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Saving for retirement (advice rquested)
I’m 29 (30 in April) and OH is 34. We would appreciate some advice on saving for retirement. We have some savings in cash ISAs and savings accounts but this is earmarked for the deposit on our first home. I have a company pension to which my company contributes 6% of my salary and I contribute 1% (I can contribute as much…
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Looking to take out a product to supplement my final salary scheme.
Hi all, I'm fortunate enough to be in a final salary scheme with my Police employers (joined about 7 years ago). I transferred seven years of non-contributory pension over and it achieved just over a years worth of service with the Police pension scheme (I did expect this!). I am looking to take out a private pension…
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avc pension mod
i am a civil servant and will have 42 years service at time of retirement i have been paying avcs for the past 11 years in addition to my civil service pension , am i best continuing with this or invest the money elsewhere , i pay £200 a month into my avc . any advice welcome .
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2009/10 lump sum contributions into a SIPP
When can you start to make these? Is it only after you have earned what you intend to contribute, or can you contribute in April in anticipation of earnings for later in the tax year?
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totally flustered with numbers
i am currently paying into what i thought was a good pension scheme with my company, im currently 27 and only just started with paying into it 6 months ago.. currently £470 a month is being paid into it which works out at 20% of my monthly salary.. 6 % from me 14% from my employer and a £200 pension bonus in february... my…
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Surrendered pension problem! Can I restart an old pension?
I took out a stakeholder pension in 1999 with a reputable pension provider but only contributed around £500 in total as I had left the company who arranged it for me in 2000. I contacted the pension provider this year (2009!) and they have told me that the pension had been surrendered due to lapsed payment; I hadn't…
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Should I start a pension?
I'm looking for advice in light of a bonus payment I will get from my employer. It's a fair chunk of money and if I just take it as salary then I'll get roughly half, given the tax/PAYE etc. Does anyone know how I can mitigate the loss through a pension? I currently do not have a pension of any type. I invested,…
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Claiming State Pension
My wife reaches state retirement age in March, but apart from the last pension estimate we received back in the Autumn we have heard nothing from DWP. We checked on the DWP website where it states that you should be contacted 4 months before the due retirement date and if you've not heard anything from them 3 months before…
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Thinking about starting a pension at 35
Im 35 and have come round to the thought of starting a pension. Ive always avoided pensions because of all the scare stories you hear, and my mother is due to retire this year and has seen her pension slashed dramatically due to current climate. The company I work for has no pension scheme, Im a basic rate taxpayer, I have…
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About the see an IFA
Hi, just been browsing through this forum and am ever so impressed with the knowledge and helpfulness of people. I will shortly be seeing an IFA to discuss my finances but would love to get some views from people here beforehand. I am 55, took early retirement in 2005 and live quite comfortably off an index-linked final…
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Good time to combine my pensions together?
I am in my mid twenties (i.e. not retiring anytime soon) and have a small ~£3000 pension through my previous employer's group stakeholder pension scheme - I'm no longer paying any contributions into this fund. When I moved to my new job 6 months ago I set up a similar pension with them (currently ~£1000). I'm considering…
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Pension Options available?
I have a company pension that I have paid into each month for the last 10 years and I add AVCs to that money. Is this the only pension I am allowed to have or do I have the option to have an additional Stakeholder/SIPP scheme? Thanks in advance:confused:
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Job Changes, State Pensions and Advice
Hi All, I've been reading around for about a week now on what to do for a pension (ISA or PP or SHP). I can't trust myself so the ISA is out, and (correct me if i am wrong) the PP offers more control over what ratio it is invested in what areas. Anyway, I'm 26 now, I did have a pension at my old work which was moved about…
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LGPS new-style additional contributions
Has anybody done the Maths on the new LGPS additional regular contributions scheme allowing you to buy additional chunks of pension in multiples of £250. To my untrained eye it looks quite good, with the benefit of certainty(?) by way of a guaranteed payout at 65 with annual RPI growth. I'm 42 and am considering investing…
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Looking for advise on my Pension
HI, I am 63 and I have a pension with AXA and it is split into two investment areas, and I changed over to this on Jan 2008, one being called The property fund (20% proportion and a bid price of 254.40) and the other being called The retirement distribution fund (80% proportion and a bid price of 1364.00),I have had the…
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Defer payments into ISA instead of pension in 09?? advice
Hi, I have a very small personal pension which I contribute £80 a month into in addition to a works one and was wondering if, considering the poor state of the stockmarket whether it would be more beneficial to put this extra money into ISA instead until things pick up and then transfer back over the money into Pension?…
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Can anyone sell this idea to me ?
I'm 50 yrs old, so in theory only 15 more yrs of work till retirement . I'll be eligible to join my companies pension scheme soon having been with them just over a year. Given that we find finances pretty tight at the moment like lots of other folk - can anyone persuade me that joining any scheme will be a good move, given…
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A few years - is it worth it.
Can I ask for some advice of you knowlegable folk. I have read quite a lot on the subject but am just starting to confuse myself! I am about to retire aged 52 with a final salary pension of £20,000 index linked. However I am also to remain working part time and I estimate the salary and pension will put me into the higher…
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Pension and Administration
Hi all, Sorry if is this is in the wrong place or should be an easy answer. Can anyone tell me what happens to a pension that is held by a company that has gone or could be about to go into administration? The pension in question is help by the the Dixons Group. Thank you :beer:
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Early retirement questions
I am a deferred member of a defined benefits scheme, aged 54. I wish to start drawing my pension asap, and have obtained figures from the administrators. As an alternative to taking my pension from the scheme, could I take a transfer and immediately buy an annuity? What would be the mechanics of this, would the transfer…
