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AVC - Deal or No Deal ?
Following 'A-day' my Company has revised the options available for buying AVCs. It looks like a good deal to me, but there has been some negative comment on AVCs on these boards so I would welcome people's opinions. I am age 42, in a final salary scheme with a retirement age of 63. Gross salary £50k, I also have taxable…
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Standard Life
I received a letter confirming 268 shares. it said i could hold, sell or buy more at a discounted price. what does the board recommend?
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N.I One offer some advice??
Trying to sort out my funds generally, I remember getting a letter 3 or 4 years ago, suggesting I should top up my NI contributions, but at that time I couldn't afford to do it. However now I have some spare cash (kind of!) and was wondering, should I try to square up with the mighty tax bods, find out my tax history and…
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Lump sum from pension
Can anyone help me regarding taking my lump sum fom my final salary pension under the new rules? I am entitled to take 25% of my pension pot as a lump sum. My pot is the amount of my final salary pension x 20 which in my case is £15000 x 20 =£300000 which means I can take £75000 as lump sum. I also have a company AVC type…
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MVA's
I have checked up on my options with my StdL wp pension policy (due to flotation etc) and had a real scare when I was infomed of the amount I would have to pay to exit or move my pension. I found this cutting whilst surfing: Gill said: ‘Where MVRs are most likely to apply is where the bulk of investment took place when…
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Reirement planning etc - complete novice!
As you may be able to tell from my username, i usually hang around the Debt free wannabe board! But as I feel I am pretty much sorted with my debts now (I am not being charged interest on anything so am putting all extra cash - around £250-£300 per month into an ISA to earn interest until I have enough to pay off debts…
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To AVC or not to AVC ?
I am fortunate enough to be in a final salary scheme and am due to retire in nine years time. I am a higher rate tax payer and have been paying AVC's direct from my pay for the past ten years or so. The AVC fund is with Standard Life who give a discounted management fee rate to my AVC scheme. My current contribution is…
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annuities for care home fees
mum suffers from dementia at present she is with a lot of help still living alone in her own home it want be long before she will need to go into fulltime residential care.As mum owns her property she will be self funding social services will contribute for the first 12 weeks After this she will recive attendance allowance…
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Financial Advisor
Could you please recommend a good independent financial advisor. I'm 56, and may take early retirement but need advice on which pension package to take. Many thanks.
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403b or Roth IRA
I have a 403b at my work. I contribute very little and my employer doesn't match. I'm not too thrilled with the company, Citistreet, well, it's more the rep we have....Anyways! I was wondering if a Roth IRA would be a better choice for me. A little about us... I'm almost 30, DH is 30. We have 2 boys, almost 3, and 1. DH is…
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5 year retirement plan advice
I am a 58 year old civil engineer working in construction on a final salary pension at present but looking to enhance my pension should this change. I am looking to enhance my pension anyway. I would like to invest £400 per month with the option of an annual lump sum. What would be the best way to achieve this? I have…
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Guaranteed Minimum Pension
Can anyone advise please? The way I understand it is, my pension provider has to give me Guaranteed Minimum Pension. They tell me that to do this they have to make up a shortfall of around 40k. i.e. my private pension pot (formerly a company pension) has only achieved 60k and provider needs to make up to around 100k to…
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Keeping Track of Pensions
I am currently thinking about changing jobs and have been for a few interviews etc. When discussing benefits it made me think about having to change pensions again. How do people keep track of their different pensions? How will the pension schemes know how to pay out when you retire? Do you have to keep them informed of…
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Would this amount be Right
Hi I know pensions have had a good stuffing but i was with a Company for nine years andpaid approx £80 a month for nine years however after about six years the company was taken over and the monies /pension transfered ,after being in the pension a further three years to make the nine i have left the company and requested…
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Deferred Pension Scheme in deficit
Hubby's got a deferred pension with a pension scheme that's in deficit and quoting transfer values @ 60.8% of the cash equivalent value. To try and reduce their deficit/liability they're offering a top-up to 100% for a limited time. He's currently paying into a stakeholder pension (with same employer as he left and came…
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Property with Pension
Please stay with me a I am a complete novice when it come to pensions. If I have the opportunity to purchase a property overseas for £140,000 and have to pay only 50% now and the other 50% on completion in 2 years time, if I wish to purchase can I do this via my pension fund? My in laws purchased a property 2 months ago…
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IFA - do we need one?
My husband is about to take early retirement, we are considering taking lump sum plus pension (final salary scheme). We have two choices, one to take lump sum plus pension, the other is to take lump sum with a larger pension now ie £1757 pa more now but would reduce by £4381 when he is 65, he is 58 now. The lump sum would…
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Retirement planning, pensions and buying property
Hi all, I've been searching the internet and the threads here and haven't found much on the subject of graduate finances. Tons on student finances, but very little on how the recently graduated cope. Anyway that's not wholly relevant to my question. I've just got my first 'proper' job at the age of 27 and am looking to…
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18 Years Old, Looking To Start Pension Now
How much should I look to be paying in each month? Ideally I'd like to retire around 50-55 years old with at least a personal pension of £10K a year. Which kind of pension would be best for this long term? Is a pension really a good tax break? (I read some newspaper articles but they didn't make much sense to me!)
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NHS Pesion problems - need advice...
Hi All, I have a quick question here and probably a simple one for most to answer but unfortunately I have no knowledge what so ever about pensions. My wife was employed at a local Primary Care Trust on a 6 month temporary contract. Upon receiving her first pay slip she noticed that a payment had been made to a pension…