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want to cash in my bf's civil service pension
my BF has a PCSPC pension which i gather is now called the "classic" pension. he had a preserved lump sum of £5,018 and pension of £1,672 pa, this was in 1999. am i right in thinking these figures will now be adjusted for inflation ? also my partner is incapacitated for life (he has MS), am i correct from what i have read…
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Personal pension plan - I want it now!
I suspect I already know the answer to this, but here goes anyway: I'm 36 and opened a PPP about 10 years ago, contributed to it for 3 years and haven't touched it since. I need money due to financial difficulties. Is there any way I can cancel/redeem/cash it in early, even if I have to pay substantial penalties/tax? I'm…
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full tax free refund of AVC?
Am I right in thinking that I can take the whole of my AVC fund tax( company run)free providing it is not more than 25% of my total tax free allowance? seems like a good idea as on commutation i would get £15 tax free per £1 of my normal pension but it would cost me £22 per £1 to buy pension with my AVC
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Am I paying Full NI contributions?
Tried to get a state pension forecast but when asked about my current situation re NI contributions I wasn't sure. I am in a company pension scheme so am I paying full NI contributions?
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When do you stop paying NI?
Isy it when you reach state pension age or when you retire before 65 on a company pension?
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Frozen Stakeholder Pension
Hi! I am very confused with an ongoing issue regarding my Stakeholder pension. I started up this pension in the early 90s - at the same time opting out of SERPS. Up until 2006 I paid into this pension monthly. Finances being tough I froze the pension and in 2007 transferred the policy to my bank (HSBC), wanting all my eggs…
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NHS Pension. Should I buy add years?
I managed to show my interest in buying additional years before the April 08 deadline. My birthday is looming and a quote is on the way. I understand that buying years is fairly expensive. My question is, who can I speak to, to find out if its worth me buying? My pensions officer said she was unable to advise me and can…
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Private Pension
Hi, Wonder if anyone can help, My dad is 62 and retired through ill health (terminal cancer) Quie A number of years ago he took out a private plan with the Prudential. According to the last statement there is a little over £67,000 in this pension . He is wanting to know if there is anyway her can get access to some if not…
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Final salary scheme- buying back years- advice
I started a new job this year with a final salary pension scheme. I am 27. I have the opportunity to buy back 7yrs of payment back into this scheme for an extra 3%(I currently pay 6%) of my earnings- paid until I retire. This would mean I would have effectively paid into the pension since I was 20. This is not done through…
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LGPS retiring before 65 penalties
My wife is over 60 and legally can retire in the UK but the LGPS will take back some of her accrued pension if she retires before she is 65. The % reduction is at the decression of the employer but they are saying they will not excercise that option. It works out about 5% per annum for each year you retire before 65 on the…
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Should I freeze my pension?
Hello, I wonder if anyone could advise me about this - I have been paying into a stakeholder pension for 5 years - paying £50 per month (I am 39). I have been advised at work that I should perhaps freeze my payments for a year or so and pay the money into an ISA, then the money I have saved I could pay back into the…
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Who runs a Salary Sacrifice Scheme? Employer or an external company?
I wanted to look at this for our members, as we are going to need to increase contributions next year, this may be a good way of enabling the employees to still take home the same money but contribute more. I was wondering where is the best place to start, do I need to find an employee benefits consultancy, or can we do it…
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Pension contribution from limited company
I run a small consulting company as a part-time venture. It is a limited company. Revenues are in the £20-£25k range annually and almost all profit, and no money has been taken from the business. I would like to get the cash from the limited company into my personal pension in the most tax-efficient manner. Does anyone…
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What type of pension?
Evening all Some advice on the best type of pension/savngs plan if you dont mind? My wife is 32 with no pension:eek: and I really need to get her sorted out with one. I will be able to retire at 53 with an excellent pension (15yrs away). I'm not sure whether to start a pension for the wife or to start some sort of savings…
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Advice welcomed - Liverpool Victoria APP
I have been carrying out a thorough review of my finances (i am 34) and from the age of 18 i opted out of SERPS with Liverpool Victoria, and a proportion of my NI contributions were paid into a LV Appropriate Pension Plan. In 2004 all of LV clients were automatically transferred back into the State Pension as at that time…
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Am I receiving the correct pension?
The National Insurance minefield again - is there any way I can check whether I am receiving the correct state pension? Friends who have never worked appear to be receiving more; although I haven't the full contribution record (bringing up children, part-time jobs, etc), I qualify for Home Responsibilities Protection and…
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Stakeholder pension with Virgin?
I have a small personal pension with Pearl Assurance that is making nothing. I have been informed that I can tranfer £29,000. Through my employer I also have a Virgin Stakeholder pension - would it be advisable to transfer the Pearl pension to Virgin or should I look for another pension provider? I am 52, female, and hope…
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Pension Fund cash in??
Hi MSEs. I wonder if anyone could advise me regarding some saving plans. Years ago (1985) as a student nurse I began first one then another savings plan with the Royal National Pension Fund for Nurses. Called Moneybuilder, I saved £17 between the two policies monthly. In 1998, again with RNPFN, I began a "Retirement…
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Annuities Advice
Re: Annuities. Would welcvome any advice on the following.65 in Nov and have to purchase an annuity. My pension pot is a section 32 Buy Out with Norwich Union since 1988, worth about £80000 before any tax free sum taken. The annuity they have offered is not as good as one offered by Aegon Scottish Equitable.Dont know much…
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State Pension
Is there a website which shows your state pension details such as bank details, to check in case they have transposed or entered wrong numbers etc, or do you still have to phone them? Once the first one goes in it wll be ok, but want to double check.
