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OPEN MARKET OPTION ? or stay where I am ? Advice appreciated
Hi there, we are not talking mega bucks here, but I have had a pension festering since the late 80s when a boss browbeat everyone into joining but then didn't contribute. I have never been in a position to make additional contributions and it has often felt like a millstone. Due to circumstance, unexpected loss of job,…
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tax and pensions
Just a quick question - i assume that you pay income tax on your pension in retirement at the same rates as you would on income earned while you are working but would appreciate it if someone could confirm this. Thanks
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stake holder pension
hi all after starting my stake holder pension 3 years ago putting as much away as i can afford only to see it reducing every week am i going to lose the lot ? should i carry on with it im a long way off retiring ,when things do get better will i get all my money back should i be worried or am i safe. thanks for any help…
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Protected Rights in a SIPP and Sippdeal
Hi I have preserved pension benefits and would be grateful to obtain any useful infromation I can obtain from the great people on this site before I make any decisions. * I am a male aged 52 * I have preserved pension benefits in the NatWest pension scheme. Current transfer value is £112,000 (£48,000 Protected Rights and…
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Home responsibilities protection
Can anyone help me with this question - I am self-employed, have a baby and a foreign wife (she has no NI number). I am the named carer in regard to child benefit. What is the best way to deal with the HRP? I currently pay Class 2 contributions, and Class 4 also when I make a profit. thanks
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How safe is my pension fund?
Hello, I have the opportunity to join a group personal pension plan (GPP??) with my new employer. The charges are low, or so the company IFA said (0.65% a year), and I can also transfer my old personal pension plan fund in (with Allied Dunbar). The IFA has recommended a "Balanced managed" Fund (similar to Allied Dunbar's)…
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drawdown advice
I'll be 65 in November 2009 and will retire. I have a state retirement forecast indicating I shall receive £205:00 per week. I also have a money purchase company pension with Scottish Equitable with a pot of about £130k. I intend taking about £30k as a tax free lump sum (to clear outstanding mortgage), leaving about £100k.…
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Small pension
My husband died and I have some of his pensions, One is a very small one of about 40 pound a month, is there a way I can ask them for a settlement figure, I am 48 and they will be paying it for quite a few years hopefully.
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Friends Provident
Hi Does anyone know why FPs share price is falling? It's just that I have my (company) pension with them. Should I be worried?:confused:
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Pensions and Credir Crunch
Hi I have just arranged to transfer a couple of pensions into a new SIPP with a new company. Should I go ahead with the transfer in the current climate or hold on? Thanks
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Newbie pension question
Hi, OK, (queue onslaught) I have absolutely no clue as to what a pension is, how they work or what I should be doing with regards to current situation. Good start eh… So, my question is as follows….. I am in my early 30’s, I had a pension with a company which was started at my first job by their pension advisor as my…
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AIG - Pensions lost if they goi bust...
My mums pension is with AIG because a company she worked for put it there, so she is set to lose it all if they go under. Is there anything she can do NOW before they go under, to get it back?! Or is there anything she can do AFTER if they do go bust? I don't really know how all this works, but she is fuming today as she…
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IFA suggests setting up new pension
Hi there just wondered if someone could help me. We set up a private pension 3 years ago with Scottish Widows. End of last year we were doing ok with the returns but by summer this year, pension pot worth less than we had paid in to it. We also had a new IFA by then as we moved. He reviewed the Scottish Widows and…
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Qualifying years for state pension
Hello I am a 61 year old female and have been drawing my state pension for the past year - this is a reduced pension due to my having only 33 qualifying years. I believe in the future the qualifying years for a full state pension is being reduced. Therefore does this mean that when this occurs my pension will be upgraded…
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Stakeholder versus Private?
I currently have approx £30k in a Standard life Stakeholder pension which has dropped by about £4K in the last 18 months and need general advice on whether to switch or not.... I have seen an IFA and been advised to transfer to a private pension (With Skandia) however I'm unsure what to do as to do this would mean paying a…
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Pension for my children
I want to start a pension for my children. They are 1 and 3. I am only going to be putting £50 a month in to each pension. I have read martin's article on pension discounters and like the sound of that. I am clueless what to choose though. Any advice or should I use an IFA? Thanks in advance Lynn
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Company Pension for Directors/Owners
Hi I would like to setup a pension scheme for myself and wife as two directors of our company. Where do I start?
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NHS pension...commuting lump sum..?
Hi...I will be retiring ? next spring.I estimate an annual pension of about £43K /£44k .I believe I can opt to convert some of this to my lump sum (this is tax free)...at a ratio of £12 for every £1 converted. It "seems" a good idea to do this to reduce my exposure to higher tax bracket....but ..would I be better off…
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AIG pensions
I currently have a ongoing personal pension with AIG which I've still got another 35 years before i retire. Following the news that they are in trouble I'm trying to find out if my contributions are safe if they collaspe? Can anyone help as cant find out anywhere on what protection/rights there are.
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Pension Fund value falling...
This is my first question (of many, I expect). Please can you help: I have 2 personal pensions which my ex-husband’s financial adviser set up (a Standard Life Stock Exchange Fund and a Zurich Equity AP Fund) which are obviously not doing too well in the current climate. I am not sure how they accumulate value – does the…
