-
Take local government final salary pension early?
I have the chance to take my final salary now, rather than in 2014. Lump sum now is 17660 and pension of 5175 Lump sum 2014 is 19251 and pension of 6469 I have a mortgage of £18k, at fixed rate of 5%, which I can pay off 25% without penalty each year. Would I be better off taking the money early at the reduced rate and…
-
Stakeholder pension/change of job
Hi guys, I'm sure this is a stupid question, but I know very little about pensions... I have a stakeholder pension that I contribute to through my salary, and my current employer also contributes. If I change jobs and want to continue payments, can I continue to make payments either myself, or through the new employer's…
-
SSAS Provider
Hi I have been looking at transferring my pension into a SSAS and have been speaking with a company called Pension Practitioners. Has anyone had any dealing with them? Also I are looking to use some of the money to complete an overseas property purchase. Can I use my SSAS for this? Any info would be greatly appreciated…
-
Defered Local authority pension checking advice!
Hi, My wife left her job 9 years ago,with almost 16 yrs service with a local authority.She reached the age of 61 last December 09,we were informed in 2008 by her pension providor that she could take her pension withought penalty.(20% reduction if less than 25 yrs service) We have heard nothing from pension provider,so I…
-
working over 60 NHS
Hi I am a nurse and I am nearly 61. Does anyoneknow about the NHS contact when you reach retirement age. I heard that you do not have a permenant contract when you retire and go back to the NHS but is reviewed every year and they may or may not employ you?? Does anyone know if this is correct and where I can find out more…
-
gifts from inheritance
Not sure whether this is the right place to ask this or the benefits board. Anyway my mother will soon inherit about £80k. She currently is on basic state pension which is topped up with pension credit. Having the savings will therefore reduce the pension credits. Is there an amount you are allowed to gift? (although to be…
-
Help finding an old pension...
Hi, be gentle with me as this is my first post on a financial matter. I worked at the now defunct Executive Council (admin. for doctors, chemists, dentists and opticians) from approx. May 1968 to September 1972. I was quite young at the time but I am sure that I paid superannuation contributions. The EC became Tyne and…
-
25 Year Old, where to start?
Everyone is telling me to start a pension. I've no idea if I should or not :think: I'm 25, have some credit card debt (Circa £4700 all at 0%), a 10k student loan getting paid back at minimum rates and a gross income of £24,000. I net £1450 PCM. Currently I'm paying £300 a month to my cards, £100 a month to premium bonds…
-
SIPP Investment Funds
Just looking for ideas on funds people like and why. What do people on this board hold or want to buy in future? :money: ie. JP Morgan Indian Investment Fund. I think this is worth investigating because India has the majority of their growth still ahead of them. A reasonably solid currency, a change in government bias away…
-
how to value a paying pension?
i like to chew over numbers and i was wondering if anyone can give me a valuation of a pension that i am currently being paid--its 7500pa indexed linked to inflation and i am 47---is it as simple as multiplying my 'hoped ' for life by its amounts payable?
-
About to retire
I'll be calling it a day at the end of June and will have to sit down with my IFA to discuss my options. I'll have no taxable earnings in the coming tax year thanks to my employer's generous offer to make me redundant so will be looking to take my tax free lump sum and go into drawdown (my fund is worth about £1/4m…
-
Falling pensions
The fall in return from a 20 year £100 a month pension contribution is a staggering 72% over the last 10 years :eek: Habitual Fool readers will know that the Noughties proved to be a lost decade for stock-market investors. Alas, the blue-chip FTSE 100 index fell by some 20% from 2000 to 2009. Even after adding dividends…
-
Parent's home ownership and future health care implications
Hello My mother recently passed away and asked me to do something after she had died. My father is now the sole owner of the house she and my father bought together. My Mum seemed convinced that, in the event of him becoming sick and having to be taken into health care, the government would seize the house and use it to…
-
Pension lump sum tax?
Can anybody advise me please? I'm 52 years old and have been offered the opportunity to take my pension from a previous employment - as long as I do it before April 2010, after which I can't take it till I'm 55. I don't want to take it - I'm already in the 40% tax bracket so my monthly pension would be taxed at 40% too.…
-
Additional State Pension Question
I've recently received a state pension forecast. This shows that I can expect a full basic state pension (I have well over the 30 years contributions needed for my age). However it also shows a small amount of "Additional State Pension". Reading the booklet I can't understand why. I have been self employed for the bulk of…
-
BT.Pension
I am 55 yrs old and work for BT.Irecently read that the pension scheme has a huge deficit,i would like advice on whether i should draw my lump sum pension early or wait untill i retire..Just how safe is my money that i have contributed to the pension??
-
war pension where to????
Hi, I would like to put away every month my war pension, its currently around the £125 figure, I would like to put it away for 25 years. Anyone a good idea of where is best to put it for this period? I do not want to touch it. Cheers Jay:T
-
dont know what to do
hi all is there anybody out there who can help please . i have just passed my 54th birthday i opted out of the state pension 20 years ago i used to be in a company pension but they was getting rid of the final salary pension so i took the money can you tell me please is it worth staying out or opting back in the state…
-
Retirement Planning
Hi All, as i approach my 23rd birthday it dawned on my that i do not have a retirement plan. i was looking for help and advice on how to invest what money i have and where to invest it. i currently earn £17,000 pa and am aged 23 i was looking to invest in the region of £100-£200 a month in a retirement plan. could you…
-
pension queries from the confused
I am a real beginner with pensions - not the first idea. I've been reading about pensions but I have some queries. I haven't paid in any qualifying years yet and won't be able to till I am 30, does that mean I will have to pay 15% of my salary for the rest of my working life to get my qualifying years up? That sounds a lot…
