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Serps confusion connundrum!
Way way back in 1989 I went to an independant financial advisor & was advised that "the new big thing" was to opt out of Serps. This was apparently (as far as I remember) because the government were "giving away" a couple of extra percent tax relief to encourage people to do this. I was told that until I was "about" 40 I…
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french investment
I have been pointed in the direction of the following company's site, if anyone has the time to take a look i would greatly appreciate their comments, thanks https://www.premierfrenchleaseback.com
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Transfer to Police Pension, is it worth it ?
Hi, I am with an ex-nationalised company and have a 36 yr term super an pension, I pay 7% and normal retirement age is 60 when I would retire on a 2/3 rd final salary pension with a lump sum. With transfered in service I have around 22 yrs service of my 36 max, I am however considering joining the Police and their new…
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State Pension
Hi everyone Apologies in advance if this is already a thread, but I could not find one. I have seen some articles in the past concerning National Insurance contributions and their affect on the state pension. As I understand it a male needs to have contributed for 44 years to obtain a full state pension. I am 60 years old,…
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Postponing State Pension; Advice Please.
I will be 60 on Jan 1st and have just received info about my state pension with the option of deferring it. I am fortunate in that I already have an occupational pension and my husband still works. So I do not really need the money now but will in the future, of course. Is the deal on offer a good one or could I put the…
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Nursing Care for Parents/Sell Their House?
I'm concerned, as are many, that if my parents end up needing nursing care I will end up having to 'give' their house to the government to pay for their care. My dad is particularly concerned about this. He worked hard to pay off the mortgage and it's really all he has to leave to us. I think there are solutions but I'm…
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Am I allowed to invest money in a dormant pension plan?
I am fortunate to be in a final salary non contributory pension scheme - Armed Forces. Many moons ago I opted out of Serps and had the contributions place in a private pension with Scottish Equitable (1988-1993). In 1993 i opted for a longer fully pensionable contract in the Forces which meant that I had to contract back…
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strategy to get away
Having gained tons of info from yourgoodselves i have come up with the following strategy to allow me to move to france, this is from a uk prospective as i am making inquiries into the french tax position, I have three sources of capital, 1 my uk house 500k 2 my executive pension 150k 3 my opted out of serps pension 50k 4…
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War Pensions or Veterans Agency advice
Does anyone have any knowledge where I can get some help/advice/assistance with some VA questions please? Not the official Veterans Agency website cos all they suggest is to speak to one of their advisors and they just give the e corporate answer. I need someone's experience with issues/matters that I have encounterd with…
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Medical Pension
Hi Does any one know the rules about claiming a medical/retirement pension and wanted to start a new employment ten years later from the first claim? Does the pension stop? Or is it reduced? How does this affect the claimant? Is there any insentive to start the role offered. Thanks any advice would be appeciated. Jiggerman
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Best day of the year to retire/emigrate
I am hoping to emigrate and retire when we are 45 . Which is the best day to stop work and reclaim the tax paid in the current tax year ? Would it be the 1st of febuary or earlier in the year ? Any ideas please !
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Pension help for an 18 year old.
Hi, I am 18 so I am new to this all but I want to start saving for my future. The company that I currently work for does not provide a pension so I want to start a stake holder pension. I am a low paied worker but I am trying to do better. I do not want an ISA because I might be tempted to spend it, if there is money lying…
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taxing my pension
I retired in Jan 2005 after 50 years in engineering,i received my state pension +serps which made me £205 per week in addition i got £100 a month off 2 small private pensions i had saved hard for 18 years one £70 tthe other £30 in April 2005 the inland revenue started to stop me £30 a month tax which they said was the…
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3 Pensions Total under 15k
I have 3 small pensions with pearl in total they are 14500. I am in ill health (53) Will not be returning to work. Pearl tell me i can cash them all in with a Doctors letter but will only be able to take 25% tax free the rest will be taxable. Any advice on what to do with the funds or shall i tranfer to another company or…
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tax free cash
when you take the tax free cash element do you have to purchase an anuity at the same time or can you defer it to a later date, thanks.
