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Variable Pension Option
My company scheme operates the variable pension option. When is this a no-brainer to take?
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What do I do with 3 small private pensions?
I stupidly took out 3 different types of private pensions over the years - a FSAVC (£10000 with NU) an AVC (£10000 with the Pru) and a Stakeholder (£7000 with Zurich). Any idea what the best plan would be now (I'm 56). I have a good enough finaly salary pension but I'd still like to make the private pension pot work!
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pension quandary
I am currently full-time employed with second final salary pension running (11 years) to finish at 62/2015 which I will not touch unless made redundant/retire (4% per year penalty). Aged 55 and recently quoted lump sum £49195, annual £7379 (less 20% tax £5903) from deferred (11 years) final salary scheme. Annual review in…
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Starting A Pension
Hi, I have been offered a company pension and need to instruct the group trustees to allocate the pension scheme to either the investment funds or the lifestyle option. I need help with choosing the best option for me as i do not have a clue. I must allocate allocate 50% into funds managed on an active basis and funds…
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Defined Contribution and Defined benefits!!!
Im very sorry about the last 2 thread that i have posted, as im new to pensions. I have done some research on this Defined Contribution and Defined benefits, but still getting no idea what it means, people are saying that there are current problems in the private sector. So any info is very helpful. Many thanks to all of…
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Use Pension Lump Sum to Help Pay off Mortgage?
OH is able to take part of his pension as a lump sum (roughly £17k). We have o/s mortgage of £130k on FR 5.89% for 2 years. Does anyone have any advice as to whether this would be an astute thing to do at the moment? OH is 55 and our main priority at the moment is to pay off the mortgage as quickly as possible. Thanks…
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Due for retirement
Hi I am 63 years old in March 2009 and had planned to retire then but don't think I can afford to, so I plan to carry on till I am 65 in March 2011. My worry is my personal pension, shall I defer it till 2011 or do you think I will lose more money then than if I took it in March 2009. :confused:
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Transferring into a new final salary pension from a preserved one
I would like to transfer my preserved final salary pension into a new final salary pension at my present employer as it appears to have better benefits but would like a IFA to check both pensions out for me. How do I pick an IFA on this subject? How much should I expect to pay? What questions should I ask? Thinking of…
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Insignificant FSAVC lump sum
I have £5000 in an old FSAVC. I stopped paying in when I had to retire because of ill health. I have a vague memory of reading that it may be possible to take all of a small FSAVCs as a lump sum. Is this right or can I only expect 25%?
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State Pension after 2010
My partner is considering taking early retirement. His state pension age is after 2010 - our understanding is that anyone retiring after 2010 only needs 30 years of NI contributions not 44. I think this includes women as well. At present he has 38 years - if he does retire now, would he be elligible for the full state…
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Letter from IR re pension....help please!!
Hi all , ok I have today received the following letter from IR. I vaguely remember signing up for some pension thing years ago , to be honest , I was young (ish lol),and fairly stupid in financial matters , and have absolutely no documentation regarding this policy.The letter is as follows..... Dear Mrs ........... We are…
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moving a frozen pension
Can anyone help me. I opted out of Serps about 10 yrs ago have been living in Mallorca Spain for 8 yrs and have not been able to pay into this pension at all as now live abroad so I have a pension that I cannot do anything with, I have tried to transfer it to mallorca but no body seems to be able to help me.
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Whats the Labour and Conservative party have the arugement towards pensions?
any comments is apreciated. Many thanks:rotfl:
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What's the current situations and crisis of state and occupational pension??
Just need a little info on this, any comments are apreciated :j . Many thanks
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My grandfathers pension advice?
Hi there, My grandfather has had me put as the sole beneficiary of his pension should he pass away (god forbid). He was a well paid journalist before retirement. What does this mean, I have never had to think about this sort of thing before, but he was adament he wanted me to know now, and im not sure how this sort of…
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Life Insurance DD doubled in 7yrs
Hi..we have just been going through all our paperwork and came across my husbands 'Term Assurance' (Legal & General) which he bought before we were married. It is a 30 yr policy that was purchased in November 2001. What we cannot understand is the 'guaranteed monthly premium' says £8.90 with terminal illness cover provided…
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Ok, I am a pensions dummy!!!!!
I have been paying into a private pension scheme (taken over at various times) for 15 years and have accumulated around £21,000 in that time. During this time I worked as a temp so it was vital for me to to do this. I have just started a permanent part time job where my employer is offering a final salary scheme (I know,…
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Stakeholder pension losing money
In May of this year, my husbands stake holder pension was worth £13,755 fund value. Just asked for a current update from Norwich Union, now only worth £11,396. On Wednesday I have a financial advisor coming round who sold me the pension, not sure what to do. Whether to freeze it, take out 25%, or to leave it running. We…
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triviality payment
I had a coop personal pension, which I stopped paying in to over 10 years ago. I want to take the fund of £8000 out as a one off triviality paymnet. I am 55yo. Is this possible or do I have to wait till 60yo.
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which all share tracker in HL SIPP
I have a Hargreaves Lansdowne SIPP and I am slowly putt5ing money back into the market. I would like to have a FTSE All share tracker that I can put monthly contributions into. I also thought this would be a good way of putting in the minimum requirement of £1000 for lump sums and then selling and rebuying say £250 in 4…
