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help me unravel husband's shambolic retirement
I'm trying to clean up the mess of my new husband's finances after 10 years with a 'financial guy' he met via a cold call. It is not pretty. My husband's entire retirement (not counting his school pension; he's a teacher) is in two 403B plans that enjoy a rate of return of less than 2%. :mad: About 30K all told (after 18…
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Equalisation Form & Pensions
Hi all, I'm after a bit of advice from someone who knows more about pensions than I do... basically, I have two pensions running one I don't pay into anymore from a previous job and one which is current (with my current employer.) The old one, with Standard Life, says that they will not complete and equalisation form, so I…
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Any ideas please!!
Ok some one i know has just reached state pension age and has been told that she is not gonna get a state pension. :eek: The reason is because she has not paid enough NI. She has spoken to the pension service and they said that if she pays some thing like £1500-£1600 she will be able to claim £20 a week. She has only paid…
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Tracing pension
A few years back a brother-in-law died.He worked for a bus company,took a break for a number of years and returned.The company changed hands a couple of times.We are very uncertain about dates and names of these companies.Any thoughts please on tracing it?
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Wills and Marriage
I recently got married can someone please tell me if my will made several years ago (ie before marriage) is now obsolete whilst we are in the process of making new wills in the mean time if either of us die would the my wife or vice versa inherite all of the estate? I thought I heard somewhere that on marriage prior wills…
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State pension +3.9%
... to 90.70 Plus all the other new rates and allowances from next April. Age allowance 9,030, clawback level up to 21,800. http://www.hm-treasury.gov.uk/newsroom_and_speeches/press/2007/press_109_07.cfm
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Taking pension to Oz?
Hello there Myself and my husband are emigrating to South Australia in the new year. We are both Paramedics with the Scottish Ambulance Service and have pensions with them. My husband will be working in Oz as a Paramedic but they cannot accept our pension transfer. We are wondering if anyone has any experience of this. If…
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Pension or Property?
Currently I pay a few hundred pounds into a private pension fund. However I still have an outstanding mortgage. Would it be better to stop my pension payments and use the money to pay off my mortgage before resuming my pension payments? I'm just seeking others opinions on this, and no that ultimately the decision is mine.…
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pension advice for ex pat please
don't know where to start with this one but hopefully someone wise will be able to help. my dad has lived in holland since 1974 and is recently retired. For a start he doesn't know what his british NI no. is so how would we go about finding out. He then needs to find out whether he would get any state pension from the uk…
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State Pension - HRP
Hey all, I have a quick query regarding the state pension (and as the pension service computers are down until next year and the site doesn't answer my question I have decided to turn to you knowledgeable people) Under the old pension rules HRP was given to women who looked after children under 12, and they received a…
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Pension schemes
Does any one know if you are able to claim monies in an old pension scheme before you reach the 'retirement' age of 65? I have some monies in an old work scheme that would be really useful right now. Any thoughts/help would be gratefully received.
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Closing a works pension-please help
I was working for Motorola for 5 years in which time i contributed to a company pension.When i was made redundant i was told that anyone who had paid into it for more than 2 years could not have their money out but could only transfer it to another pension.My question is,is there any way of getting my money out? as its…
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old pension
Hello everyone, new user and first post. could anyone help? I work for a major PLC and joined before they had an in house pension, therefore I opted to pay into the scottish widdows scheme the company was affliated to. Then in 96 the company started thier own fund which i now pay into. Scottish widdows sent me a statement…
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Putting the UK pension system in context?
I don't want to start a slagging debate between Edinvestor and dunstonh here but as a matter of curiosity - and to put it into context - is the UK the only country to actually have 'compulsory annuitization' (CompAnn) rules? The examples of non-state tier pensions I have seen include Australia:…
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State Pensions
My understanding of the Pension Act 2007 is limited, so can someone confirm my assumptions are correct? I am 38 and have worked full time for 21 years, and therefore have paid 21 years of NI contributions. I understand that I will be able to claim a full state pension at the age of 67 - assuming that I pay another 9 years…
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UK State Pension Emigrating to Australia
A Friend currently has their UK state pension paid into a UK bank account and will continue to do so until they die. They are considering moving abroad to either Spain or Australia, I undersand that if they move to OZ their pension should be frozen at the rate when they leave with no further increases for inflation. How…
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Pension at the age of 33?
Hello! We are currently working in London on a 'Work Permit' visa. Which means we are allowed to work as employees and are subjected to UK Taxes. Also, we are not allowed access to any Public Funds (benefits, etc). My husband has been working as an employee from Nov 2006 [in 30% Tax bracket], but did not know that he is…
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Increase Pension Payments?
I paid off my mortgage off a few months ago and promised myself I would save some of the money I used to use for the mortgage. I am 45 have a Group Personal Pension Plan with L&G (value only £40000 at the moment). My regular contribution (including employers contribution) is £320 per month. I have £300 to spare. Are there…
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quoted £150 for a will. What do moneysavers get
charged on alterations they make to their will? i am being told that if one does codicit - annexes or amendments can be done on a regular basis. thanks in advance.
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Flat Rate v Escalating Rate for Annuity?
I have a sum of money, currently with Scottish Widows, which was the 'SERPS equivalent' part of a company pension scheme. I am due to claim this soon and buy an annuity. It stands at £37,200 at the moment and after taking the 25% cash part I have been quoted either £1425 increasing at 3% per year or £2042 flat rate. Both…
