-
Pension Help
hi, can anyone help me? i have had a pension sat still for approx. 15 years and need to start it up again. what is the best route to find out how much i need to be paying into it etc. i am 40 next year and my husband is 43 and both in the same boat. i have just given the company who we have the pensions with for some…
-
frozen pension help
hi all ten years ago i took out a company pension,after two years company got took over, new company had their own pension scheme so first pension now sits in an account somwhere doing very little.question is can get this transfered to another pension scheme or into my bank account to reduce my overdraft.regards
-
www.pensionless.co.uk
Interesting site... http://www.pensionless.co.uk/index.html
-
just retired pension query
Hello All, I've recently retired from local government aged 60.My pension provider has informed me that I am entitled to an annual pension of 5311k plus a tax free lump sum of 17328k.They have also informed me that I can increase my tax free lump sum by 11623k making a total of 28951k,however if I do this my annual pension…
-
Drawing Annuity - how long to wait?
Hi Can anyone give me a rough guess as to how long it takes until an annuity starts. I have a pension plan and my IFA has shopped around for the best annuity deal. He recommended one to me and, five weeks ago I completed all the forms. This week I received an Inland Revenue form from the original pension company to…
-
Hypothetical Question
If someone at retirement age had a substancial amount of savings what would be the advantage,if any,in converting the money into an annuity.As the money saved is tax paid would any monthly payment of the annuity be taxed?Am I right in thinking that any annuity would be about the same as if it were a pension pot?
-
assurance vie
does anyone know if a portfolio of uk funds/shares can be held in an assurance vie.
-
NI Voluntary Contributions
Hi all, I need some help planning for my old age! I'm currently 28 and do not have a pension. I am saving regularly into an ISA though so I'm doing something. Hopefully by the end of the year I will have a job that comes with a company pension and I plan to begin my personal pension with them then. I am currently working…
-
mortgage help
please info wanted I am going to reach 60 next year I have a mortgage with my husband who will be 58 I have not worked for a number of years due to ill health and I don.t know if I will receive a pension I have been on incapacity benefit that will stop I think will I be able to get help with my part of the mortgage or will…
-
Recent Changes To Pension Law
Looked for this info, but can't find a difinitive answer. So does someone know about this. I understand that a small pension fund, in this case between £7K-£8K can be taken as a lump sum provided other pensionable income does not exceed £15K per annum. This is in respect of a small 'paid-up' policy that has been sitting…
-
Can we cash in pension fund with Prudential?
My wife took out a with profits pension with prudential a number of years ago, leaving the NHS pension scheme to do so. She hasnt paid anything into this for at least six years as she rejoined the NHS scheme. Is there any way of releasing the cash tied up with the prudential. She is only 35 and not retiring!!
-
army pension/nhs pension
hi all, hope some one can help? ok basically i served 16 years in the forces, which entitled me to a 'half' pension. this i believe is frozen (where i have no idea). now i have just sarted working for the nhs and pay into there superannuation pension plan. two questions really 1. can i transfer my army pension to my nhs?is…
-
what would you like pensions to be?
hi, i'm john pollock. i want to be able to call 10 downing street my home one day. so i can change whats wrong with this country. but to do that i need to find out what people want. which brings me here. pensions. i will start of by saying, "i am a ""drugs user"". If you want to call me that, go ahead. but i would've…
-
epp drawdown
As suggested by edinvestor i asked the question of zurich if they would allow me to take max TFC and transfer remainder into sipp, they agreed, so on my fund of 150k i can take TFC at 90k investing the rest for drawdown, it took a lot of ringing but it was worth it.
-
pension transfers
1. I have an occupational pension both I & my employer pay into. (3.9 & 5.1 % pro rata) 2. I have a personal pension with AXA that has had nothing added to for about 7 years. (had about 8 years worth of payments into it) 3. I was contracted out of serps in 1988 & therefore have this with a personal pension company. I am…
-
IFA costs - is this right?
Question about commission/fees paid to my IFA on starting a new pension - does this sound right? In addition to my dull work pension I decided to pay £250 a month into a more flexible and better performing pension. I liked Winterthur but my IFA suggested Norwich Union. But when I challenged him on the performance of…
-
To delay pension or not,that is the question
My wife has just received a letter from the pension service asking her if she wanted to receive her pension at 60 or delay taking the pension. As she intends to work on in any case the decision she has to make is , is it worthwhile taking her pension or not. She works part time and must be on the tax borderline as she pays…
-
Pensions confusion
I have recently started a new job and am buying my first house. I'm still getting my head around mortgages, life insurance, etc. But I am completely clueless about pensions and can't get my head around all the terminology. It's all too much financial stuff to get to grips with too quickly, and I'm not great with this kind…
-
Personal Pension Transfer Penalties
I am wondering if anyone has had any success in arguing down transfer penalties. I have recently reviewed my pension provisions and have moved some of my less productive products to a new provider. Most of these have been done with no or minimal transfer fees, but Axa have seen fit to take a lump equating to 10.5% of my…
-
Pensions - Arrrghhh!!!
Pensions at the moment remind me of endowment mortgages of the 80s and just as pitiful. I can only liken sorting pensions out to dealing with toothache, you put it off and put it off, because it is so unpleasant. I know very little about pensions, except they relate to company performance and interest rates. If anyone…
