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Lapsed Pension
Hello everyone, When I was 18 I started a private pension, I was on a very low wage and didn't pay very much every month. I think I opted out of serps. Anyway, I carried on paying in until I was about 25. I'm now 35. I have moved since I last had any contact with the company (again I think it was a brokers) and I'm a DFW…
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pension over mortgage
ive been talking to someone who has cashed in his pension and used it to take a lump sum of his mortgage, and its got me thinking, with the current economical climate, and all the things being said about pensions not being worth there while in a few years, would it be a good move for me to do this, with a view to the…
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Section 32 buy-out with GMP
I wonder if some IFA or knowledgeable person can clear up some confusion I have about a section 32 buy out pension with GMP. I will take financial advice closer to retirement but that’s in a few years time. I phoned my pension company twice last week and received conflicting information about my pension plan which consists…
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Re: Help Is it too late?????!!
Hello there, I don't know anything about pensions so need some desperate advice! I'm 27 and 28 this year. I currently earn £25k a year and have no pension. The company I work for doesn't offer one but can offer advice if you want to take part in one?? Which is the best to join (i know nothing!) and how much Is right to put…
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right or wrong time to retire?
I’m in the position to retire at the moment with a lump sum and monthly pension, bearing in mind the current financial situation would it be the right time wrong time or doesn’t it matter?:confused:
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Pension/Salary Sacrifice
Hi Guys I'm sure this question has been asked time and time again, so please gentle with me:wink: I have started a new job and the pension on offer is a salary sacrifce, the company will match my contribution upto 5%. I started the pension and I am in the middle of my cooling off period at the moment. What I was wondering…
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Tax Free Cash from a final salary scheme at young age?
I am interested on thoughts on my situation as follows I have been retired on ill health grounds at age 42, with a final salary scheme with a the tax free commutation factor of 15, the pension is indexed.. My life expectancy may well be 10 to 15 yrs shorter than the average due to health issues. I have to decide now…
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This is everybody's fault but mine - Homer J Simpson
Several months ago I posted a thread to open up a debate about concerns I had regarding the amount of direct financial advice that was proffered on MSE by people who had no financial qualifications, background or experience and how this advice could adversely affect MSE:…
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Is now the time to buy and annuity, with profits scheme?
Hi,, I caught part of a conversation on Moneybox regarding decisions relating to defined benefit schemes, especially those held in “with Profits”. Does anyone have an opinion? I am 55 and have about 72k in an L&G fund, to which I make no further contributions. I am currently employed and contributing to their defined…
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RBS pension
I have an RBS final salary pension. I used to work for RBS but I am not wokring for them for 2 years now. Is my pension safe with them or shall I move it somewhere else. And if I move it where to/what type of pension? Thanks
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Re: Pensions, What happens if pass away - Urgent help Req'd
Hi there. 1 Question I need to ask, and would greatly appreciate help!! 1) What happens in the event of my death and I have more than 1 pension in place (which I do!). Is it passed to my next of kin and how is it paid out/what happens to it?! Thank You x
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Can my ISA pot be used to buy an annuity?
Hi all, As above, I have ISA's but am very keen on the idea of an income for life (I am aware of the ISA vs Pension debate). So, can my ISA pot be used to buy an annuity upon my retirement? Many thanks Graham, no, sorry, I mean Izzy
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Pension Advice!
Hi, I am new to this and I also have a questions on PENSION which you may have answered number of times. I apologize if it is obvious or dopey so please bear with me. I am 32 years old now and I have a small amount invested in a personal pension with Lincoln Financial Group (fund managed by Schroders), for the last ten…
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Advice: Freeze pension or not?
Hi, With all the bad news in the money world at the moment I am wondering what to do with my pension. I have a Halifax stakeholder pension which I know is in shares etc. With shares falling is it a good idea to stop paying into it for the time being? Or is now a good time to continue as new payments into the pension will…
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New employer - New pension but which one - Final Salary or Money Purchase.
I am starting a new job tomorrow and have a choice of pension schemes to join. I have a choice of a Defined Contribution (Money Purchase) scheme or Defined Benefit (Final Salary) but how do I know which is the right choice to make. -The money purchase scheme is 5% contribution matched 1.5 times by the employer. -The final…
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Lgps
I am due to retire in December with my Surrey County Council Pension due to be payed in January. (£50,000 lump sum plus monthly payments) With the Credit crisis, is my pension safe.. Should I be worried
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norwich union
hi,i have just tracked down a old grand met pension contracted out of serps , GMP and transferd to norwich union in 1991.the current value is £15400 i am now 53 could i obtain a cash lump sum and any advice would very much appreciated,regards mcp
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Stakeholder Pension vs Company Pension Scheme
Hi Currently I have a stakeholder pension and company pension scheme. The company will contribute 8% to my company pension if I pay nothing in, but will go up to 12% if I contribute 4%. I pay an amount in my stakeholder pension as well. Would I better off stopping paying into my stakeholder pension and pay more into my…
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Pensions Advice Please
Hi Peeps, I am new here and this question has probably been asked a thousand times before so bare with me. I want to start a pension plan.... I think. I am 36 years old I earn £12,500 a year. I get a very small payrise every year. I can afford to put away between £100 - £200 a month into a pension and still have some money…
