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Pension advice greatly accepted
(ahem, appreciated) Hi, Looking for some advice on 2 questions as I'm a novice with pensions question 1 I'm a 30 y/o married man currently paying into a company stakeholder pension (NU) with my current employer. I estimate £4k in this pot (£160pm going in there now). I also have a pension I paid into with my previous…
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sick pay at pension rate?
Hello, I was officially finished at work today thru ill health retirement. I will get a lump sum plus 3mth severance pay. Today i recieved a letter from my employers stating that my sick pay is to come to an end. Dated 24th nov, its been sent before all my form of finishing dates etc has reached them. My query is this…
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State pension
Husband receives his state pension in July. Does anybody know whether he has to fill an income tax form every year to declare his annual income and interests from savings? He does not work but has a pension from work. I am wondering whether I should move his savings into my account so that he does not go above the 20K.…
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Pension Credit and Tsx
Hi, A friend received £107.00 state pension and £7.00 pension credit which brought her up to the £114.00 government pension level. She was then taxed on this which dropped her below the £114.00. I always thought the £114.00 was the pensioners level of income. Is this normal? She phoned the pension service to see if her…
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Teachers Pension
The teachers pension scheme is changing from Jan 1st and I am horribly confused about what to do. :confused: http://www.teacherspensions.co.uk/ :cry: I am a 47 year old teacher with absolutely NO pension provision at all.:cry: I teach kids with special needs and have only recently joined the state sector working part time.…
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Unacceptable pensions divide?
This is Money The gross disparity between the future pensions of those in the public sector and those in the private sector is widening rapidly every year. When will the backlash begin? Because of the Conservative Party's desire to appeal to public sector workers in the next election (and the Labour Party's funk on the…
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Pensionless no longer
:T MSE readers may remember the shocking case of the poster whose pension fund of around 100k had been passed without his consent to a group of crooks by his provider, Zurich, and whose case had been left languishing by all the people who are supposed to help :mad: It now seems that following intervention by MSE poster…
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Late pension
Hi everyone, I have a dilemma. I am 53 and I do not have any kind of pension, also I only do relief work so I don't even think my NI contributions are up to date. I know I can find out about that but what I really want to know is - what sort of pension scheme is going to be able to help me out. I am married and my husband…
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One week over refund deadline!
My boyfriend is leaving the police force and his official leaving date is two years and one week after he started contributing to his pension. As the cut-off point is two years, this means he is not entitled to a refund of his contributions but a deferred pension instead. Is there any way he can get at this money now? Or…
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Which pension?
Hoping someone here can help discuss the pros and cons of this. Basically my wife has just been offered the choice of 2 pensions with her work. The company will match from 3-5% that she puts in. So, the easy part is to choose to pay in 5% :) However they also have two pensions available. A scottish Mutual With Profits and…
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Should I take lump sum from pension or not?
I'm due to retire early next year and have two choices from an small works pension. Option one, I can take a tax-free lump sum of between £0 and £11500.00 and a yearly pension of about £1700.00 if I take the max lump sum. The other option is to get the full pension of £2600.00 per year. In both cases my spouse would…
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Increasing mortgage while on Pension Credit
I wonder if anyone can help me with the following problem. I am 62 years old and unemployed. I have been claiming Pension Credit for the last year since my wife, who was working, left me. I now wish to increase my mortgage from approximately £20k to £100k (using a non-status mortgage) in order to buy out my wife’s share of…
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State Pension Shortfall.
Just wondering if anyone else has seen a large shortfall in their latest monthly state pension payment. I've just checked my dads bank account this morning and there's a shortfall of £125! I've just sent an email to the pensions dept on my dads behalf for an explanation.
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Can you increase your state pension with class 3 voluntary contributions?
if you are self employed and only paying class 2 contributions if you increase your contributions - such as class 3 i think (sorry am not specialist so if anyone can clarify) - can you improve your state pension for the future a little bit? thanks in advance
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40% Tax Payer - No Current Pension
Hi First post so be kind! Having recently been made redundant, have found a better paid job, although new employer has pension scheme it doesnt make contributions to it. Its company pension is a stakeholder from Norwich Union. Im in my mid thirties, having only had one other pension which was from my previous employer also…
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Pension advice on amount to save appreciated please
Hi everyone, i was very interested in the replies to ftbworried's request for simple pension advice, especailly ReportInvestor's schedule of increasing payments. I am hoping that he is reading this thread and may be able to give me some similar guidelines. This my situation: I am female, 42 and in full time employment. I…
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Making a Will
Hi all, I am very new to this chat business. I always read Martins advice and one tip was to use the "Will Aid Scheme" during November to make your will. I have recently done this, having looked on their website to find my nearest participating solicitor. After making it clear to them when I made the appointment I wanted…
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Company closure
I presently draw a pension from a Uk manufacturing source which is part of a multi-national company based in Canada and trades through the NYSE. This company plans to cease trading in the Uk in March 2007 but will continue manufacturing at other sites globally. There is speculation among former colleagues…
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30 years National Insurance..Dont pay more
I understand that anyone whose date for getting a pension is after April 6 2010 only needs to have made 30 years of NI payments instead of the present 44years for men and 39 years for women. This means that those who are self employed or making voluntary NI payments could pay too many years in. Anyone making back payments…
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Advice wanted on 'newcomer' to LGPS
Would someone be able to help..?? I have worked for Tesco for the past twenty years, and due to a redundancy situation I have now accepted a position working for our local council. I have paid into my Tesco final salary pension for 17 years. When I start my new role with the council would I be better to transfer my Tesco…
