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Dormant pensions
I've got 2 old company pensions that I no longer put money into, and they're worth about £2,000 between them. As I understand it, I can really only leave them as they are or transfer them into a new pension scheme with a new provider, I can't access the cash until my retirement age. Is this right? (I wish I could access…
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Pointless Pension Pot?
Having decided to request my personal pension annual statement from L&G earlier than usual, I find my embarrassingly small pension pot has shrunk even further. It has lost almost £3,000 in just 8 months :eek: . My money has been invested in the 'managed fund' which is meant to mean moderate risk. As I am 52 and it matures…
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Unlocking pensions
Could somebody give me some advise on unlocking pensions. I have just found a couple of websites where you can get some of your money from your pensions if you are over 50?
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Pension Holiday
Hi I currently have a Stakeholder pension and things are a bit tight at the minuted and i wondered is it possible to have a pension break?
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Pensions Decisions, Decisions !!
My current final salary/care scheme pensions finishes at the end of Feb and our employer is recommending transfer to an L&G stakeholder. The decisions I have to make are complex as I am also due to be made redundant in Sept/Oct. 1. I currently have a GMP assigned to an AVC within the Final Salary scheme that my SIPP…
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Badly advised
Recently my parents had advice from a combined IFA and accountant that they could reduce their tax payments through passing the money through various vehicles including a pension until it came out the other end and had significant tax reductions. Unfortunately part way through this process the accountant died, and the…
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Bt Pension
Hi my dad has a BT pension which he started claiming at 55 , 14 and a half years ago. The pension fund was worth £200,000 , his exwife claimed 43% they both get a monthly payment. His question is can he still take a tax free lump sum if so what percentage?
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AVC's into Teacher's Pension? 32yr olld.
Hi, Just a general question about the feasibility of the following. I am 32, I joined the final salary Teacher's Pension in Jan this year, previously to that I had no other pension. I currently pay £164p.m into the scheme, but I can actually afford to pay more, perhaps up it to £200 p.m. I want this to make up for the…
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Company wants to stop pension contributions
The company my wife works for (a medium sized partnership of solicitors, financial advisors and estate agents) is, like many others, going through the process of shedding jobs and reducing staff hours. Now, in the midst of all this, they have sent a letter to all staff asking if they, the company, can take a 'pension…
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withdrawing pension fund
My 35 year old daughter would like to withdraw money which was paid into a pension that has been frozen for many years,is this possible and how please
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Home Responsibilities Protection
I hope someone on here can help - this information is for my mum. She is due to retire in Oct 2010 and a pension forecast shows that she will receive just 5/30 of state pension, so just £15 per week. I have read through the pension service website and it looks like there's a certain number of years she can claim while me…
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The Pensions Trust
My employer has the Pensions Trust as its scheme (they're in the process of moving us from the Series 3 plan to the Series 4 plan). They contribute 8% of my salary and I have to pay 6% plus I make AVCs of 9% (total from me is £115 monthly) I save the full amount annually into my cash ISA and also have a regular saver…
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Best place to get Scottish Widows personal pension?
Hi, My work doesn't have a company pension, instead they will pay into a personal pension of my choice. I think I want a Scottish Widows personal pension but am unsure how to set it up. Do I need a IFA, can I apply directly? Alternatively I could apply through Lloyds TSB but have heard this is not a good way of doing it,…
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We have no pension provision yet
I am a stay at home Mum and my Husband works abroad, we have no pension provision though. I am 33 and he is 32, he doesn't pay tax as he is away for most of the year (I travel back and forth) His (foreign) company offers no scheme. Off the top of my head, I think we could afford to pay about £200 per month towards saving…
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Transferring pension money into own account
Can anybody give me any idea how to go about this in a nice way. A relative of mine collects my nans pension for her, but has been taking money out and putting it into their own account. My nan as got the onset of alzheimers so has no idea about her money. Is this illegal what they are doing?
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Additional Contributions
I am a member of the LGPS which I believe is one of the better pension schemes. My understanding is that from April you don't have to take a lump sum but can take it al as pension. My query is this - if I paid contributions into another scheme (a SIPP) for arguements sake) if its total when I retire (which won't be for at…
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Private Pension or Stakeholder?
Hello, Just wondered if anyone had any views on which is better!?.. I'm recently become self employed since having a baby and only just realised that I should look into pensions, as being self-employed means I won't receive company pension contributions if I was an employee, and nor do I qualify for secondary state…
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ICI Pensions not responding
Bit of a long shot that anyone else has a similar problem but.... We have been trying to trace old pension entitlements for my wife. 1- NHS 2- ICI Information obtained through the pension tracing site in November 08. Wrote to both in November and got a reply from NHS in December with good news. Nothing from ICI so wrote…
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Early Retirement
I will be 57 later this year. I am a civil servant and am seriously considering 'partial retirement'. I know I would have my pension reduced for retiring before 60 (I am in the classic scheme) by 5% per year, that is 15%, and my lump sum reduced by 2.5% a year, that is 7.5% and I will not have paid as many years into the…
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Lump sum payment & benefits
Hi, This is my first post....So, here goes....... I am 56 in April and not sure of how the following will affect me, or even the best thing to do!? A pension from a company I used to work for, is now being wound up. It was to be transferred to another scheme similar to the one it was in & continue until my retirement age…
