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IFA Fee for adding to an exisiting Pension
I have a quick question, I already have a Pension that my IFA setup for me last year that was a combination of several work pensions that I wanted to combine into 1. There was an upfront commission charge that was paid to him and also an ongoing 0.5 management charge applied per year. The Pension has performed really well…
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Guaranteed Pension Annuity after Death
Hi all, Wondered if anyone could offer any insight into our current situation? My Uncle unfortunately passed away last week and as an executor in his Will, I'm currently going through the various tasks to try and resolve his estate. He arranged a pension annuity last year with Legal and General which had a value of…
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British Steel (Corus) Pension
My husband was made redundant last year from Corus and has just turned 50. Does anyone know the best thing to do with a deferred pension in this case? Am I right in thinking he can take his pension early? :undecided
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Civil Service Pension - added contributions
Hi all, I am currently paying into a CS pension scheme, and will have 36 years of contributions by the time I am 60. I am wanting to make additional contributions and there are two ways I can do this - either by making extra contributions into the CS scheme, or by starting an AVC pension with either Scottish Widows or…
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MSE News: IFA clients to get £7.8m compensation over poor advice
This is the discussion thread for the following MSE News Story: "Customers of independent financial adviser (IFA) firm Park Row are set to receive up to £7.8 million in redress after being given shoddy advice ..." Read the full story: IFA clients to get £7.8m compensation over poor advice
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What pension?!
Hi I'm 27years old and in full time employment however not planning to stay with my current company as doing an open university degree to eventually become a teacher... anyway, i have no pension and don't know the best private pension to go with? To be honest I don't really understand them! I'm only able to put away about…
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Millions of pounds in pensions tax relief goes unclaimed
Guys you now have 1 month to claim back you higher rate tax relief for the last 6 years on your pensions. If you leave it one month the taxman is going to cut it by one third! http://www.telegraph.co.uk/finance/personalfinance/pensions/7253353/Millions-of-pounds-in-pensions-tax-relief-goes-unclaimed.html What do I need to…
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Offshore Investments
I have been living abroad for the last 15 years and have a regular monthly investment plan that is close to maturity. Can i take it to the uk as a tax free lump sum.
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please help
hi all im 24 and just started a new job and a new family coming soon (my girlfriend is pregnant) and as such im looking into pensions but with so much choice and so many words i dont understand im really stuck as to what sort of pension to have and how much to pay in???????? I dont have much spare cash but i am worried…
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Pension Tax Relief
Hello Chaps and Chapeses, I'm after some advice regarding my pension contributions and tax relief. If I am a higher rate tax payer before any tax relief such as my pension am I still classed as a higher rate tax payer if after my pension deductions this takes me below the 40% threshold? My 'normal' salary is not in the…
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Three Small Pensions, don't know what to do
Hoping someone can help, as the IFA I contacted did not seem interested, more interested in selling life insurance and the more research I do, the more confused I'm becoming. My husband has two company pensions and one private pension. He is currently paying into a private stakeholder and a company stakeholder, I'm…
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100% lump sum
Hi I live abroard in the EU and would like to now have my private pension in full as a lump sum as I can make more from it than just having it in bits and pieces. Is it possible, as I live abroad, to get the total? I am not a burden on the UK tax authorities so I would think it should be possible. Thanks for any help
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Pension as a mortgage repayment vehicle
Hi, if I have an existing company pension and then take out personal pension, do I have to 'cash in' both pensions at the same time? I'd like to use the personal one as a mortgage repayment vehicle to repay the capital portion of a mortgage about a decade before I officially retire. Basically I want to use the tax bonuses…
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Lots of jobs v one big job affaect your pension
I expect this is old hat on here but it is something I have just come off the phone about and am utterly flabbergasted at how this is allowed to go on in the day and age of computers. I have a contracted out pension with a big insurance company (not relevant here). For many of the years since 1998 I have received my…
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Lump sum doesn't change with extra contribution, don't understand why
Hi. My wife is retiring through ill health via a compromise agreement. This agreement has been negotiated over the past six months. A pension forecast was provided 12/09 (15 years service) as follows : Option 1 Member pension £9195 Option 2 Max tax free lump sum £33123 Residual pension £6120 I understand how this works. We…
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Final salary pension, changing to part time
I have had a final salary pension now for nine years and presently work full time. What would be the impact on this pension if I were to change to Part time working please?
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Help with a sipp decision
We have a sipp for 54000 in cash that is earning 0.5%:mad:. We dont want the money locked up for the next two years courtesy of mr Brown. Hubby is 53 im 46 we would like to take 25% to put towards a house and dont know what to do with the rest. In a ideal world we would like to control the remainder by putting it in a…
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Widows pension
Could someone please advise me on a query I have regarding the above? I have a sister who is 75 years old ,her husband died on 31st December 1996 at the age of 77.My sister was 62 years old when her husband died.As far as i know,the husband had paid all the NI contributions,can someone advise what her widows pension now…
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drawing pension
Hi.I have agreed to take my pension at age 50. What i would like to know is-If I am already drawing my pension and the pension company folds do I still get the pension? Does the goverment pay out the 90% entitlement? OR Do I then have to wait till retirement age? Do I just lose the pension? :huh:
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NI Question as Full-time student
Recently I got a letter from HM Revenue about a gap in my NI Contribution. Gap year 07-08 and the amount is £405.60. During that period I was on my full-time master degree and didnt take any part-time jobs nor claim any benefits. Am I entitled for a NI credit due to I was a full-time uni student during that…
