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Company Pension Scheme Winding-Up (Do i lose protected rights element?)
Help please A few years ago I was the member of a company pension scheme. The company was bought out 4 or 5 years ago and the scheme is now being wound-up. One of the options offered is to "take my fund value as a winding up lump sum". I understand that 75% of the fund value is subject to my marginal rate of tax. The fund…
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The commutation question
I'm getting a redundancy option with an immediate pension. I'm 51 and intend getting another job in a few months. I'm a higher rate taxpayer. I will get a pension of £32,000 or I can have a reduced pension of approx £24,000 and a tax free lump sum of £160,000. I also have options to augment the pension by using the amount…
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Pension Funds - Sanity Check
I have a Skandia personal pension where i can choose the funds and switch them around all online, very convenient. I have 2 property funds and a financial one which haven't been very kind to me over the last 6 months or so, i'm thinking to ditch them and invest in less volatile funds for the next year or two, things only…
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Stakeholder Pensions and the Stock Market
I have a Civil Service pension that will give me a small income in retirement, but now that I'm self-employed I decided I needed to take the plunge and supplement it with a private pension. To give you a bit of background, I have an absolute aversion to risk taking. I hate the idea of locking money away with the risk that…
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Can I transfer my Skandia Pension to SIPP
I am frustrated about the fees and charges being applied to my Skandia PP5 pension. Is there a way of transfering the fund into a SIPP?
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Hello ?
I posted my very first question after regestering on to this site earlier tonight 8.39pm and am surprised to get ZERO responses based on all other hots and responses people have got. Can anyone tel me briefly what I did wrong please... Thanks
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Retirement Advice
Dear Money Experts! My husband has just turned 60 and has a 16K p.a index linked pension with circa 80K lumpsum. He can draw this now but I'm only 52 with a pension only at 60 - he's a smoke, good health - I'm non smoker good health. We both have worked since 16 ( no child or "dole" breaks) and savings of circa 100K in…
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A naive pension question
Having only ever been in Company pension schemes, I've been asked a question by my son (who at last is thinking about the future), that I cannot answer. I know that contributing into a pension scheme is tax advantageous ..... but how, mechanically, does the tax saving take place?
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Opted Out Of Serps In 1980's-help
I'm sure there must be a thread on here about this, I'd really appreciate if someone could point me in the right direction please. Yesterday I had one of those 'cold call' phone calls asking if we'd claimed back any charges on exeeding our limit on credit cards etc. Almost put phone down, then they asked if anyone in the…
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LGPS - additional pension v. lump sum
I have retired with an LGPS pension and an AVC fund of £35,000. I am offered an additional pension from this fund of £2,200pa (index linked, half pension for surviving spouse). Does taking the fund as a lump sum beat this?
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Commutation of Army Pension - Is it worth it?
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Got some pension figures and I`m confused please can anyone helfp?
Hi, I have received some quotes for my Abbey National pension (I left Abbey 14 years ago) I am now 50!! thats scary and have quotes to take now, in 2016 and 2018. Was pleasantly surprised as I thought it would be pence!! I am confused (whichis nothing new at my age) and was wondering if anyone can help with these figures:…
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How long does an NHS Pension contribution refund take?
Hi, my daughter has recently moved from her job in the NHS and has requested a refund of her NHS pension contributions. Does anybody have any idea how long this would take:confused: . She was in the pension for approximately 15 months. Thanks in advance. Carol
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Freezing NHS pension contributions
I have contributed to my NHS pension for the last 15 years since I was 18 (apart from a 2 year break when I worked abroad). I am just wondering if it is possible to opt out or freeze contributions for any length of time and opt back in again at a later date? Many thanks.
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Teachers' Pensions and moving abroad
My husband and I are both teachers in the Teachers' Pensions Scheme and we are moving abroad to teach for a few years. We want to continue our pension contributions and pay extra if possible as there will be no employer contributions there. However, we have been told by TP that we will not be able to continue…
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Best Interest rate on a SIPP
I am current with Sipponline and have been with some time. I have never got round to investing much of the money and a very tidy sum (circa £200k) is sitting there in cash which attracts only 4%. Given the current market turmoil I am too scared to invest in stocks. The best alternative I can see is a switch to James hay…
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Good Personal Pension?
Hi, I know there is lots of info. all about me on pensions but I wonder if I can ask a simple question that someone may be willing to answer? I don't think I understand investments enough, or have time enough to manage my own funds so just want a good personal pension I can pay monthly into (Probably quite low at present…
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Help Needed on using pension fund as an investment
I am a young professional, with a fairly large amount of disposable income. My goal over the next year is to come up with a deposit on a house and get a mortgage in around 12 month time. I am however paying an awful lot of tax - around £3k last month. - And was wondering if there is any tax efficient way to do this. I was…
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Self Employed Contributions to SIPP
I understand that I can contribute up to 100% of my PAYE income to a SIPP. Can I also contribute self-employment earnings (i.e. non-PAYE earnings)? How about rental income? Any advice much appreciated. Cheers, Paul.
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taking pension early or not
Hi - I'm being made redundant this year and as part of the package I've been offered the chance to take my pension. I'm 57 and have worked for my employer for 30 years so my redundancy pay quite good. Am concerned though about getting another job and I was thinking that if I take my pension early I wouldn't be under as…
