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Company pension or premium bonds?
I have received an offer to join my company pension scheme it is a stakeholder pension with Standard Life, I am expected to pay 4% of my salary to which my company match also with 4%. I am aged 37 and if I pay till I retire at 65 a total of 28 years a sum which starts now at £75 a month payable by me, allowing for…
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Pensions gobbledeguk
:confused: It seems to have got even worse since A day :( For example, look at this Revenue "clarification" on income drawdown Q.The requirements for unsecured pension in Sch 28 are modified for existing income withdrawal cases by draft Transitional Orders published on 16 June 2005 and 21 July 2005. However, from these it…
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Pension payments - getting tax back?
If I make extra pension payments into an AVC do I get the tax and NI back, or just the tax? Also, how is this calculated? Do I pay in an amount and get the tax added to it afterwards OR pay a larger sum and get the tax back (which is worth more). Any help gratefully recieved. Regards X
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very small pensoin.
I am getting a very small pension payment each month from s/life-by small I mean £6-£7. As it's such a small amount is there any way I could get the money and not have the pension?? I am 58 and still working.;)
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independant financial advisor- pensions
My company want to switch our pension from a scottish widows which is underperforming to a norwich union which they say has lower fees blah blah blah. Despite the best efforts of our trustees I left feeling confused like I've sat through a sermon in swahili. I'd like to consult someone who will look at my situation, and…
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Companies renaging on employees' pension deals
Hi, This is my first post on this forum, although I have been lurking around these parts for some time now, and have found lots of good information, for which many thanks to everyone, including Martin for setting up this excellent site. I read some disturbing reports regarding company pensions in the Financial Times on…
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Stakeholder pension / Existing pension.
I have recently taken voluntary redundancy and i am currently looking around for a new job. I have a money purchase pension scheme with my old job that i am now being asked what i want to do with it ie either let it become paid up or to be transferred to a new scheme. I obviously don't know about the new scheme yet so was…
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Take the Annuity and Run...?
I’m rapidly approaching the big five-O - where did it go? My partner and I are moving abroad in January. We don’t own a property in the UK but we own a house and have a mortage in Portugal. We have been living in accommodation through my partners’ work for the last fourteen years. I have had a pension with the Pru since I…
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cashing in pension
Hi i have a pension with the prudential it has a transfer value of £15000 I am 35, is it possible to cash this pension in, i am looking to buy a house and this amount would be very helpfull. i am in a work pension scheme as well steve
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final salary pension 'clawback'
hi - I have a couple of deferred pensions (rbs and Lloyds) and at the ripe old age of 42 have finally got around to working out what they are worth (I had a rough idea) but one thing that has come up is that they could be 'integrated' pensions which apparently means that although they start at age 60, when I eventually…
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Transferring old pension help please
I have a personal pension with Friends Provident which I no longer contribute to (I think it's worth about £12K). I currently have a company pension scheme with Norwich Union and thought it would be a good idea to transfer the FP one and make it one big pension fund? NU have now written saying that they don't think I have…
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Small fund cashback
I read that pre "A" day if you had small pension funds worth less than £2,500 you could claim the cash back. I applied to my company in March for refund of 2 small funds (£850) and they have now come back to me and said this wasn't true. Does anyone know where I can find the info as I want to persevere with it. Many thanks
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Missing Pension
I have posed this question before, and still not had a satisfactory answer, so if anybody out there knows, HELP. I was employed by a major oil company in the North Sea from 1969 until 1975, during which time I paid into the company pension scheme. Now when I try to collect, I am told no record exists of my contributions,…
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Pension / AVC Advice
Hi I am currently a member of a company final salary pension scheme. I also make an AVC payment to the companies scheme and post A day am able to take this as tax free cash etc. Could someone advise if it is now permissable to start another (presume personal) pension plan outside of the company / avc environment. I have a…
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How much to make up the difference?
My employer is probably finishing our final salary scheme soon. I have 2.5 years until retirement at 65. We are all due to meet in the next month or so with the scheme’s financial advisors to discuss our individual situations. I have calculated that, if my employers replaced the scheme with nothing, I shall be…
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Help on AVC's please ?
Hi - I am new to the Chat Forum, have been a regular viewer of the website for a while now - getting well and truly addicted ! Thanks for everyones good advice. My Hubby has been a member of his employers pension scheme for 20 years now and for at least 15 of those years he has also paid AVC's which are now £154 per month…
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How can I assess whether to transfer out of a final salary scheme?
I am considering early retirement (at 55, presently 52) and the figures I'm getting make me wonder whether I may be better off planning to transfer out of the company scheme at 55. But I can't work out how to get the figures on an "apples to apples" basis for comparison. My pensionable salary has been frozen, so I can…
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Claiming Pension back
Hi Sketchy details but asking for a friend who is without internet access, they paid a pension for eighteen months whilst working as a chef in Switzerland, they are aged thirty now, can they claim back this pension now or will they have to wait until retirement. Thankyou
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protected rights pension
Hello. I dont suppose there is any way to solve my problem, BUT! My husband died suddenly a few week ago. He left no life insurance. However there is a protected life pension of nearly £40.000. I have been told that because it is Protected, I cannot have a lump sum, but a pension only. Is there any way around this as I…
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Expert Pension Help Needed !
I have about 18k (current value) in a company (group pension) money purchase scheme. I have parted company (a very very contentious matter) with the former employer and have no wish to communicate with them whatsoever. I want to fully release this 18k capital and release it for private investment to be run by myself in…
