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Lump sum advice.
Hello there, on the 6th of May 07 I took early retirement on medical grounds. Today, I received figures from my company pension . I have been given the following options A: pension of £9961 without a lump sum B: pension of £7247 lump sum of £48315 available. I am 48yrs old today - my medical condition is not life…
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Stick or transfer
At the moment i have a very modest with profits personal pension with the Royal National Pension Fund for Nurses, which is now managed by Liverpool Victoria. I contribute £78 per month, and the fund has a transfer value of aprox. £15k. I am 53 years old and having read all the bad publicity recently, with regard to with…
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Day of retirement
My husband will be 65 on 21st August and will retire then. Is he expected to work on the 21st, or will that be his first day of retirement?
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Is equity release really a last resort?
My husband and I have no children and no dependants and have no-one we want to leave our money to -such as it is! We are considering taking out equity release on our house to give us more money in retirement. I have been researching the options and every web page or article I read always says, that equity release should a…
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ISA or AVC question Please
I have a Final Salary pension. I am looking towards retiring in 5 to 7 years @ 56 years old. If I pay into IVC's, I will be able to take out all of the money I put in (Will not be 25% of pot). I am a basic rate taxpayer (The small portion that would be 40% is paid into IVC'S) I do not know how the IVC pot grows? Am I…
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Transfer LGPS to private pension or not?
I have 10 years service in the local government and have been paying into their pension for 10 years. We were transferred to a private firm who have got admitted body status for the pension but I have been offered one of their contracts (more money) which would mean going onto their T&C's which means going onto their…
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Book needed
I'm looking at sorting my long-term finances myself and need some books to help. I have 3 frozen pensions from previous employers but none at the moment, have a 20 year old will that needs changing, and 2 children to cater for when I die. I know there's a wealth of information on this site but would like to read into it…
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Pensions advice needed!
Hi all Im currently working for a building society and am enrolled in the smart pensions scheme, which is currently taking 5% of my salary. I have also been adding another 2.5% AVC's into a Fidelity plan, which I intend to increase to 5% starting this month. I have forgotten (oops) which of the funds I opted for initially…
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Company Pension
Apologies if this is a stupid question. My mother is about to change jobs and is weighing up the pro's and con's of her new company's pension scheme. I'm a bit lost when it comes to pensions so was hoping I could get some advice. She currently has her own private pension with Prudential, which she pays £45 approx into per…
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FSA : Contracting out mi-sales not found
The FSA have completed the two year review on contracted out and have reported that there is no evidence of widespread mis-selling and that only 120,000 people contracted out outside of the pivotal ages (thats the usual ages where it was best to contract out). It will not be asking companies to investigate those 120,000 as…
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I need a pension
Hello, Can anyone tell me where I can get good unbiased advice on pensions? I dont know anything about pensions and my new employer does not offer any pension and I need to act now. thanks BB
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25% lump -what happens to the rest?
I have approx £150k with NU in a balanced managed fund, which I don't contribute to, as my company pension is topped up well by my employer. I am confused about what happens if I take the 25% in 2009 when I will be 50, can I just leave the rest in the fund to carry on growing, or do I have to take it out, and if I do what…
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Entitlement to bereavement allowance?
My friend is 50, married, and working part time (low income). They have a 13 year old son. Her husband is 65 and draws the basic state retirement pension. Unfortunately he has terminal cancer, and is not expected to live for more than a few weeks. He is desperately worried that his state pension is going to 'die with him'…
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S2P v Company Pension
Am I correct in thinking that as things stand at the moment, if someone is on a low wage (c.20 hours pw at just over minimum wage) it is not usually worth their while joining an opted-out Company Pension scheme because they will be better off with S2P? I'm afraid I know no details of the scheme other than it is not a final…
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Advice please FSAVC & SIPPS & transferring
Hi, Sorry if this is already covered. I have had an FSAVC with the Co-op since 1991, which was converted to fully paid up in 2002. I have heard that FSAVC's were not a fantastic scheme,( don't know if anyone could comment on that), and I keep receiving Hargreaves and Lansdown post offering SIPPs, which state that I can…
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Looking for a New Pension
I'm looking to start a new pension. I've spent a while looking around the web for information and think I will probably go down the Stakeholder/PPP route using cavendish. I did look into the H&L Sipp but think this is probably not what I require, I'm just looking for Funds rather than individual shares, so if I can find a…
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endowment policy
I have a double five endowment policy which matured on the 1st of may 2007, it is with the CIS (Co-0p) and I have paid £ 110 per month for 10 years, they very rarely contacted me, last year I asked them for a estimated maturity value which they sent me at £17,400.00 to £ £18,000,00 which I thought was about right on what…
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Advice on the 25% drawdown option ... please
Hi sorry if this has been asked before but there's just far too much here for a newbie to look through. I'll be 50 (aaargh!) later this year and have a personal pension with Legal and General that has a fund of around 13,000. Is everyone entitled to drawdown 50% of their pension fund under new pension rules? My original…
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Advice on savings/pensionetc
Hi, In a nutshell my partner and I retire next year (her),and 2011 (me) and we have the following debts, savings and pensions. Debts ==== No Debt - £200 on Credit cards paid off every month No Mortgage - own house worth say £450,000 Savings ===== ISA's Cash and Shares - £140,000 Premium Bonds - £60,000 Savings in interest…
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Company pension (contribution-matching) vs ISA
Hi all, I realise there are tax implications post-retirement to having a large amount in a pension scheme, vs nice-and-simple ISA money. I have tried to read around this on these forums and have at least a basic grasp maybe! My new job's pension scheme is - I can contribute up to 6%, they will match it and add another 3%.…
