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Inheritance tax allowance
Hi all I wonder if anyone can advise. I've searched the thread but not found a specific answer to my query. If a house is left to his two sons in a will by a father (whose wife has already passed away) and the value of the house and land is approx £300,000 firstly will all the value be included for inheritance tax purposes…
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what impact
http://www.express.co.uk/news_detail.html?sku=1092 What do the boffins think about the above.
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Finding details of Army Pension?
Hi to all MSE, Would anyone out there have any idea where my OH can find out about his Army Pension? He left the Army about 15 yrs ago and was only in there for about 5yrs. It is through his divorce that the courts are asking for full details of the pension and a CETV. Ive tried looking on the internet but nothing of any…
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Help for carers?
Not sure where to put this one, but here goes... My mum was diagnosed with Parkinson's Plus, lewy body disease and other demenia-related ailments 3 years ago. It now seems very likely that permanent care is on the horizon, due to the social services involvement in the last few weeks. Admittedly, it has been getting hard…
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Re-mortgaging and pensions
I was wondering: If I re-mortgaged my house, and lets say i released £30000 in doing so. Then i pay that money as a lump-sum into my personal pension. i assume I get that 'grossed-up' by 22% (6,600). Thus I put 36,600 into my pension in one lump. Let's assume this is less than 100% of my salary. If my mortgage is at 5.00…
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State Pension - Deferral - any thoughts? (Is my question not interesting enough?)
I shall be 62 in July and could have drawn my State Pension, I have 29 qualifying years which should give me 77%, the reason I left it was because I have been earning a wage and it would have been taxed. My job is coming to an end and I will then hopefully be taking a seasonal job starting March and ending October that…
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Industrial Injuries Disablement Benefit
My mother who is 77 receives IIDB. Are there any related benefits/extras she can claim as a result of receiving this benefit. I am in the process of claiming Attendance Allowance for her as her health has deteriorated recently and need to know if there is any other help she can receive. Many thanks,
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Cashing In Pension
I am 28 years old and have had a pension with natwest for 10 years which has a balance of @£5000. I am not paying into the pension anymore and would like to somehow withdraw the balance. Is there any way legaly or illegaly of withdrawing my money? Are there any loopholes such as moving the money to somebody elses pension…
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Transfer of ownership now to minimise care costs?
Hi My mother is a very healthy 60-something with a retirement income of <£10K, a house with no mortgage and a reasonable but not huge amount of savings. She has a friend whose family have had to sell a house to care for an elderly parent in residential care and she wants to avoid this in our family. She is interested in…
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Advice on Pensions
Hi I have 4 pensions as follows: One with Zurich (Was Allied Dunbar) - Fund value 24k One with Prudential - 1.5k One with Sun Life - 24k One with Friends Provident - 17k The Zurich pension is one I took out when I was 17, it is a personal pension plan but I stopped paying into this about 2 years ago. The Prudential pension…
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Pension advice sought
I'm in the Firefighters Pension Scheme (FPS), which is a final salary scheme and currently pay 11% of my salary with a retirement age of 55 (I have been planning to continue contributing and retire at 60 tho', which will give me the full 30 years). I keep getting mail suggesting I transfer to the New Firefighters Pension…
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Will i get a pension?
My wife is under the impression that we will not be getting a pension due to the Government doing away with them; we are due to retire in 2035 and 2036 (me with a private military pension also). We are both workers (1 x part time and 1 x full time) and so both pay taxes and NI. I have no idea where she has got this…
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Edinvestor
Can I ask where you get your figure of £10,000 as the maximum advisable for pension income? I thought tax started to be paid at around £7000 for pensioners? And also, does that figure include the basic state pension, or are you referring to pension income from other pensions only?
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NI contributions
I have received a letter for HMc advising me that I have a shortfall in my NI contributions for 2 tax years The first i was at uni and the second i was job hunting. Should i have made contributions in this time? if not then is there any way of advising them of this or should i just pay it and get it over with? bit confused…
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Advice on a very small pension
I took out a pension with Sun Life of Canada in 1984, paying £50 a month. However, I stopped paying into it after 1 year (£600). It's current value is £539.92 - not a great return I'm sure you'll agree. It's Transfer value is £453.46. Any advice as to what I should do with this if anything? cheers Sweven
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42!! And i do not have a pension
Hello I am 42 years of age and quite ashamed that i do not have a pension! I work for a major telecom company, and when i joined this company 7 years ago i did join the company pension scheme. However i fell on finanicial difficulties & withdraw my money after 18 months. I need to think long and hard about my future, and…
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Is it worth having a pension?
Is it worth having a pension or would the moeny be put to better use paying off the mortgage? I have posted a similar question on the mortgage board as I hope to catch mortgage and pension focussed groups. Sorry for reapeating the question but I wanted to catch both groups
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Help wanted for In laws
Does anyone hav any advice/info links how I can help my in laws sort out there finances. They are both in 70's n hav all sorts of shares (bit cloak n dagger bout it) don't think they are worth alot but my father in law doesn't talk much about such things. If he has to go into a nursing home will they lose there…
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Cashing in a pension?
Hi Everyone. I think I know the answer to this question, but I'm not totally sure! I started a pension 15 years ago with Legal & General but due to money difficuties I stopped making payments over 2 years ago. I now need to raise some cash immediately and was wondering if I can "cash in" or draw some money from this…
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Question about 40% Taxation re Pensions
Hi only just noticed that the money I'm putting into my pension is only getting standard tax rate applied to it. Rather than the 40% it should be. Is it my employers responsibility to change this or is this something I need to claim back by filling in a tax return form. I've been making contributions for about 3 years, so…
