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Initial advice
Still flailing around and unable to decide what to do about the pension situation ... I consulted an IFA, and was recommended an AXA stakeholder. It was recommended to put the majority of money into the following funds: - AXA Equity - AXA Overseas Looking at the performances of these, although they look ok, they don't…
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salary, bonus or pension
hi, i'm just looking for a bit of guidance. my husband has just accepted a new job, current salary: £32000 new salary: £35000 or £38500 annual bonus: £7000 to £12000 depending on results my husband currently pay about £150 month into private pension, he is 40 the new company do not have a company pension, but his new…
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pension options on early retiremant due to ill health
Hi I am 50 and have been retired from a bank ( last week) to due to ill health and have received pension figures and dont know what to do. Do i take the lump sum and reduced pension, which would make me feel secure as at present have savings of only 8k or the bigger pension and no lump sum. My husband hopes to retire age…
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Equity release: new deals emerging
People who took out equity release deals a few years ago to top up their pension should take a new look and see if they can remortgage to a better deal. Lower interest rates could save a lot of money compared with older plans.Increasing age and higher house prices could also mean earlier borrowers could increase the amount…
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Fund choices....
I am now eligable to enter my works pension scheme, I contribute 3% of my salary, and they match that, it is with Legal and General and the fund choices I was thinking of are below, please give me your oppinions on what, if anything I should change from the choices 20% Deposit/Cash Fund 20% Index Linked Gilt 25% Property…
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TSP Options
I am an air traffic controller and will be able to retire in 4 1/2 years at age 50 and I do plan to go. My question is regarding my TSP account. I know pulling the money out and using it all at once will kill me in taxes with the penalties for early withdrawal. Buying an annuity is also an option, but I do not like that…
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Enhanced Annuity Question
My mum has the option of taking her pension early (she's 59) and has been told that she'll qualify for an enhanced annuity due to health problems that she has. Is the additional pension calculated on the severity of her health or is it a standard increase? ie 6%, 10% or something like that?
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residual allocation
The remainder of my fund after taking the tax free cash will be about,80kthis will go to h.l.for drawdown,(but take no payments yet) can i invest this in a hyp? or is this not available.
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Taking out an additional pension
Newbie here, I have had a look through a good number of threads and can’t see a similar question having been posed, apologies in advance if I have missed one. A bit about my background first: I am 34 years old with 2 children. I have a good company pension, with the company paying in 15%, I top up an addl 2.5%. I have no…
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Changing Jobs..... Big Changes to my Pension
Hi hope you can help me !! I currently work for a financial Institution, nearly 21 years service, and am lucky enough to have a non contributary final salary pension ( I beleive these are like gold dust these days!?) However, have decided enough is enough and am having a complete career change, and am joining up as a…
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sacrifice 2 years salary ?
Hi, i have just vested a executive pension taking maximum tax free cash under the old rules, as i intend to retire in two years i am trying to create a portfolio that will produce an income on retirement from the sale of my uk house (500k) some in property some cash and a hyp, as i intend to invest a large amount would it…
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to transfer or not to transfer...
I have paid into a teachers pension for over 5 years and as part of that was part time and some of that was mat leave. It says on my estimate of retirement benefits that i have 3 years and 147 days pensionable service on an average ft salary of £26,486. I am now working .4 of a full time post (4 days a week) in new…
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Pensions for young people
I have a collegue who is just 27. his wife is only 20 and there first child has only recently been born. The wife was/is still at college and he has been working for the past 5 years in a call centre for a major mobile uk mobile network. since he started work he has been tucking away 10% of his salary (Salary is 15,000 per…
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N I Contributions,
if i retire early will it mean i won't have sufficient contributions to allow me a full pension, does anyone know how many you need, and can you make up any shortfall in advance,
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pension : deal or no deal
please could anyone assist, I am 58 and have a pension with a previous employer which I can take at any time. Currently it would yield £10k p/a or £53k lump sum and reduced pension of £5k. I would like to early retire at 60 having worked continuously from age 16. Should I 1. Take the full pension at 60. 2. take the lump…
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contributions, where to now.
hi, i have vested my executive pension of 160k taking 90k in cash under the old rules, the remainder will be in a sipp for drawdown although i will not take payments yet, my company can still make contributions of about £700 per month, i'm not sure if i can pay into the sipp, having said that would i be better starting a…
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Travelling in Retirement
I hope I have the correct thread, but here goes. next year I retire after 30 years police service. I intend to travel and eventually settle somewhere abroad. I need to know What bank would be best to have my pension paid into on a monthly basis, so I can access it wherever I am in the world. Plus, if the pension branch…
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Any Pension Wizzards.. Help needed
Hi What would you do? I may have to give up work because of health reasons and I may qualify for a payoff. I am assuming that this would be taxed at my normal rate which is higher rate, so effectively I will only get 60% of whatever they offer me. Is this right? If so am I entitled to ask them to put my whole payoff into…
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SSAS Investments
We have a family SSAS pension fund and i am reviewing investments. 1. Scottish Widows have put forward a proposal to invest in one or more of their Solution type funds i.e. Balanced Solution, but I am concerned that their funds are only mediocre in performance and their S&P ratings are low. 2. Would I be better to employ…
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Pensions tax reform - threat or opportunity?
Hi. In a previous thread (Georgiasmum – Pensions advice – what to do?), I started a secondary debate about the new tax rules on pensions that came into force earlier this year and a suggestion was made for me to start a dedicated thread. As you can see, I am new to the site. I have scanned through several pages of posts…
