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Early Retirement Dreams
Hello. My very first post and to say the least, I'm somewhat clueless. I am a 52 year old single woman and I have somewhat ambitious hopes of retiring right before my 60th birthday. That leaves me about 3 years (until I turn 62) of waiting for social security to kick in with no "income". I am currently enrolled in my…
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Just discovered my late father has a pension. Help!
Dont know if anyone can help me on this one. My father died over 5 years ago and left my mom with debts. This meant we didnt have to go to probate. A will was left leaving everything to my mom. She has just had a letter throug running through what happens when my dad retires! Its waffling on about benefits in retirement…
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Standard Life question
A few weeks ago I had letters from Standard Life with whom I had pension arrangement to say they are demutualising and I would get shares - I don;t have to do anything ..But listening to an early morning radio 4 programme a couple of days ago it said lots of people hadn't claimed their windfalls! What is this and should I…
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New 'Ageism' Laws - Not a happy bunny
I know of somebody who is about to fall foul of the new 'anti-ageism' laws, this is the scenario......... A VERY big high street bank has circulated information to all its staff stating that from 2nd October 2006 its retirement age will increase from 60 to 65 (before you had to apply to work longer than 60 ie contravening…
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Life insurance in Retirement
Hi, I hope to retire in the next 18 months. My mortgage will be paid off, I will have a good pension (thanks to my Final Salary Pension Scheme) and an amount stashed away for a rainy day. My wife will also receive half my pension should I die first. My question is... with the mortgage paid off should I continue to pay Life…
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23 years abroad
My new husband (married him in June 06) was out of the country for 23 years in South Africa. He did not keep up his National Insurance contributions during that time. What will happen when he is 65? He is now 50. His ex-wife, to whom he pays maintainance, is still in South Africa - she is 64. I have worked every day since…
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Annuities Conversion
I have a small annuity with STANDARD LIFE and wish to convert it to a cash sum, the amount involved is less than £9000. STANDARD LIFE will not entertain it saying its not their policy. Following the recent pension changes do I have a right to ask for my money? I am already a pensioner in receipt of a good pension from the…
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What financial commitments should I be making at 32?
I'm 32 have a husband and new baby. After the recent bereavement of a close friend, it has got me thinking about what financial arrangements we should have in place. I have a pension which my company only started a year ago, an ISA with a small amount of cash in. I also have a life insurance policy and that's about it. My…
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Totally Exasperated !!!
Scottish Equitable/Cavendish Online. In January this year (2006) I applied for lump sum stakeholder pensions for my wife and myself. I completed the applications and submitted them with all necessary details and payments to Cavendish Online. I received their confirmation in a letter dated 17th.January. I then received…
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How much do I save?
Hi there, I'm new, and would appreciate some clarification on Martin's Pension Article. I read Martin's article, and have been paying into my pension since I was 22 (but very little). I have joined a new company who will pay in 8% if I pay over 2% of my Net salary. Do I halve the age I started and pay in 11%, or take into…
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Im all confused about my Pension at work-Im a Civil Servant.Not a brainy one at that!
Hi I am a civil servant, and have joined the Premium Pension. I have been in the pension since starting my employment in August 2004. I am currently 26 years old, so started my pension when i was 24 years of age. I am very confused at what im paying into? I pay about 60 to 70 a month but on my payslip it also states that…
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Nat Ins contributions two year rule
Can anyone tell me the reason for the introduction of the "Two year rule" for Nat Ins contributions that stops you claiming JSA and Invalidity benefit.Many Thanks.
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Nat Ins contributions two year rule
Cab anyone tell me the reason for the introduction of the "Two year rule" for Nat Ins contributions that stops you claiming JSA and Invalidity benefit.Many Thanks.
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Pension Scheme Crisis - What Should I Do?
Having paid into my former employer's pension fund for over 18 years, I've just received a letter telling me that their liabilities are currently nearly twice as much as their actual assets. Although they're telling me that there's no need to panic, needless to say I'm panicking! Can anyone put me in the picture regarding…
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Divorce & Pensions
Currently divorcing after 22 years marriage. There are no assets (don't ask!!!) - however I have a CETV of £91K and my "soon-to-be-ex" has a CETV of £52K. Looks like I will have to compensate him for this inequality in pension provision. Does anyone know how this will work and how much extra I will have to start paying…
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Savings and benefits
Hi! Could you please advise. I cannot claim Jobseekers or Incapacity benefit because I failed to make any national insurance contributions for the past two years.In 2003 my company closed down and I came out of work.I have worked all my life and have fully paid contributions from 1963 until 2003.I am aged 59 and my wife…
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M&S Personal Pension
Hi - my wife has been saving with M&S pension for a few years now. I've noticed that they do not mention the pension in the M&S money website, which makes me wonder if they still offer it. I was also wondering if it would be worthwhile switching it to a stakeholder pension using the Cavendish website. Thanks
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Shall I cancel my pension???
:confused: I am confused and need some help and clarification on pensions and whether it is worth continuing. I have been always suspicious of pensions as there are so many variables that can effect it when you consider you will be relying on this income during your old age. These concerns being: 1. Pension company going…
