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State Pension Question
Does anyone know if you can still work if you are in reciept of the state pension? My mum turned 60 in Aug, and has the possibilty of some (very) casual work. Looking at about 2 - 6 hours a month - even that is not guaranteed. Is there a limit she can earn without it affecting her pension? Any advice would be very much…
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Making a will?
This is my first post so please forgive me if i have put it in the wrong section or something Anyway my question is MAKING A WILL. In the past we used a company that draws a will up for you and stores it. This was many years ago and the company we used has slipped in to oblivion may be 6 years ago and have not heard from…
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Am I being unreasonable?
I asked our company’s pension financial administrators to tell me the charges on my AVC, since they are never listed in our yearly statements. This was back in early July and I’ve heard nothing since. I would have thought two months was more than enough time for them to work this out – or am I being unreasonable? Also, I’m…
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Equity release to buy another House closer to Family
Hi there, I'm writing on behalf of me Nan :) BackgroundHas an estate worth approx 500k (nearly all property) 1/2 kept in Trust to avoid Inheritance tax. Basically she would like to use the properties as income from buy to let still but buy a house near us QuestionHow can you get a mortage when your 80+ ? Or is there a way…
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Teacher's Pensions
Hi everyone I will be leaving the country very soon to emigrate and I shall not be returning to Britain. I would like to cash-in my teacher's pension to start me off in my new life but they tell me that I cannot do this until I retire. I retire in about 30 years. Does anyone know of any way that I can cash in my…
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Redundancy terms
I will be made redundant shortly. The redundancy terms are: 4 weeks' salary per year of service PLUS an extra 2 weeks' salary for each year of service over age 40. Pro rata for part years. First £30,000 is tax free. I think this is generous and can't wait for the dosh! How does this compare with other packages people have…
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Redundancy
I am not sure if this the right place for asking this question but here goes: I could not find relevant answers to my query. My employers are making redundancies and I don't have much time to decide. The issues I'm faced with are as follows: * Employers made announcement for redundancies last week due to loss of business.…
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Pension from past job
In my last job, with marks and spencers, i recieved a (very small) pension. now i have left and moved to a job with the council and put into their pension scheme. i dont think i can add my old pension into the council scheme as it is a private one. does anyone know if i can cash it in as its only small, im only young and…
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AVC's and Income tax
My Husband is 55 yrs old and would like to retire in 2 years time. We are about to pay off our mortgage with a lump sum that I have recently received due to ill health retirement. We will consequently have £400 spare each month to put into savings. My husband pays 40% income tax, with a salary of £42,000. If he chooses to…
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IFA commission on pension
IFA commission on pension Could someone please clarify if this is normal. My wife does not work but we have started a private pension. She has paid in £2700 that I believe is the most she can invest per year. The IFA has taken 3% for commission. A further £761 has been added that I presume is the tax benefit. But it…
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5 For Life - This Should Be A Good One!
This new product is an offshore investment plan aimed at peolpe over 60 looking for income. It guarantees income of at least 5% of the initial investment for life Gives access to capital if required. If markets do well income can be increased Being offshore there is no internal taxation like on UK investment bonds The way…
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EPP transfer to SIPP
Around 1998 I started a company, and decided to start a pension. My newly aquired IFA at the infamous City Financial Partners, sold me a Lincoln EPP, which seemed like a good idea at the time. I stopped trading through this company a few years ago, so the fund is now 'paid up'. It's worth around £10k, with a transfer value…
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company pension
I am 44 and have 45k to move into my company pension which will buy me 10 years 11 months. Should i move it from Legal and general fund to company.:confused:
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Final Salary - Summary Funding Statement - Gulp - Looks perilous!!
Previous employer posted this to me. I'm nervous. At the 2003 Audit. Ongoing Funding basis ================= Scheme's liabilities £15.06 Million Scheme's assets £8.23 Million Shortfall £6.83 Million - Ouch!! If scheme was wound up today. at 2003 valuation.. Liabililities £25.96 Million. Assets £8.23 Million Shortfall…
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pension contributions?
hi, I am self-employed and have been putting lump sums into different pension funds each year with different companies all in with-profits funds which have not been doing wonderfully. I have £9000 to put in for this year and was going to use one of Martin's discount brokers until I read the threads. I have been distrustful…
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Savings v Pensions
I don't know very much about pensions, but know some people save instead of getting one. Me and bf have never had a pension, but I have a plan for when we have paid off the mortgage (35 year term, but overpaying at the moment to knock it down to 26 years, and hopefully will start knocking even more off soon). Once it's…
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Non-contributory pension
OK, here we go... For the last three and half years I have had my pension contributions paid (Final Salary scheme). Recently work announced we would be given the 'option' to carry on with this but via salary sacrifice (why do they call it this, it sounds so negative) or move to a fund manager scheme were I believe the risk…
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Wills crucial wording & inheritance tax
I believe there are only a few crucial wording, sentences that make a Will acceptable. Does any one know what wordings these are?? Inheritance Tax is another problem, how does one move from Owner Occupiers to Tennants in common?? Nil Tax rate band, what is the situation, I believe Trusts will be Taxable so where does one…
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Pensions
I am saving for a deposit for a new flat/house and do not wish to enter in a pension right now with my local government employer as I need all the dough I can get. Can I opt in after and in your opinion is this a bad decision?
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Pension v No Pension
I really need some good advice! I am almost 61 and began working as a teacher 22 months ago after raising my children. Currently I am paying just over £100 a month into the teachers' pension - I work fulltime in a state school. Because of my lone-parenting responsibilities, my previous employment has been negligible. The…
