-
Govt U Turn on protected rights in SIPPs
It is reported now that the Govt will not allow SIPPs to hold protected rights from next April. It was widely expected that they would but that no longer looks the case. So, it looks like fund supermarket pensions/hybrid SIPPs will be the main option for those that want unit trust funds for their protected rights. Of…
-
Work medical retirement or dismissal uncertainty
Really not sure if this is the right place for this but here goes. My niece has now been off work over three months. Last year she had medical problems which resulted in two operations. Afterwards she developed depression which her doctor is prescribing drugs for. She is still suffering from depression. Obviously her…
-
Pension For Spouse From AVC's?
I have been paying into an AVC with Standard Life from my salary to boost my Civil Service pension for when I retire. However, if I was to die first my wife would have very little income and does not have a pension of her own. Is it possible to carry on paying into the AVC but transfer all benefits to my wife so that she…
-
Second State Pension ????
Hi - my wife is in the process of hopefully being compensated after being advised to opt out of her NHS pension (she's a nurse) - We have now received a letter asking if she would like to opt back into the Second State Pension - I had assumed as the NHS pension is pretty good that this would be all she/we (with my NHS…
-
Have you ever had a Standard Life product?
If you've ever had a product with Standard Life, it's possible you're eligible for shares from its demutualisation last year. Over 200,000 policyholders have failed to come forward to collect their entitlement to 90 million shares worth £272 million. It's worth checking, you could be missing out on thousands (or a deceased…
-
South African pension
Hi I have, or will have very shortly, a pension from a fund that I contributed to when I lived in South Africa. (returned to live in the UK 1997) I have been asked by the pension fund managers to open a South African blocked Rand account with my bankers here in the UK. Does anybody have experience of this and does anybody…
-
Lump sum
My wife is about to receive a county council pension,it is ill health retirement,and she has an option in addition to the £20,000 lump sum and £6800 per annum,she could also take an additional lump sum ,for every pound she gives up ,she would receive twelve ,for example give up £2000 a year and receive £24000. I would…
-
How Much To Pay Into Pension Plan?
Hi, My other half has a pension plan from a former employment with standard life, current value £600. He isn't paying into a pension now and is not eligible for his current company pension plan for another 18 months. As he has just turned 30, he needs to start making a contribution to this plan, my question is how do we…
-
Is Stakeholder Pension best option for a 37 year-old?
Advice needed please... I'm 37 and think I've left it a little late regards starting a pension, but I had big debts to pay off first. I opted out of Serps about 18 years ago, and set up an pension for the refunds to go into. However, I never made any additional contributions. A few years ago the pension provider opted me…
-
Should I stop my NI conts?
Hi I am currently working overseas, in Canada, for a year or two. Before I left, my employer (I'm still with the same employer as they operate worldwide) set up my NI conts to continue (I pay monthly via cheque which they process in the UK) and I don't pay Canadian social security payments. Based on the UK NI conts Vs…
-
Reducing time - affect on final salary pension
I'm female, 63, and my final salary pension scheme allows me to retire now, if I so wanted. I would like to stay working for another couple of years, however I would like to reduce my time to a four-day week. The scheme which I've been contributing to for the last 19 years, bases the term 'final pensionable salary' on the…
-
advise please!
Hi there, I am 28 years old and have not as of yet started a pension. I do realise the importance but up until now was not in a position to contribute as I was busy saving for house/wedding etc. My employers allow me to contribute up to £100 a month which they would match. Should I do this or save deposit for buy to let?…
-
The mechanics of reclaiming higher rate tax
In preparation for the forthcoming end of the tax year I thought I would see what my year end position is likely to be. Total salary & BIK £43,350 Pension deductions from net pay £2595 So if I gross up my pension payments by 100/78 then the amount of my pension contributions is £3327. That leaves my "taxable" income as…
-
Where to start with pensions
Hi, I'm 23 and have been working for a year upon graduating, I have been contributing the full amount in ISA's for 3 years now and have some more cash to invest other than £250 a month - approximately another £80. For a couple of months I have been contributing this £80 as part of a pension just by dumping it in a high…
-
Keep pension or put extra into mortgage??
I'm currently in a company stake holder pension scheme. I put about £100 a month into it and the company matches this. Would I be better off stopping paying into the scheme and pay an extra £100 off my mortgage every month?? If I could pay off my mortgage early, I could put more money into a pension at a later date. £100 a…
-
Army pension questions
I joined the army in 1963 at 16 left 1973 aged 26 left as a corpral what pension am I entitled to and when can i draw it?
-
Lots of pensions
My wife and I have 7 different pensions between us.2 are old company pensions,3 frozen pensions and 2 active pensions.Some have a few thousand in them some have 10s of thousands invested.With 7 years to go before we use them I wondered what would be the best way forward.Thanks in advance.
-
AVC advice please
I have been reading these posts for sometime but still haven't come to grips with pensions, if anyone can put me straight that would be great. I am in a final salary company pension scheme but would like to make additional payments on top of this. The scheme itself does not allow me to add any extra payments to increase…
-
What can I do...?
Many year ago, I was sold a pension through a freind on my employer, who I no longer work for... My parents asked the chap selling me the pension key questions such as "could the pension be used to help with a mortgage etc", they where told yes, it know turns out that this is not the case... Can anything be done, as the…
-
New EU Directive Affecting Company Pensions
THEN: In 1993 I was advised by an independent financial advisor to join a personal pension plan when I should have been advised to join my companies occupational scheme. At this time, I was unable to transfer into the company plan due to their plan rules. Having realised I had been wrongly advised, I successfully sought…
