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AVCs or ISA - which is better?
I've been paying into a Standard Life AVC since rejoining the Local Government Pension Scheme two years ago. Given the current stock market situation, and especially the recent news about Standard Life Sterling Fund, I don't know whether it would be better to stop paying AVCs and put the money into a cash ISA instead. Any…
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Hm Forces Spouse Nat.ins. Credits
My wife is 60 next year and has got 12 years home responsibilities protection and will have 15 qualifying years making 27 years total,so 3 years short of the required 30. When we first got married she spent 2 years in Germany with me as ' an Army wife'. Someone told us they thought there might be nat.ins.credits for wives…
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"Trivial Pensions"
I will be 65 on 6th April 2009:j (first day of the new tax year!!!) and have a "pot" of just over £16500 which I would like to cash in. The limit for tax year 2008-9 is £16500-does anyone know the limit for 2009-10?
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Higher-rate tax payer, contributions through payslip
I am a higher-rate tax-payer and have always paid my pension contributions through my payslip. I had always assumed that I'm only getting 20% tax relief on this and that I need to claim the additional 20% through my tax return or by calling the tax office. However, on searching these threads I came across this comment from…
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Help PLZ
:confused: Can anyone help! I'v Just Found Paper Work From When My Partner Took Out A SERPS Replacement Plan With Lloyds TSB In 1995, We have 3 Statements With Values On But Don't Know If They Are Still In Use As We Have Moved House 4Times Since Taken Out, Also We Would Like Too Know If They Are Still Worth Anything As…
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Pension Fund advice needed for novice.
I am 24 and was made redundant a while ago after 6 months with a company, I've been given the option of transferring the small amount (£1000) in my pension fund to another employer (which I don't have yet) or into my own pension fund (which I also don't have). I have very little knowledge of pension funds and don't really…
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Retirement income
I'm many, many years from retirement, but am thinking ahead and considering whether I'm making sufficient pension contributions. One of the key questions is the level of income I'll need after retirement (as proportion of pre-retirement income in real terms, rising with inflation). What is a normal/average amount of income…
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L&G Global (60:40) Index ?
Good evening... We have a money purchase pension scheme running in work. When I signed up to this pension we were given several investment types to choose from (all various L&G ones). Given that I had no clue of what these types were at the time (and still don't) I vaguely remember ticking a box, as most people did, to let…
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Early retirement
I have been in a DB pension scheme for 27 years, aged55. Would like comments on wether to take the pension now and carry on in the same employment as I am reading that DB schemes are now at serious risk and I would stand to loose serious money if my employer decided to change everybody to a DC scheme.
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Legal & General Personal Pension help Please!
Hi Both my hubby and I have a Legal & General Personal Pension. Regular contributions of £3600 per annum. I am 48 and hubby is 49. Funds are divided between: L&G Property fund L&G Distribution fund Now in the present climate it is losing money:o Our financial advisor says Ahh yes! But you are buying the shares dirt cheap…
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Government lashed over Equitable
See link here: http://news.bbc.co.uk/1/hi/business/7857881.stm "The Parliamentary Ombudsman has criticised the government's approach to compensating investors in the Equitable Life assurance company. Ann Abraham told MPs the government had misrepresented the findings of her report on the Equitable last year. The government…
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Can he go after my pension
I wasnt sure to put this in the pensions section or not! Just wanted some quick advice, I know I need to see a solicitor as well. Its about saving my pension if I split from my husband. Ive got no savings and huge debts but the only thing I have got left is the prospect of an OK pension (final salary) I've paid into this…
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Pension pot shrinking
I transferred part of my pension pot (the money purchase element) into a new fund approx 12 months ago and have discovered it has shrunk in value by just under 30% in that time.:eek: Could someone advise if this is this par for the course at the moment or should I be concerned. I'm not a 'gold chaser' and understand that…
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pension payments if emigrate to N Zealand
My husband and myself are thinking of emigrating to N Zealnd, to be with our son and grandchildren. but are unsure with regards to our pensions. I've found lots of advice but it's confusing as to what really happens to our pensions once we leave UK. Any advice would be welcome. Elliepat
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Stakeholder Pension safe option?
I have been contributing to a stakeholder pension with Scottish Widows and put a lump sum away each April of approximately £2800 per annum. It will be the 3rd year of paying but I'm wondering whether I'm doing the right thing. I have been working for the NHS full time since July 2007 and I am being told it would be safer…
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Is it a good time to start a pension?
Up to November I was a self employ and saved for 10 years in cash ISA's and index linked certs, I am in full employment now and it's my first company pension. (I am 38). The company have a stakeholder pension with Aegon Scottish Equitable with up to 5% employer contribution. I can easily afford this and do intend to fill…
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How many days are there in a pension year?
When I transferred my pension into the NHS scheme I was told I had X years + 339 days. How do they work this out? I'm trying to calculate how many years I have in my pension pot. I know I can ask the NHSPA but since I started thinking about it I'm curious. Does anyone know?
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Royal Mail Pension help please
Hi all hope i dont come across as stupid but i know nothing about pensions at all. Anyway i have had a pension with royal mail for about 3 and a half years. I no longer work for them and so no longer pay into it. What can i do now with this pension?? Can i cash it in? or do i need to set up a new pension of my own and…
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Incapacity Benefit and State Pension
I have been in receipt of IB since 1991. and understood that it was payable until the age of 70 years. I have just submitted my application for State Pension and have been told by the Pension board that IB will be stopped when I receive my State Pension on reaching 65 years. Can this be right. I will be £30. 00 worse off
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Serps Sp2
Hello. I'm a mid 20's guy who opted out of SP2 2 yrs ago. Not sure if it was the correct move, but i did it. Can someone explain to me in simple english, if it's a good idea to opt In / Out of SP2. Do take into consideration my age (24). Will their be a State pension when i retire? I've read on some threads that what you…
