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query re my pension
I have a very quick pension question - my first post on this board so please be gentle :-) I pay into my work pension, £120 a month. It's a good pension and I've been paying into it approx 10 years. I'm a bit strapped for cash at the moment, been using credit card too much, decorating etc etc. Living beyond my means…
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AVC advice - please
Please can someone advice me - I have contributed to 2 AVCs with Lincoln Insurance for over 10 years, one I contribute £81 a month, the other £26 a month. I am 45 years old & currently having a break from work after taking a redundancy package & looking at options to “tighten my belt”, so too extend my break. What options…
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Need help tracing an old Pension Scheme
Hi My dad used to work for this firm many years ago (between 1972 to 1979). He then left due to ill health. My dad informs me he used to contribute to a Pension Scheme and as he's now coming onto retirement age - he would like to know who to contact. The things is this firm has been bought by at least 3 different companies…
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No pension.
I'm 29 and my current employer doesn't offer any sort of pension scheme. The boss has been saying he will sort it out for over a year now. I paid into a different pension in each of my three previous jobs and they are all currently frozen. Two questions: does my employer have to offer a pension scheme? If not, should I…
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pensions
I opted out of Serps in 1990-1995 with a private pension - I was then opted out with company pensions from 1995 - 2004 - from 2004 I have been opted back into Serps.A company has contacted me to say I may be entitled to compensation for the time I was opted out of Serps (14 years) as I was mis-advised. Anyone been…
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Stakeholder vs personal and questions about funds
Hi I’m looking to start a pension investing £200 pm with a view to increasing this in the future or finding other means to financially secure my retirement. My view on risk is medium to high. I don’t want the worry of constantly monitoring my pension’s performance and I was fairly set on getting a stakeholder pension, but…
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Transferring Personal Pension to NHS scheme
Hi all, My circumstances are: 50 yrs old next May (Stop that laughter!) Work in the NHS in Band 7 post. Specialist post so fairly secure. Currently only have Standard Life Personal Pension with 54K transfer value If i join the NHS scheme and can transfer my PP funds can i use them to buy extra years? Or do i have to pay…
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Pension complaints - what sort of things are considered higher risk of complaint
I thought I would post the following as it gives an indication of the sorts of transactions that are going through as upheld complaints or are subject to more complaints than is considered usual. We get given this information to allow us to be pro-active in making sure we dont make the same mistakes. i.e. know where the…
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early retirement - safety for funds
I'll be 57 next year and am planning to take early retirement. I won't have any pension income until I'm 60 and am planning to live on my savings and maybe do some low paid part time work to help out until they start to kick in. I am married and between us our savings are split in building society cash, cash ISA's and…
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SIPP provider
There is a SIPP provider which is much cheaper than the ones quoted on this website. Alliance Trust Savings (owned by Alliance Trust) runs a SIPP with no entry or annual fees and only tiny transaction fees. Apart from having to own 1 Alliance Trust share there is a huge choice of investments. Transactions are by post phone…
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pension
Hi i read in martins money tips(10/10/07) that women in there 60's can get a full pension if they have not paid in enough by paying a few hundred pounds to pension people, but you don't actually pay it they take it outta the back pay. Well reason i am querying this is does anybody know if my mother,now 70 can apply for…
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Limited Company, Personal Pension contributions - help!
Hi My hubbie has a personal pension but has not paid into it for some time. He and I are directors of our Limited Company. He draws a small salary with the remainder being drawn as dividends. He has received his corporation tax bill for the trading period July 2006 to June 2007. Is it possible to pay some money into his…
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is my deferred pension underperforming??
hi there, firstly, do i have the correct terminology? i call my 1st pension to which i no longer contribute, and no longer work for the company, deferred. when i left the company 6.5 years ago it was a final salary scheme. anyway, as a matter of curiosity, i had a transfer vauation on 25.11.05 of £18,246. then another one…
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consolidating pensions
over the past 30 yrs my husband has had several different job so has 4 pensions that he doesnt pay into now 3 are company pensions 1 private plus his currant company pension that he does contribute too would it better to seek advice and do something with them? thanks
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DLA, ICB and company pension query
Hi, First venture on to this this site so 1st, thanks in advance for any advice, and secondly apologies for any repeat of well answered queries:beer: I'm 54, shortly 55 years old. I've had a terrible year health wise and am now unlikely to be able to continue in the type of job I've held with my present, (only) company for…
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How do I get my money out of an old pension?
I used to have a previous pension with an old job. I now have a new and better pension with my current job. I do not wish to add the funds from the old one to the new. Is there anyway that I can get the money out of the old one. It was recently sold via some section 32 bulk buyout plan and is now with another company not…
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Buying contributions
I will be 60 in January and at the present time on Invalidity and will be till my birthday. Since 1983 till now I have paid or been credited with contributions, Since 1963 - 1969 I paid full contributions, but in 1969 I had my daughter and during that time till 1983 I either paid no contributions or the married woman's…
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Civil service Nuvos pension
I've recently joined the civil service and am a bit confused about whether to take the Stakeholder pension or the Nuvos fixed contribution pension scheme. I'm 30 so the employers contributions seem to be higher for Nuvos with me only paying 3.5%, however I don't fully understand how it works. I'm also on a 12 months…
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Brown's £500 NI/tax grab and pensions
With Gordon browns latest grab at taxes with this sneaky little move http://news.uk.msn.com/Article.aspx?cp-documentid=6454483 An extra £500 tax (in the disguise of NI contributions). Would this make it worthwhile to opt out of NI payments(which I believe you can do) and invest them for myself? I'm just sick of funding yet…
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Newcomer Stakeholder Pension Question
Hi, I'm a few months into my new job and I'm soon to begin my pension for the first time. The company offers a stakeholder pension scheme, however does not offer any sort of top up to the pot. Whenever I mention this to anyone, they keep saying something along the lines of if there is a minimum number of employees the…
