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Delaying pension contributions
I'm a higher rate tax paper but can't join the company pension scheme for another 2 years. Can I save my income now, invest it in my brokerage account, and then when I do become eligible, then put this in my pension fund and still claim full tax relief (subject to contribution < income/215k..)? Or shouuld I just open some…
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New job / New pension scheme
Hi all, I am changing job after paying a year into a good local council pension scheme. The new job does not offer any pension and I have been told that if I transfer the money into a private pension I loose quite a bit of money. I am alien to the whole pension issue and need some good advice on whether I should transfer…
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Fund risk categories
How can I found out, easily, what the risk 'category' is of individual investment funds that I have selected for my personal pension. Specifically I am looking for the 'risk' of the J P Morgan Natural Resouces (A) fund. I have tried Citywire and it does not make the risk obvious. Thanks.
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Newbie looking for basic info/advice
Hi everyone I'm a newbie and currently lurking round the debtfree wannabe boards...with a debt free date of September 2008. I'm trying to think long term about my finances and pensions just confuse the life out of me. I've read some threads on this board but don't really seem to understand...:confused: At the moment I have…
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Advice needed re Final Salary Closure
My employer wants to buy everybody out of our company final salary scheme because it is only 64% funded at the moment. About 3 years ago the scheme was frozen and no further payments in were allowed. We have been given 4 options: 1) Keep money in final salary scheme, but this is a huge financial burden to the company which…
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How do I calculate roughly the income on a lump sum if invested?
My mother is selling her house and downshifting. She is in the classic position of having a huge asset and no income - she gets only about £130 per week pension. (IE about £6,700 p.a.). She doesn't know what her budget should be for her next house because she doesn't know what lump sum she needs to invest to get a decent…
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SIPP tax question
Can someone clear this one up for me. If the maximum investment that attracts tax relief this year is £225,000. Does that mean I contribute £225K and the govt adds £100K in tax relief or: Does it mean that I contribute £135K and the govt contributes £90K in tax relief?
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triviality pension
Hi I am 56 yr old femal. I have a pension with a total avalue of less than £15000, do I need to be 60yrs old to qualify for the triviality rules
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Transferring personal pension to SIPP
Hi, I'm considering transferring about half of my personal pension plan into a SIPP (looking at Hargreaves Lansdown), and just wondered if there was anything I need to consider about this which I may have overlooked. Current pension value is about 50k with Norwich Union, the majority invested in their own in-house funds…
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need to sort myself out, advice needed.
i took out a private pension with the TSB when i was 22 (now 31) but have not paid into it for many years. i also have a pension with an old company which they set up and again not paid any in for 3 years since leaving. across the 2 schemes is only about £10,500 the question is what is the best thing for me to do, my…
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Best place to put lump sum. short term?
I will be retiring from my job on my 50th birthday in September.:j I will actually be away on a pre booked holiday at that time. Can anyone advise me where to stash the lump some ( about £109000 ) for short term AND be able to get at it easily, quickly, and without loss. Then on my return from hols I can start to look at…
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Transfering private pension to Local Government fund ???
I am thinking of applying for a part time technician position at a local school. The hrs would be 17.5 per week with a salary of approx £7,000. The application pack states that I will be eligible to join the local government pension scheme. Whether I apply or not will depend on whether I can transfer my private pension…
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Whats best? Additional pension
Im 28 and paying into a railway pension for the last 5 years. My current statement says if i die now my next of kin will recieve £70000 and when i retire i should be entitled to roughly £7000 yearly pension.(Providing i keep paying into it until then). I missed out on a scheme called brass where they doubled what you put…
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Military Pensions calculator
There have been a few threads about military personnel querying their pensions. Here is a pensions calculator (there are also some links should you have any queries) http://83.138.137.164:8080/WizAFPS75.aspx
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RAF pension
Hiya soon to leave RAF after 7 years to begin new work at BAE systems, Was planning to transfer my RAF pension into my BAE systems Pension is this a good move? Ta
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paid up pension charge
I have just been looking into a pension that was paid up many years ago with Scottish Life ( following the tip in Martins E mail on de mutualisation ) anyway when this policy was made paid up I was told that I could just stop making payments and then it would be made paid up and carry on running till retirement without…
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Best investment for retirement
My OH is 55 and hoping to retire at 60. He has a pension from previous employer of about 20K per annum. Current employment earns £34K pa so some of his earning are taxed at 40%. He's on the standard tax code. We have about £200/£300 per month to invest. Anybody advise should he go for AVC's, :confused: ISA or any other…
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Pension offer spreadsheet anywhere?
A friend of mine has had to retire after a heart attack. he has been made 2 offers from his employer regarding his pension. he can have a a large lump sum and small pension or vice versa. I wondered if anyone has knowledge of maybe an Excel spreadsheet where we could put in the variable offer amounts and calculate which…
