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Advice needed on Local Government Pension v Stakeholder
Hi All, About 4 years ago my father took out a stakeholder pension as he had already had his fingers already badly burnt in a private company pension when all the funds disappeared when the company went bust. However, my father works for local government. Should he have chosen this pension scheme rather than the…
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Stake holder pension enquiry
I am 58.5 male who took voluntary severance in Dec 06. I started self-employment in Jan 07. Pensions Pension 1 Reduced fixed salary pension of £500 monthly approx after tax Pension 2 Royal Sun Alliance (Phoenix) – FVAC – Oct 2006 value £31574.51. Retirement benefit quotation Oct 2006 £29762.75 Investments (joint) Mini…
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Add to Pension or buy to let?
I am a 45 year old with two personal pensions but like most people I need to raise my contributions, question is is this the best way forward or is buy to let a better option? I live in east anglia.
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Should I transfer my pensions to New Zealand?
I am 30 years old and have been living in the UK for 5 years. I'm moving back to New Zealand this year (leaving in July). I have two UK pensions - one occupational one from a job that I left a year ago and a stakeholder pension which I am still paying into. I have been struggling to get any advice about this. No one wants…
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opt in or out please help
i am 44 yrs old and have been making pension contribution payments for 20yrs but have recently frozen all payments due to their under prerforming, should i still be opted out of serps or not? please help!
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A few pension questions
I have just received my annual Personal Pension statement for Scottish Equitable. It gives the current value of my PP and also the transfer value which is slightly less. No where does it say that the AMC has been deducted, should this be clear or is it calculated within the value of each fund and not visible? A further…
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I have £600 in FS AVC'S with ex-employer, Help Please?
I have £600 in FS AVC'S with ex-employer. These are with Standard Life. I left the company 7 years ago. I also have a final salary scheme (20 years worth) with this employer. I am now 50 years old. I also have a Final Salary scheme with my current employer as well as a small amount of IVC'S. These are in the company…
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April 5th 1960
That date was 1 week before I appeared on this mortal coil - so I understand my retirement options have changed. So I'm now 47 and run my own business. When I was 25 I started a personal pension with legal and general which now has something like £250k value, and I'm still paying in £115 per month. By the time I retire my…
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Pension rules
My wife, who works for a big bank is considering retiring at the age of 50 which is in 3+ plus years in Jan 2011. She will have completed 30 years with the company in June 2010. We have been told that because of new government rules she may not be able to take her pension until the age of 55. Can anyone throw light on…
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Confused Please HELP.....
have just found that i have 2 pensions, 1 is growing due to a company takeover and the other is just sitting there and got left behind!!!! I've called both of them and i have been told that i can not touch or move them until i'm 55 (thats in 30 years!!!) Is this true and is there anywhy in which i can cash them in early??…
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Must I use an IFA?
The IFA who set up my pension fund has sold his business and his database of clients to someone I do not know from Adam and with whom I have had no contact. I object to being sold in this way, I have no confidence in the financial services industry anyway and wish to deal directly with the pension company but they have…
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Stakeholder Pension 'V' ISA- Please advise!
Any advice greatly appreciated! I'm 27 years old and have been paying into a Scottish Widows Stakeholder Pension for 2 and a half years. I would like to know if I'd be better off paying into an ISA. Here are some details. I pay £1800 per year at present. I'm a basic rate taxpayer. I'm self-employed I pay a 0.8% management…
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SIPP - big adviser pay days
Its seems many advisers are cashing in on this SIPP thing. It is possible to place in to the SIPP shares, which may be in the form of preference share in a company developing foreign property. I am not questionning whether the investment can make money or whether it is appropriate for a sipp holder. More importantly, I do…
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Lifestyling - Norwich Union
Does anyone have any experience, advice, tips, etc. about the NU pension "Lifestyling" option where investments are moved to less risky funds - but with likely lower returns - as retirement age approaches? Is it a good bet - or not? Any and all comments will be appreciated.
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pensions a.v.c;s
high folks, im new to the forum so hi. could anybody give me some advice on A.V.C'S. i work for a WATER CO.,for the las 15 years i have been paying 3% salary into avc's as well as company pension.there has been several transfers from company to company during this time i lost 20% when equitable life went t!!! up.i had…
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Pension - Taxable Income Rules ??
Could somebody answer a very basic question for me please - Do taxable capital gains qualify as taxable income in terms of the annual contribution limit for pension contributions ? As an example :- A higher rate tax payer with a salary of £40k with a capital gain recieved in the year of £50k. Is the upper pension…
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The NPSS in danger of becoming 'stillborn'?
The report says that the NAPF thinks the government are in danger of doing a 'Peter O'Hanrahahanrahan' by including employers already offering contributions in the scope of the NPSS (aka 'personal accounts') and should only apply PAs to firms that have never contributed anything. It strikes me as an entirely sensible…
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Stakeholder or SIPP wrapper for index fund
I apologise if this has been asked before. I have stakeholder pension with Virgin Money, invested 100% in a FTSE All Share tracker. This stakeholder has an annual charge of 1%. I could transfer this money to a Hargreave Landsdown SIPP invested 100% in a FTSE All Share tracker. THe SIPP would have no annual charge and the…
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Lgps
Hi Does any body know if the LGPS is a good pension scheme. The University I work at are offering it, you pay 6% of your salary and they contribute 11.6%. Thanks.
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Mutual Societies
I'm thinking about setting up a small stakeholder pension. I really fancy getting a Standard Life pension, because they offer lots of funds and easy transfers. Looking at past performance then most the funds have performed quite well. Basically, are there any mutual societies left that offer pensions along the same lines…
