-
invest higher %age of salary in pension during recession ?
as title really. I can invest up to 10% of my monthly salary into commpany pension scheme. However, in the last year I have seen the value of my private pension scheme go down by about £10K. (approx 25K invested). Some argue that during a recession if you buy more units your pension will be worth more in the long run. Is…
-
pension dilema any advice welcome
I have just lost my husband and am trying to maximise my money. I have a private pension whaich I can take at 55 (March) although I will have a penalty and it will pay a fund of 63000 instead of 74000 I need the 15000 lump sum. The monthly pension is around 228 a month which will be BR taxed I have been offered an annuity…
-
Tax question on 'triviality' lump sum
We are considering whether to buy an annuity or take a part/full cash payment on a small pension with L&G. The pension just falls within the £16,500 limits which allows us to take a full cash payment on the grounds of 'triviality'. However, I just don't understand their calculation of tax. The statement they provided…
-
With profits v Stakeholder
I know that with profit funds are not having any bouses added at present but are there any alternatives other than a Stakeholder to transfer a pension into? When (looking on the bright side) the economy picks up will the With Profits perform better? When this happens if the pension was transferred would this still have…
-
How much tax? Help please!
Hello all, I am now 60, recieved my tax free lump sum pension with the NHS and I am going back to work next month doing 30 hours weekly and my basic wage will be £26,123 pro rata. I will also recieve £530.00 each month NHS pension( which will be taxable). I am in the process of a divorce, we have been seperated for years…
-
Use Pension To Clear Debt
Hi everyone, would appreciate any help i can get. I am 35 and have debts of approx £20k i really want to clear them as my monthly salary has been dropped by nearly half so have no way to keep up payments. i have no savings but apprxo £25k in pension plans and my idea was to use this money to make me debt free but the…
-
pension fund
Hi Can anyone tell me if I can buy a commercial property (ie pub) with my pension fund and convert it to holiday lets
-
pension fund
Can you advise me can I buy a commercial property (ie pub) with my pension fund and convert it to holdiay lets
-
Help-Pension payout imminent
Apologies first for my naivety on pension intracacies. I am self-employed and used to think that when the time came for me to stop working I would be able to sell my business on and that that sum would help fund my retirement.Hence I never paid much attention to paying into pensions and only pay in £50 per month. Now comes…
-
Question on Pensions
Hi there When you claim an occupational pension you are usually offered to take an annual pension plus a lump sum. Does anyone know if you have to take the lump sum and how you work out what your total annual pension would be if you didn't take the lump sum. Thanks very much.
-
take annuity or wait a year or two
I pay 311 pounds per month into a fund which matures in aug 09 should i take :confused: annuity now or wait. think annuity rate might go down and stockmarket may fall further.Any advice appreciated.
-
With-Profits: An Impending Crisis ??
An interesting piece in the Sunday Times 'Money' section today regarding with-profits funds. The article highlights a "get out of jail free card" clause (known as "spot guarantees") which will enable investors to take their money out on the 10th anniversary of the bonds start date without incurring penalties or MVR's. The…
-
Mum has house ... but no private pension what do I advise?!
HEY everyone, Was hoping for some help with the following. My mum has her own house val approx 120k. SHe is 67 and has worked long and hard (she considers herself part-time now she works 40 hrs a week) but never really had the chance to plan for her future so has no private pension. Time is catching up and she is thinking…
-
where whould I invest my share of ez's pension?
I have actually posted this q before, but I'm a newbie and couldn't find my post, so apologies for duplication! My ex and I have finally got round to sorting out the pension question. I am entitled to approx £40 000 from his pension. My local govm't pension fund wont allow me to transfer the money there, and apparently I…
-
NI Contributions on early retirement
I am applying for Early Retirement on a Final Salary Scheme. I am 56 years of age and have 38 years paid National Insurance Contributions. If I do retire early do I need to continue with these contributions and will there be any affect on my qualifying for a full state pension in any way when I reach 65. Be seeing you!
-
help finding what a payment was?
my friend is on a pension and doesnt always check his post office account properly...he cannot understand why in december he had a huge payment from dwp local pyt.....can anyone shed any light on what this could be? i keep telling him to phone but he is always going to so i said i would try this site first... the money is…
-
Personal/Stakeholder pensions for Mums/Carers
Dear All, I've checked the forum but can't find an answer to this question so far... I'm a member of a company pension scheme and am responsibly paying my dues. My fianc!e does not yet have a pension plan and so we a researching what we should do - stakeholder/personal, what's the difference? So far I have worked out, for…
-
Contracting out of S2P via SIPP based question...
Please can anyone clarify the following for me... I am looking to transfer my "protected rights" personal pension from Zurich to a SIPP with Hargreaves Lansdown. As I understand it, once I do this, I automatically "opt back in" to the S2P. Once the transfer is complete, and my SIPP is up and running; is it then possible to…
-
pension help please
my husband has had a company pension for the past 20 years which will come out at 60. he is quite happy with that. his company have now ceased that pension plan and what employees to begin a new scheme. my husband is currently 45 and would ideally like to retire at 55. the new company pension is due to come out at 65. we…
-
NHS pension
Ive been offered to join my works pension Im 25years old and not sure if I want to join or not... The payments will eat into our outgoings more and I was planning on joining in a couple of years...if this a wise move or do you think I should be acting on it now? thanks
