-
Pension with Commercial Property
Help and advise please. my brother's pension scheme changed from final salary so he decided to move it and take the large compensation claim. at the same time my company was looking to relocate, and owning our own property seemed the ideal solution. so.... we managed to locate a premises and agreed a price of £ 220K my…
-
Help I'm New to Pensions
Hi, Hope someone can help. I have just started to work full time and have decided it is time to begin paying money into a private pension, as the company has no scheme. My problem is I don't know what to look for in a pension, can anyone point me in the direction of what to look for etc, etc Thanks for your help in advance…
-
Transferring Final Salary into another Final Salary - or not?
Firstly, hello all. I have recently joined a new company [2 months] and was with my previous employer for 5 years, building up a good final salary pension with them. I now have the option of transferring this into my new company's final salary pension, but am unsure, with all the talk/hysteria about pensions these days - I…
-
pension advice please
Hi, I have just retired from the NHS on 31/12/05 at age 58 ( I'm a midwife - one of the so-called 'special classes' - 'allowed' to retire at55 +). I have a final salary pension of aroun £11.5 k ( I know - sorry guys!! :rolleyes: ). Not complaining about that (although I HAVE paid 25 years contributions). My question though…
-
Long term plan advice needed please…
I am a divorced woman in her late 50’s with health issues. I am about to be medically retired and I am fortunate enough to have a good pension scheme. I will receive approximately £13000 pa and a lump sum of approx £42000 but need to make very careful long term plans as my mortgage will run until I am in my mid 70’s (as it…
-
Pension Help please...
Hi I am really dumb when it comes to pension - i have just received my annual statement from Friends Provident and it tells me i have a "Managed (series 7)" New Generation Personal Pension Plan over the year my employer has put in £1035 - I have not added to it at all There is a 1% annual management charge (calculated…
-
Pension or ISA..?
HI all Just a quick one and apologies if its been covered before. If I am in a position where I can realistically only afford ,say,£50 per month to invest is it worth putting this toward a pension or would it be better placed going toward an ISA long term..? Thanks Terry.
-
Lump sum needed on pension
I have an occupational policy with Norwich Union I am 57 years old and have about 3 years until my normal retirement date. I run my own business and so could effectively reitire and come back. I have called NU and have been told I have Protected rights worth £15,090 which I apparently can't claim until i'm 60 &…
-
Home Responsibilities Protection (HRP)
HRP started Tax Year 78/79 and you can have maximum of 21 years. My first son was born in Northern Ireland in Jan 78 while I accompanied my husband on Army service. I returned to England in Aug 78. My English record therefore shows me starting HRP in 79/80 thus losing the chance to pay one additional year's Class 3 back…
-
How Safe are Final Salary Pensions?
I work for a company that has a good final salary pension scheme. However, from April 2006, I will have to pay double contributions if I wish to remain in the scheme. This will increase my net monthly contributions from around £125 per month to £250 per month. The alternative is to switch to a cash balance scheme that…
-
Charges - is this one a no-brainer?
Hi Folks, I currently have a Standard Life stakeholder set up from work, but I know how important charges are, so I went to the FSA's comparison tables and look at the results: Elements of the result page: "You have chosen to compare personal and stakeholder pensions for a 30 year old, planning to retire at age 65, based…
-
Personal Pension Term Assurance? What is it?
:confused: Help required! My OH pays £20 to consolidated financial services ltd and he cannot remember what it is. Think he was sold it when he opened a personal pension in 1993 though Lloyds. He has some paperwork from Lloyds stating it is a pension term assurance. I've not heard of this, we have term assurance to cover…
-
Ask the audience
Here we go: I am 26 and have approx 47k of equity and 78k of mortgage on a house I have no pension I have no debt (except for a bit of sale shopping!) House / Car / Bills etc work out at 1150 a month, and I take home 1240. I am therefore very reliant on the 335 a month paid by my lodger for food & fun money I want a…
-
Pension and hospital stay
My father has asked me to post this question for him and i promised him i would, so here goes At the mo he is in hospital and has been for 6 weeks and will be in for quite a while longer due to a stroke. One of the nurses came up to him today and asked for information from him so they could inform benefits/pension he is a…
-
Transferring pension bond to SIPP - can I ?
Being honest, until 2 weeks ago, never heard od SIPP's. My question is long winded, but would appreciate any advice. I worked for the NHS for 8 years, I got a post then at a BUPA hospital. Never thinking the NHS would have me back, i then transferred mu NHS pension to a Canada Life 'Pension transfer Bond'. This did…
-
How Much Can I Put In Post A-Day?
As far as I understand, after A-day I can put in a maximum of either £3600, or my full salary, whichever is greter pre-tax, per year. Question is, can I put in more than these limits into a pension, without getting the tax advantages on the amount over and above these limits, or are these absolute limits on what I can put…
-
Occupational Pension simply put
I have an NHS occupational pension , can someone please explain in simple terms what will happen if I get (not what I want but looks more likely that is what I have to do) Physically Unfit Retirement... I understood that I would only receive the same amount as if I had worked to normal retirement age of 60 in my case, but…
-
Teacher's Pension - AVC's
I'm on a Teacher's Pension and was persuaded to take out Additional Voluntary Contributions. When asking the rep. from Prudential (in Doncaster) whether I could pay extra years into the Teachers' Pension I was told "no, I couldn't". Therefore I took out AVC's. However, I've since found out I could. I complained to…
-
What to do about my pension?
Hello, I'm new here and hoping for some help and advice about my pension. I have been with the civil service for two years and took out a partnership pension with Standard Life - partly because I wasn't sure how long I would stay with the service and partly because I have three other pensions, all sitting in accounts…
-
AVCs
My wife and I are both teachers, and so have teachers' pensions to look forward to ;-) She is convinced that we should be paying for additional voluntary contributions - how does this rate against just saving the cash?
