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womens pensions
I have heard mixed info. reg.married womens state pension. Having left school in the 50s, starting work paying full NHI, up to having my children at age about 25. returning to work about 5 yrs.later paying married women contributions. I now receive £52.00 per wk. which is 60% of my husbands Pension. I have heard that it is…
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Grateful for any help
Hi, very new to this forum thing so beg pardon if I commit a faux pas! Would like some advice around Income tax. My husband retired from the Police Force in june 2006 with a full pension which is taxed using his personal allowance. He subsequently commenced work in August 2006 via an agency and used the firm JSA managed…
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Frozen Pension Advice
Have frozen pension in local gov. sceme. 13 years contributions, left 3 years ago. Am 54 only work part time and in no scheme now. Should I leave it there till I retire?
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Inland Revenue & 65 age registration
A few years ago, I'm sure I heard on a radio programme (probably one of the Money-boxes) that pensioners coming up to 65 should inform the inland revenue of the fact about a year in advance. Naturally I paid very little attention to this then but, here I am knocking 64 and my memory started giving little jabs. Does anyone…
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IFA changed our pension scheme and raked in a fresh load of commission
Hi I joined our company pension scheme about six years ago. About three years in, the IFA started nagging the (then) Chief Executive to transfer the scheme to another provider. Smelling a rat, he refused for a long time, but eventually the transfer did take place. For me and others in the scheme, we had one simple question…
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What is my best pension option?
I am a 23 year old earning 33,500 a year with guaranteed 4,500 in a bonus. I have decided that now is a good time to start investing in my pension. I receive a company contribution of 5% on top of the 1.5% i will contribute to my pension. I am Irish and plan to move back there in 5 years time. So i have 2 pension…
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dad just died at 59 mom is 60 with pension of £20 per week!!! please help
my father died a few weeks ago at the age of 59 after 40+ years of paying full national insurance contributions and working 10hrs a day my mom turned 60 in july and because she has looked after the kids has hardly worked and only gets a pension of £20 per week he had small personal pension wish they have just cashed in a…
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IFA or Accountant
Here's the thing. Leaving my currrent job with pension lump sum of approx £40,000 (tax free) and pension of £9000 pa. Starting new job on £33,000 pa. Here's the question. In order to find the best place for my money and generally keep me on the right side of the tax man :mad: who is more up to the job - an IFA or an…
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SIPPS and Drawdown v Annuity..my view
SIPPs are transparent. With a SIPP I make the investment decisions. I can see all the fees. If I make a bad investment ..it's down to me. If I make a good investment decision I win...and just me. If the SIPP fees go up unreasonably, I can move the SIPP to another provider immediately...easily. I can, at the click of a…
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SIPPS and Drawdown v Annuity..my view
SIPPs are transparent. With a SIPP I make the investment decisions. I can see all the fees. If I make a bad investment ..it's down to me. If I make a good investment decision I win...and just me. If the SIPP fees go up unreasonably, I can move the SIPP to another provider immediately...easily. I can, at the click of a…
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Are you a woman over 60 who doesn’t get a state pension? Get £1000s back
What's this about? A parliamentary question by a Lib Dem MP has shown that many women in their 60s are unnecessarily missing out on the state pension. To get a pension you need to have paid national insurance for 10 years of your working life; around 750,000 women are believed to be very near, but just under, this…
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Civil Service Pension v SIPP
Hi, I’m 37 years old and have a preserved ‘Classic’ Civil Service Pension fund of approximately £20000 and an additional £1500 held by Windsor Life. Would I be completely foolish to consider transferring the bulk of these amounts to a low cost eSIPP given on one hand the uncertain long term future of Civil Service pensions…
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wheres best to transfer protected rights ?
Hi all, just transfered pension to a Hargreaves Lansdown SIPP. The protected rights part can not be put in the SIPP and has to go to a private pension. They mention using Scottish Widows which only seems to have a small selection of funds to choose from, does anyone have any advice of who else there is to consider using…
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Wanted - Framework for thinking about a SIPP question
I am currently being advised by my IFA to combine three of my insured personal pension funds into one SIPP. There is an initial charge of £200 from the SIPP administrator and an initial fee of 2% (apprx £2,000) for the transfer work and setting up the investment portfolio within the pension . I am advised that: ... "likely…
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Mums Pension Is Zero - Yikes!!!
Hi All, My mum turns sixty in the next two years and I ve contacted the pension team who have confirmed in writing that she is entitled to nothing. She has eight children and has never worked, always being a house wife. My dad is still alive and will be getting a pension but they were actually talking about seperating soon…
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Final Salary Closed Pension Transfer
Hi, I am trying to emigrate to Australia, and it is generally recommended that you move your pension there within 6 months to avoid a nasty chunk of tax. However, I have always been under the impression ( can't find paperwork to back this up ) that if I were to transfer out of the Final Salary pension (now closed up) that…
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Construction Pension???
Im 16 and had a few letters through saying my employer is making contributions to a pension for me. Anyone know about this perticular pension for construction? And how much % of my wages should i put in?
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elderly aunt wants to give us some money
Hi, An elderly aunt (90yrs old) has considered the possibility that she may have to go into a care home, we/she has read horror stories of people being ripped off when entering these homes and she would like to share out some of her money NOW before there is any talk of her going into a home, she is currently in sheltered…
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Cash or Extra Pension
Just had a pension quote and considering the options of pension or reduced pension plus cash. Given my age (58) the offer is; A full pension at 65 of £10,090. Or An immediate pension of £6,700. Or A maximum cash sum of £32,517. Plus an immediate (reduced) pension of £4886. The big question is which of the latter two offers…
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Home Responsibilties Protection
Hi I phoned the Pension Services to see if this HRP had been added to my pension. I had 2 children 1965 and 1967, and I have only just found that I could qualify for this. I have been told as I paid the small married womens stamp for approx 3 months in 1979 I havent qualified. That is the only time that I worked between…
