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annuity versus cash
can anyone help with a problem I am having with STANDARD LIFE. I have two small annuities totalling about £9,000. they are already running as I am 66 years old. Under new rules I thought I had a right to ask for the cash instead of the annuities,which are pathetic, but STANDARD LIFE have said"It is not oiur policy to do…
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New to pensions
Hi, I have searched this forum but with no luck for what I am after. I am 18 and thinking about a pension as I've read that the earlier you start the better it is although I know nothing about them. I have a part time job in a supermarket who offer matched contributions of 4, 5, or 6% and obviously this is the best way to…
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Company Pension Scheme Introduction
After being with the same company for 22 years, there is a possibility that it is introducing a company pension scheme. Initially, I expect it has been done due to people who have been interviewed for jobs are declining the offer when they find out there is no pension scheme. The type of scheme is yet to be defined but the…
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Appropriate Pension funds for old serps contributions
Hi all, I am looking to transfer my old contracted out (with protected rights) NPI Serps fund pot into something more attractive. I realise you are unable to "Advise" where to go. I have been looking on the citywire website, looking at different funds & their performance over different timespans. Am I correct in looking at…
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What do we need to do to retire early?
Hi getting to that stage of life where we need to look at our finances and decide if we need to change things to prepare for retirement. Hubby is 54 and as a final salary pension which he has paid into for coming up to 21 years. He also as a pension from a previous employer which we transferred around 1987/88 to what was…
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What happens to pension in divorce?
Hello, Is there a legal rule of thumb about what happens to a company pension upon divorce? Or is it all sorted out on an individual basis? I will give quick outline, couple in their 50s, three grown up kids all working, husband works full time earns £60k a year, wife works part time earns about £8k, house all paid for…
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Help requesting probate
My mother has recently died and we need to get probate so we can access money in her name. The solicitor will do this for a substantial fee but I am aware we can do it ourselves and save a lot of money. Does anybody have any help/advice for how we would go about it?
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shall I transfer my small standard life pension to university superannuation
shall I transfer my small standard life pension (with profits) to university superannuation final salary scheme £value £1800 transfer value £1500 its too small really to involve a IFA any views PRO'S/CONS ??
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Contracting in/out
I pay myself £6k/year in salary through my personal LTD company, with the rest of my income coming through dividends from the company I am therefore paying a few pounds a week of NI (very little). I am 24. About a year ago I was employed, and the financial adviser sent round by the company said he couldn't tell us what to…
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Redundancy - Need Advice.
I am being made redundant and I took my employer's offer of voluntary redundancy. I have been with the firm for over 5 years* The current business account will cease to trade on 31/10/06 * My employer advised me that I am entitled to a £1500 loyalty bonus if I stay 'available' to work till the last day i.e. 31/10/06. I am…
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44 no pension, what should we do?
Hello, I am new to this board. I normally hang around in the DFW board as I have debt I am in the process of chipping away at. I have a NHS pension so fmy concerns are not major for myself however I am concerned for my partner. He is 44 and does not have a pension. What should I advise him to do. He works full time. His…
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Asset Allocation-comments please
Hi all I have put this in another thread but would be interested in more opinions so thought I'd post it here. I actually have an enviable "problem". I am a member of the LGPS FS Pension scheme & have been looking over the past few years to build up an AVC fund. I have recently adjusted this to; Standard Life Balanced…
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Banks ripping off Trust funds
My step father died two years ago this week. He put his money into a discretionary trust with HSBC to avoid death duties and to generate income for my 82 year old mother. HSBC charged £23,000 to set up the trust and are charging in excess of £1100 per quarter to administer it. On setting up, the trust capital was…
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I am 53. Is a pension worth it?
Hi - have never been on this forum before, I am a regular on the debt one, however. I have recently become employed, after 12 years of self employment which got me deep into debt. Debt is being handled via a debt management plan which has another 5 years to run. I am 53, job is very good with excellent salary and they want…
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Is a pension worth it?
I'm 55, early retired so no income. The max I can put into a pension is £2880 pa (£3600 after the tax uplift). If I do that for 10 years I end up with a pot that I can have 25% of tax free and the rest drip fed (annuity/draw down) and taxable. I may be missing the point but it seems to me that it would take 15 to 20 years…
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Pension question
I was in the building society this morning and was eavesdropping on a customers conversation with the cashier at the next desk! She was talking about going back to work after a long break and was saying among other things, that she might 'cash her pension in' and 'its better in my pocket than theirs'. This led me to…
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Transfer pension or restart payments?
Well, actually I was here a while ago, but now I have more relevant info I hope that you can help. 1. I have an occupational pension (I pay 3.9% my employer pays 5.1%) This has life benefits of twice salary PLUS a pension for my dependants purchased with the accumulated fund value at date of death. My employer pays all…
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Pension or save a deposit for house?
Hello, I am 30 and have been paying some money into a pension for a few years. My employer also contributes. My salary is low and I don't have a house. I wonder if it is silly to be paying money into a pension fund when I should really be saving everything for a house. I have some savings and intend to save a lot more soon…
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Norwich Union personal pension, any good?
I'm looking to set up a personal pension as i'll be working abroad for a year or two and so not getting a pension here. I've looked over the MSE article on picking a stakeholder pension, via someone like cavendish online. I looked at a few they offered and to be honest couldn't tell much difference between them. the…
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Pension advice
OK then, I was working for a company until July this year, then made reduntant. I had a final salary pension which I had paid into for about 5 years. I have been sent details of my options, being 1, leave it and they have said how much it will be worth to me when I reach normal retirement age. (I'm 34 now). This amount…
