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IFAs: the ones to avoid
Useful article on how to go about selecting a good financial advisor.
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sipp property question
one of the often quoted downsides of a pension is post crystallisation say with an annuity you can lose the fund that was built up on death. ok there are guarantees and you can have annuity protection but in the main death benefits aren't great. with drawdown i gather the remaining fund is passed on less 35% tax. what…
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pension in bankruptcy
if you go bankrupt but have a stakeholder pension with say £20,000 in what would happen to the pension? Am i right in thinking they couldn't touch the pension? is it any different if its a occupational scheme or personal pension?
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simple pension question
for simplicity lets assume the 40% tax bracket comes in when you earn £40,000 per year. if then you earnt £42,000 per year your savings would be taxed at 40%. If you put £2,000 into your pension you would get 20% relief at source and a further 20% through your tax return. If you say put £3,000 into your pension would you…
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Splitting AVC timing?
I have a company AVC in 3 Standard Life funds. Pension with Profits Pension Millennium With Profits Pension Stock Exchange One I know I can defer AVC fund taking up to the age of 76 once retired Is it possible to take part of the package at retirement early as tax free cash i.e stock exchange fund and leave the with…
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For the sake of clarity...
As someone who is rapidly trying to get up to speed with matters financial can I make a plea to those who post not to make use of abbreviations and jargon. I am learning a lot from viewing posts but am often left confused by those who are targetting specific individuals for a reply and perhaps excluding many from the…
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Is it too late to switch pension investment to cash?
My pension is invested in a mix of securities and property. I know I should have switched to cash a while ago (20-20 hindsight) but would it still be wise to do that now to stem any further losses or should I just sit tight and wait for those investments to pick up again. I don't want to be chasing the market and losing…
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Pension Contribution Question
Hi All, I know there are other questions on here relating to this but I have read the threads and am still not sure what to do....... I had a letter yesterday stating that there is a shortfall in my NI contributions for 2006/07. I understand this as I became unemployed and didnt sign on. I can pay £37.75 to cover 06/07. I…
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Claiming backdated state pension entitlement?
Hello, Please could someone offer some advice? I'm helping a family friend with their budgeting and when we looked into her state pension it seems she has been underpaid pension for the last four years. Spoke to Pension Service who confirmed she should be getting a married woman's pension but that it should have been…
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Is my dad's pension policy illegal?
My dad's been paying into his policy for about 25 years. The current value of the policy is about £20k Now, when he hits retirement age in a few years, he'll get a lump sum and a weekly payout for life. The weekly payout is so low that he'd have live to the age of 150 to get back the full value of the policy. Since it is…
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Pay into Pension or pay off debt?
Hi I've been considering stopping my pension contributions for about 18 months to clear off my debts and I wonder if it's a sensible thing to consider. I'm 31, currently paying around £175 per year into a final salary pension scheme to which my employer contributes about £400 or so. My understanding is that it's a good…
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Can I move my pension into another savings plan?
Is there anyway I can move the money in my pension to access it or maybe move it to an ISA or other savings plan??? Im 32years old and have had the pension for about 12 years.
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Deferred Pension
Hi, I am 51 years old, and have a deferred pension with British Coal. This is a final salary scheme. Will the fall in the stock market mean that I will receive a lower pension? Or is a final salary scheme not linked to the stock market? Thanks
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2008 Retirement nightmare
I reached the age of 65 in September this year and have accrued approx £190k in private pensions over my working life which is currently held in cash in a SIPP. In addition to this I have a small pension of £3k plus the state pension (£9k) which I have deferred. I intend to continue working for at least 12 months and I am…
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Widows Pension
hi My Father as just died leaving my Mother,he was paid a state pension of £95.47 per week,and my Mother a pension of £54.35 a week.I assume made up of his contributions.How will my Mothers state pension now be worked out.Any informaton would be very helpful. Regards
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Can I combine small pensions?
I have 3 small pensions ( 2 from S/Life and 1 from siemens ) paid to me after taking the tax free sum from each ,but the amounts are small. Is it possible to combine all 3 into one pension fund ( maybe a new one ) and get just one payment each month?:D Or alternatively, can I cash them in because they are so small??;)
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Current British Bank safety
Hargreaves Lansdown have just launched a high (ish) rate deposit facility for SIPP and ISA clients. Its with Bank of Scotland which is part of HBOS and offers 6% for 3mo, 5.75% for 6mo and 5.5% for 1yr. How confident would you be saving with HBOS? The amount is over the £50000 guarantee. Am I worrying needlessly? Thanks!
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NI Shortfall - Class 3 - working abroad
NI shortfall - qualifying years Hi moneysupermarketworld! Can anyone help give me a clearer answer than HMRC/NI office. :confused: I'm confused and a bit stuck. Before I donate more of my savings to paying Class 3s, do any/all of the approx 4 years working/contributing in the EU count as qualifying years for my UK pension?
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Pension
Hi, I've paid into a pension for 17 years and now i'm 50, can i have a lump sum if i'm still working? thanks
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How does an IFA earn money?
This may seem a naive question but I've previously had the services(via my company at no cost to me or the company) of a reputable IFA. The particular IFA gave me advice 14 years ago about investing in our company group AVC sceme which has now proven to be very poor given the current situation. Of course he did not know…
