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Tax rebate on private pension
I invested £12,000 in a private pension in March 2008. As I am a higher rate tax payer, I was told that I could write to my tax office and claim back the 40% tax on this amount. Does anyoneknow whether this is true and if so what wording do I use in my letter to the tax office? Many thanks
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Are SIPP Pensions covered by the government's £50,000 guarantee?
I can't find this covered elsewhere, but is the government's policy of covering the first £50,000 of savings for SIPP pensions? My Dad has around £90,000 in Newcastle Building Society and he's worried it will be at risk in the future. Jammie
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Help!!
I paid into a company pension for over 20 years,sadly the company closed therefore 'freezing' my pension,how do i go about retrieving accrued funds to either re-invest or if possible get a cash payment,i am 46 therefore unable to start claiming the pension
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UK Womens Pensions Paid Abroad
Can somebody please explain to me the logic of a 65 year-old woman living in England with 9 years full stamp getting 54p a week pension, yet the same woman can return to Ireland with only three years stamp in the UK during the same period ( none in Ireland) yet receive a £7 a week UK pension?
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mothers nhs pension
hi all,mum recently passed away,she had a nhs pension which was paying out about £4k a year,i know this will stop,how do i find out if a lump is payable to her estate?any help appericated.
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guaranteed income bond
I am about to by an annuity for 95K I was happy to use the whole amount as I need the income but I am being advised to take the lump sum and invest this in a guaranteed income bond this will save about five pounds per week in tax.As this is not a great deal of saving I feel the disadvantages of a GIP outway the…
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Is this a good moment to purchase an annuity?
I understand that annuity rates are high at the moment (why is this?). I have about £45k in a SIPP deposit (no equities, thank goodness) fund, which I set up in 2007/8, my last year of fulltime employment. I am now retired (age 57), and can draw my teacher's pension when we run out of savings cash. Since the deposit fund…
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Tax Rebate
Hiya, my partner has retired this year, she has worked until 63yrs old, she wants to apply for a tax rebate should she apply to the tax office in the area where she worked or from where she is now and when should she apply? Smudger
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Parents may need to pay money back to grandfathers estate! HELP!
Hi I am not sure if I am posting in the right place, so please forgive me if not! Last year my grandfather gave his 5 children £10,000 each, as a gift. Hi total estate is no more than £80,000 and my grandmother is dead. He sold his house years before and now rents, this money was what was made from his house. One of them…
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pension and partner?
Hi All, A bit of advice please, IF MY PARTNER, WHO IS PAST RETIRING AGE MOVES IN WITH ME IN THE FUTURE AND WHEN I GET TO RETIRING AGE, DO WE KEEP BOTH PENSIONS OR WILL WE BE TREATED AS A MARRIED COUPLE AND LOSE SOME OF OUR PENSION, IF SO DOES ANYONE KNOW WHY? SMUDGER
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What to do with an Old Windsor life Pension
Please help, I have been very foolish! I started a pension scheme 15years ago (i am now 33) with National Mutual (now under Windsor life). I have never reviewed or looked at this pension but just kept paying in! I have never missed a payment which went up by 10%pa and are now £162.00. I have paid in £25,897.00 in total yet…
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Buying an Annuity
Are they statutory? I only ask because my mother is 73 and receives the State and company pensions but has never been contacted re an annuity. Does she have to buy one? Is it a good idea? Update: I put my fingers to work and searched through Google :rolleyes: to find out what an annuity is. Seeing as my mother retired at…
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Equity Based Pension schemes a waste of time and money?
Is there any point in saving for a pension in a company's Group Personal Pension Plan? Even when times are good. The following is a cautionary tale. From 1998-2002 I belonged to a pension scheme run by the company I worked for. The contributions the firm made were not high but it was the only way they would contribute…
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stakeholder question
Am I correct in assuming that due to present market conditions ,pension fund unit prices have fallen and that I would be able to purchase more units now than I could have, say, 12 months ago? If so I am inclined to believe the £3600 earmarked for a s&s isa would be better spent on my pension.
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Tax-free Pensions
Hi all I've listening to a very interesting audiobook called the Automatic Millionaire by David Bach. Obviously it's American and it has some really cool tips on long term money saving ideas. One of the things David speaks on sharply about is putting aside a percentage of money on a tax-free pension scheme in a sort of a…
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Bradford & Bingley Pensioner
My Dad is 80 years old, frail and unwell, and anxious and worked for the BBBs all his life and has a Bradford & Bingley pension. He has just received a letter that has made him even more anxious about 'possible threats - "if any" to his pension'. Is his pension safe - what threats are they. He is too old and anxious to be…
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good news for me i think
i am due to retire next october and rang my administrator up and was told that my pension is not being affected by the present crisis because i am in a with profits scheme. All the managers changed theirs a couple of years ago and they are jumping up and down at the moment as they have lost between 20 and 30 percent off…
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Standard Life Stakeholder which funds you got?
Ive got a Standard Life Stakeholder, the funds have had a right battering in the last few weeks, got property, international, uk equity, overseas, european tracker. What funds have others got? Been thinking about reducing the % a pay into the property fund and pay the money into one of the other funds above and chose a new…
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Company Pension Plan being wound up
I have recently been advised that my Company is rationalising its pension arrangements and as a result I will be required to transfer my accrued pension benefit to an alternative pension plan provided by the Company, with my current one then being wound up. I’m gravely concerned by this action as the present economic…
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Retiring early - Civil Service
I am thinking of taking partial retirement from the civil serive at 58 - taking my pension (which will be reduced by 10% for early retirement), but cutting my hours to about 20 a week. This may be worth while as I had temporary promotion a year or so ago so my pension will be based on that. What I don't know is I am buying…
