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Self Employed
I am Self Employed aged 56,and will be relying totally on the state pension.I am not in a position to invest from my current earnings,as like a lot i am suffering with the recession. The only exception to this is,that i have £11000 sitting in a ISA paying 2.5%.Am i making the correct use of this money or would i be far…
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pension swap
hi, i'm wondering if it is possible to add my private pension to my army pension, due to my private pension loosing money and not being able to add to it. thanks ian
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The big R cometh
The big R cometh and it is time to make a decision. I would imagine that an annuity is the most popular method of providing a pension but now the problems begin. I think there are:- Flat rate or indexed Single or joint life Assured value or not Guaranteed or not Are there any other options? Within each of these there are…
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SSAS - Writing Trust Deed & Rules
Hi I am hoping someone might be able to help point me in the right direction. I intend to set up a SSAS for me as beneficiary, trustee and administrator which after A day in 2006 I understand is now possible. I have looked into this quite deeply and feel confident I can deal with the relevant paper work and annual HMRC…
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Best way to save for retirement outside UK
Sooooo confused and could use some advice. I am a UK citizen but have not lived in then UK since 1999. I am currently 45 years old but with no great retirement provision. I am quite lucky in that I have a decent salary (last year in excess of €500,000 gross). I have some money in the bank but that largely offsets the…
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Should I move my work pension to a sipp?
hi, I'm looking for some impartial advice wrt my pension. I was made redundant last year and currently I am now self employed. I was contacted by an IFA regarding some other business and he asked about my pension. I agreed to let them look into the transfer value and various options. He contacted me last week and siad he…
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Pension and tax 60 to 65 years
Hi Please can somebody clarify something? What is the tax situation if I took my teacher's pension at age 60 (normal age for taking it) if I don't get my state pension until I'm 65? Perhaps what I'm asking how would I be taxed between the ages of 60 and 65 when I get my state pension?
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RPI Linking vs Flat Pension from BT
BT has offered me the option of removing the RPI link on about 3/4 of my pension in exchange for an initial uplift of just over 20% in the initial pension. I'm tempted, because I need money now rather than later. However, I've done a million spreadsheets, and it all comes down to betting on a) how high RPI will go, and b)…
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Pension contributions towards property?
My charity employer has had financial difficulties for the last two years and so havent made my 10% pension contibutions. However, this will shortly be rectified. I would like to use the amount to put towards properties that I have already purchased instead of putting it into a pension plan. My employer is happy in…
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I need pension advice.
I have had a personal pension with Aviva which is funded from my business banking as i am self employed. I have on a few occassions had to phone aviva for various issues in regards to my pension. Each time, i get put through to an indian call centre and each time, i blow my top, as i can not undertsand what they say, they…
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Can I release my pension when i'm 27?
Hi everyone, i'm new to this site and i've had a look around for what i'm after but it seems to be a bit of a minefield! My situation is i'm 27 and I have an old pension with a transfer out value of £18,118. I want to buy a house but have no deposit and was hoping I can sell my pension (or similar) to get the money needed…
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Age 50-Option re Early benefits.
My wife has received correspondence from a previous employer final salary pension scheme (Booker-she previously worked for Iceland/Bejam). They are looking to provide greater predictability to their future costs of the scheme by offering an early withdrawal option now my wife is 50 rather than her wait to NRD at age 65. 1)…
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stakeholder Vs Persion Pension
Hi I would welcome any thoughts here I want to set up a pension for my 15 year old, and want to look at the advantages and disadvantages of a stakeholder Vs a Personal Pension. I would also hope that it can sit on its own and be able to adapt to any future pension regulation changes?? I do want to have the facility to…
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Voluntary NI Contributions.
Asking a question for a young friend: He does not often earn enough to pay NI and is thinking of paying voluntary contributions. His retirement age is 68, he is now 30. He has twelve years' worth of NI. He is also looking for another job! The question is; what happens if he is paying Voluntary Contributions but sometimes…
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Worth doing a pension for just 9 years?
I am just wondering if it is worth me putting money into a pension when I only have about 9 years of working life left before retirement age. I am on a low income and would be contributing roughly £67 a month (4% of salary). My company would be putting 8%. I also get life assurance as part of the deal. I don't understand…
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Should I start a new pension plan?
I'm a 60 year old female who recently took the state pension. I'm still working but I'm not sure for how much longer. When I retire I will get a small NHS pension. I recently saw a financial adviser who recommended I put the state pension and some of my savings into a new pension plan. Is this a good idea? I also have an…
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forced to take ill health pension?
My husband has been on long term sick from his company for nearly 5 years. they no longer pay him but have continually refused to make a decision on his future. He has an income protection policy that provides income and we also get tax credits as we have a child and I work p/t. his company are now talking about retiring…
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Calculating if I can retire early?
I would love to be able to work out if I can retire early by using some kind of calculator that would give all the considerations needed to point one in the right direction . I have a final salary scheme at work am 53yrs old and paid into it since 21. We have savings and ISA's but need some sort of calculator that will…
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Pension Problem.
Test post because of previous problems.
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State Pension,Pension Credit and House Sale?
My Mum is receiving a state pension , topped up with pension credits , she also gets council tax rebate, but not housing benefit. She is about to sell her house (too big etc) and buy a smaller one nearer family . In between selling and buying she will have the sale proceeds in the bank , is there anyway to stop this…
