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Pension less than 2 years and company changing can i withdraw it
I had a pension scheme through my work which i have had for 21 months. they have now cancelled it and want us to join the new scheme. however you have to put a minimu into the new scheme. Does anyone know if i can withdraw the money i have already put into my pension which is only about £500. As it is just going to sit…
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SP2 conditions
Can anyone tell me where I might find out what % of NI contribution goes into SP2 opt out? I understand it's dependent on age? Also, at what age can one take these Protected Rights contributions as a pension? Is it only at 65? I've looked at pensions website but can't find info. If someone has a pension pot made up from…
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SIPP Strategy
Hello Can anyone guide me on the following? I am intending to set up a SIPP before the end of this tax year. I want to contribute a lump sum before the end of the tax year, initially into a cash account in the SIPP. I will then gradually invest the lump sum in various ETFs over the course of the 09/10 tax year. I read…
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Back Charges
I have a PPP with AEON and they recently contacted me stating they hadn't been taking all charges due so they took it in a lump sum.The total I have invested is £10800 and they took £1400 in back charges for the last 6 years. They have been deducting charges yearly which although not shown transparently on my statements I…
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Pension options
My wife has just had her pension statement from Standard life. She started this pension many years ago before she joined her occupational scheme and hasn't paid into it for years and has no intention of doing so. Does she have any options,as this pension is effectively redundant. The statement value is nearly £7,000 and we…
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Each borough offers different funding options for people
in old age? some areas of london are relatively generous others aren't . apparently boroughs work very independently so you could be in a borough where you will have to sell all your assets to get carer help others don't do this to you. Anyone know what it is like in their borough? this sounds very unfair that people in…
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Pensions advice sought
Hi everyone, I'm hoping that you can give me some honest, straightforward advice. I'm 35 and have been contracted out of SERPS since I was 18. I am currently employed in a temporary position and earn c. £40k pa. I opened a Scottish Widows stakeholder pension some years ago - but then never paid anything into it. At the…
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Section 32 buyout
Hi I have a section 32 buyout bond with an insurance company, it has a guaranteed minimum pension clause, it matures mid 2010, what might be my options, I hear that annuity rates are likely to fall so I was considering the draw down option but I dont know at what amount this can be invoked. Grateful for any advice many…
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Retirement dilemma
Newbie to the forums here - I hope I've picked the right one ... if not be gentle with me and point me in the right direction please Husband off sick and on half pay for next 4 months. Awaiting surgical procedure. Employers wont commit themselves as to if he can return to his normal job. If he can't then as he's 63 they'll…
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Pensions Death Query
Hi long story short. family friends commited suicide last week. leaves wife and 2 young kids. I am a pensions administrator and volunteered to look at the pensions which the man had. I deal with FS and MP schemes (current). Have just taken dealivery of his pensions paperwork and some of the schemes are now in 'wind up'…
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Carer for a family member ... how does it work..?
a family member is looking after someoen from the family . he has a pension not that high but slightly higher than pension credit with his wife. is there any point him claiming for carer to this 80 old lady? will he have to pay more tax. he is retired and does this to help out but takes up a lot of his time. thanks everso.
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Eeek - Just got annual pension fund statement through
I just received my annual pension statement from Standard life for my stakeholder pension (pn s7). Half of which is invested in their UK stockmarket fund and the half in their Ethical fund which is also UK based. My pension overall is worth 21% less than it was a year ago, and i seem to remember it dropping last year as…
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Property in a Pension
With the current state of our Economy, and the way the state of the property market appears to be directly linked, do any of the experts (or non experts like me) think that our idiotic Government, or the next idiotic one, will one day revisit the idea of the direct holding of residential property in a Pension ?? I have no…
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Pension transfer and IFA fees
Hi I was part of my employers pension scheme until Dec last yr when I was made redundant. Because I was not part of the pension scheme for more than 2 yrs, I have been informed that I can either receive a full refund of my contributions or transfer the pension to another provider. The refund value is about £1200 but the…
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Help required - Pension Options
Hi, hope someone can help me. I opted out of SERPs when it was first possible to, my contributions going to a private pension with the Pru. I received a letter last week, from the Pru, advising I should out back in. If I were to opt back in what are the options open to me re: this pension. A few facts: I'm 51, being at the…
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Not sure whether to pay AVCs
Hi, I'm 25 and started a pension ~3 years ago. I've had a few promotions and gone from £16,500 to £26,000 with £21,000 classed as my 'reference' salary which is where the pension contributions come from. The rest is a bonus, albeit a pretty much guaranteed night-shift bonus. My questions are as follows. I've roughly got…
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Personal Pension sitting there
Hi, I contributed to a personal pension from 1994 to 2000 at which time I moved to Ireland and stopped my contributions. What happens now? I did ring Allied Dunbar a few years ago about it but I can't really remember what they said apart from the fact that I won't see the money until I retire. I am working full time for a…
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Contracted in or out pensions?
:mad: Can anybody please help me to understand the contracted in and out pensions. Currently I am contracted out and have been sent information tempting me to contract in? Cheers Donsa
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Vantage SIPP query
Hello Apologies if this has been answered before, I am new here and just feeling my way round. Like a lot of people who have been attracted to this forum, I have financial concerns, in particular about the future. I opted out of the State pension in 1986/7 and went with Equitable life instead. After this was realised to be…
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Optimal age for contracting back into serps?
Morning all, Could someone please explain why there is an optimal age for contracting back into serps? What happens\changes at that age. I am 35 and have been contracted out scince i was 18. Also I have read of the option of contracting out will cease in 2012, does this mean everyone gets contracted back in automaticaly?…
