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selling business
hi Due to a few personel tragedy's and the ill health of my girlfriend i have decided to retire and move to france, i am 50% shareholder in a ltd engineering company, we do not own the buildings so there is little else than goodwill, having said that we turn over 2 million and i earn between 75 and 150k depending on the…
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Pension Advice - Currently have Halifax Stakeholder
Hi, I need some pension advice please. I am currently 25, married and have a mortgage for my house. I worked for the civil service between 17 and 22 creating a nice little government pension. Then I moved jobs to a company that do not offer a pension sceme. So I took out my Halifax Stakeholder Pension. Which I have been…
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Pension Release?!?
can anybody shed some light on whether this is a long term nightmare as im presuming it will be. My parents went to a friends house who have recently recieved a lump sum out of there pension early and are living the supposed dream, holidays in canada new cars etc etc. Parents have totally bought into this and as they are…
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Could you retire on half your current income?
Tiscali scare story - Pensioners face 50% drop in future income Is it so awful to have to live off half your current income once you have paid off your mortgage and seen off the children? Is this a real worry or merely an investment industry / news agency scare story?
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Assets v Means Testing
Aged 55 and nearing retirement, in my case 60, and am aware that with the 'Means Testing' that the Government has intoduced on all the benefits now available, we will probably not get any 'benefits', because savings/assets are in excess of £"X". Property currently worth about £250 - 300k, and investments currently…
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teachers pension
I'm 50 now and have been teaching since 1989 although only paid full pension dues since 1991. Before that worked for local authority and then had kids. My health isn't brilliant and I don't think that I'll be able to continue my present job for another 10 yrs. I'm off sick at the moment with a chest infection. What should…
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Should I be doing more!
Hi All, I would like some advice on my current situation and whether I should be doing more to save for my retirement. I currently have a SIPP with Hargreaves Lansdown. I have £65K in this, split between 4 funds. (Axa Framlinton Managed Balanced, Artemis Global Growth, Jupiter Global Managed and HL Special Situations). I…
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redundant pension
I have a stakeholder pension plan and have recently been made redundant. My pension is on a 'contribution holiday' Should I just leave it there and reinstate it if/when I get a new job or should I be looking at investing it elsewhere? Would appreciate your advice! Thanks:confused:
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Should we cash in our pension?
My partner got made redundent last year. He got a new job the same week but his new employer doesn't do pensions and we have never put any more money into it since he got laid off. I believe there is about £13000 in it. Should we cash it in and put it into a savings account.:confused:
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Is this a good deal that I should keep ?
I am currently contributing 5% of salary (gross) to what is called a Flexible Options AVC as part of my Final Salary Scheme. I am 40 in a couple of months. My retirement age is currently 62. The estimate being provided is that this arrangement will return an annual income of 6.5% of my finishing salary. Is this a good…
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Official rules for discussing investment and other products
For those that haven't visited the Savings & Investment board, please see the Official Forum rules for discussing Investment products from Martin.
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Advice on undiscounted pension
If anyone can shed some light on my question I will be most grateful I am being made redundant, just as I hit 50. I am led, by HR and my Union, to believe that I qualify for an undiscounted pension, whereas if I retired at 50 it would be discounted. I have just received the figures from my pension people and I think that…
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Asset allocation within stakeholder pension
Hello everyone can I have some pension advice please? Only joking! Can anyone recommend any good on-line or off-line information resources on asset allocation in a stakeholder pension. DH is in the Prudential stakeholder scheme provided by his employer on the recommendation of Towers Perrin. I have tried to get help from…
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Pension Help
Hi guys, Just need a bit of advice if possible regarding a pension. At the minute, I have opted out of all pension schemes & have no savings. I'm nearly 25 & have my own house (mortgaged) & car. Now I have recently moved jobs & the company pension scheme looks ok, but I need guidance. They will match my contributions into…
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Pension advice
I am 35 years old and in full time employment in the NHS. I’m realistic I know with current property prices I will not be able to afford my own property, however I would like a comfortable retirement. What is the best way for me to achieve this? My current financial situation is outlined below. Debt to parents £2000 Tesco…
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pension transfer
I am 56 years of age. I worked for a local authority for 14 years and because of family reasons I left. Four years later i am now being offered a job in another local authority. My previous was frozen. What I would like to know is whether (a) I should join the local authority pension scheme assuming that I would retire at…
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Pensions advice - withdrawing money from NHS to where??
Hello I'd really appreciate a little advice (as would most posters on here I'm sure). I left a private company after 5-years service to work in the NHS. At the time I had contributed to a company final-salary pension scheme for 5 years and left my money when I moved (as the transfer value was poor). I spent 18 months in…
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pension transfers
wife has worked for Royal Mail for 18 months in which time she has contributed to their pension scheme .She has a annuity pension with Norwich Union also a final salary pension and a annuity pension with same company as the closed the final salary scheme . value of nu pension 12/05 £10856.53 stakeholder 05/'06 £1012.10…
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pension transfers
wife has worked for Royal Mail for 18 months in which time she has contributed to their penson scheme .She has a annuity pension with Norwich Union also a final salary pension and a annuity pension with same company as the closed the final salary scheme . value of nu pension 12/05 £10856.53 stakeholder 05/'06 £1012.10…
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Pension Income as Relevant Earnings?
Hi - I have had a few different answers to this question, so I hope someone can clear it up for me! If someone is earning £40k a year and is just about a higher rate earner, but only by around £1,000, but they are also taking £25,000 pa Pension income - could they use that pension income as the basis for making…
