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Early Release of Deferred Benefits
I was a member of London Pensions Fund Authority for 9 years and was made redundant on 31 December 2005, when my pension was frozen. I had been off ill for a few months in 2005, and in July 2006 was signed off work and have been living on incapacity benefit, topped up by the remainder of my redundancy money ever since. I…
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serps pension with scottish widows with profits
hi there. Im 48 and conracted out of serps with the advice of my employers IFA subsidiary. I have a pension with the employer and put my serps with scottish widows back in 1987 and contacted back in in about 2003. The pot is worth about 37k which looks pretty rubbishy considering an employee friend who has just retired at…
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Contracted out of SERPS & Company Pension
Have been contracting out of SERPS since the early days when it was the thing to do - have since started paying into a company pension - will this be a problem? TIA.
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pension mystery?
Reached the big 40:eek: best sought out a pension:j completly confused by all the ones on offer:confused: I've got two company pensions which were both going for a few years! You hear about so many horror stories, I not sure what to go for? Dave
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Pension Refund
Hello This is my first post on this forum and I hope someone can help me. In January 2006 I joined my company pension scheme with Scottish Life and paid in 3% of my salary and 6% was put in by my employer. However I left this company in November - therefore I made 11months contributions. However I would now like a refund…
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Elderly parent care home
Hello After 5 years of suffering many mini strokes and eventually suffering from dementia, my elderly mum (88 last December) has recently been admitted into a EMI (Elderly mentally ill)unit for a 28 day assessment. We (my husband and I) have been advised this week that she is to go into permanent care in a local nursing…
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pension annuity help
my husband is looking at retiring mar 07 ( age 60) we have an amount of approx £100k through various policies, and advisor is talking about annuities ( my husband wants it so that should either die the other is covered) any ideas of best place for this money. Also will have rent from a building we own do this won't be our…
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Pension Transfer Questions?
For the past five-and-a-half years I have been in a final salary pension scheme. My employers paid an 8% contribution of my annual salary and I paid the other 8%. Two months ago I started a new job and joined a new non contributory money purchase pension scheme. My new employer is paying 12% of my annual salary into the…
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Final Salary or Money Purchase scheme?
Hi all, wonder if someone could offer some advice please. Apologies in advance for such a long first post. Now it seems like a silly question in the title. I know from reading other threads if you're in a final salary scheme then it's best to stick with it. This is the situation. I am 43 and in a final salary defined…
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Ex-Pat pension
I am a UK EX-PAT living in the Cayman Islands. I left the UK 10 years ago and have a deferred pension from my last job....13 years worth...stuck in the UK. I want to get that money working better for me.....what are my options as far as transferring it to an offshore fund?
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lump sum contracted out
I am a 58 year old man and I contracted out of serps in 1987. I stopped working due to illness in 1996. The pension policy is with prudential and is approx £27000. I have asked prudential what my options are and I am able to take 25% in cash and a small pension sum. What I would idealy like to do is take the cash sum and…
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Can I ask a cheeky question re the software IFAs are using please
I have started as a financial controller for an IFA with quite a large client base of small monthly amounts and around 200 clients of larger monthly/initial/trail commissions. They are currently using Excel - but it has its limitations - any recommendations for a software package geared for the industry - or is it easier…
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Cash Payment for Deferred Members
Hi, I would really appreciate any advice on the following. I had a 7 year pension with a past employer whom I left in 2000. This large employer has been taken over by another company and the new owners have set aside a fixed budget offering one off cash payments to deferred members. My current deferred pension is approx…
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Personal Pension Help
Looking for a bit of advice. My DH has just became self employed after working as a bus driver for the past 16 years. He was with the company pension scheme with his work and was paying around £120 per month into it with the company also paying towards it. We would like to keep paying into a pension fund but don't really…
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lump sum payments and tax
my mother is due to retire this month and has paid into a private pension (which has been frozen for past 5 years as she finished work due to serious ill health) she was given the option of taking it at £14 per week or a lump sum which after seeking advice decided to take a lump sum as she was told that this up to £15k…
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Back to work after career break, but don't have a clue where to start with pension
I am in the fortunate position of having managed to find myself an excellent well-paid part-time job having been at home looking after my children for the last 5 years. However, my employer is v.small company and does not have a pension scheme. Before my career break I worked for a big pharmaceutical company called Astra…
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New pension uestion
Hello there, My employer has just launched a new pension scheme with AXA. Apparently my employer will match my contributions up to 5%. The financial advisor (an AXA rep) has said that the risk catagory I put it into can be decided by me. I earn around £27k per year and am almost 23yrs old. Any suggestions or points on…
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NHS pension - worth contributing to additional personal pension also?
Hi, currently working in the NHS and have done so for about last 5 years. Gross annual salary is about £55000. Few years ago I met with a financial advisor from Medical Sickness Society (didn't realise at the time that he was a tied agent!). At that time it was recommended to me that I should open a personal pension plan…
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Legality of Pension Contribution
I wonder if anyone can give me guidance in this. I am a Director of a Limited Company. This is not a husband and wife thing, there are other directors and around 15 other employees. My Salary is 6K PA. My Dividends are £28,800 PA. Its bonus time and I have 25K that I can take any way I want. I want this to be paid into a…
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Personal Pension Fund
Hello I wondering if I can ask for your advice. I have just started a personal pension plan with Scottish Widows my total monthly contribution is currently £270, which includes a contribution from my employer. I am also planning to put about £1,000 per annum of my bonus into the scheme. Currently, I am investing the…
