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Very long term pension scheme
Being 18, in a full time job, in a few months I will have the oppurtunity to contribute to a pension scheme (I pay 3%, company pays a further 3%) the pension will be with Legal and General, what will be the best thing to do with this occupational scheme? What would be the best fund considering the long term investment it…
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Total Pension Newbie, and Skint
I'm 24, my husband is 32, and we have recently signed off and started self employed work. We are earning so little that we can get the full rate of tax credits. We are below the threshold for compulsory NI contributions, so have a choice about paying them. I assumed that the 8 or 10 quid a month each it would be for NI is…
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Sipps
Want to open a SIPPS pension and deal on line with current investments that are 'live', are there any fund managers that allow this? Can I use an online dealing site like Selftrade?
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Taking pension early
I have just enquired about a pension with a former employer and have received a quote what I will get if I take pension early. It has two options and can either take lump sum and reduced pension or a full pension. I could leave it until I am 60 which is in another 4 years and would presumably get more. However this is a…
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Which is the Best Pensions Provider?
Hi all, Ok , I may be asking a tough question here. My employer has asked me to start a pensions fund and they'll pay some money in to it. It is non contributory but I haven't a clue who are the reasonable ones out there. What sort of stuff I need to look in to? And are pension contributions are good currently?, have heard…
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final salary --state pension
I receive a final salary pension from my employer of apprx £15000,when I reach the age of state pension how will my final salary pension be affected,regarding deductions etc
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What can I do with my other pension
10 years ago I started a personal pension with HSBC bank. I paid into it for about 4 years until I joined the Fire Service. I was advised not to sell my HSBC pension into the Fire Service one as it would amount to nothing and also as I can complete full service then I shall be eligible for a full pension from them. The…
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How to work out pension relief vs tax pay?
Hi A recent payrise has taken me into the higher rate tax band. I was trying to work out if it would be best to make AVC's that would take me down to the lower tax band. I like to understand the figures, so was trying to work out a) The tax I would pay on that money at 22% and 40% b) The relief that I would receive if I…
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Finding a pensions TRANSFER specialist (CF24)
How do I find one? Even to deal with via email or post so does not have to be local. The FSA website does not stipulate if the people listed have CF24 qualification - neither does unbiased.co.uk - merely that they give pensions advice.
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serps top up
having opted out of serps and now opted back in , is there any mileage in topping up the serps shortfall to increase my pension later. or does it not work like that.
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Pensions for kids
Hi, General question really regarding taking out a pension for a child of only 1 year old. I was wondering what the pension experts on this board thought of taking out a pension on behalf of a child was? I was considering starting a pension for my son in the thinking that by the time he his, say, 18 he will have nice…
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What's a reasonable time to wait for a reply?
We've had to write to the Trustees of the pension scheme that a deceased relative belonged to and as yet have not received a reply. What is a reasonable time for a reply to be forthcoming? We don't necessarily want to phone them up as the matter is abit delicate and therefore prefer all communication to be in writing.
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Trying to sort out my pensions - quick question
Hi Guys I don't post very often, and never on the Pensions board! but the time has come for me to grasp the nettle and try and get my head round the pensions issue. I have been following Shiredon's posting with interest as my OH and I are planning on going to Europe, but with much less money I'm afraid. As you will see…
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tax free cash
Ed, you were indeed correct, on my executive pension fund of 150k under the old rules i am elegable to take 90k tfc, having contacted them, if i transfer to a sipp for drawdown the tax free element resorts to 25%, so not worth moving i fear, when my pension matures at sra and i wish to transfer to sipp for drawdown will i…
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Salary Sacrifice
just thinking, as a 40%tax payer should i plow more into my fund as i guess i'll only pay tax at the lower rate when i retire, i was always reluctant in the past because of anuity rates, but drawdown seems more attractive.
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Personal pension - Help required!
Hi, My wife bought into a Hill Samuel personal pension plan No. 1 scheme in 1989 through the company she was employed with and contributed until 1999. She left the company in 1999 and payments ceased. We emigrated to New Zealand and have since found some original documents on this pension. I would be very grateful if…
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Stakeholder Question.
Right, I'm a full time Mummy and I don't work. I'd like to start a stakeholder pension as I have no provision for retirement (although my husband does) but don't have a clue where to start. Any ideas?
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Financial advice is for rich people.
A provocative statement? Perhaps. I just called up to find out about getting some pension advice from an IFA, there's only one listed on unbiased.co.uk within reachable distance of me that has someone with pension qualifications. I called them up, and am going in for an initial consultation in a couple of weeks. This will…
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pension advice needed please !
Hi all, i joined my company pension about 8 years ago. when i first joined i paid into it about £50 per month... over the years, as my pay has increased, i now pay £137 per month. the pension is a ' final salary pension' ( whatever that means!???!!??). On my documentation it also says its a defined benefit scheme (…
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Is it worthwhile to pay additional Class 3 National Insurance Contributions?
I am a married woman aged 53 and have 17 qualifying years towards a state pension of my own. However, I have not worked since 2001 and, due to caring responsibilities, do not intend to do so again. My husband David is 56 and expects to receive a full state pension at age 65. Assuming that we both reach pensionable age can…
