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Do Pension funds front load their fees?
I'm not keen on paying into a pension, and would rather consider other investments. One reason is that I've heard that they often have fees and charges and these can be heavily front loaded, so the early contributions you make will have lined their pockets even if you don't keep up your pension contributions later on. Is…
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can I cash in a pension if I am under 55
Hi, I am 33 and have 3 private pensions, one with a company I left, I which me and my husband have and is active and also one with my current company where I contribute 8% and this is matched by 15% which is great. I am on maternity leave and sorting out all my finances and wondered if I could unlock the £5600 in the…
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Redunancy, pension and JSA
Posted somewhere else but think it must have been in the wrong place. I am 58 and being made redundant. Does anyone know if I will be able to claim JSA when I'm made redundant with a redundancy payment of over £30,000 and taking my pension and lump sum? It would be the contribution JSA. I intend to keep looking for another…
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Standard Life MVR
This has now been increased to 30% for some WP contracts including mine. This is significant to me because the nominated retirement date on my pension policy is February 2009. It has always been my understanding that the MVR would not apply if I take benefits on the nominated date. I have asked SL to clarify the position…
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Indexed Stock Stakeholder Pension??
Hi, I'm 29 yrs old and have recently left my job and entered the big bad world of self-employment. Up until now I have been completely oblivious to savings/pensions etc and simply put the money into company schemes without taking too much interest in what was being done with my money. Not very clever I know. However the…
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Buying an Annuity. Help!!
Hi there. My Mum-in-Law has just retired and has 3 small pension plans with a fund of approx £30k. She is looking to take the tax free element and then have a smaller monthly pension. She is not looking to guarantee this income nor to have it linked to inflation or RPI. It is a single life policy. As neither of us are…
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Change Personal Pension to stakeholder?
Hi Pension gurus, I have an L&G Personal Pension No1. I asked L&G could I change this to a stakeholder (to get the benefit of lower fees).They sent me a Pension transfer request, but looks like they are charging a sizeable fee even though I want to keep this with L&G. Is this correct?
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AVCs or Pay off my mortgage?
I currently pay 10% of my salary into AVCs, taking advantage of the tax treatment to them, as well as building up a fund which should give me around £120k lump sum on retirement. However, I'm thinking twice about investing so much, or at all. I have a £150k mortgage at 4.9%, fully flexible. Would I be better off paying off…
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Triviality - Pension
Hello My Mum has reached retirement age and was hoping to cash in her pensions but they add up to £17,400 which is £900 more than the £16,500 allowed. Does anyone know if she can cash in some of the pensions or does she have to take them all as part lump sum and then the rest as an annuity? She has 3 small pensions which…
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holiday from Stakeholder payments?
My L&G yearly stakeholder pension statement has just come and shows that my pot of money has reduced by a third from last year. Should I take a break from payments and put the money in a savings account for a year instead? Paying monthly as normal looks like throwing good money after bad. I have a lifestyle plan which…
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no bonus
hi i have received a letter from the co-op saying as i have a option 32 policy guaranteed pension they will not be adding any yearly or final bonus is there anything i can do about this
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Opting in S2P
I am hoping someone out there will be able to help me. DH has been advised by Friends Provident to opt back in to state system re what was SERP/S2P pension contributions, this I understand is due to his age 47 (over 42 I think was mentioned). I have read the notes that accompany his annual statement, and I think where…
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AON Stakeholder Pension mis-mangement?
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stakeholder pension mismanagement?
I have a stakeholder pension with Halifax which lost 33% of its value this last year. Is this average? standard? or just a rip-off from poor fund managers?
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Taking the money and eating it...
Hi, hope there's someone out there that can give me some advice. I've recently left a pension scheme with a large employer, where I was employed for just less than 2 years. The pension I had with them now has two options for me. Take my cash contributions over the 23 months, or have the whole amount transferred to another…
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Money purchase v final salary
I am on a 50% contract and in a final salary scheme and because of the nature of my job I can collect my pension after 50 and still intend to work (I'm 52). I have an increment due in Jan and expect to opt out of the pension scheme and collect on Feb 1st. Now the way my pension works out, by doing a pension modeller It…
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27 and don't have a pension - advise please?
I need a pension, I'm female, 27 and don't have one! Never took out my employers one as when I joined in 2002, I was 21 and on a 6 month contract - So didn't think it was worth it. My job has been extended each year with 6 months/1 year contracts and I'm currently in contract until March 2009 and then it's a gamble again…
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State Pension for Women - Question
a quick question to see if i have got my facts right or not? my mum retired at 60 and has a pension in her own right, but it is not a full one. she did make a one-off payment i'm assuming for years she worked but didn't pay any/enough NI contributions. i have recently heard that there may now be new legislation under which…
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retirement options?
OH and I are planning to pack it all in in 5 years. We're aiming to travel a bit and do part time voluntary work (as well as enjoy ourselves). I was hoping someone might be able to look at our situation and feedback re our situation/options. OH has final salary pension which will pay out 19K pa or 12.5 plus 55K falling to…
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Senior Life Settlement Funds
Has anyone used these funds in a SIPP or Drawdown, or have an opinion of them? I recently came across one which gives 10% p.a. return on the amount invested for a 10year term. Very useful given the current volatile stockmarket, but I can't to judge how safe these plans are. For details see the ARM fund details at…
