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can they take my pension
Hi all I took voluntary redundancy from very stressful work but was hoping to get a part time job. I am going to register with JSA, however, can they stop my superannuation pension if they offered my a job and I did not want that particular type of work?. What makes me ask is that they can stop peoples' benefits if they…
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Cavendish Online
Hi Rather late in the day I plan to start my pension. I have decided to go for a Stakeholder Pension with L& G. Could somebody confirm for me that it would be cheaper to use Cavendish Online, I read about them on here, rather than go direct to L & G online. It's a big decision and I want to make sure I am getting the most…
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Pension sort out - old or new
Hi all I'm getting serious about financing my retirement . I've got two pensions from the past: * A group pension with Standard Life (through an old job) which has about £4K, 0.64% annual charge, no exit fee. About 5% growth invested in Standards, standard funds * A stakeholder with Friends Providence (through an old job)…
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New pension - Waiver of Premium?
Hi, I have started a new job 3 months ago and I am finally getting my pension sorted. The new scheme is with Scottish Equitable and I will be getting employers contribution of 6.5% if I put it 2.5%, which is fine with me. I have another pension from my previous job with Scottish Life and was thinking to keep that one alive…
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Deferred annuity v. Transfer on wind-up?
A company my husband and I (and 300 others) were made redundant by in 1999 is now winding up its pension scheme. We have been given the choice of a deferred annuity with unknown conditions/terms or making a transfer to somewhere of our choice within the next two months. As I have 20 years-worth of contributions (and my…
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Please help!!
Hi I am trying to help my mum sort her private pension out as she will be 60 next month. She has totalled up over £18,000. Because this is above the threshold to withdraw all of it she is only being offered £4,000 lump sum with a number of other confusing options! One of them is to take the £4,000 and then move the…
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Transfer or Defer?
I have recently started a new job, and I'm wondering what to do about my pension provision. My previous employer's scheme was part of the University of London (http://www.saul.org.uk/start.htm) and I have about 2.5 years of qualifying service with them, which, as I understand, means that I'd be able to transfer over both…
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Virgin Pensions
Hello everyone, I have a Virgin stakeholder pension worth about 16k. It dropped 8% in my last statement. I'm 39 years of age. I was wondering whether to transfer my pot to another stakeholder pension, such as Legal and General that might have more funds, less risk?, etc. If I do this is there likley to be penalties? and If…
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Can i cashi in or sell these odd pensions?
Hi. I took out a few pensions many many years ago, stopped paying, forgot about them, opened another and stopped paying and then another. This was 20 years ago when the world revolved around the woman i was with, and the relationships seemed to last a life time (probably in the region of 1-2 years). every year since I get…
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Pension Query
Looking for some advise on a very small pension of my wife, she left an employer on 27/7/1981, the pension was calculated at £316.43p p.a. to be paid at age 60 (26/11/2012) the amount of G.M.P. was £91.00p p.a. to be revalued at 8.5% compound for each complete tax year before normal retirement date. She has just heard from…
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What happens to pension if I die?
Hi All I have a couple of small pensions post set up through past jobs and am in the process of setting up my own pot as my current company doesn't have a pension scheme. What happens to my pension pots if I die before retirement? Will my wife be entitled to the monies when she retires? Do I need to put this in a will?…
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Help, ex CS pension query
Situation is I was on a fix term contract as a Civil Sefvant which was for less than 2 years. A pension was auto taken out of my pay for just under £45 with first monthly pay received in March 07. As i felt should start paying into the pension scheme I left it in there. Now 18 months later fixed term ended which I knew…
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National Insurance and State Pension for Temporary UK residents
Hello, I am a dual citizen UK/Australia who grew up in Australia. I have now been living in the UK for a year and am working full time. My employer has just offered us a new pension scheme. I have read about contracting out of the state pension and putting my money into my employers pension scheme. I am just trying to…
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Consolidating various pensions - what to consider?
I've mentioned this in a previous thread, but need a little more help now... I'm 27 and about to start with a new employer, and as a result open a third pension account with yet another provider. I currently have two pensions, with no payments currently being made into either, from previous jobs: 1. A Legal and General…
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National Mutual
Hiya, I took out a pension with National Mutual Life and stopped paying into it years ago (it was was I was self employed). In a nutshell I basically forgot all about this pension (move house 100 miles away) and forgot to change address (stupid I know). Have now dug up some paperwork and have a policy number etc to get in…
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Would you pay redundancy into a Final Salary pension ?
Hi I`ll try and make this as simple as possible. I`m being made redundant soon and have £62,000 redundancy coming to me. I intend to keep the first £30,000 as thats tax free and put it somewhere relatively safe (BS or Bank ) I`m very fortunate not to have a mortgage now and at age 48 I have a reasonable sized pension which…
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Changing Company
i have recently left my company to start elsewhere and was hoping to keep my pension in my old company's scheme recently i received a letter from the pension administrator saying that i can either take my own contributions as a refund or move the whole pot (including employer contributions) to another pension provider as…
