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Using an IFA to recommend funds in my Company Pension... What should I expect.
Just reading through recent posts on this forum and one thread gets into the topic of using an IFA to investigate and recommend particular funds within a company pension ( eg My company scheme is with Std Life and has around 40+ funds to choose from ). I can go to Citywire and have a look at historic past performers. I can…
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Civil Service pension options - which one to choose?
I have always had a non-contributory pension so haven't had to worry myself with the details. I am now moving jobs to the Civil Service and I received their pension choices booklet. I am very confused and I wonder if anyone can help me decide which one to go for? I have 6 years worth of pension to transfer in to the…
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frozen pension
I currently have a frozen pension can i invest this into a new business that i am considering starting
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Life Insurance
I feel I need to start thinking about life insurance for me and my family. Currently the only security I have if my husband dies is that the mortgage would be paid off, other than that I would recieve nothing. Where should I start regarding looking at getting the best life insurance cover for both myself and husband? Thanks
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Free employer contributions v poor fund selection
Here is a thread which will hopefully kick off a discussion. The general concensus by the knowledagble posters on here is that you should contribute as much as is needed to max your employer's contributions. However, if the fund choices are poor (as illustrated by a recent posting in this forum) would you actually be worse…
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Tiny Occupational Pension
I have just worked out that on today's rates my combined State and Occupational Pension will be £128 per week. It is made up of £86.35 pw State Pension (including £4.95 additional pension) and £41.86 pw Occupational Pension. I was in the Local Government Pension Scheme but only paid into it for just under ten years. Also,…
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38 and worried
Hi im 38 and have been in poor paid employment most of my days,until now My new job is quite well paid(for scottish standards!!) I earn £15,900 a year married with kids and a mortgage,i can afford about £100-£125 per month. I will listen to any advice,im really worried i am going to be a very very poor pensioner. ps have…
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stakeholder pensions
Can anyone start a stakeholder policy or are there earnings limits? The reason for asking is that I want to use the 3600 Limit but currently fall in the higher tax bracket. Sorry if this is a stupid question but I am finding the pension world for self employed very confusing. Didn't help that the pension adviser I spoke to…
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Need a Pension - Any Advice?
Hi, I'm kinda new to all this but wondered if anybody could offer some advice? I'm 28 years old and in full time employment earning £18,000 p.a. The company I work for do not have a pension scheme, and as I intend to stay there for some time, I guess I should really be thinking about setting up a pension through somebody…
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level versus escalating annuity ...
I'm trying to understand the benefits of going with a escalating annuity but having difficulty in seeing the attraction of them ..... Here's a typical quote published recently in a sunday paper .... 50,000 sum single life starting age 60 level annuity - 3112 pa escalating - starting at 1634 pa and + 5% pa thereafter I've…
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Discount broker for Selestia
Hi I'm currently looking for the 'right adviser' for transfering an Equitable Life pension into Selestia, be that a small one-off fee based broker with no advice (like Cavendish but they dont deal with Selestia), or a discounted broker with basic advise and service. Can anyone recomend people in either category? Cheers…
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what is it all about......
Hi all bit off a long one. Right years ago started a private pension and opted out of SERPS. Then lost job and done a bit then got new job and joined company pension. Then company pension decided to opt out off SERPS so now my NI rebates is being paid into company pension. With all thats going on in the pension world at…
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pension choice
When choosing how you want your firms pension paid is it better to take the lump sum or the maximum pension? My wife is coming up to sixty and has an offer of a pension of £2769 per annum, or a lump sum of £13,216 and a pension of £1982 per annum. The pension is index linked. My gut feeling is that she should take the…
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How much should we put into pension.
My hubbie earns £18,000 p.a. we have 3 children aged 6, 4 and 2. We only have one pension ( I am a stay at home mum) and are paying £65 into it every month since my oh was 30 he is now 35. We are currently trying to overpay our mortgage every month and should have it cleared in about 9.5 years. My oh salary won't increase…
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early retirement & job seekers allowance
Hello there My husband is taking early retirement at age 56 from the civil service. He will get a lump sum and an annual pension. He will sign on the dole to get his NI contributions paid until state pension age, but will he get jobseekers allowance and will he be able to claim for me, his wife. He has worked for 38 years.…
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Pension advice
Hi, I recently graduated from Uni and have started employment. One of the benefits I am able to opt into is a pension scheme provided my employer. I have already opted in and just "guessed" which are the best options for me, knowing that I can chenge the options a couple of times per year without penalty. A little more…
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Pension Guarantee Credit - calculator anywhere?
Is there a calculator anywhere online where you can work out if you are entitled to Pension Guarantee Credit. I think my aunt may be entitled but she won't fill in any forms but if I could use something like an online calculator, I might be able to persuade her if I was more certain that she is eligible.
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Royal Mail Pension - advice please
Hubby has been a part-time postman for the last 3 years, he has been asked whether he wants to join the pension scheme. He'll pay 6% they'll pay 12%. He is 48 so realisticly he has another 11/12 years until the RM finish age of 60 although he can stay on until he is 65 and continue to pay into the pension until 65. So you…
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Excess National Insurance Contributions
I am a female aged 58 and to date have paid 42 years' national insurance contribitions which is 3 years more than I need to qualify for the full government pension. I intend to work until 60 when I will then have paid 5 years more than I need to. Does anyone know if I can 'exempt' myself from this extra tax as I am paying…
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pension advice please
I will be 50 in December. I have a final salary deferred pension with a bank I worked at for 12 years. Can I take a 25% lump sum from this pension, or would I have to transfer the pension to a private one. I am aware that I would lose benefits by transferring the pension. Thankyou in advance for any advice.
