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Mum and dad trying to work out their state pension
Hi all, My mum and dad read an article in yesterday's Daily Mail. In the last paragraph of the article, it stated that a woman, with a husband over 65, could claim 60% of the figure he recieves as a state pension. Is this correct? My dad currently claims £760 pcm and my mum a mere £231 pcm in terms of state pensions. They…
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Why Selftrade SIPP?
I have a personal pension with Sun Alliance (now Resolution), which performed poorly this year so I'm looking at transfering the fund (worth about 18k) into a SIPP. I have a stock and shares ISA with Selftrade and have been investing in ETFs (iShares) and would like to do the same for this pension fund (I have other…
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Any decent stake holder pensions out there?
Hi, I'm 35 and self employed and have never had a pension. I have decided this is the year I HAVE to start.. I'm interested in a stake holder pension but am struggling to compare one with another, does anyone know whether the Which guide is whether paying for? Is there any comparison site available..Any help would be…
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Pension guarantee
Was looking at the annual pension summary that the Prudential send out annually and when I started the pension in 1987 it states clearly that my pension was guaranteed to be paid for ten years, This has never appeared again on any annual summary until this years in which it now only guarantees the pension will be paid for…
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pension refund??
Does anyone know if i can reclaim a pension when its frozen even when they say i can't get it till im of pensionable age?
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Pension Charges: What is reasonable?
Hi All, The company I work for is currently setting up access to pensions for employees. I was given my illustration by the IFA and was wondering about the charges. It is a non-stakeholder plan. It has an initial fee (taken out of the first years payments) which is paid to the IFA and then an on going management charge. It…
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Pension fund shortfall
Hello I was sent a notification,that the Norwich Union ,10 years ago had incorrectlly allocated me units in a catergory of investment that ,I had not authorized. They now want me to repay ,£2500,for there mistake,or they will remove this amount from my pension fund.if I do not give my permission As this was there error…
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Is this too good to be true?
Hi, Regretfuly I am going through a divorce. I am likely to have around £200k at the end. My intention was to go out and buy a flat/small house for about £150k and then get a small mortgage for about £50k. I am looking for a short term 5 year mortgage as this is when i plan to stop working. I had all this thought out and…
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80 year olds still taxed?
My dad, god bless 'im, seems to be paying a lot of tax. As he is of the generation that 'puts up with it' I'm trying to find out stuff, before we go to a tax consultant or IFA. He has several pensions, including state, and downsized his house so has, say, at least £50k in the bank. Clearly I want him to spend his money to…
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Brit moving to Canada need pension advice
I'm emmigrating to Canada. and wondered if I need to consider paying NI so I get a Brit Pension or not ? I don't plan to come back to the Uk, But wondered if I need to consider anything. I have been working for 20 years and paying NI during that time any help guys thanks
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Redundant Winterthur Pension - any advice, please?
I stopped paying into my 'Rainbowplus' (former Colonial Mutual) Winterthur pension some years ago and started up a Health Service linked Standard Life stakeholder. I note from the recent statement that the 'bid value' has increased by 9.5% over the last year to £10344. The 'transfer value' likewise has increased to stand…
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Leaving a final sal pension <2yrs
I'm hoping to leave work soon and my qualifying service will probably be around 1 1/2 years. My scheme says I can transfer the benefits into a new pension within 3 months, does this mean the FULL benefits - i.e. an offer which will include a calculation of their contribution as well as what I have paid towards it?…
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pension - less than 2k or 2 years contributions.
Hello, my understanding of pensions has always been that there is absolutely nothing you can do to get money out of a pension unless you are 50+, but recently I was told that it is possible to get money out of pension (even if you are below 50) if: that pension has less than 2k in contributions, or that pension has less…
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Moving my German Pension to UK - my options
Long story short, I am 28. I worked in Germany between July 2002 and November 2006. During that time, I had contributory pension scheme and that pension is now worth in excess of €30,000. I found out I can get that cash. I am making plans to have it moved here so I can invest it over here. I am already thinking through my…
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Bankruptcy and Pensions
In 1992 I went bankrupt and was discharged in 1995. In May 2007 I became a pensioner and in January 2007 2 pension companies contacted me and asked what I wanted to do with my pension. I completed the questionnaires - one asked me whether I had ever been bankrupt and I advised them accordingly. I also contacted the…
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Bankruptcy and Pensions
In 1992 I went bankrupt and was discharged in 1995. In May 2007 I became a pensioner and in January 2007 2 pension companies contacted me and asked what I wanted to do with my pension. I completed the questionnaires - one asked me whether I had ever been bankrupt and I advised them accordingly. I also contacted the…
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Extra payment into pension
What are the rules covering a cash payment, used to to top up pension. Is it topped up by the tax man etc. Thank you.
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In Need Of Some Pension Information
I am in a company Pension scheme and I got a yearly statement through the post. Now on the statement it reads Employees Contribution 0% Employers Contribution 10% AVCs 1.4% My problem is I pay in 3% from my wage which is deducted from my pay and shows on my payslip yet I have 0% contributions. I phoned the Pension company…
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Take higher lump sum and less pension???
I'm about to recieve my index linked final salary pension from a previous employer at the age of 50. I have two options to consider. £29118 lump sum and £9706 annual pension or £55427 lump sum and £8314 annual pension. I'm tempted to take the first amount, but I have spoken to two people who have taken the higher figure on…
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Equity Release
Dear Martin Please can you help? I have terminal cancer and would like to release some of the value of my house. I want to stay here until i die, but to have some cash would be helpful. I am sorted pension credit wise disabled (fully) and in receipt of the maximum benefit. My house is worth approx £120.000 owe approx…
