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Transfer or Cash in - What's best?
Dear All, I have recently transferred with my current company from the UK to Switzerland. I am an EU national who worked 8+ years in the UK. I have two pension schemes, one with my current employer (which I hope to transfer to Switzerland) and a different one with a previous employer. It is this one that I am interested…
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one-off payment through Cavendish
Hi, I took out a stakeholder pension last year with Standard Life, through Cavendish (as advised on MSE). I paid a one-off £2800 into it, plus my £25 fee to Cavendish. I would now like to pay another one-off of £2800 into my Standard Life Pension for this current year. Do i go through Cavendish again & pay them another…
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1980's Mis-sold Opt out of Serps
Hi Back in the 80's I opted out of SERPS...had a company phone me recently saying that it was mis-sold and wanting claim my money back at a cost of 4K Is there an easy way I can do this myself, without the ridiculous cost Got any template letters..? Many thanks Lewbop
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Tax free Lump sum investment
:confused: I wonder if any one can solve the following problem please? I had a relatively modest private pension arrangement . Having retired, I have managed get the cash out of the scheme. I am entitled take 25 per cent of that as a tax-free lump sum and will reinvest the balance in a SIPP. I was informed by a financial…
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Defer State Pension ?
I've been reading previous posts on here but they all seem a bit different to my case, so I need some advice please ! I can defer my state pension of £67 a week (not enough contributions) but is it best to do this ? I'm divorced and I'll be 60 later on this year, I'll receive a company pension of £5500 (also a lump sum of…
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Local Government Pension Scheme
Is anyone else a member of this? There are a lot of changes being discussed at the moment including ending the '85 year rule' which throws all my plans into disarray! Not sure if I'm reading the bumph right but it seems that my circumstances mean that I will have to pay increased contributions, will have to work till I'm…
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Pension credits etc
I took my state pension as a single person at the age of 60 and continued to work part time until now, 5 years later. However, my partner (opp sex) who hasn't worked for umpteen years, nor claimed any benefits but worked on the house, got lung cancer last year and is so depressed and scared that I think I must retire to be…
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Lump sum pension.
Hi there, I have two small private pensions with different companies that added together are just over £16.000. My retirement date is August 2007. I wanted to take these 2 small pensions as full lump sum payments under the new 2006 rules. But as of April 2007 THE CUT OFF POINT IS £16,000 and AS OF APRIL 2008 THE CUT OFF…
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long-term planning - pension pot/retirement income ratio
Hi folks. I'm 28, and I'm planning roughly how much should be saving for my retirement. I've seen the rules-of-thumb like "divide your age by two and that's the annual percentage to save", but I'm building models to project my pension savings growth, so I can get a better estimate of how much I need to save tailored to my…
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What info do i need from my pension co?
I am about to call my pension people and would appreciate some help on what to ask. I want a spread of how my funds/pension has performed over the last few years and how they project it to perform, andpossibly compare this to their/the markets other funds. I also want to know any fee's for moving it now, and the 'trade in…
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Tax and asset types in pensions and ISAs
There was a passing reference to this in the great pension vs ISA debate, but it's a slightly separate question so I thought I'd start a new thread. The question is, if you're going to use both a personal pension of some kind and ISAs for your retirement planning, and have a mix of assets (e.g. cash, equity funds, bond…
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Pension Concern
I'm currently paid an early retirement pension by a former employer which I took when I was made redundant over 2 years ago. As it no longer covers my outgoings I have accepted a part time job offer from a competitor of my former employer. I would be seen as a direct competitor to my former employers business. Is my…
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How much will my Mum get?
Hello all, I have to admit to knowing very little about pensions - so my apologies in advance. My Mum is 60 in April 08. She is currently on incapacity benefit. She will not have paid in enough credits for a full state pension. Does anyone know what will happen when she hits 60? What will happen to her benefits? If she…
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New firefighter's pension for retained firefighters- transferring stakeholder pension
Hi, My OH has been a retained firefighter for the past 11 years and has never been eligible to join the fire brigade pension. They have now received information that they can join the NFPS which is a final salary scheme, contributions of 8.5% with employer contributing 14.2%. They can backdate membership to April 2006 but…
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30 - what to do with my pension?
Hi all, I'm frequently on this site but this is my first venture onto the pensions board. I think I'm quite clued up with my finances, but pensions is the one thing I've never really understood fully so I'm looking for advice or comments on my situation please?:rolleyes: From May 1999 to Jan 2006 I paid into a group…
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Pensions down 75% in 10 years
Guardian Consultants Watson Wyatt said its figures show that someone retiring now with a personal pension could be more than 75% worse off than someone paying the same contributions each month but retiring 10 years ago.Lower returns on investments mean that pension pots after saving for 20 years are less than half the…
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tivial pension worthwhile ?
Im 54 and self-employed. The only pension I will receive will be from the state. If I take out a private pension e.g. a stakeholder, before April, is there a limit to how much I could invest this tax year (to avoid paying income tax)? I earn about 16k a year. I am leaving the U.K. in October so I will not earn enough from…
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Lapsed Personal Pension Advice needed
I was made redundant at the end of 2005 and a few months later stopped paying into my personal pension plan with CIS. Foolishly I didn't investigate this fully and didn't realise I only had 12 months to reiinstate and then would have to pay all missed payments. I now have only a month left to reinstate the policy. I am…
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Pension - transfer from Natwest Life to Standard Life
I would like to transfer a Natwest Life pension fund to Standard Life. Natwest Life seems very inflexible in comparison to Standard Life and their historical fund performance isn't as good. Is it an easy process? Is it possible to do it without talking to financial adviser (so can I do it via their website & the post…
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Pension - transfer from Natwest Life to Standard Life
I would like to transfer a Natwest Life pension fund to Standard Life. Natwest Life seems very inflexible in comparison to Standard Life and their historical fund performance isn't as good. Is it an easy process? Is it possible to do it without talking to financial adviser (so can I do it via their website & the post…
