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Pension question
My wife and I have a mish mash of pots. 2 old company pensions, one with the Pru, one with Fijitsu, a frozen Barclays, a current Barclays, a current Scottish Widows, and finally 2 pension pots that we had to make paid up due to a change in circumstances with what was Allied Crowbar. We have 5 years to go before encashing…
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My Mum Wants To Buy 12 Years Pension But Has Never Worked
Hi All, I was hoping someone could give us some advice please. My mum is 59.5 and has never worked as she had 9 children. We have just found out that she would be entitled to only 60% of my fathers pension but recently you could buy 12 years pension which together with 18 years home responsibility would entitle her to a…
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SIPP - Gold bullion - where must it be stored?
I have a SIPP and was thinking of buying some Gold as part of it. Are there any rules on where it is stored - does it have to be in a bank or could I keep it elsewhere (under the mattress, buried in the forest etc). My thought is it would be useful to have some gold that is stored outside of the banking system so that if…
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Company Pension : Advice required
Hello, This is my first post on the forum and I am looking for some advice regarding two company pensions of which I was a member of before leaving both companies. I have one pension with around 5 years contributions into and another with 3 years contributions. I now live and work in Switzerland and would like advice on…
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"winding up" lump sum
My OH has a small company pension which is being wound up and due to be paid to him this year. He has been offered a cash lump sum of £9,787.24 less emergency tax of £2,154.80. He has some questions on this. 1. We live in another country and do not pay tax in the u.k. - what to do about the emergency tax, as he will not be…
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Inheritance Tax
Hi There we own a second property how can we get away without paying capital gains tax on this property Dave
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Reccomendation For SIPP Provider
I ve been thinking of making pension contributions recently and want to start using a SIPP. I have looked at using my companies pension and topping up (they simply provide a selection of funds you can invest in) but the fees are quite significant>. Has anyone used TDWaterhouse to manage their pension fund contributions?…
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early retirement and AVC options?
I am currently 57 with a (currently) good company defined benefit scheme. For some years I've been paying into a Standard life AVC provided through the company AVC scheme. Retirement age is 62 and the AVC was designed to mature then. The AVC fund buys pension from the main fund I,m now considering early retirement and…
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confused, need advice!!
Hi, my husband has had a pension for over 20yrs, but it actually names his brother as the policyowner and my husband as policyholder. I cancelled the direct debit to pension last week by mistake and they have written to his brother to tell him, even though we pay it every month. Apparently he gets other mail about it…
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Help - How to Pick the Best Stakeholder Pension
Hello It's difficult to know what is relevant, but I'll try a precis. dob 1960 single, always have been, expect to always be no kids Income has always been variable, always a basic rate taxpayer. I've been laid off from just about every job I've ever done within 15 months of starting (often 6 months). Nothing I've done,…
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AVCs and Civil Service
I have about £11,000 in AVCs through the Civil Service and will have about 23 years service towards my pension when I retire from Civil Service. Can I take the all AVCs as a lump sum or only 25%. Thanks.
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Legal and General - exit penalties
I wondered whether anyone could explain the report in today's Guardian about reductions in pension payments. The report seems to say that investors with with-profit pensions would now be getting less than anticipated once they come to retire. What is this about? Yet another scam to fleece people? Any help appreciated.
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opting out of serps
some advice. I was cold called by a company called ; Park Lane Services International regarding Serps contributions. I informed them that I had contracted out of Serps many years ago. I was again contacted by this company who advised that they had investigated my case and that I could be owed approximately £15,000. In…
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Search for my Grandads Pension Provider
My grandad retired last year and is certain that he paid into a pension for about ten years from 1980-1990. Trouble is the company has changed hands numerous times, he himself has moved house numerous times and cannot remeber a lot about it. How does he go about finding out what and if he has an amount unclaimed or unpaid…
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Final Salary Pension
Can anyone help with this query please. I belong to a final salary pension scheme. I have wanted to go part time now for quite a while, but was under the impression that this was not an option, as it would affect my pension. I have recently been told that the final salary figure would be based on the best salary year over…
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What options do I have with my FSAVC?
I took one out about 15 years ago and it matures next May, when I reach 60. According to the last statement the fund amounts to about £46K, and would provide an income of about £1100 pa. Can I cash it all in? or only 25%? Should I continue paying in? Can I transfer the fund to my NHS pension scheme? and if so when? I'm…
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Best Way To Make AVC's
I am thinking of making contributions to my pension each month. I understand you can do this in two ways: 1) AVC from salary - Tax not deducted 2) From salary and claim the difference. There is no incentive from my employer to do this. Which one would you guys do and what should I be thinking about? I can choose from all…
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Transferring in to final salary pension
My company allows us to transfer cash from our old defined contribution schemes in to our new final salary scheme. Unfortunately since we all received our quotes and agreed the transfer value the market collapsed and the cheques received have been 40% down on what we were expecting. Therefore the equivalent years we were…
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Stake Holder Pensions
Are our Stakeholder Pensions Safe in the current financial climate? I don't mean is there a compensation scheme (which has been covered in this forum), but with the state of the footsie at the moment will those of us who retire in the next few years (I am a 62 year old male) actually lose money? That is to say do we stand…
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selling army pension - is it possible?
Hi Guys I am leaving the army after 17 years and have been told that i can sell my pension fund. Does anyone know if this is possible before I am 50? Really need cash now to set up new business. Thanks for your help
