have two personal pensions, one with Prudential one with Equitable. Spoken to Prudential – no problem -can take Protected Rights benefits (both tax free lump sum and annuity)…
serps opt in out ?
hello Ive been cheaking all my finances over the past few days I realised that between 1988 to 92 I was paying serps to royal london then between 1992- 2001 i was in my companies scheme but since 2001 to now the money had been going to royal london again I had not realised this is there a way i can find out if i was…
Pension advice.
I had a IFA bloke round the house last week to sort out my pension stuff. At present I've got 3 pensions. 1 is ongoing from work and the other 2 are from previous employers. I wanted to combine the 3 together and get a pension that is a bit more lively than the dire one from work. Work wont co-operate and pay their…
Final Salary Pension
I've been given the chance to join my works pension scheme. I would have to pay 7% per mth and they will contribute approx 13%. It's based on final salary. I know absolutely nothing about pensions and wondered if this sounds ok? Any advise greatly appreciated. Many thanks
where are my serps been paid?
Hi All this may sound daft but i have no idea where my serps are been paid to in the late 80s i was "advised" to contact out like every one else in the 90s I joined my then company final salary scheme I think at that point they got it ? but ive been out of that scheme for about 5 years I have no idea where its going I…
Final Salary Closure
Perhaps not surprisingly my company is jumping on the bandwagon on considering Final Salary scheme closure to existing members. It has been closed to new members for several years. We are about to enter a 'consultation period' but I think the outcome is pretty much already decided. My question is three-fold :- 1) What…
will intrust... should one do this?
when shoudl you do this? is it worth it? cost? thanks in advance.
mum says would get more for her pension if was divorced...
but still not divorced as still in french courts after 5 years. english husband playing on residency. In france he says he is french resident so can claim half of her property under french law but then in uk he says he is also english resident. In france he is saying he is homeless with no money (but his assets are in uk);…
Equitable Life and EU probe
Hi, I’m currently looking into options on Equitable life for my parents. It seems they have both Unit linked and With profits products. As I understand from reading a previous thread on this, the only issue with the ‘Unit linked' product is that the stock market went down. As it’s now higher than it was before the early…
Scottish Widows Post
Hi everyone i want to know if anyone eles is having the same problem i am. Ive got a pension with Scottish Widows and every time they send me a letter in the post i always get 3 copies of the same letter in diffrent enveropes. if they doing this to all of there accounts this must cost them a bomb.
no pension!
hi, i am currently a SAHM, and cannot work due to having a disabled child and a small baby. my plan is to re-start work once my youngest goes to school which will be september 2008. i am a single parent. my question is this...i am really worried what will happen as i have no pension i am 32. i would like to start…
When can i retire
I've just done a pension forecast and it looks like I would be better off retiring early and continuing with some part time work.I am nearly 58 now so could I retire?--and how do I go about it??anyone know?? ;)
house as a pension
hi All at the mo at the age of 37 i dont have an offical pension my new employer has a stakeholder but ive not taken up ive been out of my last company scheme about 5 years ive been using up my isa allowance instead £3k cash 4k shares my girlfriend is selling her house and we are buying one together her house is in a good…
SERPS - contracting in or out?
I'm 34 and have my own stakeholder pension (Standard Life) paying £50 per month into it. I've never got my head around SERPS and contracting in or out - I've no idea what I am currently doing. How do I find this out and what would be best in my circumstances? Apologies - have now started reading the threads closer and…
taxcode on my pension payments
Hi, I have only recently (31/12/05 ) and have just received my first pension advice slip. On it my tax code is ***L then MI. Anyone know what the MI means? I looked on the government tax info website but can't find it. Many thanks Terri :cool:
Financial advisors?
We are in desperate need of a reshuffle of our finances due to new jobs etc, but don't know where to start. Can anyone recommend a IFA in the north west area please?
How much to transfer pension?
Hi everyone, just a query between me and my husband, could anybody tell me roughly how much it is to transfer one work pension into another work pension. Husband was working for a company for 8 years and had a pension scheme with them, when he left he just never paid into that pension again, so now hes in new work and got…

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Pensions, annuities & retirement planning

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