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pension advice 50 this year
I am 50 this year worked for Alcan for 18 years and prior to that the NCB.Seven years ago my Alcan factory closed and I was lucky enough to get another job with the railways ,but couldnt transfer my pension into this scheme.My NCB pension was also transferred into Alcan into what is called the British Alcan retirement…
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Pensions Salary Sacrifice - the pros and cons
Rather contributing from your after-tax pay, pension contributions under a salary sacrifice scheme come from pre-tax pay. Officially, your wage will reduce by the amount you deposit into your pension pot, which can harm credit applications, even though you're still earning the same salary in real terms. The main benefit,…
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Pension for my son
I'm going to become a father very soon :) and see no reason why I shouldn't think about his very long term financial security from day 0. So whilst I am planning on building up a small pot of funds for him to go to college/university/deposit for house e.t.c. also struck me that I could get him started on his pension. Even…
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Pension or bank account
Hi Im new to this forum but it seems very useful. I am unsure what to do. I have just started a pension, about 1 year ago. Since the recent downturn in the economy, im wondering if I should stop paying into my pension and instead put the money in to a good saving account instead as its more secure. I have been hearing how…
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SIPPs and death
on death what happens to the benefits in a SIPP?
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£29000 extra pension - what to do?
Hi, Just received notiication of an extra £29k which will be coming to me re my pension. They are offering it as cash or with the option of increasing annual pension. :j My total annual pension will be £18811 pa at present without inc this extra money. What I need advice on is, am i better off taking the cash or how much…
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pension increases if inflation is negative
Hi there I'm in a pension scheme where annual interest is paid at the rate of inflation in the September of any given year (I think the increase is actually paid in April). Just wondering what will happen to the pension if the rate of inflation is negative. Surely it wouldnt decrease? Any help out there? It is the LGPS by…
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Can I cash in a Winterthur pension now?!
Hi all, Bascially I joined a pension scheme with Winterthur in 2000, it seems i paid about £2500 into this, and my employer £5000 over the time i worked for the company. Was made redundant so it stopped there. I receive a statment each year. The current one shows £7500 odd was paid it, with last years value being just over…
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pension
Should my husband take his private pension in September when he is 65 or defer it? Will that give him any more money in the pot?:confused:
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SSAS into SIPP
We have a SSAS for our family business. We are considering converting this into a SIPP - does anyone have any advice?
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Lump Sum increase or not?
Hi Sorry if this has been asked before but couldn't find it. I belong to a Local Government Pension Scheme and retire later this year. I would like to know the advantages and disadvantages of taking a larger lump sum than the default amount. The £12 for £1 conversion looks great but I am sure it's not that simple…
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Stick or twist
hi guys am 51, and am leaving my current employer after 23 years to join the police I have a choice of taking my pension ( 8k PA + 50K lump), leaving it, hoping my current employer does not go bust, or transferring it to the police until I retire at 58. I do need some money as I have to pay some debts and my new salary is…
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railway pension
Can anyone feedback for me? BiL currently has 2 pensions. One British Rail FSS other private. Does BR FSS allow transfers in? ie could he transfer private funds into BR pension? Also, does anyone have a link that could help trace a pension from way back that he's lost track of? We're also presuming that he should, if…
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Employer has stopped payments
Hi All I'm looking for some pension advice, So here is the low down I'm in a Defined contribution scheme, I pay 3% and my employer pays 6% I just received a letter from Standard life informing me that they have received no contributions from my employer since December 2008. Basically my employer has been deducting my…
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Cashing in forgotten foreign pension?
My husband lived in Sweden for a couple of years during the mid 90's and contributed to a pension whilst he was there. He had to leave sweden quite suddenly and the pension was forgotten about. We have just been having a clearout and found the details for it and now we are wondering if it will be possible to cash it in?…
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Should I take lump sum now or wait to 65??
Hi Guys - As ever your "thoughts" would be appreciated. The new rules regarding pensions come into being in April next year. As I understand it I am 50 in december this year :eek: I have a Pension Scheme with Winterthur life and believe that I can opt to take a quarter out on my 50th Birthday and leave the rest till I am…
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Royal Mail Pension ( Help )
Hi I worked for royal mail for 25 years from may1981 - august 2006 and will be 50 in July this year my pension is deferred till i am 60 which at the last statements in sept 2008 says £5,548 a year and a £16,000 lump sum. What i want to do is take it early at 50 this year from royal mail depending on offer if possible or…
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Swiss Annuities
For some time now I have been interested in Swiss annuities. I just don't know anyone who has one. Is there anyone out there that has one and would like to share if it has worked out well for them? There does not seem to be a lot of published material that a normal person can understand. However, I just bought a book on…
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Pensions
My husband is 65 in September and is due to take his pension with Abbey Life. Should he buy an annuity now or defer for acouple of years it was worth about 17k? Chris
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Live in Australia visiting.
A friend lives in Australia and gets a UK pension. They are over here for 4 weeks and I have it in the back of my mind that they can claim the going rate whilst they are here. If so would they keep this rate when they go back to Australia?
