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AVC advice please
Looking for some advice/opinion on my possible retirement situation with particular reference to my AVC situation. I hope that there also may be some learning for those younger than me in the certain knowledge that if I had known several years ago what I know now (thanks to this site) I would have managed things better.…
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Advice regarding: Tekram Goldberg Ltd (Serps)
Hi, I wonder if anyone can give me some advice, on who to get in touch with regarding this company. Some time ago I paid £500 to (Tekram Goldberg Ltd) to look at my Serps and see if I was entitled to any back. But have not herd anything, I've phoned several times, no one returned my call and I cant get through now. Only…
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Stakeholder Pension and Employer's Pension?
Hi About 7 years ago, whilst I was not earning any income, my husband started paying into a stakeholder pension with Norwich Union for me. Since then I have returned to work and am paying into a pension to which my employer is adding a contribution. It has just dawned on us that we may not be allowed to pay into a…
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Class 4 Tax, Another dept for the hard working
I have just had a meeting with my accountant, where i got onto the subject of state pensions. Im self employed and pay CLASS 4 national insurance, this is at 8% of my profit so slightly lower than the 11% paid by employees. From her information i learn that my 8% will never be added to any state pension it is just put in…
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Transfer existing pension or get new one?
Hi there, I am 34 and had a Group Personal Pension with a previous employer which is now £6000 as I chose to contract out. As I am the only employee in my work, I do not get a company pension. I have not contributed to my pension since the end of 2005 when I left my employment. I am now looking to start making…
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Advice on Pension needed
Hi All! I am 25 and run my own business and have never had a pension thus far. What shall I look for with a pension? I have no idea about them at all, but need to get to know so I can start planning for the future. Thanks Dean
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21 Year Pension Performance
Back in 1987, I started a personal pension with Scottish Amicable (now Prudential). In 1993, the projected final fund value in 2012 was £55,200 - £105,000. Last week, a new projection for 2012 was £30,400 - £34,800. Although I expected a deterioration, to go from a possible pension projection in 1993 of £12,300 pa to last…
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Pension from husband's contributions.
My husband (66) currently has an additional amount on his state pension for me as I have no income. I understand that when I turn 60 this will then be paid to me. I will be 60 next month but have had no correspondance from the pension people. Do I have to claim this pension to have it paid to me? If so how do I do this?
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How can I check if I've been mis-sold a Norwich Union stakeholder pension?
Hello all, I think i might be one of the 34,000 that could have been mis-sold a Norwich Union stakeholder pension. But how do I go about checking? Would anyone be able to point me in the right direction? Thanks in advance. RT
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Two personal pension plans
I have two personal pension plans, one with Scottish Widows that I took out with my old employer, into which I no longer make any payments; the other with Standard Life with my current employer, into which I (and my employer) make monthly payments. The SW one doesn't have very much in it. My question is whether there's any…
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Pension switching - is it possible???
Hi all My question is quite a long shot but is it possible to switch a pension I have with Standard Life that I no longer contribute to (it was one from my last job so now contributing to one in my new job) and use the funds to pay for the required deposit to get onto the property ladder? I can certainly afford a mortgage…
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Is now a bad time to buy an annuity
I am 63 next Jan and have a very small pension pot of £21k, i have been given a forcast by my FA of about £5000 lump sum and the rest giving me £97 per month gross Frankly I could do with 25% cash free lump sum but should i wait until i am 65 hoping for an upturn from this global recession or is this as good as it will get
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Cashing in a Pension Now after Redundancy - A bad time?
The title says it all really. I have absolutely no idea about pensions, so apologies if this is an obvious one! My father who has recently been made redundant at 57 is contemplating cashing in a percentage of his pension. Is it a bad time to do so? Thanks Ian
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Pension vs savings?
Sorry, I have no clue how pensions work so forgive my ignorance... Me and my husband are thinking about investing in a pension. We have some savings at the moment and my husband works while I look after our child. However, we are not sure if it is better to put money into a pension or just put money into savings. What is…
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Annuity Rates/Options
Hi, hubby is about to purchase an annuity and discovered (FSA site) that the benefits for level of income for spouse is only marginally affected by opting for 100% rather than 50% payment. EG Based on a fund of £20,000, level income P/A works out at £1236 for 50% or £1176 for 100%. The latter appears to be far more…
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Extra into company scheme or AVC ?
Is it better to contribute as much as possible into the company (career average) scheme or put some into an AVC (with Standard Life but also through the company). Bearing in mind I expect to be redundant long before 65, is putting some in the AVC the better option ?
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Opt in Opt Out SERPS
Hi, Many years ago when I started work at 17 as an apprentice with a GEC Ferranti, I joined the company pension scheme and at the time was advised to opt out of SERPS and take out an APP pension. This APP (appropriate personal pension) was funded by NI contributions only. After less than two years in the comapny scheme,…
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Will Drafters Ltd. - What do they do?
My father has just been diagnosed as terminally ill with cancer, the outlook even in the short term is quite bleak. I have decided to start trying to organise things as best I can but have found that my parents have been paying for all sorts of schemes/plans/insurances most of which I would consider unnecessary. I was most…
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Winding-up Pension ???
My pension is being wound-up ?? I had pension provided and paid for by my employer who has since wound-up in approx 1985. The pension company has told me that the pension has to be wound-up and that I should become a trustee to carry this out. If I didnot do this, they would appoint a trustee to do this with a charge.…
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L & G Group Stakeholder Pension Fund Help
I have changed to a new employer October this year. They run a Group Stakeholder scheme which they pay in 8% and I opted for 3% for now. I have asked to speak to an advisor hooked up with the company, but to date I am still waiting. As I really did not know what to choose, I opted for the 'default' fund on the paperwork…
