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Transfer out of company f/s scheme?
The FT has a useful article explaining the pros and cons.
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Misselling of "long term care" bonds
Guardian Ombudsman finds in favour of a pensioner who was sold a bond which she was told would pay the costs of long-term care.
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Dads pension question
Hi there I have power of attorney over my dads affairs due to his suffering a major stroke and being unable to speak, im only 29 and know nothing about pensions at all - i would really appreciate if somebody could help to answer this straightforward pension question for me as i dont want to go straight to paying an IFA for…
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Pension Advice
Hello, I had a pension with Norwich Union. I stopped paying into it but the fund at the moment is worth approx £16,000 . I have also a Pension with my company.But don't pay any extra into it. The company Pension Statements are saying that when I retire it will only be worth approx £5000 a year. I really need to try and…
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taking pension lump sum,continuing to work
I am being made redundant this year and would like to take the 25% lump sum on 3 AVC and money purchase pensions ( I'm 50 ). I'm considering transferring these into a SIPP and taking income drawdown to smooth my future (uncertain) earnings until my final salary schemes start paying when I'm 60 and 65. Lump sum would pay…
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Pension projection
Hi, In the Observer money section today it said that a 26 year old who starts to pay in £75 p/m to a SHP can expect to get an annual pension of £8,000+. I started my pension last January when I had just turned 27 and I'm paying 100 p/m it says that my pension will only be £4,000 pa - how does that work?
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uk state old age pension v emmigration
my family and i are seriously considering relocating to australia and would consider applying for australian citizenship. what would happen to the money ecrued for our uk state old age pension-can it be transfered to australia to be claimed there in later life? thank you for your help.
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Is it worth working any longer
I am a civil servent and will have 23 years pensionable service when I retire in 2011 at age 60. My pension then will be about £8,000 a year, current forecast is £7,000 approx. I have savings in PEPs, ISAs, Savings accounts of £380,000 and my house is paid for and worth £500,000 - why should I continue to work in a job I…
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Clear debt or save in a pension
Should I use (around £250-£300pm) to clear two high unsecured loans or put into my pension which is lying dormant for the last two months through a change of employment. I am 51 years old
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What is an annuity?
This might seem a stupid question. What is an annuity defined as? This particular one was paid for by AVCs linked to an Occupational Pension Scheme. (Not worth it, imho). Is it an occupational pension? A personal pension? Or something else? Just curious as it doesn't seem to fit into any of the boxes! Thanks!
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State Pension forecast questions
Hi all, I just went through the rigmarole to get an online forecast for my state pension. I learned that 2 of the last 10 years I am not fully paid up on NI contributions (one year was virtually unemployed, plus my first year out of university my so-called employer was a shifty fellow). I'm currently 32 and have 10…
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Reviewing an 'old' pension fund
In 1989, I worked for small company. The managing director’s husband worked for a very prominent (I think still) firm of actuaries. Via this firm, a scheme to was set up whereby employees of the firm I worked for could ‘opt out of SERPS’ (as it was called at the time) and that the money would be invested in this fund. The…
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Extra payments in company pension
Hi, First i'll apologise for being so clueless when it comes to this but I just get confused when I try to start to make any sense of it :doh: I'm 23 and have been with my employer for 2 years now and have been paying into the pension since I joined. The average after the company have paid in their amount is £101. I earn…
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please can anyone help with pension advise
I must admit I don’t know anything about pensions; I am 44 and left BT 15 years ago when I had my first child. I had worked for them for 13 years. Today I received a letter from accenture, and from what I can make out it could have trouble paying out pensions in the long term. Would anyone be able to advise me if I should…
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Royal Navy Pensions?
My OH has just been told by a colleague at his (civilian) job that all service age 18+ is pensionable. Does anyone know where we could find out more? He's in his 50s now, but was with the RN from 16 - 19 1/2; but has no paperwork at all left from those days, can't recall his service number and has no recollection of…
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delayed start to pension
was 60 on dec 24th last year and still waiting for first pension payment , so far just had pension credit of £6.25 , any one else had this problem ?
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One pension or two?
Some time ago I was advised to stop paying into my personal pension as it was not performing as well as others. I then started another personal pension with another company which I have continued. The original pension (aprox 10k) was left where it was. Should I amalgamate this first pension pot with my current one, or…
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What is this?
Hello, hope somebody can help me with a query. My husband has been working for the Council for the past 8 years and is in their pension. He has now been on long term sick for nearly 2 years and although he was hoping for ill health early retirement, it looks as though he is going to be dismissed, as his Occupational Health…
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How to track a Pension
Someone was looking for this the other day.. Will help you track an old Pension http://www.thepensionservice.gov.uk/atoz/atozdetailed/traceform.asp
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Pension alternative
Hi, ive been paying into my pension since i started working 6 years ago. im now worried that this may be completely fruitless. im a bit clueless when it comes to pensions so hope i haven't misunderstood the situation. my problem is this- my parents (amongst millions of others) found they were not going to get the pension…
