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Full Pension or Lump Sum
I can retire this year age 50 with an index linked pension of circa 24000 or alternatively a reduced pension of 18000 and a lump sum of 114000. A commutation rate of 19. I'm not taking the full pension. After 65 there would be tax advantages in having a pension lower than the point where the age related personal allowance…
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UK Equity vs. World (exc UK) Equity Investment Fund for Pension
Hi, Im currently in the process on deciding what pension fund I want my pension paid into. Im 22 years old and so it is early stages for my pension. I have a choice of funds that include equity, bonds and cash. As I am in the early stages of my employment and pension savings, I understand that equities are the best funds…
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Inheritance tax
I am married but separated and my husband was the main earner. If anything happens to him, I will get 3 x his salary £330,000 + £200,000 life insurance. With inheritence tax, do I understand correctly that I will have to pay 40% tax on anything over £300,000, and if so, how can I get round this? We're both in out forties,…
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How do you buy 5 ETFs cheaply each month?
Ladies and Gents, I am looking to invest in 5 ETFs every month. As a way of building a long term investment portfolio and hopefully leave something in the future to my children. Can anybody give me any advice on how to do this cheaply ? Any advice would be gratefully received. Thanks.
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Pension / Retirement Planning dilemma
Hi all I’m deliberating with regards to a pension or other form of retirement funding, at present I’m not contributing to a pension, and have not been doing so for some years, I’m aware that It is preferable to seek advice from a IFA, but I thought I’d seek some views and advice from the forum first, as I’m bit weary with…
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public service pension, advice please
i have recently been awarded half of my ex`s pension in a divorce. I am 54 and am told i can not have this pension until i am 60. Does any one know is it posible to obtain a lump sum at the age of 55? Any insight will be greatly appreciated, thanks:confused:
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What counts as capital
I retire in Oct and need to claim benefits. I have £20.000 belonging to my mother in my name. Is there anything I can do with it so that it doesn't stop my claims. (Apart from giving it back) Thanks Jean
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pension advice please
I'm on long term IB, but am 60 at xmas. What will happen then ? My OH is on pension credit, will they just stop my money and increase his ?
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Help please. 60 next month. Not sure what I'm entitled to.
Hiya, help/advice please. I'm 60 next month and haven't spoken to anyone who can tell me exactly what amount of money I will receive for pension. I currently receive IS and DLA - personal care middle rate - mobility higher rate. I paid married womens NI contributions, so was told by Pension Services I had to send in…
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Dads Retirement Plan - Advice/Comments appreciated
Good afternoon ladies and gents! I'm hoping those with more knowledge than myself could give your thoughts and any comments/suggestions on this situation. My dad is 60, 61 next month and wants to retire this year. Current situation:* Owns home outright * Very small mortgage to pay on a property in Turkey (which may well be…
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LGPS & AVC's query
My mum retired on 26 Dec 2008. She is in the LGPS and has also paid AVC's into it for many years (invested through Standard Life). As of Friday 23/1/09 she is still being told that it is not possible to calculate how many years she could buy back with her AVC's due to 'waiting on new factors' that apparently came into…
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Dormant AVC Account
About 20 years ago I started a savings type account with General Portfolio. I was later persuaded by representative to change it to an AVC. GP then became GAN and was later formed into or was taken over by Windsor Life. About 10 years ago circumstances dictated that I had to suspend payments into the AVC. I don't wish to…
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Pension rights in two countries
Before retiring, I worked continuously for 37 years. Of these, fourteen were in Ireland. I paid PRSI in both countries at all times and am now looking at what my pension entitlements will be when I reach 65. Can anyone tell me if under current rules, I can pay up my UK credits to give me the 30 years now required for a…
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NHS pension with added years
I have 18 years in the NHS pension scheme I also have a contract to buy 9 added years. If I were to retire at 60 I would have (including the added years 37/80). Unfortunately, it is unlikely that I wil remain well enough to work until 60, and as I have some significant health issues I may want/need to retire in 5 years…
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Cashing In A Pension.
My wife has a small pension with Norwich Union from a past employment which she has decided to cash in. She has another pension from her current employment plus State pension to help her in retirement when it comes. The cash sum would be very helpful right now. The current value of Protected Rights units is: £5,865.31 and…
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Guaranteed Minimum Pension/early retirement
I have a deferred pension from an ex-employer: the normal retirement age is 65 (in 2012). However, they offer an early retirement option. I asked for a quote for this and was told that they have to pay me a statutory GMP at 65 (because I was contracted out of SERPS). They calculated that if they pay an early retirement…
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To retire or not to retire??
Hi I'm a just-60 female and can retire with a public sector final salary pension. Is this a good or poor time to retire? Should I wait a year? Any advice/views would be greatly apprecaited. Carole :huh:
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J T
I am 63 and have a fully paid up pension plan. In view of the current financial situation, would I be better off using the open market option, and putting the cash into a high interest account, knowing that my money is guaranteed by the govrnment , should the bank fail? Unlike an insurance company.
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End of final salary pensions - in public sector too?
Al the stuff in the news currently about the closure of final salary schemes in the private sector, do people think this is likely to happen in the public sector too? Im 25 have been teaching and contributing for 2 years to the TPS, I still have 43 years to go until I retire, should I face the fact that I wont get a final…
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Legal And General - Group Stakeholder, fund options
Afternoon All, Having finally qualified for my Employers group stakeholder pension, I received the paperwork this afternoon. My employer will match my contribution, up to 5% of my annual salary, so obviously I'm keep to get this free money. Whilst I know that you can't give advice, I'd appreciate your opinions of the funds…
