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I have 4 pensions and need help!!
Hi All, Currently I have four pensions and I have just changed employer and have joined the company pension scheme. I am 25 now and quite happy in my new job and can see myself staying for the considerable future. Currently I have the below pensions: 3 Years Final Salary Police Pension (Deferred) 8 Months Legal + General…
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Move from EPP to SIPP
I am told that I currently have an Executive Pension Plan (not very much in it yet!!!) and I would like to use this towards the deposit to buy a property for my pension. Again I am told that to do this I would need to change the EPP into a SIPP. Does anyone have any idea :- a) Is this correct? b) Can I do this my self? c)…
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Quick question...
About 3 years ago I worked for a company and had a pension through Scottish Equitable through them. I had a letter the other day from them and to be honest had entirely forgotten about it! I have £450 in there (of which I would have paid in around £300). I haven't worked for the company for a few years and until my debt's…
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civil service pension
Im currently paying in to a civil service pension in work @£49.85 a month (says my employer is paying in £192.82 a month aswell) , im new to all this money saving stuff:p and totally confused about pensions. Im 24 and being paying in for the past 4 years, i ve heard all these stories about pensions not being worth anything…
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I know nothing about Pensions and im needing advice!
Hello all, im looking for some advice. When I left School many moons ago and got my first job on terrible wages I started a Pension. Years later I moved to a bigger company with a far better Pension. Just sorting out my paperwork tonight and I found the latest documentation on my 1st Pension - and im wondering if there is…
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Final salary council scheme, new job..stick or?
Guys, my sister has been working for Horsham district council for 14 years, now moved to the same job, same pay in Crawley, isnt the scheme the same(?), or does she have to start afresh, and or should she transfer the lump sum into her new jobs scheme even though its the same terms etc, your thoughts are appreciated Indeed…
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What %age do employers have to pay
My partner has just been offered a position with a company where they say 'in simple terms' they will pay an amount equal to 3% of his annual salary. We are not sure if they have their own company scheme or if there are recommended schemes or if he can choose to have it paid into a personal one. What we have been searching…
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Increase B2L mortgage and put funds into pension?
All Am I thinking straight or have I missed something? Situation 108K mortgage on a Buy2Let worth 175K 725 monthly rental I am nearly 47 so if I free up say 30K and put into pension. Tax relief is 40% as a higher rate taxpayer. I could put 36.6K into pension fund (plus 18%) grow over 3 years, say 5% compound. Take 25% tax…
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Transfer of pension confusion
Hi, my first post here so hope you can help.. The company I work for have just been taken over and we have 4yr TUPE. The new comp" have offered to start a new pension scheme for us and want me to transfer, this is where i am confused. Presently I have a final salary pension and they will provide similar with accrued…
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Moving Pension
Hey Everyone, I've applied to transfer my stakeholder pension from Virgin Money to Scottish Widows but it's frying my head in. It's so slow! Also whenever I ring up people dont have a clue. I'm contracted out of the S2P with Virgin. I asked if it would be transfered with my Stakeholder to Scottish Widows and by the time…
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Repensioning
Has anyone managed to do as Martin suggests in his book about repensioning? If anyone has done this and could they pass on any tips please?
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final salary Vs annuity scheme
Hello, Need some opinions and advice on the following. I recently started work with a company who have a pension scheme which buys an annuity at pension age to provide the pension, one particular relevant part is that the older you are the larger the employers percentage of contribution i.e. at 60 plus, employer…
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Questions for final salary schemes
It has been my habit every few years to write to the administrators of final salary schemes to which I have contributed in the past. I have asked them for: 1. A projection of the pension payable at retirement age 2. A current transfer value 3. What (if any) charges am I paying or will I pay (as former employers do not…
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Pension Reform. Class 3 NIC
My brother (age 55) has been paying voluntary NIC contributions for about 6 or 7 years. Prior to that he had been in full time employment since the age of 17 (ie for 31 years) so he has about 38 years of contributions. He has recently received a letter from the DWP saying that as he has paid 30 years of NI contributions,…
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ISA or pension with salary sacrifice
ISAs are nice and flexible. But they don't have a way to get the national insurance back. Pensions, via salary sacrifice, do. How much influence would the availability of salary sacrifice have on your choice and balance between ISA and pension as a wrapper?
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Pensions basics
Ok, a complete novice when it comes to pensions her i'm afraid. I'm 25 and have been working for the past 18months ish, since a stint of unemployment after finishing uni. I know i need to start paying into a pension shceme of some sort, my employer's about as useful as a chocolate fireguard, so I would like some very basic…
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moving a stakeholder pension
ive got £5k pension with virgin money. virgin have 2 funds to invest in and im after a wider choice of funds so im looking into moving to legal and general who have 10+ funds to choose from and their charges seem lower when i rang legal and general today they said that in order to transfer my pension in they would have to…
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Will and my home
We're 60 with a 21 year old. The solicitor has totally confused us, we want to make sure our house is left to our child and not sold for home fees (God forbid). Our solicitor made so many suggestions we were totally bemused when we came out. Can anyone shed any light to help us make up our mind about what should be done -…
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Finding a pensions adviser
Hello all I posted a while back about my DHs pension situation, which has now got even more complex and I need professional help! I need to find a trustworthy adviser who can help us with our retirement planning. I have been putting it off because Im not sure what to look for (are there specific qualifications?). Can…
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FSAVC help needed
I've got an FSAVC (formerly colonial, now winterthur) with management charges of 4.25%. This seems high to me, so I'm wondering whether to transfer to a stakeholder scheme. Do these have cheaper charges, and if I go to an adviser, are there any specific qualifications I should ask them to have? I looked at the unbiased…
