-
Advice needed
Hi! I have been receiving a final salary pension now for 7 years.It is paid to me monthly by the Actuaries of the company pension scheme, a totally separate company. What would happen if the company that I worked for went bust? Is my share of the "pension pot "with the actuaries already, as they are managing it ,or would…
-
Pension Virgin - Please help!
Hello, I was wondering if someone could advise. I have a norwich union private pension which I pay into £50 a month and have done since 2002. I have changed job and my new employer is Virgin and I pay £100 a month and I think they more than double it. Money is a little tight so I put the pension with NU on ice because I…
-
Is 10.4% Govt Pension interest compound?
My wife has so far deferred her Government pension for almost two years on the basis of receiving an extra 10.4% per annum,but is that interest compound or simple i.e.after 2 years will she receive 20.8% or approx 21.8% extra. Is the answer the same regarding the calculation of interest if she takes a lump sum i.e.simple…
-
Info on mums state pension
I'm looking for a bit of advice re the above. I have checked the DWP site and, well, it's not really any use!! My mum turned 75 on Thursday last week and when I checked her payment for SP on her bank statement she had been paid an extra £134 ish (4 week payment). Does the rate of the state pension go up at 75? Also, is a…
-
Another pension advice?
As I have a pension with a private pension provider and my place of employment offers a pension scheme after a year service with them (which I’m thinking of taking, only been there for three months, many more months to go!). My question is. Is it a good idea to takeout another pension scheme when I already have one? The…
-
What fees should an IFA charge?
I have just received advice from an IFA, who has created a pack with his recommendations about pension planning and what fund to invest in. For this advice he will be paid £1800 (ie half of my first years contributions) which will be paid by the pension company and taken from my fund in the form of charges over the first 5…
-
company pension contributions
hi all newbie so excuse any mistakes the company i work for match my contributions into a company pension scheme eg 3% we have been informed due to current market they are not going to match our 3% just enquiring if this is legal or not thanks for your time
-
Pension Value
Hi I am due to take early retirement in December at age 61 from a private company with a final salary pension scheme of which I have been a member for 20 years. Can anyone offer any advice as to the likely effect on the value of the pension due to the current turmoil. For information the company forecast a pension of…
-
Paying Class 2 NI
Hubby is SE and has always paid class 2 contibutions (+ class 4) he will get a basic goverment pension of £107 have done a prediction calc (he's 63 now) and has paid 47 yrs contributions already - is he able to increase what he pays for the next 14 months or so to get a bigger government pension. thanks.
-
5% Inflation boost to Pensioners
What is this all about? The State pension increases with the RPI rate of inflation (unless it's less than 2.5% when it increases by 2.5%). Yet more specifically it increases every April, based on the rate for the previous September. This September's rate was today announced to be 5%. That means the basic state pension will…
-
Take Pension Now or in 2 years - 7 years?
Really a "post" on behalf of my wife. After 19 years service with the BBC my wife took redundancy 11 years ago. She had been in BBC Pension fund for her time in service. My wife is 53 and has been told she can take a modest pension NOW from the BBC or a Lump Sum NOW and a reduced pension - wait until she is 55 for…
-
Take Pension Now or in 2 years - 7 years?
Really a "post" on behalf of my wife. After 22 years service with the BBC my wife took redundancy 11 years ago. She had been in BBC Pension fund for her time in service. My wife is 53 and has been told she can take a modest pension NOW from the BBC or a Lump Sum NOW and a reduced pension - wait until she is 55 for…
-
Difference Amounts to buy annuity
Hi from a new boy I have just received two sets of figures from my pension provider to purchase an annuity, the sum to buy the annuity with the provider is over £3000k more than the figure for the open market option. Would appreciate comments and any advice please. Alzieboy :mad:
-
i have no pension. age 33. help!
Hi. I'm 33 married with 6mth child. Have no pension. Earn about 16k yr gross. Mortgage £35k remaining - 7yrs. What options regarding a pension available to me. esp in the current climate. Is a stakeholder the only option - are all stakeholders the same. [ie charges & returns etc] there is no contributory pension from work…
-
Should I stay or should I go?
I have a company pension, the basics are I contribute 5%, they put in 10% The projected annual rate on retirement is circa £6400. (This will rise in line with inflation upto 5%) I also get 4X my salary life assurance included. I also have debts as per my sig. My thoughts are to come out of the pension scheme at the moment,…
-
Worth putting more money into my pension?
I have a reasonable pension fund spread over several companies and several ISAs. I'm self-employed, and every year when I know how much I've earned I tend to pay in a lump sum to my pension/isa of 10k-20k. However - my pension fund & ISAs have obviously taken a big knock just recently, and I'm wondering whether it's worth…
-
Cash in pension now or wait?
I'm planning to cash in my pension for a cash lump sum and small monthly pension. The lump sum will pay off some credit cards. Thing is, should I do it now or wait a while? I received a quote today which was lower than one I received in May, and is valid for 30 days. Will it change significantly over the next couple of…
-
Fund switching - a good time to up the risk?
A while back I started the process of combining two existing pensions with a view to ultimately increasing my funds risk within my Friends Provident NGPP plan. The transfer has finally gone through and all my funds now sit within the default balanced managed fund and have thus experienced the 20% or so drop that many…
-
Pension or Savings
Hi I have never really understood pensions and have usually saved instead of put in a pension. I have a final salary pension scheme run by the company I work for and I invest something like 5% in there a month which is the max I have about £1000 savings after all of this - should I be investing this in sort sort of extra…
-
Opt to Pension, or not to opt?
I've just started my job at the Police this month, and as a new recruit I've been offered to be put in the pension scheme, which would start pretty soon if I opt in, and would be around £80 per month. I have the option of opting in at a later date if I want too and can decline now. Would it be wise to opt out for a while?…
