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SIPP Cash conundrum
I've been running my SIPP for the past eight years, in which time the value has more than doubled. Last December I decided to convert 75% to cash, so I've insulated myself from recent problems. Bearing in mind the current Banking crisis I'm slightly concerned about keeping over 200k in one Bank! Has anyone suggestions on…
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to pay off mortgage or what?
I have released £60K from the sale of a flat. Would best advice be to repay our outstanding mortgage that has 7 years to run (no penalty for this) or pay a half off mortgage and invest the remainder for fiuture income/pension?
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retirement pension
I have recently retired (august ) and have received one payment from my company pension, with the current upheaval in the money markets how safe is my future payments ?
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retirement pension
I have recently retired (august ) and have received one payment from my company pension, with the current upheval in the money markets how safe is my future payments ?
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How to make the right decision - pension scheme closing.
:confused: After working for a particular firm for 14 years, my husband was made redundant - now - after four years we have received a letter saying that the pension scheme is to close down. We need to make a decision before December. We have the option - as he is over 50 - of taking the pension now - or transferring it…
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Still get state pension ??
Hi there, These are probably stupid questions to ask but here goes....... I am looking to take out a stake holder pension with the Halifax. I am 37, how much should I be looking to put into it each month retiring at 65 ?? I am wondering if I would still receive the State pension as well as the private one and would it…
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company pension
I am a pensioner and I received a company pension as well as the state pension If the company I worked for goes bust in this economic crisis will I still receive my company pension? A silly question to ask really but only just thought about it
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what happens to an annuity if company goes bust?
My husband purchased an annuity with his private pension when he had to retire early due to ill health and receives a monthly income from it.In the current financial situation, what would happen if the company that administers it were to get into difficulties? Would there be any protection or would the money be lost?
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Upper tax band
If you pay tax in the upper tax band by just over the threshold, how much of your pension contributions are then made with 40% reclaimed?
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Pensions Is there a loophole?
Hi, Like most people at the moment I am feeling the pinch ofthe credit situation. To make matters worse I haven't been smart with my money and have run up a bit of debt. I have an old pension fund from my old company which has about 2k in the fund. It would be a great help to me to be able to use this money now rather than…
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Is my pension safe
When I was made redundant from the prudential I transfered my pension into a section (bond 32). I retired last year and now receive a monthly fixed guaranteed income of £1300. My question is how guaranteed is this guarantee if the Pru goes to the wall or is taken over Thankyou David
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Lump sum into existing pension - Cavendish?
Hi, I opened a Stakeholder Standard Life pension through Cavendish Online two years ago with a lump sum. With the current crash in the stock markets, i want to put another lump sum into my pension fund. My question is: Do i need to go through Cavendish Online again for each lump sum payment? or just make the payment direct…
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help re nhs pension
Hi, I am trying to find out he terms and conditions for volantary early retirement from the NHS. I have tried to access the information on the pensions agency website but for some reason I am unable to access the information. Can anyone give me the basic T&Cs for this. Thanks, Happi
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Partner
Hi All, My partner who is female 63 has just had to give up her job as her old bones wont take anymore,. she gets state and a small private pension of £32 per month. The question is could she claim any benefeits for having to give up her work as the firm she worked for would have let her stay until 70? She has arthritis in…
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Personal V Company Pension Contributions
I have my own limited company and i am a higher rate tax payer. I want to know if it is best to take all money from my company and make personal contributions, receiving tax relief in my personal tax return at the end of the year to reduce my higher rate tax, Or make contributions from my company so i have a lower take…
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Reduced rate NI contributions affecting widows
My question is:- Who was eligible to pay reduced-rate contributions in 1977 ? I ask because my husband died in 1973 - I had worked before marriage, but not during. In April 1977 I started working in my late husbands company which was then being run by the Trustees of my late husband estate. The accountant of the company…
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Reduced rate NI contributions affecting widows
My question is:- Who was eligible to pay reduced-rate contributions in 1977 ? I ask because my husband died in 1973 - I had worked before marriage, but not during. In April 1977 I started working in my late husbands company which was then being run by the Trustees of my late husband estate. The accountant of the company…
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Uk state pension abroad
Hello all, This is my first post to MSE, I wonder if any of you guys can help me with this issue. I am currently a UK citizen and for the last few years I have been living in Hong Kong. I am coming up to retirement age and have decided to live out my final years here. I am looking to apply for HK citizenship and this means…
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civil service pensions
Just a quicky as most working people (who get their hands dirty and sweat )look forward to retiring in poverty on the state pension.As private pensions are a complete con and waste of money(do the sums).I hope all you lucky civil servants enjoy your gold plated pensions and spare a thought for the rest of us,and stop…
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Transfer query
:confused: In general terms what is the current thinking on transfers ? : I have 1. personel pension Standard life (not currently adding to) 2. A company final salary scheme from former employer (American parent company) 3. Current employer final salary scheme. Would it be better to transfer No.2. into Standard Life scheme…
