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Pensions?
Can someone explain please, as i have often heard on the news when they do the budget. What is the married couples pension . Does a married couple get a pension between them or does everyone get their own. My husband will be 65 in 2012, and i will be 60 in 2011. We have been married nearly 40 years and i have not worked…
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Have I understood this correctly?
I lived, and worked, in New Zealand from 1986 until 2006, with a brief 2 year period in the UK. I worked in the UK from 1983 (when I graduated) to 1986, for a bit under two years between 1995-97 and then returned here in August 2006. I am now 46 (eek) and have very little by way of a pension fund, although for the last…
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Outrageous transfer value
Hi All I have a personal pension with Lincoln that has underperformed significantly for a number of years. I would like to transfer the money I have invested in this pension to a different provider but the transfer values I have been given by Lincoln represent only about half of what my investment is worth if I stay put.…
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Too Late for a Pension
I am 56 in a few weeks time and have a military pension that is not sufficient to sustain us. With that in mind, I am working full time and wonder if it is too late for me to put funds into a pension that will make any difference to my retired life. I do not wish to work beyond 65.
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Police pension
Hi Can anyone answer this please I get a small police pension. If I move to Spain will I still pay tax on this ?
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S2P and Incapacity Benefit
My husband has been on long-term Incapacity Benefit since 2004. The below article seems to say that people like him can be building up some S2P (SERPS). He has worked since 1964 when he was 15, until 2004 when he was 55, with a few years out for university (September 1979 to September 1983). He is already drawing his…
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Living Time Plan
I am considering retiring early next year. I have a SIPP which I was considering doing a "drawdown" on. However I have heard of another option which is this Living Term Plan. Do you consider this to be a good idea? I am also worried that my current SIPP is invested 95% in equity, should I now change to a less high risk…
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Personal Pension tax relief from non UK income
I live in the UK, but work in the ROI. Can I get the same tax relief on my euro ROI income, by directing it into a UK personal pension - i.e. not get taxed on the contributions? Anyone know? Thanks
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Switching Jobs - No Employer Pension Contribution - Advice Sought
I've been reading this great forum for a few days and I'd like to thank this very knowledgeable community for everything I have learned! I am switching jobs next week and there will be no employer pension contributions, so I've been planning my savings strategy. I am a 41 year old higher rate tax payer, and my wife is a 35…
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Nhs Pension-injury Benifit Review????
I have recieve an ill health NHS pension with added injury benifit after being assulted in work.Today got letter saying there has been some anomolies found and my pension is one under review.also says that if they owe me money they will give it but if l have been overpaid they will NOT ask for repayment.tried to phone…
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cavendish online
Hi All, I am currently researching pensions and came across the cavendish online discounted personal pensions. Has anyone taken any of these out? I had been thinking of taking out a scottish widows personal pension. but while it is discounted on this site, it seems to state there are only 23 funds available. i have read…
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Student Pension?
Hello everyone, I am completely new and completely naive when it comes to pensions. I am 21 and a student - currently doing a placement year before finishing my last year at uni. Now that I am earning a bit of money on placement, I thought about starting a pension early. Is this a good idea? Would it be more worthwhile and…
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tax efficient savings for 'top up' pension
Ill try and avoid the life story! but heres a quick explination of where I'm at: I currently have 2 jobs. One with a final salary pension and one with a local government pension. No ISA at present, as I chop and change my money around (I am only young therefore I need my money at hand!) Majority of savings in instant…
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Time to take that pension
:T I’m lucky, my boss says I can take voluntary redundancy and my pension and choose when to go. My question is there a best time of year to take this? My pension people have quoted £77k lump sum and reduced pension of £11k I have redundancy payments on top So is there a good time to maximise take home money?:j
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NI Contributions- discovery for people with more than one job
Just a bit of advice for this minefield called tax and NI! I have just found out that you do not pay NI if you earn under £435.00 NET a month for each sperate emplyment. This was particularly helpful for me, as I have a 2nd job and if you earn more than this you are 'taxed' at the full rate of 11% for the entire amount.…
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Irish Pensions?
Hi! My dear dad was born in 1939 in Southern Ireland. He worked there until for approx 10 yrs until family moved over to Uk in the 1960's. He claims the pension credit with my mum now but i wondered if he is entitled to an irish pension. Any ideas? Thanks
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OVERTIME PAY with salary scarifice
i have a salary sacrifice pension. should my overtime be paid at my gross income or at income less sacrifice. if its the latter where does the excess go-is the firm making off my o/t??
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Tax on pension at 50
I’m due to receive a pension at 50 and was wondering how I will be affected by tax. I am working and will continue to work when I get the pension so am I right that the pension will be added to my wages with the total amount being what the tax man will look at. The total will then attract 40% for the amount above £34,600.…
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We own a ltd business, best way to do our Pension
Hi, me and the wife own a Ltd business, we pay ourselves a wage upto the tax limit, the rest is taken as dividends for tax reasons. We are starting up our pensions and will be paying in a set amount each month. However I just wanted to know if there are any pros or cons from having the ltd business pay some into our…
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Starting to look into pensions...can anyone help?
Hi! :wave: A newbie here! I'm 26 years old and am looking into getting a pension. However, I don't know where to start! I've got an ISA, though. I actually arranged an appointment to see an financial adviser in Barclays. It seems, looking back on these threads, that this isn't the right way to go for pensions advice. My…
