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Phased Retirement Plan
Could anyone please explain what this is and what my options are. Unfortunately I trusted the IFA when he said it was just the thing for me and sign here please. Incidently I am 62 and hope to retire next year. The policy which is with Scottish equitable is invested in various funds including US, Technology, Small…
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Further pension query
I intend in a couple of years to take my tfc and then use the inc drawdown facility thru my sipp and personal pension (contains protected rights)...but its possible after this has happened that i will need to pass over some of the remaining pot to my ex..if its under 18k (may 2009) will she still be able to take the lot in…
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Which pension
Hello, I am 40 years old and have no private pension. I was wondering which pension I should get. Stakeholder etc. I would like to retire at 60 but that is only a dream. Anyone got a basic layout of the 2 and how they would apply to me at age 40?? Thanks Matthew. Northampton:rotfl:
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Scottish Equitable PPP
I have a PPP with Scottish Equitable. The current fund value was only £9781 on the 6/08/06. At the age of 75, which is 19 years away, the projected yearly pension is only £824 which is hardly worth waiting for assuming I live long enough to collect it. I would like to know if it is possible to claim any of this fund back…
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unable to transfer protected rights?
If I take the 25% TFC from my NU pension plan , and then want to set up income drawdown with the rest, it seems (from what i can see on some threads) that you cannot move the protected rights portion into a Sipp to do this. if you can't move the PR portion what do you do with it?
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Seeking Pension advice for my Mother :)
Hi, my Mum is 59, - she intends to work until she is 65. She will be only getting a reduced pension which is estimated at £49 a week. She is divorced, & living on her own. She now has two options: #1 Take the pension when she is 60 which will also mean she won't then be paying NI, and then save that money. or #2 Opt to…
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Moving a pension overseas???
Hi All, Hopefully there will be some of you who can give me some advice. I have a frozen pension from peugeot. It was frozen last year when peugeot made us all redundant in the uk & I have 18 years worth of contributions invested in it. We are now in the process of emigrating to New Zealand to seek a better quality of life…
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Lump sum at 50 to assist post divorce
I am 48 and have pension CETVs totally around £350,000, £180,000 of which is in a "frozen" defined benefit scheme (benefits increase by RPI or 3% per year), the rest in three different DC schemes one of which is contributed to by myself and my employer. Being recently divorced, I've lost the majority of house equity in the…
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Private pension - is it worth it?
I took out a private pension approx 4 years ago when I was in full time employment on the advice of a colleague. The pension is with Scottish Widows and I have paid in just £20 per month. I have since had to give up work due to long term illness, as you can imagine money can be tight living on benefits and I am wondering…
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what to with an unwanted free standing AVC
I currently have a HSBC free standing AVC with a about £5000 in it, which I no longer contribute to. I have an excellant NHS pension and took out the HSBC AVC after some dodgy advice from a friend. However, I now have no idea what the best option is for the £5000 sitting with HSBC. any suggestions?
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Income drawdown: watch out for ripoff charges
FT report It's even more important than usual to keep charges as low as possible when using drawdown for your pension, as high charges ratchet up the risk dramatically.
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Advice on pension needed for late starter..
Hi, I am leaving it late but here is my predicament. I left the country between 1988 and 1998. I made no payments to the tax man. On my return I wrote and offered to pay anything owed in taxes. I paid for the previous 6 years as the tax man told me he could not see further back than that. I have a very small navy pension,…
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frozen pensions
My husband and I have two frozen pensions, we are unable to contribute to these at present. The transfer value of each is around £2,500. I want to know what I can do with them I know we are unable to cash them in, but could we put them towards a mortgage???
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Company changing my pension... advice
Hi all, The company I work for got bought out a few months ago and they are sorting out the pensions. I was on a 5% non-contributory pension, i.e. the employer paid 5% and I paid nothing. They are now changing this to a Stakeholder scheme where I have to pay 3% in order to get the 5%. If I don't pay 3% I don't get…
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Standard Life Pension
I have a Standard Life Stakeholder Pension left over from my previous employer. Within it the money is invested in Stakeholder Managed Fund. My new employer also contributes to my pension into a Standard Life pension fund (but not the same one or a Stakeholder). This is invested as follows: o Pension Managed One Fund 25%…
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Reduced Nat Ins contributions
My employer has advised me that they propose to reduce our nat ins contributions in order to fund their increased pension scheme contributions. They state that my existing pension benefits will remain and will actually increase my net take home pay. Whilst I have not yet received the full details about this, I am concerned…
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Pension/Trust/What is It About
Hi, I am a beneficiary in a will. The deceased left a pension, but I can't get anyone to tell me anything about it. I have managed to piece together the following, which is next to nothing at all: - The pension was apparently left in trust for someone (no one will tell me who). - The pension has been paid out as a cheque.…
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wheres the bl**dy Pru office?
anyone got a phone number for the Prudential in the UK that will not refer me to Indian call centre please? been round the world in 60 minutes this PM and am bit fed up with it. I live halfway between their offices in Bristol and Reading and can`t find any contact details anywhere even the back door contacts off…
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Please look at my pension fund choices
Hi, Me again. At this point I am going to open a personal pension with Scottish Widows. I am 30 years old. I have a fairly high risk tolerance but I want things to be balanced. I have chosen the following fund allocations for my contributions: Fixed Interest/ bonds: New Star Fixed Interest 7% UK Equity: Fidelity Special…
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Enhanced annuities
If you get an enhanced annuity because of ill health how do they calculate how much extra you get? Is there a table of illnesses that they use?
