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Stakeholder into a SIPP?
My knowledge of pensions is about zero! I was wondering if anyone knows whether it is possible to transfer the value of a stakeholder pension into a SIPP? Thanks in advance
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pros and cons of transferring pension funds
Hi guys hope you are all well. I am hoping someone can give me some advice around my pension situation. I'm 32 and currently have 3 deferred pension funds and a current money purchase scheme witn my new employee: - I have approx £6,000 in a standard life - personal pension one. I am also contracted out of serps and this is…
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Care Home Fees - Who Pays?
Apologies if this isn't the right forum for the question. Basically, my 75 year old father in law is likely to have to move into a residential home as he can no longer care for himself. This is based upon his mental well being as opposed to his physical state. He owns a flat for which he has a £40000 interest only mortgage…
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Is this possible?
Hi. Does anyone have views on the following as possible ways of maximising joint pension income for my wife and I. It's some way off (we're both 32) but change of job is forcing pension rethink. My wife is a standard rate tax payer. She's got 4 years worth of NHS pension but is moving into the private sector. There's a…
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Legal & General removing Maximum annual charge
OH moved an old pension from Abbey Life to L&G last year. It seemed like a good idea at the time. We just got this letter; is this something to be concerned about. Your plan currently hass a maximum annual management charge. From 20 November 2006, we will be removing this limit. Apart from this change, we will not be…
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Pensions or Savings
Hi everyone, Question for you - I am 22 and not sure whether or not to sign up to my employers pension scheme. They offer to pay double your contribution up to 4%. I thought that I would opt out and, instead, invest my cash in Regular savers, Isas and websavers... But now im getting told that it is a good scheme! Is it…
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My first pension - advice for beginners?
Hello all, I'm 24, and just over a year ago I started working for my current employer. I haven't had a pension before, but as the scheme they operate is final salary, and their contributions are high, it seemed like a good idea. I currently contribute 6% of my salary, and they contribute 13%, and this is with SAUL…
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Pay off mortgage or increase pension contributions?
Hi Everyone, I'm looking for some advice as to whether to use any extra cash we have on a monthly basis to overpay our mortgage or increase OH LGPS contributions. Our mortgage is currently around £68000 with montly payments of £400 over 23 years. We are paying £200 OP which will reduce term to 12 years but would ideally…
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which pension
Please help after serving in the military for 8 years i was medically discharged with a pension of £330 per month which will be rising to £500 in jan this pension is tax free. I have started a new job now but the company doesn't have a pensions sceem as of yet but one is in the pipeline for late next year and i am…
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IFA problem :-(
We went to see an IFA about our pensions nearly a month ago. The initial report (with broad recommendations, not specific funds) was going to be a couple of hundred quid, and should have been with us 10 days later. Last week OH rang to find out why we still hadn't received it, and the IFA said it was virtually finished and…
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What should my pension fund be at 30yrs old?
Hi All, I have a meeting with an IFA today to discuss my work pension scheme and was wondering if anyone could give me an idea as to what my pension should be worth considering I am about to turn 30? I estimate that my current pension funds is around £8k with Skandia and it is actively managed. I would like to retire at…
