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Council run Pension scheme
This may be a silly question, :confused: The wife can go into a Derbyshire council pension scheme. Final salary 1/60 th with life insurance early retirement benifits etc On her salary circa 25k it would mean around £110 a month. She has officially 20 years to go. Is this a good bet or is savings in ISA's still good. Beat…
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Cashin pension early
I worked for royal mail for a while but moved back to scotland. Can i cashin my pension early im 40 x thanks
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Transfer from BT pension to NHS
I am 45, have left BT after 21 yrs service and started working for the NHS at band 7. BT have offered me a transfer value of £52000 from my section C pension. Should I transfer to the NHS pension scheme? I guess I need to first find out how many years this would buy but does anyone have any thoughts on this?
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Rock and a hard place!!
Ok, I'll try and keep this short. Basically my dad died suddenly in January. Mum is still trying to sort out his pension. The company has told her she is not allowed to take out a lump sum. She can either have an annual sum of money OR find another insurance company to invest it in. Mum has also been told when she dies the…
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Company Pension Contributions
Hi, I currently work for a company that does not make any contribrutions into a pension scheme. I have heard rumours that the government is changing the law so that all companies must make a contributions to company pension schemes. Does anyone know if this is true and if so when does it come into force?
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Company forcing pension change on Employees
Hello, I am wondering if my employer is entitled to change conditions of the company pension scheme. I currently have a final salary pension which I contribute 5% of my pay toward and the company also contributes to. They currently say they can't afford to continue this scheme in it's current form. We are being told we…
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I think I opted out of SERPS. Is that bad..?
I was watching something on the news about pensions recently, and it reminded me of something that happened many years ago. Back around 1990 (I think) there was some big pension overhaul to do with (if I recall correctly, and I may have this all wrong) opting out of SERPS? Anyway, at the time I was advised to do this, and…
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Annuity, lump sums and other stuff
Hello all! I have recently lost my dad and we are a bit confused about the best thing to do with any funds that my mum receives from his pensions etc and any money he owed when he died. Could anyone please advise as to: a) Is my mum best taking a lump sum or annuity from the pension funds? b) How do we avoid any debt…
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Company Pension Contributions
Hi, The company I run pays a small amount into my SIPP each month. This was originally done under a salary sacrifice arrangement a long time ago. I think it is about time that the company increases the contributions. However, I only receive a salary just above the Personal Allowance. Two questions:-* If a company makes…
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IFA or no IFA?
Any advice on the following would be greatly appreciated… I have been self employed for the last three years and am now terrified enough to finally sort out a pension (I am 31; I also have a final salary pension from previous employment worth almost £3k per year). I have seen two IFAs but the advice they offered…
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new oap
My OH is 65 on 30th May, can anyone tell me when he should expect his first pension (i think he opted for fortnightly payments)
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Whitbread Pension
I worked as a Pub Manager for Whitbreads from 1996 till 2005 all this time I was paying a monthly pension payment how do I go abot cashing this in?
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Half of UK have no pension
From the BBC (link). There could be trouble ahead. GG
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Fund Performance
I suspect that I will need to give more information, but here goes. Any comments on the short and long performance of (i) Standard Life Managed Fund and (ii) SSgA Balanced Consensus Fund? These are both part of my pension plan.
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Advice on boosting pension
Im writing on behalf of my partner who is nearly 34. Her pension has recently been changed by her company from Friends Provident to Scottish equitable. Basically it was either this or have no pension scheme. She only works 3 days a week at present due to child committments. But in 2 years time will be going back full time.…
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New Pension, High Risk or Low Risk ?
Hi Everyone, Here is my situation, any help i would appriciate !! I am 21, and i have just placed 15k into my pension fund. I have a finacial advisor who is doing everything for me, but i need to tell her what kind of investment risk i am happy with. Since i wont be able to touch my pension for 34 years, she said it would…
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Which pension route
Although a new boy to this site this week , I have seen that there are many well-qualified members out there and am seeking some guidance. So, I'm about to stop working in this tax year ( possibly in 2009 or early 2010 depending on health) and already 68 last Feb. Even though I am a higher rate taxpayer I have this month…
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Illustration of Early Retirement Benefits
My husband was in a company pension scheme from 1986 to 1990. The provider was Noble Lowndes (no longer exists as far as I can work out). We enquired with his previous employer about any benefits he may be entitled to as he turned 50 earlier this year. We had a reply from a company called Mercer but do not really…
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what is a family self-invested personal pension
can anyone explain the difference between this and a SIPP? (it was referred to in a sunday times article) thanks
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GMP - How to calculate entitlement ?
GMP - What does it mean ? I have a number of pension entitlements and I am trying to understand what the GMP element will mean when I get to statutory retirement age. All of these company schemes were contracted out of the State Second Pension or SERPS. I was employed in one company between 14 May 1984 and 26 October 1989…
