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an annuity from tax-free cash??
A question. Can an annuity be purchased from the 25% tax-free cash drawn when a pension is vested?
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Funds Network SIPP?
Hi there. I have been thinking of opening a SIPP for a while and wondered if anyone had any views on the Funds Network SIPP which seems to be operated by Standard Life? Charges are £100 initial and £250 per year administration, which seems fairly reasonable. Are there other considerations I should have? I quite like the…
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Any Brit expats?
Couple of NI questions, for those paying: 1. Do you pay Voluntary Class 3 contributions or Voluntary Class 2? 2. What's the difference? 3. How much are both? Alex
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Invest my pension into a Pension Fund?
I am 61 and intend working (self employed) for at least another 5 years. I have been paying into 4 personal pension schemes, all of which matured at my age 60. Can I finish three of these schemes, purchase annuities, then pay the resulting income, plus the current payments assigned to these three, into the fourth scheme,…
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Overpay mortgage or buy more pension years?
Expecting payrise - should I overpay mortgage or buy extra pension? I did post this question on the mortgage-free-wannabee forum, but was advised to put it here too... The mortgage is huge (130k) and on a 9 year fix at 5.01%. I'm already overpaying by £50 per month, but the pay rise, plus the money released by no longer…
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Question on NICO funds into pension
Hi I posted a while back regarding my wife having a private pension but the company she works for now offering a comapny pension. We've decided to freeze the payments into the private pensios (she has to pay a minimum 3% into the works one + the company pay 5%). When we do this I assume we can get the NICO payment made…
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Employers may be allowed to renege on pension promises
An article in the Sunday Telegraph has an worrying ring to it. http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2006/09/24/cnpens24.xml I did not like the bit "ministers are now said to have undergone a change of heart and to be considering the repeal of section 67 of the 1995 Pensions Act, which safeguards…
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Pension or Savings??
Hi I have a very small private pension with CIS of only £85 a quarter which I have been paying into for approx 7 years. The question is should I cash this in and set up a standing order to a savings account? Keep it going and but not increase it and just put savings into a savings account? Or increase it and just save with…
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Pension - where to move it.
Have nearly £100,000 in a Friends Provident pension scheme. Every time it gets really close the passing the £100K shares drop and the pension fund with it. I'm 56 and out of work with what seems like little prospect of returning to work but don't really want to start drawing on the pension until as late as possible. With…
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No pensions and retirement not-planning
I've edited out most of this. sorry! Margaret
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Help on stakeholder rules
Hi, I currently have a stakeholder pension with Scottish Widows which I put £100 a month into. My employer wants to be able to contribute to a pension scheme for me and for arguments sake lets say this amount is £200. Will I be able to direct my employer to deposit this money directly into my stakeholder? If so, will I…
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Pension springclean
My wife and I have a number of pension pots.& in all I believe,some of them dating back to the early 70`s.These are made up of a mixture of 2 old company pensions,3 personal``paid up`` pensions and 2 current personal pensions that have been running many years.Although we don`t intend to increase the premiums{as we are now…
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Confused and fearful of pensions!!
HI I have read - and re read many of the posts on here with regards to advice on pensions!!.....my head is spinning now! I would be grateful if you could help me out on a few things!! I have read that for basic rate tax payers the ISA route may be the way to go for retirement/pension planning. What are your opinions? I am…
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NHS query
I worked for the local hospital for 6 months until they noticed that they were 10 million in the red and said goodbye.I paid into the pension.As it was for such a short time,is it possible to get the contributions back? The pension from that would be very small,and my heart failure makes it pretty unlikely that I`ll be…
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Protected Rights - SIPPS
I saw this article in the FT today about protected rights being allowed into SIPP's. http://www.ft.com/cms/s/06929542-4a27-11db-8738-0000779e2340.html I seem to remember that this was originally expected in April 2006 but the Government left this step out of the A-Day reforms. Unfortunately the article doesn't refer to…
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Equity Release
My parents have both retired, though they still do a few hours a week. They are considering realeasing some of the equity in their property to make things a little easier financially. The mortgage is paid for they are both 66 and the property is worth around £155k. They are considering taking about 40K out. What are the…
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Pearl Pensions Triviality Rules
I have 3 small pensions with Pearl. and all are 09 policys Tranfer values are £5641.00 + 4310.00 + 4490.99. I am trying to withdraw these through ill health. My GP has filled in all the forms that Pearl sent stating that i would not be able to return to work again I was told by Pearl that if the 3 together were below 15 k…
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Advice on extra payments
Hi everyone, I have 2 pensions. My main pension is superannuation through NHS. I can achieve a max of 32years with this. The most they allow is 40years, it is very expensive to pay extra and purchase the extra 8 years. The 2nd pension is a personal one from AXA which SERPS used to go into. Can someone give me basic advice…
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help, my pension figures just don't add us
edit - OP removed first post. Response deleted.
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Which Stakeholder Provider?
HI - I want to stat a stakeholder (or Personal Pension - if the deal is better) and clearly the key question is which fund to pick as an investment vehicle. So how do I decide which fund will give me the best return in the future?! Clearly magic balls aren't widely available so it seems to me that you look at past…
