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is it worth putting just £30 per week into a pension??
Hi i just was wondering if people think it is worth saving £30 per week into a pension my employer does not contribute anything above the minimum it has to...something like £5 per week. I am 31 and was thinking id be better off just putting in into my isa instead at least i can get at it if i need it.. any advice?
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Pension being changed
Hi when I joined my current company seven years ago we had a non - cont final salary scheme. Soon after this became a 50/50 final salary in 2003, new employees Money Purchase, and this was wound up in 2005 and transferred to a CARE scheme. Today we have been given 60 days consultation of a change to a 'Defined Contribution…
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Pension At 50
hi long time lurker on these forums i would like peoples thoughts/views/experiance of taking a pension at 50 i will be 50 next september and have a personal pension with the pru made up of contracted out and current contributions the fund on my last statement last march was 66000 i intend to keep working to 65 if possible…
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Are you Scottish and worried about your pension? Sunday Times needs volunteers
The Sunday Times is looking for people in Scotland who are worried about their pension and are may be even considering working longer to make up for money lost in their scheme. The article’s comparing public and private sector pensions. It is for this Sunday's paper, so they would need to speak to you either later today or…
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Transfer out or hold on in
I am entitled to a deferred pension from a previous employer’s scheme. This employer went bust in 1991 and is now only just in the final stages of being put to bed by the insolvency practitioners. Yes, 17 years! It is a defined benefit scheme now operating as a closed fund. The trustees have just advised that in their view…
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Help! I have 4 pensions and I dont know what to do?!
Hi I am sorry if this has already been discussed elsewhere but I need some help! :) I am 24, work full time and have a FSP with my local government job, pay money into a Scottish Widows private pension and have 2 other money purchase pension funds that arent worth much (a few grand each) Now the money I pay into Scottish…
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best pension plan for me ?
As a 37 year old self employed building work, i need to start a pension up. My forecast from the gov states that my stamp payments will give me a state pension after paying in for 30 years. I am looking to put in around £40-£50 a week. I know very little about pension and was told a tracker pension would be best ? any info…
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State pension short fall
I am posting this on behalf of a friend. They are 60 now and they are hoping to retire. They have had a forecast for their full state pension and they are short in years. They only have 27 years in instead of 39 years. Some of the rest of the years they have been paying married womans contributions which is not the full…
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Is now a good time to start a pension?
With all the current turmoil and uncertainty in the financial markets, it has made me take stock of my finances and plan a bit more for the future. I'm fortunate to have a decent job and most other financial affairs well planned. However I'm now 34 and still don't have a pension. I have access to a work stakeholder scheme,…
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State Pension Forecast
I'm filling in the form to get a State pension forecast. I'm currently in a contracted out occupational pension scheme (~30 years). Which box do I tick re National Insurance contributions? Am I paying full NI contributions? My NI code is D Thinking further about this why do they need to know? Surely from my NI number they…
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should i cancel my pension?
I'm self employed and have had a pension scheme for just over a year - in that time i've invested around £20K but the value of the pension is around £17k and decreasing by the day. Given the state of the markets should I cancel now and cut my losses, save the money for a rainy day, or just keep investing the minimum £300…
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Credit Crunch threat to pensions
I never used to worry about the safety of my pensions. But now seems like a good time to start! The question is this : in GENERAL terms, if a scheme gets into serious trouble, are members who are already collecting their pension in a more secure position that those who have yet to begin collecting (i.e. have not yet…
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Protecting my pension against sterling crash
What is the best way to protect or hedge an existing pension pot (now mostly in a sterling cash fund) against possible worst case pound crash scenarios as described by Kenneth Clarke in the telegraph recently? It does not seem possible in most pension schemes to hold cash in non-sterling funds. I'm currently setting up a…
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Unitised With Profits Pension
I have a 'unitised with profits' pension that has been frozen with Standard Life for the last 6 years. This pension has a guaranteed growth rate of 4% payable every year until the plan comes to maturity in 20 years time or 25 years if I work to 65. I have asked my IFA who is new to me as my previous IFA retired to review…
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Are my pension funds too risky?
Hello I opened a Norwich Union pension in 2007 on the advice of an IFA. At the time he gave me a questionnaire to assess the level of risk that I was comfortable with - the questionnaire score suggested that I am a 5/10 (medium risk). I agreed with my IFA that because I was 20 years from retirement and would like a higher…
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is this mis-selling?
my company are moving the retirement goalposts yet again. They are changing the normal retirement age from 60 to 65. i would have done 40 years by the time i'm 58 and should have recieved full pension at 60 i have statements telling me what i am to expect at 60 and how much etc (not a projection),but now that is out the…
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Pension problems
Help! My husband is self employed and has had a private pension for about 20 years. We are currently paying £100 a month and the government put in 20p per pound that we invest. Next year we are moving to France and are really undecided as to what we do with our pension. We coud really do with that extra £100 per month but…
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Where do I go to now?
Hello. I am trying to find out how to trace transactions made in a company pension. My dad has been paying into a company pension since 1983 and has paperwork covering most of these years. I am confused by the paperwork though as it appears that in 1993 a pension of £13k per year based on 1853 units (value proposed on…
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Claiming a pension lump sum...
and then starting another new pension? There are issues with "the use of tax-free lump sums from registered pension schemes to fund further tax-relieved pension contributions." Despite being able to put 100% of earnings into a pension since "A day", if HMG thought you were funding a bigger contribution than you used to,…
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Pension Help (25yr Old)
Hi all, i've a few similar threads but most seem to be about older people starting pensions. Ive got absolutely no idea where to start look! But i really want to get something sorted! Im 25 years old and earn £20,000. I am a home owner (mortgaged) with my wife, we currently have 30 years remaining on our mortgage but we…
