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projecting long-term savings, retirement, and economic calamity
So with various impending change in my life, including a new job and a possible 5-figure lump sum inbound, I've been pondering what I should do about savings and pensions and retirement and all that jazz. I'm 28, and have about £14k in a company pension with the firm that's about to make me redundant. I expect a seamless…
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Is it worth carrying on with pension?
My salary isn't that great and I can't efford to put a great deal into my pension although my employer does contribute to it. I have just had a prediction statement which says it is speculated that by the time I reach 65 I will have an income of £953 a year. Is it really worth it? If I'm going to have a half decent pension…
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Prudential Private Pension Plan
20 years ago (when I was 22), I walked into the local Pru office, and set up a Personal Pension plan. It's the "With Profits" plan. I opted out of SERPS at the same time because the government were offering bribes and inducements to do so. I've upped and downed the amounts payed into it over the years, and made several…
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Opting Back Into SERP's
I must admit that I'm very confused by the whole SERP's thing. I started a pension when I was 19, and was advised to opt out of SERP's, I stopped contributing to this pension when I was about 22 and haven't made any pension contributions since then. (foolish I know) I'm now 29 and about to enter into a pension scheme…
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Pension help
Hi , I am after some advice regarding my pension , I have just left the military and receive a pension of 257.00 per month. I have just started a new job but they don't have a pension scheme and i a wondering what to do i am 25 and would like to retire around 60 years of age.
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SIPP's and Commercial Property
I may have the chance to buy a small freehold hotel at some point over the next few years. The current owners, who I trust implicitly, run it themselves with some part time help, and probably own it outright, are looking for a way to convert this asset into a retirement income. I'm currently employed, and a higher rate…
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Early pension or lump sum??
Good evening,I am about to be made redundant at 58 with a company final salaried pension my questions are:- 1)should I take the reduced pension? 2)Should I take a reduced pension and lump sum? 3) Should I defer the pension untill 2013 when I retire? I expect to keep working ,maybe part time or get a low paid job that I…
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Earlt pension or lump sum??
Good evening,I am about to be made redundant at 58 with a company final salaried pension my questions are:- 1)should I take the reduced pension? 2)Should I take a reduced pension and lump sum? 3) Should I defer the pension untill 2013 when I retire? I expect to keep working ,maybe part time or get a low paid job that I…
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Pension NOW?
I have just started a new job and intend to stay there for the 5 years up to retirement at 65 or later if I can. There is no employer contibution to a pension scheme with my new employer. My current pension pot is derisory; I am likely to have to rely on the Minimum income garrantee - even my state pension is only 70% from…
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protected rights transfer - best Personal Pension
I am obliged to transfer out of the Civil Service Pension as I have less than 2 yrs service. The transfer value is about £13,000 and includes protected rights. This should be a relatively small percentage of my overall pension (I have a previous final salary pension and also ongoing contibutions of around £1000 per month)…
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NI contributions when in fulltime education?
Hi, For the last couple of years I have had letters saying I have not worked enough for that year to be classed as a qualifying year toward my state pension and I can pay to top it up to a qualifying year if I wish. I ignored these (bad I know!) but now I was wondering how this affected me so got an online pension forecast…
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Prudential SERPS what if i leave
hi there . i have a fairly good final salary company pension scheme, however my SERPs have been going to the PRU since i was 18 (now 35). i admit i really did not think about it way back then as i was naive and just followed the pension advisors advice. every couple of years i get a letter asking me if want to opt out of…
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Post Office Pension
Phoned up Royal mail pensions:- I have just gone over by a few days a two year time limit to opt out (and have previous payments refunded to me) of a post office pension. Is there any way i can get the payments returned to me? I did write a letter to them about 3 months ago asking to opt out, but it either wasn't received…
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Pension - Cant access !!
I have a pension that has been sitting dormant for 3 years or so. I have had it for 7 or so years and I think there is a few grand in it. I am 28 and I was wondering if anyone knew any way, in which I could access the money, as I would like to invest it in other ways. Can anyone help ??? Thanks.
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Extra Pensions
Hi I currently paying into a company pension with seven trent water, currently paying in 6% of my salary about £100 per month which they then add to, this will give me a pension of around £13,000 when i reach 65 plus a state pension of about £5100.00, I also purchase shares through the companys save as you earn system at…
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Deferred Pension Question
I have an old deferred pension from a company I left some 28years ago. I get a statement once a year on the projected final pension etc. As of late say over the last 6 years the projected final pension has not increased but remained the same. Before I go into writing with the company who now manages this I would like to…
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pension company overpayed, can we keep it?
When my brother in law died my wife and her sister were the beneficiaries, they expected £14500 each, but after delaying the payout for 10 months the bungling pension company payed them £29000 each. We signed to say we had recieved these cheques. A week later they wrote saying they had made a mistake and could we please…
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Contracting Back into State Second Pension
Sorry to trouble you all. In 1988 I worked for Merseyside Ambulance Service. To cut a long story short, I was cajoled by two representatives from Prudential to opt out of my NHS Superannuation Scheme and take out a Personal Pension with the Pru which, unfortunately, I did. In October 1989, I had an Industrial Accident…
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Pensions, am I being foolish?
I could do with a bit of advise. The facts, I am 33 and do not have a pension. I currently set aside £250 a month into a savings account attached to my offset mortgage. There is approx 8K in the pot, but I feel I am missing out. It has always been my intention to use the money to invest in property, by buying, renovating…
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Have I given Mum the right advice re state pension!
Hi All! My mum is going to be 60 in May of this year and her and my Dad (who isnt 60 until December) have their own business which they thoroughly enjoy working at-hence, she has no intention of giving up working yet. Unfortunately my dad cannot read very well so she has asked me whether I think she should either delay…
