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Pension Advice needed (Maybe complicated)
Would appreciate someone taking the time to read this and responding. My mum has paid into a pension for 19 years to Cussons UK Ltd. There is a strong possibility that this pension may cease as it's in a large defecit and has been for the last 3 years. She is 50 and no longer works for the company that the pension is with.…
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winter fuel allowance
does any body know when we're extra heating allowance that Gordon Brown said we were getting in January I think its £60 each for a couple or £120 for a person living alone
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married+single pensions?
Hi first time on the site, I am 65 in april and my wife will be 60 in may, if I claim a married couples pension can my wife claim her own pension, she sent for a pension forecast and it is only about £30 as she hasn't paid many contributions, but every bit helps.
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Help please with an H-L Group SIPP
Hi everyone I'd like a little assistance with my H-L Group SIPP if possible which I have through my employer. Under the scheme I contribute 6% of my salary and my employer matches my contribution and the tax benefit. Currently I have my investments set up to go into five different funds in various ratios, and this is the…
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IFA Fees and Benefit
Hi, I am trying to get a good feel for what fees I should expect to pay to have an IFA "manage" my pension funds? Also what is the benefit from my point of view of this over just leaving the fuinds alone. I should point out that past experience has made me very sceptical of any financial advice - this is probably a very…
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Debt and Pension
Hi All...First Post here. In a real sticky wicket just now.I have just started a DMP with Payplan,have an interest only mortgage,have no chance of releasing equity and work freelance.Am in need of cash pretty quickly to keep up payments and get me through the next 3 or 4 months. I am divorced,on my own and am 54 in Feb.…
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MVA penalty
I've just noticed in a recent post that someone pointed out that Standard Life impose hefty MVA under certain circumstances. I currently put 350 pm into a SL SHP (my cont + tax relief+ employers cont) and I'm planning to up this by another 150-200pm personal cont (from salary) from June this year. I also have a Pru PP…
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Moving jobs - pension advice please
I am about to leave my employer and have 20 years contributions into a final salary scheme. I am joining the Civil Service and have not yet received any details from them detailing the pension options available to me although I am expecting these any day now. Do I leave the 20yrs final salary pension alone or transfer?…
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Is this year a good time to retire?
Have no mort,/debts..good savings and a canny pension....would have considered retiring ?September .....but not so sure now...can work longer with good income....what about cost of living poss hikes in tax?? should I hang on or go? ta
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Pension contribution refund - trying to fleece me
Hi All, I have searched all resources i can and can't find any information. My partner has not had an pension contributions paid into his scheme for the last 5 years because the NI Number was incorrect. The pension company have still been taking the contributions and have had them sat in one of their funds. The penson…
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Company pension
Hi I was wondering if someone who give me some advice. My company pension scheme moves my investments in to low risk ten years before retirement. Now they are now changing this to five years before retirement, unless I tell them otherwise. When it comes to my pension I have a conservative approach to risk. Is it prudent to…
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Starting a pension in a credit slump
Hi everyone I'd appreciate some advice about starting my pension, as my employer has finally started up a stakeholder scheme (hurrah!) but I'm new to all this and don't have much of a clue about where to get started. Right now I'm conflicted on what type of funds to invest in, and even on how much to contribute - I really…
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Lump Sum payment to make up for half stamp contributions.
Hello wonderful MoneySavers!:j I was wondering if anyone would be able to point me in the right direction... My mum mentioned some time ago that there was a way to pay a lump sum towards her pension as she spent a large section of her life paying half stamp. Is there a site I can look at so I can pay this for her? Where is…
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My Employer and Stakeholder Pension
Hey, I currently work for a medium sized retail chain employing about 6000 people i'd say. Managers and above are entitled to join an Occupational Scheme where the company puts in some money and you put in some money in. Anyway for everyone below the level of manager according to my employee handbook we are entitled to…
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Best option - Transfer or Paid Up
Hi, Due to a change in circumstances I have to decide what to do with my own and my wife's pension plans, which were being funded by my own company. Currently I can no longer pay into these schemes. From what I have learned I have two basic options: 1. Transfer to another scheme. 2. Make the policies paid up. Unfortunately…
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Pension plan due to mature before I retire ..
I am rapidly approaching 60 and have just been informed that one of my plans is due to start paying out on my 60th birthday, it is a personal plan with Standard Life. However, I intend to continue working for as long as possible and since I am a higher rate tax payer I would lose 40% of any income from that plan - not…
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John Lewis pension
A number of years ago when I was a teenager I worked for Waitrose supermarkets for about 2 years at weekends/evenings. I believe that John Lewis contributed into a pension for me at the time. I am now a state school teacher. How would I find out if there is a pension pot for me? If there is, is it possible to transfer the…
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Defined Contribution
Shortly my company is to close its final salary scheme and offer an incentive for funds to be moved. They are replacing this with a 'Defined Contribution' scheme administered through L&G 5% contribution each. At the same time there are also shortly to be redundancies. Should we join the new scheme and then are subsequently…
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Free Canadian Pension
If you are between 60 & 65 & have worked in Canada you will be entitled to an interim pension. This came as a shock to myself & Mrs Biff. It does not matter where you live. Google Canada Pension & you will find the correct forms.
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Should I Open A Pension?
Hello, Here are my current details. Age 34 Savings - Cash ISA, high savers account and Stocks and Shares ISA Job - IT contractor I opened a S&S ISA last year and had been paying in £250 per month. It has taken a real hammering and so i frooze the payments on it for 6 months (until July '09) As a contractor my employer…
