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pension advice
pension help please i have managed to track down a pension i had in which i froze in 1999 its transfer value is at 2,700.00. I have a second pension which i have been investing in and is know looking fairly healthy. am i right in saying i cannot do anything with this pot of 2,700 till retirement age? ideally i would like…
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Have I Done The Right Thing Contracting Back In ?
I have paid into the NHS pension for 8 years now and I am 38. This has to be contracted out. I also have a personal pension with Scottish Life in which I am contracted out. Years ago I reduced my monthly premiums to £10.63 when I was skint so I'm not expecting mega bucks from this, maybe just enough to buy me a loaf of…
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Advice on setting up a pension fund for an 18 year old!
I understand that you are able to 'gift' £250 pcm from earnings. Is it worth investing this money in to a pension for my 18 year old son? If so where do I start and how do I know what/which is best? Thanks Steve
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Transfering money from SIPP to employers pension
Hi, I'm thinking of transfering some money from my SIPP to my employers pension scheme. Reasons: 1) I made a huge amount of money in the SIPP in the BRICs from 2002 to 2008 but don't have the time or the focus to manage my own investments again. 2) I'm quite impressed with my employers sheme and have been there > 2 years…
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Pension top-up costs rise by 50% but does NI contributions:
Hello, Does anyone know whether 50% rise in year top-up rate for State Pension is a reflection of 50% rise in relevant class of NI contributions or is it restricted only to buying a missing year situation? If the second is true it might mean that it would be better to pay the amount of weekly contributions of relevant…
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State Pension Forecast not working again for me?
Anyone else finding a problem getting an online forecast? Founds problems getting on last week, then out of action at weekend and at differing points today messages to say try again later. Is the web site going through a big problem I wonder:confused:
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contract in/out
Hi all, my husband took out a private pension around 1989 with Prudential and stopped paying into it around 1994? Prudential have sent him a form which stated "you need to make a decision about your contracted out pension, please do not ignore this letter" which is best contracted in or contracted out? he has a company…
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Frozen Company pension
I got made redundant a few years ago, so my company pension was frozen. after phoning the pension company I was told I can't cash it until I reach 55!!! Is this right?
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Pension Service Mortgage Payments
I wonder if anyone could help me! My mam retired last September and is getting the basic state pension however it was arranged through the pension service that her interest only mortgage would be paid. However over the last 6 months she has been paying £35.00 a month in bank charges (with the mortgage account company) as…
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Company Pension charges
We have a company pension and I pay £50 into it each month. Work also pay £20 into the scheme. 2 other people also pay into the scheme (not a large company) Work have been contacted by the Pension Company and told that they are going to start charging administration fees of £350 per year to the company for running the…
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Retirement Annuity from South Africa
Does anyone on these forums, and I hope this is the right one,able to tell me if I will need to pay tax in South Africa on a Retirement annuity that is now going to be paid out? I did get tax clearance when I left South Africa. it's just I don't want to have to declare it as income here and get taxed again:eek: Any advise…
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Company pension funds incorrectly applied
My husband has just received notification that his pension funds have incorrectly been applied. His contributions should have been in equities. He is just 48 and has been in the scheme for 4 years. On reaching 50, the contributions will be invested 80% in govenment bonds (gilts) and 20% in cash. However, all his…
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Lump Sum Investments After Retirement.
Just received a life insurance payout of £20,000, as I have reached age 65. Rather than just fritter it away I would like to invest this sum, maybe for small income, although probably to appreciate as a lump sum, but with the ability to change funds in which it is invested as the mood takes me! even convert to cash if…
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Should I opt out of pension scheme - redundant?
Made redundant in January 2009 and not sure whether I should stay in the company pension scheme (previously 20 years contributions) or can I ask for my pension lump sum to be repaid to be so I can invest in Stakeholder or SIPPs? Does ex employer then deduct all the contributions it has made and I only get back what I have…
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Should i have a pension
I'm 30 years old and part own a flat with a friend of mine - this is the only real financial stability i have, i do not have a pension - at 30 years old should I have one or as many people say will it really not be worth it in later years? Should i continue to invest in my propert and ISA'a?
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Home Responsibilities Protection - court order for residency
Back in Feb 2006 my stepdaughter came to live with us (under a court order). Her mother carried on claiming Child Benefit, thereby preventing my husband from claiming until after the start of the tax year. I know it's possible to apply for HRP to be transferred using CF411, but one of the conditions is that you must have…
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OAP Selling Up. Help Required!
My 86 year-old mother-in-law has decided that she is too frail to live alone any longer and has opted to begin the process to go into rented sheltered housing. She has decided to go rented rather than buy outright because of the service charges etc. involved with owning a retirement property and the fact that if she ever…
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claim tax relief on personal pension contributions - HOW?
A couple of years ago (and later than I should have!) I started a personal pension. I am a higher rate tax payer and I was told recently that I can claim back tax from my pension contributions? I have scoured the direct.gov.uk. hmrc.gov.uk and thepensionservice.gov.uk websites and although they reference this, they never…
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Pension contributions and higher rate tax refunds
Having convinced myself I knew what I was doing I'm now very confused about pension contributions and tax refunds again. To keep things simple let's say profit as a self employed person is £100k. Tax due on this is approximately 8k at the lower rate plus 25k at the higher rate. I want to pay a contribution that will get…
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What should I do??
Can anyone help me? I have a Stakeholder pension I am paying in £40per month through work, and have been doing so for 3yrs, my last statement was showing the value of the pension as being £1.043.16, with a yearly pension of £469! I have 14 more years until I retire, my question is should I carry on paying into this pension…