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Annuity in advance or in arrears?
Hello, I have a question regarding annuity payments. Sadly my husband passed away recently and his annuities stopped with his death. Can anyone explain to me the difference between a pension company paying an annuity in advance or in arrears? What turned out to be the final annuity payment was deposited in our bank on the…
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Pension planning and removal of lower rate tax band
What changes need to be made to planning now that the 10% tax band has been removed? From http://news.bbc.co.uk/1/hi/business/6474079.stm : (emphasis mine) Now I've seen numerous posts on here (usually in the Pension vs ISA questions) in the past indicating that you should make provision for a pension income of around £10K…
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Standard Life AVC's
I'm currently paying Company AVC's to S.L. Can anyone tell me at what age can I start to receive the pension (if that's the correct term) from S.L.? Can I still be working, or will I have to wait until my main company pension is paid to me? Thanks.
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Pensions Mis-selling
Some years ago, my partner was sold a private pension plan when she should have been advised to join the company scheme instead. Can she claim for mis-selling (I was in a similar situation in the mid 90's) or has there been a "deadline" which has now passed? Thanks.
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Lump sum rules
Lump sum rules............I have already taken a lump sum from my company pension, can i take another lump sum from my personal pension? If so is it subject to a reduction because i took a lump sum from the other pension? cheers
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Had been contibuting but not for last 5 years.
Hi I dont know if you can help. The Bad News: I need to get some advice about pensions as I havent paid anything in for the last 5 years. Im 38 (almost 39) I have previously paid into a pension scheme. dont have the amounts to hand. Company Pension- Final Salary age 21 to 32 (11 Years) Computer Mail order company- Private…
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annuity advice
I have set hargreaves and lansdown off trying to find me the best annuity to buy with my personnel pension, not sure if i should also get another company to do the same in parallel, say the annuity bureua, or just leave it with H & L.
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Pensions advise
Although I have been at the same company for 40 years, due to change of ownership I have 2 deferred final salary schemes. My age is 55 and I could currently claim the 2 pensions and receive £34k lump sum and £5.2k / year pension. I am still in full time employment and dont expect to retire until 65 if my circumstances…
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Pension Charges - will stakeholder be cheaper?
I have pension pot worth around £17K with Natwest Life and I invest around £75 per month. I have just phoned Natwest and the say I am charged around £3 per month, but apparently there is no annual management charge. (so around 4% of the amount invested per month). I am thinking about moving the pot of money to Standard…
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AVC or stakeholder?
My wife, who is in a superannuation scheme,was wondering whether to renew her AVC contributions she took out with the Pru or take out a stakeholder pension or , opt for another share ISA instead. Like so many she lost total confidence in pensions because of poor annual returns so stopped paying into her scheme but wonders…
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No savings at all!
Can anyone help. I earn between £7,000 (after deductions) and £12,000 a year. (usually the lower sum) Last year I had to pay £3,000 in tax plus more for advance installments. I am now 56 years old. I have no savings of my own at all. I live alone in a house which costs me about £1,000 a year in utilities. It is a good…
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SIPP, Hybrid SIPP, Personal or Stakeholder Pension?
No longer wish to disclose personal information.
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Property pension fund
Hi does any one know of a sipp or stakeholder where i can invest 100% in commercial property. I want to do this before the end of this tax year. So far found most companies will only allow a small percentage or that i must consult with an IFA first. Many thanks
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Incapacity Benefits
When you are on long term IB & DLA , what happens when you reach pensionable age? and what if you have a shortfall in your Insurance contributions, and your forecast is a lot lower than your IB? Help needed
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Transfering an old pension
Hi, I have just started a stakeholder pension. I previously held an occupational pension with my old employer but have not paid into this now for well over a year. I am wondering if I should transfer this into my current stakeholder or leave it where it is for now. Can anyone advised me of the pros and cons of doing this?…
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Pension investment choice?
Hi, My DH has a personal pension with Scottishlife that he took out about 8 years ago. We left the UK 4 years ago and have not paid any contributions since. It can be transferred but regular contributions are no longer allowed. Currently it has about £5700 in it. He is 38 and does not plan on retiring early; no illusions…
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State Pension to bank- weekly?
At present OH and I get our State Reirement Pension paid to our banks monthly in arrears. I belive we can now get it paid to the banks weekly in advance. If true, how do we go about getting the change made, please? is there a dorm we can pick up or download perhaps? Apologies if this had been asked before.
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Pension Investment - Help please!!
Can anyone help me please. Just starting a new job and I have a choice of contribution investments. I am a low/medium risk taker, so any help would be really appreciated.... Russell Investment Group:- Global Equity Global Equity (lifestyle Option) UK Equity Sterling Bond Sterling Corporate Bond Cash Morley Property:-…
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IHT...again
I was discussing the subject of wills with my daughter today and she asked me something I could not answer. One of her friends has been given monies/investments by her father who is terminally ill. I told my daughter that these gifts would be taxable as her friend's Dad has made them quite recently. My daughter wanted to…
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Father in Law told he has lost his guaranteed annuity payment
Scottish Widows was selected 30 years ago as a pension fund provider. Over that period of time a fund has accrued for retirement however my father in law has been told that his pension will reduce from £13,939pa to £8,646pa as he did not inform them by his official retirement date of the 1st December 2006 what form of…
