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Deferred Pension
I was made redundant last year and I therefore have a deferred pension with 18-years service. I am now working for a new company and have started a new pension with them. The good thing about my deferred pension is that I can draw it from age 50 onwards, which is something I may consider as a good option is 5-years time.…
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Scottish Widows - Personal Pension Income Drawdown Plan
My first time .. so not sure if this is posted in the right place! Within 18 months both my Father and Mother have passed away ... whilst sorting out their financial paperwork came across a Scottish Widows Personal Pension Income Drawdown Plan. Spoke to my Brother about this and he said he was with Dad when it was sold it…
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Nat Insurance Deficiency
The number you have to ring is 01912182550 to see if you are eligible. I did so on behave of my wife, and I was told that she had only 5 years paid contributions, and as she is 67, she has not got enough working years left to benefit. In fact she is 1 year short of being eligible to make up the other 5 years, even though…
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Too late for a personal pension?
Advice needed! I am 56 years old and have been paying into a company pension for 2 years. I pay in £35 pm and the company tops this up. The pensions company have also taken over a pp that I had frozen which I had payed in £3000. My question is that the forcasted returns on this plan look very minimal indeed and I wonder if…
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Army Pensions On Divorce
Hi, just wondering if anyone out there can help me out with info regarding what happens with an army pension on divorce ? I was married to a soldier for 16 years and have 3 beautiful children from the marriage ages 17,15,and 10. My ex husband was medically discharged from the army and receives a monthly pension of £200…
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Being put in a home then told to sell your house to pay for it
My parents worked all their lives to pay for their house and get support when they retired. However after being on a pension for a few years my father had a heart attack and my mother started to suffer from memory loss and mental problems. They were getting home help and were under the impression that this would be given…
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Inflation is over 10%..what will your pension buy ?
True inflation (UK) is over 10%. For most pensioners 10% is probably conservative, as food and energy bills are the bulk of most pensioners spend. I don’t think they buy a plasma TV every week ! The RPI is a joke. The concept of a one size inflation figure fits all is ill conceived, excluding the fact that it is changed…
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Yet another should I join this scheme thread..
Hi all, Confused and in need of help. Situation is as follows. I am 29 and high rate tax payer currently holding a £32k pot with standard life, I contribute fully to equity ISA every year so that's not an option here. I am moving from a company which matches my contribution to pension with standard life to 5% which has…
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confused! two pensions are not allowed?
got a bit of a problem. been remortgaging, spoke to an advisor and pensions came up. i've had a private one for 16 years which basically is c**p! been in a new job for 2 and a half years with a really good pension scheme. i'm in this as well, the advisor told me you can't do this and to transfer it onto my works pension or…
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Confused
Hi there I don't understand pensions. I am 36 I paid into a final salary scheme for 6 years between 97-2003. I believe that means I will get 6/60ths of my final salary when i left that company index linked. Now the question is while paying into this scheme i opted out of serps. Now i've no idea what that means and does it…
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They wont let me have my pension!!
Hi I hope someone can help me with this. My partner has an old pension with a company he worked for years ago, (2k) which we could really use right now. But the pension company who have it have told him he can no longer withdraw the money as its over 2 years old. It was paid into by himself and his company. They've said he…
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Is Legal and General a Good Pensions Provider
I have a couple of personal pensions already which have been started over the last 10 years, however due to the Northern Rock situation have decided it is not a good idea to have 'all my eggs in one basket' - or two in this case. So I was considering starting a new Stakeholder Pension with Legal and General. Is this a good…
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Best pension for a late starter?
Hi - I'm new to this site, so apologies if you have answered this question a million times already (just hard to find a relevant thread!). I'm 37 years old (female) and have not been very good with money in the past, however I now earn a good wage and really, really need to sort out a pension for later life. Sometimes I…
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Pension Transfer Value Help
Over the last 7 years I have paid in £13k into a final salary scheme (matched by my employer) I've requested a transfer value and undertstand this can be effected by a number of variables! Anyone have any ideas of a formula/advice to work out what the transfer value may be?
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AVC's as lump sum?
I have three Avc's from a previous employment that are sitting doing nothing and every statement seems to show they are slowly losing money. I am 58 and still employed full time. 1, Can I take these Avc's as a lump sum so I can make them work by re-investment? 2, Can I take them as a pension? 3, Can't I touch them until I…
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Over 50s insurance
I need some advice. Due to health conditions I am not going to get insured through the standard routes, and I want to top up existing insurance. I have been thinking of an over 50 (no medical required) insurance. I understand that they are life only (no return unless I die) - But which is the best one to go for. Is there…
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business property in pension fund or not?
i recenty added 110k onto my mortgate and bought a property that i now rent out as offices. I get about 12k a year in rent. i am thinking about putting this into my pension so that the rental income is received tax free. however, i am undecided - do not know if i like the idea of it been locked away until retirement - and…
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Take full pension or 25% tax free lump sum/reduced pension?
Is there any advantage in taking out the lump sum and having reduced pension rather than full pension? If going for lump sum presumably for reinvestment then what options?
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Does a pension stop if you are in hospital longer than 6 weeks?
A friend of mine has heard that as her husband is in hospital at the moment his pension may be stopped after 6 weeks. Is this true? I read somewhere that it would be reduced after 52 weeks but cannot find where i saw that information. It looks like he may be in for around 6-8 weeks so any information would be great so i…
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Old Pension, what can i do with it
Hi, Just looking for some advice. Wifey took out a pension years ago, paid some money into but didnt use it once she started a proper job and received a work pension. we just got the statement and dont know what our options are There are 2x Parts Non Protected - that has around 3k in it - not a large amount but would come…
