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Help needed - VER
Hi Can someone advise me please. I am about to retire from a final salary scheme after 36 years service, which with enhnacements mean that i receive the full 40years (half) pension. This has been quoted at £20k per annum plus a lump sum of £75k. My question is ... what are my options in respect of the lump sum? I do not…
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pension payment tax relief and NI
Much mention is made of tax benefits for pension contributions whether they are main scheme or avc. I pay both. But is the relief as much as you think? I was discussing with someone form our HR dept the possibility of paying all my monthly salary into my avc to be able to withraw it as tax free cash shortly afterwards. I…
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Can you stop paying into a pension without losing it?
I am asking on behalf of my partner who started a pension about 13 years ago. However she got it 'put on hold' a few years ago and is still paying around £40 a month for the privilege! Our question is, can she stop all payments to the pension but still get the money that she put in - even if that's when she retires (so it…
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Deferred State Pension
Good afternoon, I have researched back on several forum pages and I apologise if this question has been posed before. My friend, who reaches state pension age in January 2009, has decided to defer his state pension for two years, he has a job that is suited to him and has a regular monthly income from it. He has no desire…
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where has pension gone
hi guys sorry to trouble you with my first post problem but hope to contribute more when back off my holidays. here goes, my brother inlaw past 65 18 months ago and tried to get is private pension on turning 65 only to be told it was paid out in 1996 to someone,they the pension company can provide the cheque number but…
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Frozen Pensions prior to emmigration
Hi, I have these three pensions, all frozen at the moment as I'm not working, awaiting emmigration to Canada in January 09. Company Pension £11,300 Scottish Widows £30,000 Scottish Life £5,300 My questions are: Should I consolidate them? Is it worth making a one-off contribution before I leave the country? Any advice would…
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Which bank account do I pay my NI from?
Sorry if this has been mentioned before, but I need to pay my National Insurance today and Im not sure whether Im meant to pay it out of my personal account or my business account? As you can tell, Im new to the whole thing! Any advice greatly appreciated :-)
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A decision concerning my pension – please help
I recently took voluntary redundancy after 15 years of working for the same company since I was 19. I’ve been sent a letter asking me to make one of the following choices concerning my pension: (a) The accrued benefits to remain in the Retirement Plan until you reach retirement age. (b) Transfer the value of your benefits…
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transfer of pension
Hi, I am new to this so I hope I am doing it correctly??!!!I have a frozen private pension which I paid into for about 14 years with my previous employer (made redundant). I have the option of transfering to another pension company which I would like to do but do not know where to start. I am not working yet so at the…
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Retirement Age - new rules
Hi Has anyone had the shock of their life when checking their new retirement age. I thought I was retiring in 6 years but the government calculator says it's now 10 years before I will be offered the state pension. I wonder if we can appeal against this? I think mostly women are affected. It's a hell of a difference and…
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House Husband - pension?
This is going to sound like a stupid question but we are in the reverse position of what many women seem to be going through. My husband served 9 years in the forces so will be entitled to a small pension from there. He left about 4 years ago and since has spent some time self employed and a year teaching. Because of…
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Accessing pension before retirement
Hi. I've only just started my career and 5% of my salary is paid into a pension. I know it's probably a good thing to be paying something towards a pension but there is a part of me that feels frustated that I won't be able to access that until retirement - it is of course my money and yet I won't see any of it for many…
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Phone Interview at Mercer regarding Pensions
I am an undergraduate and I've got to the stage of having a phone interview with Mercer regarding becoming an Investment Consultant. They said I would be asked to tell my knowledge of the Pensions market/sector. I was wondering if anyone could shed any light on the situation of what I would need to know, what would impress…
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Retirement pension options.
I have been offered early retirement(58 years old),in a final salary scheme.Options are annual index linked pension of £9,500,or tax free lump sum of £40,000 plus annual pension of £6,000.Am i right in thinking i'd have to get more than 10% before tax(impossible!) on the £40k to make it worthwhile?Any advice welcome.
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Going to sort my pension today - any help?
Morning all. I've taken the day off to finally take some decisive action on my pension. I'm 41, recently married. I've got a small dormant pension with Equitable Life (circa £7.5k) which I know I should have got rid of long since but I suppose at least it won't have taken as much a battering as most of late! Also got a…
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income support and working please help
hi i am new to the site so im sorry if i have posted this in the wrong place.. i really need advice.. you know what.. Jancee don't offer advice if all your going to do is use harsh tones, no one is one here to get spoken down too!!!!
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Making a Will
morbid subject I know.. but can anyone suggest a good (cheap) way of making a Will. I have been quoted £400 by a solicitor, and had no idea it was so expensive! cheers, -T.
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Is it worth sticking with the Civil Service for the Pension at my age?
Would be grateful for any advice - to my shame I am a complete Pensions numpty! I am 41 (ssshhhh!) and have worked full time for the Civil Service for the last 23 years - I have about 21 years reckonable service (couple of bouts of maternity leave). Having joined at the lowest grade there is, I have taken the last 23 years…
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Both ill health retired...total income about £14k
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Help
Please can someone help with advice? My friend has a large income tax bill to pay and has enough money in a frozen pension with the Pru to pay the Inland Revenue who are on his back. He wants to pay it off desperately as it is causing him a lot of stress. Is there any way to get his hands on this money? I have told him…
