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New State Pensioner Problems!
Hi, In a few weeks time I hope to draw my State pension at the age of 65. Unfortunately, the Pension service states that I will be 2 qualifying years short to get maximum State Pension but I can top this up with NI contributions at a cost of £660. This must be paid by April 2009 to qualify! My options appear to be: 1. Do…
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Help with the Pru
My FIL has an annuity with the Prudential and it appears that they have been taxing him at 22%. He receives £200 a monthe from it before tax and his only other income is his state pension. So I think he really shouldnt be paying tax. He is 82 and it is causing him a lot of stress so I have been phoning Pru all morning for…
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retirement age
I know they changed the age of retiring, does anyone know the cut of date for retiring at 60 instead of 65, i am sure i have put this on the wrong board . Tisha
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should i remain contracted out or contracted in
with scottish life. I initially had this policy taken out by a company years ago that i used to work for. i do not invest anything in it and have not done so for ages. at the moment believe a little bit more in property investment and just keeping my main national insurance stamps paid regularly until i earn more money.…
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SIPPDeal Extra charges
Hi, I just signed up for sippdeal extra with a selftrade account. So far so good - they are very responsive with email communication. One minor complaint is that their quarterly charge is not pro-rata for your first quarter (presumably your last as well) - meaning that you pay the full quarter's fee whether you join 1-Jan…
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national insurance - please help
not sure if im posting in the right place but here goes. wondered if anyone could help? i was with someone who was self-employed. he had me down as his partner, for tax reasons or something. we split up 3 years ago, and i have recently had a £350 bill for my national insurance contributions. it seems he was paying his own…
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Contributions from my previous employment
About 5 years ago I left my previous employer who I was with for 6 years. During that period I contributed a percentage of my salary and my employer did likewise to a pension providor. I think it's called a purchase pension or something like that. When I started with my new employer a year later, I entered into the same…
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ethical stakeholder pension
I am 50 years old and want to start a stakeholder pension[contributing about £50-£100 a month]. I am tempted to go for an ethical stakeholder but am concerned that the returns could make me significantly worse off. Are these concerns reasonable? Can anyone recommend one?
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Spouses pension advice needed
My dad recently passed away aged 59. He had a couple of private pension funds which are due to pay lump sums to my mum (one £9k, other £6K). One of the pension companys sent a form to notify the HMRC of this. Does this mean she is going to be taxed on the lump sums (is she going to lose 22% of the lump sums)? if so is…
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Merging smaller pension accounts
Hi all, I was wondering if anyone could offer me any advice. Basically, over the years my wife has worked for numerous city banks and has always been in their company pensions schemes. When she has left and moved on, her pensions polices just get frozen. She now has 4 frozen pension policies Her last firm has said she can…
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Art as part of a pension portfolio
Being in the process of moving my existing pensions to a SIPP (thanks for all the posts - very useful) I'm considering my portfolio. I'd like to look at the option of adding some art to the mix and can't find anything up to date on the web in regard to this. Prior to 'A' day people were talking about this option and the…
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Suggesting vendors, services and products
EdInvestor, please quote from and provide the link to a forum rule which prohibits consumers from recommending specific products, services (free or for-fee) or vendors. What would be wrong is for a consumer to blindly promote a specific vendor without consideration of whether that vendor was appropriate and offering a…
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Pension versus Savings question
Hi, sorry to ask a stupid question but according to Martins figures if I save £200 a month for 30 years in a pension my return would be £136,000 (full commission) I've done my own calculation and saving £200 for 30 years in my isa would give me a return of £166,551.55. So the question is why should I put my money in a…
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Advice required on pension / taxes
Hi, I have just started working for a small company (10 employees) which doesn't have any pension plan. I am 23yo and want to start one. I am French, and obviously don't know yet were I am going to retire but I don't plan to go back to France... There are 2 possibilities: - My boss told me that they can hire me as…
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Change to my company pension
Hi can anyone give some advice, the company pension I have is increasing its contributions to make up short fall.The employee has a choice increase by 3% to keep 1/60ths or leave it as it is for 1/80th.I have 30 years left should I increase or invest the 3% into savings,the pension is final salary. Thank you:
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opt-out of serps or back in
I Started A Pruduntial Private Pension In 1988 Aged 21,at The Time I Was Advised To Opt-out Of Serps Which I Did.i Carried On Paying £45-£65 A Month Until About 2 Years Ago When I Froze It.now I Have Received A Letter Advising Me That The Best Thing To Do Is Opt Back In To Serps.i Plan To Retire Early So What Would The…
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AVC added years or money-purchase? - or SIPP?
I'm in a final-salary company pension scheme and am considering buying added years by means of a lump-sum payment. The scheme roughly mimics the civil service scheme as it was before the last set of changes (premium etc.), but it now requires an employee contribution (it's still fully index-linked though). I'm 48, and my…
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Only 10-12 years to retirement and only basic pension. What to do?
I am 54. I plan to retire at 65 (70 if I find that this is possible). Therefore, I have only between 10 and 15 years until retirement. I am self-employed. I will have a full state pension but I have only another £1000 a year on top of this from a teaching pension left over from contributions made at the start of my working…
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Options if you cannot afford a Private pension.?.
Just thinking out loud really but what options do people have if they cannot afford to invest a percentage of their salary into a pension scheme. We (some pals and I) were talking about pensions earlier and it became apparent that I was the only one out of the 4 of us present that actually invests for my retirement.The…
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How can I get money out of pension?
My heart sinks when I see threads with titles like this and they seem to be making up a larger proportion of the threads posted. Isn't it time there was a sticky to make it perfectly clear that once a sum of money has been paid into a pension generally doesn't see the light of day again until retirement or death? Is this…
