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Early retirement query
Hello there Just wondering if anyone can assist?? Hubby transferred his 12 yrs RAF pension into his new works pension( shell) and worked for them for over 5 yrs then left as we moved area and he left shell. His pension stayed with shell however and he was going to just keep it with them till he retires. However we have had…
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Income Tax / Pension / Health Insurance
Have put in the cutting tax; but not sure if right so apologies for putting on twice Can anyone help with these calculations: Base Salary - 33,500 Pension Amount - 3%, 4%, 5% Health Insurance - £674 Can I be advised of the monthly amount after all tax calculations based: 1) Pension and Insurance (based on 3 bands) 2) Just…
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My mum has 2 National Insurance numbers
Hi my 72 year old mum found an old card last week with a different national insurance number on it to the present one she is using. The old one is definetly hers as it has all her details on but appears to be for the time she first started working up to when she left to have a family, from approx 1952 to 1964. She is…
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which stakeholder for kids?
Hiya anyone suggest a stakeholder pension with good results for my kids? Thought I might start them one soonish. Thanks
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AVC or ISA
Hi im 49 and in a defined benefit pension scheme at work started this 14 years ago and in the last year have started paying extra AVC contributions.The question is thinking of increasing my contributions or should i start paying into an ISA, i have no savings at present.At present the AVCs are in a low risk investment ie…
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Need to move money from one pension fund
Hi guys, I have a pension fund from my previous employer that needs to be moved. I'm 23, there's £1,500 in it and I don't really feel like I need to keep it for now so I'd like to know is it possible to move it somewhere and withdraw the money from it? If not then I'm looking for a recommendation of where to move it to.…
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International private pension
Hello, my name is Mihailo Milankovic. I'm interested in investing in a pension program. I'd like to invest some money monthly and when I decide to retire I could get back some money monthly.Long term saving, like 10-30 years. If there would be some interest on the money I invest, the better :) Basically :) I wonder is this…
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Missold pension calculation
Having made a complaint about a missold pension this was conceded but the calculation of compensation was based guidelines from April 2003 which don't cover the loss. I was originally persuaded to transfer from a guaranteed pension of approx £5k pa to a policy which now has a fund of only £12k when a fund of probably at…
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Pension Advice
Hi there, I could with a bit of advice please. I am 29 and have been out of work for about 8 years. I have never paid into any kind of pension, but I've just come into some money (from my late Gran) and want to put some of it away to help me when I retire. I have £18,000 and was thinking of keeping some back, so I settled…
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Missold pension calculation
Having made a complaint about a missold pension this was conceded but the calculation of compensation was based guidelines from April 2003 which don't cover the loss. I was originally persuaded to transfer from a guaranteed pension of approx £5k pa to a policy which now has a fund of only £12k when a fund of probably at…
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Converting my SIPP to an Unsecured Pension
I'm considering this option but have a couple of questions I'm sure the learned community here will be able to answer. 1) Is it compulsory to drawdown? 2) Is it possible to take out and contribute to another SIPP at a future date or start to make contributions to the unsecured fund? TIA
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protected rights
I know nothing about pensions, so how do I know if my pension has protected rights, will it tell me on the yearly statement?
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Lehman Brothers customers
anyone know what is going to happen to Lehman Brothers customers who have investment or pension products with them? I'm kinda surprised Martin haven't written something about it yet
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Need to take out a pension with a particular ethical fund in mind. Help please.
Hi all, I have listed 20-30 funds into the performance fund screening facility at morningstar.co.uk and have determined that Henderson Global Care looks a very good fund for me to invest in. I am looking to take out a pension type investment in this fund. How do I go about it? Do I go by a pension discount broker. I am…
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Pension related Redundancy Payments based on Age and not just length of Service :o(
Hi All I would really really appreciate any help on this x I am being made redundant on 28th November. I have worked for the Organisation for just under 7 years. Someone who has only worked for them for 18 months will get more than me because of her age. I have disputed this with our Union saying that it is Ageism. They…
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two pensions or one?
I contribute to a stakeholder pension with Standard Life and my employer also contributes. This will be my main source of income on retirement. A number of years ago I contracted out of SP2 and payments were subsequently made into a C/O pension with the Pru. These payments are still being made. Question is... should I…
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SIPP savings accounts
Anyone here know of any UK savings accounts that will accept SIPP money and that meet the holy grail of (1) decent interest rate, (2) pay gross interest and (3) have joint account holders (necessary for the SIPP trust structure. Many thanks. Clondon
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What else does the IFA do?
My partner and I have obtained a free illustration from an IFA for a pension. They've advised a Clerical Medical personal pension plan and have provided a breakdown of the investments and percentages that they would advise for us. So my question now is why would we now buy this pension via the IFA and pay them a fee,…
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portfolio planner -SIPP
Hi I will shortly have £100,000 invested in a Sipp with SIPPDEAL after I drawn the maximum tax-free lump sum. My intention is to take £0 income for at least several years. Between now and then, I will be taking all the investment decisons myself. I have searched Google for portfolio planning tools to assit me. However, the…
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fund split in my pension
hi all ive currently got a sipp with HL and have been paying in £80 p/m for the past 6 months or so. im 26 years of age and my main pension is through my work (£250 p/m goes into that and its a final salary scheme which im told is very good) my sipp is made up of my own contributions and previous small pensions. next month…
