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What Pension Fund??
Okay.. i work for Legal and General so took advantage of them setting up a stakeholder for me in August 2002 I was contribution 11% (with there help) but now I'm working full time so the sum has gone up and will be upping it in July to me adding 4% and then the max 5% in July 07. Anyways.. I've just reading the part of…
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40% on your entire contribution?
I've heard several mentions of the fact that higher rate tax payers get 40% tax relief on their contributions, but is this on the entire pension contribution? After all, the 40% tax is only payable on the amount of salary that exceeds the band.
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State pension
Can anyone tell me if a sixty year old who is still working should draw on their state pension (£88/week) or wait until retiring in two years? Is their any benefit to either? What other information do you need to make this decision? etc. Many thanks .....
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Buying Added Years - Civil Service Pension Scheme
Mrs Elephant Guy is a member of the Civil Service Pension Scheme. She has remained within the 'Classic' option of the scheme following the changes introduced a few years ago. She has 18 reckonable years service, 9 years Full Time and the last 9 years being part time, working 25 hours a week. If she continues working she…
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Stakeholder Pension or AVC?
I'm 27 and have just started at a new company. Their standard pension which i have opted in for is a standard Direct Contributions scheme. I also have the option of starting a stakeholder pension or bump up my existing pension by making AVC's? Question is, which option (if i have £50 a month available to use) would give me…
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Repensioning from with profits funds
The IFA who set up my Norwich Union (unitised fund, mainly in with-profits and with-profits guaranteed funds - virtually no difference between fund value and transfer value) and Scottish Equitable (wp endowment and high equity wp fund - transfer value £5,000 less than fund value!) offers no ongoing advice. I was going to…
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Pension and care home fees
My uncle took early retirement and redundancy from the coal industry when he was 55, he is now 67. Unfortunately his health has rapidly deteriorated over the last 2 years due to Alzheimers. My aunty is struggling to cope, doctors have advised her to put my uncle into full time care, he is becoming violent. She has taken…
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Scottish Widows Reduction On Transfer
In Mar 1989, I started a private pension with Scottish Widows and contributed to it until Jul 1993. I then joined a company pension scheme which I remain in at present. I have now decided to simplify my pensions under the one roof. My statements over the years have continued to arrive from Scottish Widows, the last showing…
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Pension vs ISA
There was an interesting thread somewhere on the forum recently which, despite my best efforts, so I decided to post this and get a (probably similar) range of responses. So I apologise in advance. The point is, in my 20's, I am thinking about retirement (not anytime soon you get my drift?) So the question is this: Pension…
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Best Cash SIPP
Does anyone have any information on the best interest rate payable for cash held in a SIPP? The best I can find is Hargreaves Lansdown offering 4.25%.
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Tax relief after 'A' day
This may not be the best place to ask this but: If you can contribute up to 100 per cent of 'income' [defintion: only earned income, I assume?] for a given year into your pension then, necessarily, that involves contributions against personal allowances [and lower tax rates] from that year also. Therefore, to receive tax…
