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Personal Pension Possibilities
Hello, I'm a foreign national living and working in the UK. I'm planned to be here at least for next 15 years by which I would reach my forties. I'm looking for personal pension plans and was looking at Co-op. It said I can't take out the money until I reach 50 (55 from April). I wont be here until that age and I don't…
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National Insurance Credits
Talking about National Insurance the other day i have since found out that you have to apply for national insurance credits if you have been off work sick.... I already have gaps in my NI record as i missed out on NI credits due to a benefits blunder a few years ago. Anyway as I am on a disability benefit I was thinking…
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Payment of missed NI Contributions
A couple of years ago my husband got sent a letter from the Inland Revenue about some missed NI Contributions from when he spent a year in Australia travelling. Basically the letter stated that he could pay £240 odd pounds to keep his state pension contributions protected but that this was purely voluntary. We received…
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? some advice regarding ill health retirement pension
I'm on long term sick following an operation last year. I have accepted that i cant do my old job & my employer knows this. I applied for ill health retirement. I was informed last week that my application has been put on hold until I have seen my consultant in March, as I did have another surgical procedure in Jan, & they…
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pension release
haveing just turned 50, is it possible to cash in/release an old army pension?
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pension advice post divorce
I have been grannted 1/2 of my ex husbands pension which was taken out in 2 parts so the court granted me 84% of one of the sums now my ex dragged his feet over the settlement and i have since found out the pension is now worth 25% less than it was 2 years ago when he completed his e form now this has really annoyed me and…
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early medical retirement and Ni payments-
İ have paid 30 years of Nİ but i am well short of retirement age.İ have a pension that is paying me and i have no entitlements to the state for Nİ payments or funds--do i have to continue paying my Ni payments?
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Company Pension Closure
Hi Folks, I am probably coming at this completly short handed information wise, but that's probably because I know very little about pensions personally... Anyway, here's what i've got, but let me know if you need more information! My OH is currently on a company final salary pension, which has the advantage of her being…
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Mis-sold Occupational Pension???
Hi There I have a rather complicated query relating to my occupational pension which was sold to me between 1990 and 1993. I am a former employee of a large manufacturing company. In 2003 I was made redundant due to factory closure therefore my pension is apparently now preserved until I reach the age of 60 (I am currenly…
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Pension annual increase: what to do or who to talk to
Hello, Sorry but I don't have a clue about pensions :o My husband has a Norwich Union/ Aviva pension, the payment increases by 10% every year. Its currently £177 per month. His letter says you can freeze your payments (so it would always be £177 per month), or keep on with 10% per annum increases, but there is no other…
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Retirement income advice
Would be very grateful for advice and suggestions. Basically, couple 69(F)/70(M retired, want to know how to best use their savings to provide an income. Savings -cash ISAs £45,000 Savings - shares ISA investments £ +/- £40,000 ?? This sum is an estimate only. Building Soc/Reg saver £8,500 TOTAL- £93,500 Jt. Pension income…
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Equalisation of Pension scheme
Hi I have a quick question which I hope someone could answer. In my scheme females have a NRA (normal retirement age) of 55 and males of 60. As im sure your aware the introduction of equalisation has had a huge effect on most schemes, in particular those who didn’t take action quickly! I am glad to say that my scheme did…
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Equalisation of Pension scheme
Hi I have a quick question which I hope someone could answer. In my scheme females have a NRA (normal retiremnt age) of 55 and males of 60. As im sure your aware the introduction of equalisation has had a huge effect on most schemes, inparticular those who din't take action quickly! I am glad to say that my scheme did…
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Self Employed Pension ?
I am curently 50 and I an in effect self emplyed as the Owner Director of a Ltd company, One employee, Me. I have recieved notification from what was a Barlacys pesion saying that I should consider opting back into S2P. Am I right in saying I am not allowed to opt back in?
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where to start ?
Hello people, Just wondering if I have left it a bit late, Im 28 years old and don't have pension, im currently into a 4 year mortgage for our house which is costing us a lot of money each month to pay. I keep reading 'there not worth it' or "put the money in a savings account" , is this right ?? Should I consider sorting…
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a bit of a pension...very dim girl needs some help!
I'm not normally totally dim, but when it comes to tax and pensions a buzzing just begins in my brain. So I hope you'll forgive my stupidity and help me a little! I am 30, and about 3 and a half years ago I set up a stakeholder pension with the Halifax. I think I paid about £200 into it altogether before I stopped - taking…
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the most basic pension question ever!
Please bear with me here - however obvious it seems, I just can't find a simple answer to this... am I right in thinking that if I were to die while (say) being given the bumps on my 65th birthday (i.e. very soon after I reach retirement age), then all my pension contributions just instantly vanish? In which case, aren't…
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contracted out pension
Hi i have just recieved a letter from the Pru regarding my private pension with them its an old pension from previous employers with around £200,000 in i haven,t paid into for a few years as a pay into a company one ,the letter is asking me to make a decion about my contracted out pension and are asking me whether i want…
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Deferred pension and what it all means
Hi I received a deferred pension statement. The pension was deffered in 2004 and these were the figures as of 2004. Annual pension £7800 per annum. GMP accrued pre 06.04.1988 £452 GMP accrued post 05.04.1988 £604 Excess over GMP t0 06.04.1997 £4658 Pension in respct of post service £2148 Revaluation of GMP fixed 4.5%…
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Are compulsory annuities at age 75 about to be scrapped?
There were a couple of interesting articles appeared in the press yesterday which covered the Conservative Party's stance on pension provision: - Conservatives to scrap compulsory annuities at age 75 (Telegraph.co.uk) - Conservative policy document confirms intentions on pension policy (Professional Pensions) Any thoughts?…
