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Scottish Widows Advice
Ok, before I start. I'm going to ask about something I done when I was 17 because I didn't have a clue about pensions then and to be honest I still don't now and I'm 27. So please try and keep advice in simple terms so i can understand;) Oh and also this may be a very long post! Back in 1996 I had my first job working in a…
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will the government help itself to nearly all your savings?
it will if you go into a care home - it is my one greatest fear of getting older someone I know lost £2000 per month until she had less than £19000 left - if she hadnt died then they would have taken half the value of her house as well. - something needs to be done about this.
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more pensions headaches
GRRRRRRRRRRRRRRRRRRRRR sorry just had to get that out of my system. am currently trying to transfer in benefits from 3 different FS public sector schemes to my new FS scheme (Teachers Pension Scheme TPS) Previous schemes were as follows USS - got transfer value, proceeding fine. Civil Service - as above until today - see…
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Norwich Union Personal & Stakeholder charges
I am transfer a pension to the Norwich Union Can you let me know the Norwich Union charges for both there personal and stakeholder pension plans. As I am waying which is the best one the transfer the old pension from another provider to. Think the transfer value is about £3K.
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Left Civil service pension scheme - what option
DH recently left Civil Service pension scheme (premium) with only 15 months service. not voluntarily he was made redundant he has 2 options - take cash or transfer in funds to new final salary occupational scheme. transfer in value will only buy 100 days in the new scheme, and looking at the forecast for what this would…
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high rate tax = pension?
I have just been informed that high rate tax level is looming and accountant suggested putting some in pension fund, but as pensions are not performing that well is it a good idea?? I suppose better in mine than Mr Brown's but hard to get my head round as pension looks quite poor even though i have paid in for 16…
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Which Shp Have Proformed Best In The Last 12 Months
I have just recieved my statement from Wesleyan for my SHP, and it has gained nearly 23%. Has any other companies been as good?
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Are there any safe options to an annuity?
Recently divorced, I have received part of my ex's pension fund as a settlement. I'm not complaining about the amount but about what I have to do with it. I need some income as maintenance payments have now ceased and at 60 I'm only in a very low paid job. However, the small amount I would receive from an annuity seems…
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Shall I put redundancy into pension fund
Hi, I have just been made redundant. I am 47 with a dreadful pension because I worked abroad until 15 years ago and spent it all. I have worked part-time since my first child was born and am a lower rate tax payer. I have two young children 6 and 9. I have : Scottish Equitable - haven't put anything into it since 1994.…
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Final Salary Pension Scheme advice please
Hi. I work for a company that still has a final salary pension scheme that I am a member of. The company has just announced that they will be making changes to the way that they will be handling pensions from October 1st. The options I have are to: 1) Leave my pension as it is now; 2) Receive 15% of my salary in my…
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At 30 yrs, am I too late to start a pension?
Hi. Im 30 and to my embarrassment have done nothing to date to think about any retirement planning. Is it too late to go for a pension? Perhaps there is a different kind of savings plan I should go for? My husband has this thing about pensions, saying that they arent worth doing (he was scared off them by someone years…
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direct debit problem
Sorry, first post not sure where to put it. My pension company have transferred their direct debit collections to a management company. I used to pay on 1st of the month. The new company insists that the payment must be made on 29th of the month. This means that on the first month of this new system they intend to take two…
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Pension quandry
Hello all, I would be very grateful for your thoughts and any help you can offer with my query. I'm 55, separated. Until around a year ago I was working in a fairly well paid job in the public sector. I decided to leave to do the usual and spend more time with family and just enjoy myself, rather than work in a job with…
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Pension Help
I've often checked this site, but this is first time posting. I'm hoping that someone can give me some sound advice because I find the whole pension thing very difficult to understand. I have CS 'classic' pension, which I've held for only 5 years - although I'm 40 now. I have savings of 12,000. I'm a single parent with two…
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Julian Penniston-Hill's i-account
I am married and 50 and have a range of small pension investments which add up to 75% of my income needs in retirement. My wife has better pension arrangements. I am looking to invest up to £20,000 in another pension arrangement, sometime in the next 2 years when I expect to retire, to provide a little bit more over the…
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Where to put GMP element
I have a deferred pension with a previous employer, which pays out at 65, I have obtained a tranfer value, £39,000 made up of £21,000 + £18,000 GMP ?element. I wish to transfer this to my present employer, as their pension pays out at 50 but they will only accept the £21,000 bit, my old employer will only release the total…
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Aged 50. Take 25% & leave the rest?
Is this right? I have approx £4000 sitting in my personal pension pot. I do not pay into it any more. As I am 50, can I take 25% of it now as a tax free lump sum and leave the rest to fester/grow for the next few years? Thank you. :smiley:
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Pension Contributions for Higher Rate Tax payers
I was wondering if anyone can help me. I'm think of paying money into a Personal Pension. All the web sites I've seen tell me that for every 78p i put into a pension the revenue put in 22p, this being the rate for a basic tax payer 22%. The other 18% I'm meant to reclaim back from the revenue. Any way I've been looking at…
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Is it worth deferring state pension?
I shall be 60 next January and will qualify for a full state pension. I am lucky enough to have a reasonable occupational pension and my husband still works. So I could defer the pension, but am unsure whether what is on offer is worthwhile. Could I invest the money better elsewhere or should I just take the pension and…
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stake holder and work pension?
hi all approximately 3years ago not having a pension i took out a stakeholder pension with virgin. i pay 78 pounds a month. since that approx 2 years ago i got employment with royal mail and have been paying into their pension ever since. me 6 percent them 11 percent final salary.should i scrub the virgin 1 and transfare…
