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Higher rate tax relief and AVCs
Thank you for reading: My income with profit from rental income is over the basic rate tax band for 07/08. I'm considering buying added years from my Final Salary Pension scheme. My understanding is that the basic rate tax band will be increased by the amount of the grossed up basic net contribution which will reduce my…
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AVC help!
Hi, I wonder if anyone is able to help me with this little problem. I paid a small amount into a occupationally linked AVC, about £100 a month with Scottish Widows. I have stopped contributions since the tax band went from 22 to 20 %. The fund has a value of 10K approx. I am a 35 yr old woman who will also get an…
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Frozen Pension Advise- Pre 1988 GMP Dynamic
Hi Can anybody give me any advise for a friend. He had a company pension which started in 1978 - 1988 which was frozen when the company went into liquidation. The pension was with the works company and Provident Mutual. No statements or letters have been sent to him for years. He had to use the Internet to trace this…
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Transfer of Pension Rights to NHS Pension Scheme?
Wondered if anyone can offer any advise as I'm a bit confused I have a personal pension with Standard Life (current value 8181.47) which a previous employer contributed to. I have started a new job in the NHS and have joined the NHS pension scheme. I inquired about transferring my personal pension to the NHS scheme,…
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The UK has a similar problem...
http://money.cnn.com/2008/06/02/pf/retirement/vallejo.moneymag/index.htm?cnn=yes
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too late?
I am 48 and " looking forward "to receiving the state pension at 66. I have 30 years NI behind me, but no other type of pension. My ISA's have been filled for the past 4 years and I have £35,000 saved elsewhere and no mortgage. Is it worth me taking out a pension plan now, as I'm only earning £8,000 a year? went to a local…
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pensions
I was told recently that when you left your firm for a new job that you could take your pension contribution along with a fair percentageof the employers contribution. The reasoning behind this being that the pension is part of your wages and is therefore yours. Can anybody confirm this?
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Care home fees?
House prices are continuing to fall. Many local authorities (and families) rely on the sale of peoples homes to cover the costs of care in later life. How will the present level of fees be met by the falling equity from future house sales?
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Protected Rights Investment Account - options ?
My wife has a Protected Rights Investment Account with Norwich Union. I'm unfamiliar with this matter and would appreciate some advice. Does this arise from cntracting out of the Second State pension ? Are the contributions coming from her NI deductions ? What are her options ?
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Sips for Canadians?
I left the Uk in 1997 and have a pension fund in a uk based insurance company worth 60 k. Am I able to transfer this to a sip even though I am resident in Canada? Also, if this is possible can i use part of this fund to buy commercial properety in canada?
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NHS pension scheme...AVCs...are they worth it?
Hi everyone. I'm 35 now and have been paying into NHS scheme for 3 years although I've worked for NHS a lot longer and just put the pension thing off. What a FOOL!! Anyway to make up for some of the years I hadn't been contributing I am paying into AVCs and pay £32 /month (£25 difference at the end of the day in my wages).…
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i want my money!!!
I paid into a pension fund with an old employer, and have £1800 just sat there doing nothing. i don't earn emough with my current company to have a pension with them and could really do with an influx of cash. anyone know how i can get my hands on my money??? step by step instructions please!!!
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starting a pension
I have just accepted my first job, and now need to let them know what % of my salary I want going in to my pension. They'll match up to 5%, so am i right in thinking that's the most sensible % to choose to put in? I can't go any higher as I'm only going to be earning £22k, and need to cover rent etc. Would it be possible…
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Pension statement
Hi, I just received my pension statement from Virgin stakeholder and they tell me its down 8% due to the unit price dropping. I have around £20K inversted, but was very disappointed to see the latest results. I am 39 years of age and wondering whether I should transfer the pension, or start saving in an ISA or keep going…
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Starting a pension
I am 26, earning £30,500 gross, and I have no pension (or savings - buying a house last year saw to that). I know I should be putting money away, however, I have no idea where to start. My employer offers a basic stakeholder pension, but no contribution if I pay in. Where would be a good place to invest my money and how…
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Sterling ISA 4.75% charge
I've just read a previous thread about the higher charges that IFA's can charge with the Sterling/ Zurich ISA's. I started one of these about 3 years ago and want to withdraw my funds now (see my other thread below). I seem to remember signing someting to say I had to stay with the ISA for at least 4 years, otherwise I…
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What funds should I choose?
I've got a meeting with my financial advisor tomorrow and want a bit of info before I go so that I at least have some clue as to what to do. I'm a higher rate taxpayer and have a stakeholder pension, a full cash ISA, and a stock and share ISA. I've had these for aout 3 years now, and the pension and stakeholder pension…
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Scottish widows pension?
About 15 years ago I needed a commercial mortgage and Barclays advised a pension linked one with Scottish widows. Thankfully about 10 years ago I realised that it would not meet the final repayment and changed the mortgage to a repayment but I kept the pension scheme going. Now when I took it out they advised to split it…
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How Much to Save?
Hi All, I'm hoping someone with some knowledge on calculating pension funds and annuities can help me out a bit. I'm currently 25, have a pension fund around £13k and contribute around £350 per month (my contributions plus employers plus contracted out). What I'd like to do is build up a pension pot as quickly as possible…
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pension contributions and tax credits
hi there hope someone can help! i put in a renewal for tax credits, and can deduct any pension contributions my husband pays (gross) from our annual income, out of my husbands bank goes £248.99 every month. this totals £2987.88 per annum. i posted on another thread a question about whether this was a gross figure, as that…
