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How do I calculate how much I can place into SIPP
I have been paying into a final salary company pension scheme over most of this year and have recently been made redundant. I wish to minimise the tax liability on the redundancy payment through a SIPP pension. How do I calculate how much I should pay into the SIPP to minimise the tax liability? (note I cannot buy any…
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Pension Pot at 52
Could anyone give me a typical value of a pension pot for a male at 52. Been working since 16. Thanks Robert
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Best Choice of Stakeholder Funds to Survive Credit Crunch?
My stakeholder pension offers a range of funds - cash, fixed interest government bonds, index-linked government bonds, UK index tracker shares fund, managed UK shares fund, a property fund and a few other share funds. I currently have money in property, the 2 government bond funds, the UK tracker and the UK managed fund.…
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Making sense of pensions please help
Hi I am really after a bit of guidance on pensions as I really am quite clueless on this as it is usually left to my IFA who my company pays a monthly retainer to advise us. However, I have just noticed that as well as this payment they are also getting payments from my pension company based on giving me the advice so I…
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Retirement funding options
Hi, Myself (40) and my other half (32) took over a business last year, and are now directors and shareholders of a limited company. We're both taking a small salary (between NI LEL and ET), and our income is topped up by dividends from profits. I have a reasonable size (six figure) defined contribution pension pot from my…
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Enough contributions
I currently have a company pension which requires a 3% contribution from myself, in return for this the company contributes 20%. I have the option to increase the contribution by a further 3% which the company will also match. My question is - Is the standard contribution sufficient or should I top my contributions up?
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Standard Life Stakeholder Pension
This has performed reasonably well till this last year with fund value dropping by about 18 months contributions. I'd have been better off spending it on beer! I've reduced the monthly payment to minimum allowed of £16 and now need to find an alternative savings plan. It seems that 25% of my plan was in a "cautious" fund…
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No company pension, big mortgage, now what?
I've contributed into pensions in the past as my employers have offered schemes that they also contribute to. Now I'm in a new job and there is no pension provision at all. Since my last pension was actually a stakeholder pension the most obvious choice is to just start making my own contributions. I am a high rate tax…
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Zurich to Scottish Equitable
My advisor wants to move my personal pension fund from Zurich (which I been paying into since 1998) to Scottish Equitable as he says that the lower charges they have will result in a bigger retirement fund. Is this likely to be the case or is he just looking for a new commsion?
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To start again or leave for now
I came back from mat leave in Nov. While on leave I suspended my pension payments. This consists of 5% of my wage and the company adds 8%. I returned in Nov. I have had my statement, and obviously the fund has gone down due to the down turn. Should I start up the payments again? Or wait till the financial market picks up…
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SIPP - Use of lump sum benefits.
As a high tax payer I understand that I can pay £8000 into a Sipp which will be made upto £10000 with basic rate tax relief. I then reclaim another £2000 through my tax return making a net contribution of £6000. As I am over 50 could I almost immediately 'retire' and withdraw my 25% lump sum , in this case £2500, leaving…
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should we opt back into serps if self employed
MY husband has been self employed in a small buisness for 20 years , he opted out of serps many many years ago , he stopped paying into his pension many years ago also , now the pension company have wrote to him and asked him if he wants to opt back into serps , we havnt got a clue what to do , we cannot afford to pay into…
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Hsbc And Prudential Pension
My husband turns 50 in July and would like to take the 25% lump sum of his pensions but having written to them before Xmas we havent heard a thing. Also any advice on this would be helpful please.
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Pensions or Premium Bonds?
As a 40% taxpayer and having paid into a few pensions for over 20 years, am I better continuing to pay into them, or should I start to buy premium bonds? Investing the same amount of money each month, instead of paying into the pensions, which not surprisingly haven't performed well at all.
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Investments in AIG Life UK
Hi there Wonder if you guys can help. Just discovered that my mum invested her pension in an AIG Life UK Capital Portfolio Bond a few years ago when she retired. She has not looked at the value until recently and was unaware of the problems with AIG US. The value has lost a third from what she originally invested. Her…
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SIPP Problem, redundant and AXA Pension.
Please bear with me, this is my first post! I am 60 and was made redundant at Christmas. In 2006 my IFA advised I lump most of my various pensions into a SIPP, I asked that I wanted 'safe and secure'. So far over £100,000 of my SIPP has gone into liquidation, (Hardly safe and secure) so I am investigating whether I may…
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AVC & Tax Relief
When an AVC is purchased, is it possible to reclaim tax paid on savings interest as well as salary, providing that the AVC does not exceed 100% of salary? My wife's company scheme permits the AVC to be added to the pension pot and a lump sum withdrawn.
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Low Cost Sipp
Am I right in thinking that if one wanted to set up a low cost SIPP with the intention of buying large amounts of ETFs on a monthly basis it would probably be best to use SippdealExtra for the SIPP wrapper and SelfTrade for the trades? It seemed to me that the overall cost (annual SIPP charge with SippdealExtra and the…
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Pension advise
I've been contributing to my pension for the last several months now but the news came through recently that I have been made redundant. Tbh i'm not to disheartened and I didn't enjoy the job that much and i'm now seriously considering going to Canada for a while. Anyway as I'm hopefully going to Canada what will happen to…
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Pension for my wife?
Hi Guys, I wonder if you can help? I have a pension through my company where they pay a 7% salary contribution as long as I match it. In addition I make a small AVC on top of that. My wife does not work as we have a young family, but did previously and has a small amount (circa 1k) in a private pension setup by her…
