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MSE News: Carers offered help to build state pension entitlement
This is the discussion thread for the following MSE news story: "The Government today urged those caring for a friend or relative to use a new scheme to build up their state pension entitlement ..." Read the full story: Carers offered help to build state pension entitlement
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Poor Pension
I am now approaching 53 and having paid into a private pension for the last 30+ years find that it still only has a value of £80,000 even though I have made significant contributions from my salary each month particularly over the past 10 years. So its a bit soul destroying reading about people retiring age 50 on what I…
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Lost BT Shares Frozen Pension
I worked for BT in the 80's & 90's and had bonuses paid as shares. I have not worked for them for 16 years now and do not know how to redeem them or even trace them. I also have a pension with them, but I am now living in China, I have been told about QROPS, which I am now doing, I also have an old private pension, but…
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pension affected by unpaid child benefit
In 1985 I returned to the UK (a UK citizen). My children (born in the US) were 9 and 7.5. My claim for child benefit was refused because my husband is a US citizen, a civilian with the US Navy here. We have lived here ever since and I have worked for most of the time. However, the problem now is that this will affect my…
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Pension Review
Hi , I have a company pension where by my company pay 11% and I pay £100.00 every month. I need to review my pension and also see how well the fund is doing. I need to know where can find someonw who can advice me about my pension and the fund as well? Can any please tell who should I use, as i just do not what to go a to…
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pension credit + sale of property repercussions
Hi All My father is 79 years old and a permanent resident in a care home. We may have to sell his property to pay the fees as he has been refused funding but is on a deferred payment scheme with the local council which demands payment either when he sells his house or dies. He receives pension credit and has an Assessed…
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government stopping pension increase claims for dependant adults
Just read this on the direct gov website, it says that if you retire after this year you will not be able to claim extra for your better half (as you do now) if they are under pensionable age and not working they seem to have kept this very quiet! I am sure it will affect quite a few people Quote:- If there is an adult who…
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Personal pension or company director pension
Hi, need a bit of advice. I am currently running a business in partnership with my wife. Our accountantant has advised us to change over to a ltd company and we are seeking to start this at the beginning of June this year. I am 50 and have a couple of small personal pensions which I do not contribute towards, my wife is 38…
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Stakeholder Higher rate tax IR "scam"
I am a higher rate taxpayer and have been a member of a stakeholder scheme for about the last 18 months. Now that my tax for 08-09 has finally been calculated and reconciled, it has come to light that the Inland Revenue does not give 40% tax payers 40% tax relief on their stakeholder payments. I have challenged this with a…
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Final Salary Transfer out ?
Hi I appreciate some feedback on some questions I have regarding my ex companys offer to transfer out of their final salary pension scheme. I have preserved pension payable in 13 years time of £6.4 k per annum in today's money. This will be increased by RPI or 5% max when in payment with a 5 year guarantee payment to…
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Local government pension scheme
I HAVE BEEN PAYING FOR ROUGHLY ABOUT TEN YEARS INTO THE LOCAL GOVERNMENT PENSION SCHEME THROUGH MY LAST TWO EMPLOYERS. THE PENSION WAS FROZEN WHEN I WAS SACKED AND TWO YEARS LATER I NOW NEED THE MONEY. IS THERE ANYWAY I CAN GET HOLD OF THE MONEY OR WHAT IS THE BEST OPTION TO GET TO THE MONEY, EVEN IF I HAVE TO START MY OWN…
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Refund or transfer with <2 years service?
Hello forum! I have recently changed employers and have received a letter from the administrators of my old company's pension scheme asking whether I want to get a refund of my contributions, or transfer the pension to my new company. It appears these are the only options. It was a money purchase scheme, and the value of…
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Split Pension with Wife - Possible?
Hi I am 42 and will have currently about 600K in a SIPP. My Wife will end up with a final salary pension of 30/80th of around 35K - say 13K pa in todays money. She is 43. My SIPP should grow to around 1650K @ age 55, assuming 1K/month employer contributions and 7% PA Growth. It may be much more if my employer is able to…
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NHS pension v Civil Service Nuvos pension
I have job interviews with two employers in the public sector, one of which offers the current NHS pension scheme, while the other offers the Civil Service Nuvos pension. The basic salary and all other benefits are very similar. I am very nearly 43 years old. I was wondering, if I were offered jobs by both at the identical…
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Need to start a pension - quick!
I am 39 and have done nothing to plan for my retirement at all; with the exception of a pension for a couple of years when I was much younger. I do have a house that I rent out, with a mortgage of £150,000. I feel ridiculous saying it now as I am an intelligent person with a good job, I am not even sure how I got to this…
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what happens if a pension fund goes bust?
Just had a reassuring ;) letter from the BT pension fund telling me they are not going to go bust :rotfl: But it got me thinking - if a Pension fund does go bust are there any safeguards a) for those already in receipt of a pension b) those who have contributed but below pension age
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How is it possible to get to the maximum 72% tax relief?
My wife and I are both basic rate tax payers, we have one child, claim tax credits and make pension contributions, is our maximum relief 59% ( 20% + 39%) and is it possible for us to get to the theoretical maximum of 72%? Thanks.
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SIPP question for 2009/10
I am looking at starting a SIPP with Hargreaves Lansdown during this tax year (2009/10). It would be my first pension step. I am not ready to invest at present (still reading around), but I dont what to lose my tax relief. Is it possible to transfer a lump sum (£12k) into a SIPP to claim my 20% relief and then invest in…
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age changes to lpgs pension and redundancy
Hi. I am 54 and have been told I will be made redundant on 30th March 2010 but will be paid one month leiu of notice for April 2010. My termination date is 30th March. They say I will receive my pension but have not included these figures in a compromise agreement they wish me to sign. Could you advise whether my pension…
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Confused by pension jargon
Have decided to take my pesion early but am confused by the jargon they sent me could some one explain what is meant by this term "A pension of approximately £xx per annum (plus any bonus sacrifice, AVC and EGP waiver pension if applicable) " It is the last part in brackets that I am confused with. It is a BP pension, the…
