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pension advice needed - we dont have a clue!!
Hello, wondered if any of you experts could provide some suggestions..... my husband needs a personal pension plan as his employer does not have a scheme. he already has a fund of around £4K from a previous employer to start it with. he is 38, in full time work and we have 5 children aged between 10 and 17. we have a…
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pension plan payments & tax credits ??
Hi, Have I heard right that if my husband takes out a personal pension (his employers do not have a scheme), the payments he makes into this on a monthly basis can be 'claimed back' through Tax Credits? Not sure if I'm explaining this properly :confused: but basically the say, £80 per month going to the pension would be…
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Pension Credit Query
My wife and I are both aged 59. My wife becomes sixty in January 07 and in May I do as well. My wife does not work. I lost my job two years ago and I have not been able to find suitable employment on a regular basis since that time and have survived mainly on savings during that time. I did not make any claim during that…
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Standard Life pension transfer penalty.Stay or go?
I will be 65 in 6years time.My Standard Life pension of £40,000 will incur a 10% penalty if i transfer it pros and cons please.
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Pension mortgage
I understand that you can use a pension to pay off the mortgage. From what I can gather that means that over 50 I can draw 25% of the fund tax free so I'd have to have £235,000 to pay off my £56,750 mortgage in 6 and a half years time. That will pretty much apply only to my occupational scheme which I can boost by £25K…
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RAC tax windfall ?
http://www.ifaonline.co.uk/public/showPage.html?page=ifa2006_index People with one of the old Retirement Annuity Contracts ( pre 1988 personal pensions) should keep an eye out for tax changes that could be to their advantage :) It seems unlikely this will be achieved without some of the usual chaos, so expect to be…
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Scottish Widows
Can anyone advise on weather the personal pension I am currently paying into is worth continuing with or is it lame duck. It is a with profits policy with a gauranteed Annuity,With Scot Widows. Its not paid any bonus for 3yrs now.As a self employed person I need this money to work for me.
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Allied Dunbar Fund Values
I am looking at a case regarding an Allied Dunbar pension and need to locate some fund values. Can anyone direct me to a site, or provide the information if it is easily to hand. I need to know the unit value in the pension managed fund on 12/2/1999 and the current value in the same fund today Any help greatly appreciated…
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Help with pension refund (civil service)
Hi, I am new to your forum but am hoping someone might be able to help me clarify if a refund of my pension contributions for a period of employment with Customs & Excise (HMCR) is correct. I work for Customs an Excise for about 14 months on a FTA contract (fixed term appointment). During this time I paid into the civil…
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Is pension lump sum tax free?
Hubby got his anual statement for his pension today and I have a few questions. Is the lump sum you get when you retire tax free? On the statement it mentions sytate pension Forcast. Does he get state pension on top of his work pension? thanks
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Pension advice please for a newbie
I'm a mum to 3 who has been out of the workplace since 2000. Just before I finished work in 2000 I had a very tiny ( I was only working part time) works pension going and I believe I opted out of Serps. That pension as far as I know is 'in limbo' - I occasionally get letters from that company but havn't added anything to…
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Final Salary Pension help
hello all i am currently on a final salary pension and there are strong rumors flying around work that the company is due to close some point in the near future i am wondering would it be to my benefit to cash my pension in now or wait,my concern is that i will lose all my investment. my current status im in my 50s i…
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Contracted out pensions misselling
According to the Scotsman the FSA plans to produce a report on this in January which will find no widespread misselling, but concerns with some groups, mainly age related. So if any complaints firms contact you, it's probably better to wait for the report, to see if you are affected before deciding on making a complaint.…
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Shortfall in National Insurance Contributions
Hi, I have misplaced the letter (only have the guidance to hand). It's along the lines of I can pay £x's by 5 April 2010 due to shortfall in NI contributions to state pension. I need to read all the guidance but is this shortfall common? Kind regards, Ashley.
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25% tax free cash (TFC) from pension not guaranteed?
Well, no - as we know, governments like to fiddle with policies, but this is the first time I've come across articles that have actually articulated the fact that the TFC is not guaranteed, and the option to collect it may be removed. http://www.whatinvestment.co.uk/story.asp?storycode=15722§ioncode=78…
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Avcs And Tax Relief
morning all i make avc payments into the standard life with profits fund through my employers avc scheme, following their recent floatation i have recieved from the trustees a letter telling me that they have paid a sum of money into my avc fund. The trustees recieved one fixed allocation of shares and a variable amount of…
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Free up FAVC
I have a FAVC with my bank (HSBC), this has run for about 12 years I now find that my company pension scheme is more than adquate for my retirement. I now need the saved money for a house purchace but my bank say's they can not release thsi until I retire ...is this correct. The 19k tied will mean the difeernce on my house…
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Is this Fair?
In mid 1998 i joined my employer's pension scheme, after receiving compensation for being mis-sold a personal pension. About 6.5K of the money had to go into AVC's. It went to Equitable Life, though I didn't know this at the time. The problems: 1. I asked for the money to be split 75% With profits; 25% Managed. My employer…
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Allied Dunbar pension
My previous employer set me up in their pension scheme with Allied Dunbar (AD) in 1996. I left the company about 2 years later but kept the payments up to this day. My problem is wheather I should transfer the pension to a stakeholder and take advantage of the low capped fees as I believe my pension is one of the 'front…
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will anyone give advice please?
Hi again I posted yesterday regarding help with hubbys pension, I would really appreciate any advice please. I feel I am in over my head already and I'm only on the basics! Hubby is even worse than me so no help there! I really hope nobody took anything I said as offensive. If so im sorry.
