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Comparison of pensions
I am thinking of changing employer and wish to compare their pensions. My current employer offers a final salary scheme which they have said they are committed to maintaining. This has been demonstrated through increased contributions from employee and employer over the last couple of years. Currently employee pays 7.5%…
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16 yr old and pensions
My 16yr old son has decided he wants to start a pension but i do not have a clue where to start. He was going to go to his bank but i was told this might not be the best idea. Could anyone give me any tips??
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Pensions or ISA
Decided really must get our finances sorted out. Simple question (I Hope) we are in our mid 40s. Should we be topping up my husbands pension (he pays 40 per cent tax) with AVCs or putting our money into ISAs to get the best return. P.S. sorry if this has gone in twice, got a bit confused
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25% lump sum question
Is this figure that I have read about available to those of us that are over fifty??. I have at present three pensions, all frozen (because of employment circumstances) and was wondering if I can divert some cash assets from one or two, in directions other than annuities. The three are spread out and include Allied…
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New Rules
Would it be possible for someone to post a short summary of the new rules due to take effect in April? My own impression is that now it will be possible to - save up to £3,600 even with no income - save up to a max of 100% of income in any one year How will final salary schemes cater for this - added years, perhaps? Will…
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not getting pension
During the period Feb 1969 until Nov 1975 I was employed by a major oil company in the North Sea, and belonging to the contributory pension scheme was a condition of employment. This scheme commenced in late 1971 or early 1972. I have now had a lot of communication with the company and they say they have no recors at all…
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claiming for portion of ex husband private and state pension
my mum is now in dire straits as he left not leaving her anything. however we have heard that she can claim on his pensions (he lives very comfortably). however one of his private pensions is with a company called Generalli and apparently they said in a letter would not pay out to a wife (they are in the process of getting…
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Inland Revenue not paying NI contributions
Hello, I Just discovered there is a huge delay with the Inland revenue paying over monies owed from NI contributions, I have opted out of SERPS about 10 years ago, and each year apparently my empoloyer/s would send a year end statement to IR, they inturn would pay the company I have opted out to supposedly by the end of…
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Sippdeal - have I misunderstood?
I am quite taken with the Sippdeal charges. I seem to pay nothing to start it and no annual admin fee. I then pay £50 to transfer in my existing pension and then £30 max to put all my money into a single share. I then leave it for 20 years untouched. Will sippdeal really run this thing for me for 20 years without any…
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ISA slow burner
Just a very basic idea, please feel free to pick holes in it. I am 25 yrs old. If I put 3K p.a. into mini cash ISA, assuming limit stays the same then, ignoring interest which will of course bump it up, I will have at say age 55yrs, in excess of 90K. With the new "A"day rules, could I then plough it into a pension as one…
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so so confused....
hi all, ive been looking at getting a pension or something to give me a little security in my future. my mum stuffed a leaflet about SIPPS in my hand. (i read one of the posts below on SIPPS). i am soo confused. i hear all these scare stories and think 'if i have a pension with a pension company and they go bust, then i…
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if you work abroad what do you do to get
a decent state pension? a friend of mine has been a resident of the uk for many years but the last 10 years they worked in france. they now get their uk state pension and a miserly amount for the 10 years in france. it is not even the minimum you would get with pension credit. Someone recently told me that they should fill…
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stakeholder pension advice please
I would like to open a stakeholder pension for my daughter but would like to know.....can I open it for her or does the person have to do it themselves....she is aged 28? Is there a salary cut off above which you can't have a stakeholder pension....she earns over £50,000 but has no company scheme ? She does have lots of…
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take stakeholder pension as cash?
my wife has paid into her stakeholder pension over the last few years to the sum of about £13000 this will generate a rather small addition to our main pensions as the total is below £15000 will she be able to take the full amount in cash after April when the new regulations come into force she is over 55 and due to retire…
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What happens to the pension fund if I migrate from UK?
I'm currently 32 and have no pension set up. I am thinking of joining my company's Money Purchase Scheme. As I have come from India, I have plans to move back in about 4-5 yrs time. What will happen to my pension fund? Thanks RJ
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Using "pension" pot to pay off debts
I was advised to get some advice from the experts re: the above. Can anyone help? http://forums.moneysavingexpert.com/showthread.html?t=139971
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Equitable Life PPP - Stay or go?
I'm in my late thirties, and started my EL pension 10 years ago. I have not made contributions since the whole EL mess started; preferring instead to pay off my mortgage. My PPP is split 60/40 equities/with profits and is currently worth £22k. I have been following the 'contract in/contract out' threads with great interest…
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AVC limit calculation
From direct.gov website. 'You can currently only pay 15 per cent of your salary into your company pension each year (including AVCs).' I'm currently in the company money purchase scheme, making contrubutions of 3% with employer giving 5%, and also making additional AVC of 3% with employer giving 3%. Therefore, is my…
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SAHM stakeholder pension or savings?
Hi, I'm 28 and currently at home looking after our children full time, I have no employment pensions at all, my partner is looking to set up one with his work and i've been thinking what I should do too. Is it better to start a stakeholder pension (scottish widows?) for myself, i'd only be able to put a small amount in £20…
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can i cancel my pension?
hi everybody! just a quick question i currently have a stakeholder pension with virgin worth about £2000, could i in anyway 'cancel' this to use the money to pay off some debts? best regards Luke ;)
