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Pension vs house deposit?!
I've just started a new job and have begun to pay in to a local government pension scheme (this will be my 4th year of paying into pension schemes, both teaching and local government). Given that I will be wanting to get onto the property ladder in the next couple of years years would it make more sense to withdraw from…
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army pensions
hi all, i thought i would write and see what responses i get to this item. basically i left the forces in 2001 with 1/2 pension, however before i left there was an independent audit done (which i cant any info about) but basically the brunt of it was that, 60% yes 60% of ex servicemen/women do not actually live to pension…
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Leaving job - stakeholder pension options
Hi, I'm leaving a job where both myself and my employer have been contributing to a Standard Life stakeholder pension for about 3 years. I won't be continuing to contribute as my new job has a defined benefit scheme:j . Standard life will charge me 1% p.a. to manage the stakeholder pension. I was wondering what the options…
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Is it legal for insurance companies to operate post-code annuities?
I've read in the press today that many insurance companies will be introducing post-code annuities, meaning that those in "poorer" districts will receive higher pensions than those in "richer" post code areas. Surely this is some form of discrimination - yet another way of robbing us of our hard earned pension savings? I…
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Advice Wanted
I took out a small personal pension in 1994. I increased payments some time ago, and i am currently paying 82.05p monthly. As at January 06 i had 456 non protected rights for a value of 12,746.07p. January 07 units were 493 value was 14,810 72p. January 08 units are 526 and the value is 15,470.57p. Can someone give advice…
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Advice Wanted
I took out a small personal pension in 1994. I increased payments some time ago, and i am currently paying 82.05p monthly. As at January 06 i had 456 non protected rights for a value of 12,746.07p. January 07 units were 493 value was 14,810 72p. January 08 units are 526 and the value is 15,470.57p. Can someone give advice…
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"Dripfeed drawdown"
Not a new concept, but a good explanation of how to use the drawdown idea for those who are still working part-time, so as to avoid excessive tax and maintain access to death benefits. Interesting to see that drawdown is now taking 21% of the retirement market, from virtually nil in the 90s.…
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Now a good time to invest in pension?
Hi. I am 37. I paid into a final salary scheme (at a University) between the ages of 24 and 36. I also paid about 7% of my salary into an AVC. I left this job last year and it's now been a whole year since I've paid into a pension (I can't now pay into the FSS scheme or the AVC). From research on this website I would like…
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Impaired life pensions - How can I find out what I could get?
I am a member of a company final salary pension scheme. I have just been diagnosed (age 55) with Type 2 diabetes, and already am taking tablets for cholesterol and hypertension (blood pressure). I have had a loading on my company life assurance for a few years now. With the diabetes diagnosis, I would consider taking early…
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Help With Confusing Pensions Please
Hi all, I wondered if anyone could offer any suggestions on what I can do with regards to myself and my partner's pensions. I have one that is frozen (I assume anyway as I no longer pay into it) since I left a company in 2000. My partner has 1 with Prudential, 1 with Scottish Amicable and 3 with Scottish Widows that are no…
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Pensions Forecast
Hi, I'm a newbie so bare with me...! I am female and will be 60 in August 2009 and I have had a pension forecast from the Govt Pensions Service. My weekly pension from August 2009 will be £128.66 but if I defer it - say for a year - I will get a further 10.4% interest on the £128.66 = £66.90 per week (£195.56) for life…
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Pension Pot - who would inherit?
my dad is paying into a private pension at the Standard Life (Stakeholder). I realise that he must turn it into an annuity by the time he is 75, but what would happen if the worst happened & he was to die before then? Would the whole pot get transferred to my mum tax-free (they are married)? If both were to die, would it…
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Getting the best annuity
My friend wants to take her private pension from February next year. Currently her pension pot is with NU and she is in the process of obtaining a forecast from them. How can she be sure that she is getting the best deal from them? Are there comparison sites for purchasing annuities?
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Back date tax relief?
Hi, My mum has been getting tax relief at 20% in her pension, however she hasnt been claiming the additional 20% for a higher rate tax payer. Any ideas if this can be back dated?
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To transfer or not to transfer?
I have recently started a new job and have joined the Local Government Pension Scheme. I have been given the option to transfer my previous NHS pension over to the LGPS. I need some advice, should I leave my NHS pension where it is, or is it worth transferring it? My salary is now lower than before. Can anyone please…
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Personal Pension contributions
I have posted this in this forum and the small business forum as it does encompass both. I was wondering if the employee pension contributions from my small business have to go through payroll or can the employee simply make the contribution to their pension themselves?
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which stakeholder is best
can anyone tell me the best stakeholder pension is best, im in virgin at the moment but im hearing its not a very good one, and since i can transfer to an outher one without loosing out i might as well swap unless anyone can tell me diffrent . thanks for any help. alnicci
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Pension or clear debts?
:smiley: Hi everyone , I'm a newbie so please be gentle! Basically my worry is I have about £18000 of debt from my student days :eek: . I have now been working for the NHS for 2 years and pay 6% of my salary towards an NHS pension, which is topped up by 6.5% by the NHS. Should I stop paying into my pension temporaily, or…
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pension help
i work on the railway, and i am in their final salary pension scheme "lucky me" although since Browns raid my contributions have now doubled in 3 years. What i need help on is 2 other schemes, i was in chrisitan salvesen scheme for 5 years and i contracted out of serps many years ago when the governemnt offered incentive…
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Buying a pension with another provider
Hi, I am recently widowed and have a pension left from my late husband. They are offering me monthly, quarterly, half yearly or yearly instalments but not a lump sum. Is there any way i can buy into another pension scheme and get a lump sum to help me keep the wolves from my door? Thankyou
