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Automatic National Insurance Credits at Age 60 (for Women) no longer exist ?
I'm trying to help my wife plan her state pension contribution shortfalls - with the various changes, she will now get state pension in 2018 aged 64 with 26 years credit (she no longer works). Older forecasts she had, stated she would get automatic NI credits from age 60 onwards (for 4 years). More recent information makes…
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Re Do I pay mortgage off on retirement
My apologies if this subject has already been covered, but can anyone advise me. The problem is I have a small mortage, £20000, which should reduce down to about £10000 by the time I retire in 2 years time. I have been told that I am best keeping the mortgage going, re-organising if necessary, the reason given is that if I…
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Stakeholder vs Personal pension - Please help
Hello all I am 34 years old and have not thought of pension until now. My company does not have a pension plan either so I am now keen to start a plan. I am been doing a lot of research on the net and wanted to know the main difference between the "stakeholder pension " vs "personal pension". The only thing I came up with…
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Is my hubby correct?
He was made redundant 6yrs ago at age 50. He elected to draw his company pension. He had 2 options. either take a regular sum of £160pm for life, or £245 till aged 60 then £64 for life (all figures nett). He says he was told by his pension dept that whatever pension he gets at age 65 will be deducted from his state…
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Equitable Life 8 years for a Government apology and no date for compensation
Yvette Cooper apologised yesturday for the regulatory failures which allowed Equitable Life to continue to trade. However, she was unable to give any sort of timetable for compensation and has ruled out a blanket compensation scheme. Compensation will only be given where someone has "suffered disproportionately". But she…
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Company Penshioner
What happens to a penshion that is already being drawn if the company goes bust, but the penshion fund is a separate entity
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London And Manchester Pension
Hi, My other half has just found an old pension statement from 2003 for the above pension company / emdowment investment. I believe these have now been taken over by Friends Provident. Can we get the money back, or invest it somewhere else etc etc, it was not a great amount, just over 2k ?? Thanks
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cash in pension??
I have had a company pension for 21 months. I desperatly need money towards my divorse as I cannot get legal aid. Can I and should I cash it it. I am 48 and pay £120 per month which I cannot afford anyway
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Standard Life Sterling Fund
Has anyone else been affected by the Standard Life Sterling fund? Last year I had getting on for £100K in equity funds, had a bad feeling about the stock market so switched to a safer fund. Standard Life told me the safest, lowest risk one they offered was the Sterling fund - next to no growth but next to no risk. A safe…
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Transfering my Pension...
I worked for a company for just over 2 years and accumalted a small pension amount, the combined contributions made totaled circa £9k, which is now worth £7.5k. Now I have left the company I have been given the option of leaving it where it is or transfering it to another registered pension plan. I am starting with a new…
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Help a Total Pension Newbie - I am clueless!
Hi guys, I will apologise in advance for being totally clueless with regards to pensions and having no idea of how any of it works! I have received a letter from the company I work for which basically said that they had been putting funds in my pension since i started and now i have about £700 which needs to be…
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Early Retirement
Hi All I am 63 and have just taken voluntary redundancy and decided to retire early. I am receiving a small company pension. I also have a small stakeholder pension which I have only been in for approx 18 months. I am yet to hear from them regards my options. I have a question which I have not been able to get answer to on…
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Pension and benefits
Hi I am on incapcity benefit and disabilty living allowance, and have just been medicaly discharged from my job of 25 years am 51 am wondering if it would be a good idea to take part of my pension now it would be 49% of it untill I pass away or wait untill im 65 and then take 100%, if I were to take some of it now would it…
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deferred pension
I was in the a university pension scheme for 18 years untillI left it last april The main thing I want to know is because I made the pension a deferred pension last april, will it have sufferred thr same losses as someone still in the scheme because of the stock market falls ?? what happens when a pension is deferred ?? Is…
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need advice
I have a small pension fund which was with my previous company which no longer is trading There is approx 80 k in Sun Life Flexible SunTrust Plan [Fully insured] Ltd company Retirements Benefit scheme I havent paid anything into this since 2000 Is it best to leave this with the Sun Life Or should I move it somewhere else…
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Railway Pension Misquote
I took early retirement from the Railway at 51 years of age in November. At the time I took a cash lump sum and a guaranteed yearly pension. I have today received a letter through the post from them stating that they have overpaid my lump sum by just over £500. They have asked me to send them a cheque for the difference.…
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Sipp Centre and IFAs
I had £133,000 transfered from my pension fund with Norwich Union and I was advised by an IFA to put it into a SIPP. As I am living abroad I was told this was my best option as a QROPS would be too expensive with just this amount. Norwich told me prior to its maturing on my 60th birthday that I could get 25% tax free lump…
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Redundancy Payment; Investment Dilemma
Hi, I am new to this forum and have recently been made redundant after lengthy service with a company which had a defined benefit pension scheme and a generous redundancy scheme. I appreciate that this means that I am in a more fortunate position than many who are currently losing their jobs. My redundancy package is…
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Taking out a new Stakeholder when I already have one
I've done a few searches on here re multiple pensions but I couldn't see anything that specifically answers my Q. I currently have a Stakeholder pension with Standard Life. I previously had a private pension (with Windsor Life which was 15 odd years old) and last year I transferred it into my Standard Life stakeholder. The…
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Early retirement hopes dashed
Latest research from Life Trust reveals that ‘…one in 10 adults currently working feel that, in light of the current economic crisis, they now expect to have to delay their retirement by as much as five years.’ Many people with defined contribution schemes who intended to retire early will have mis-timed the downturn in…
