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Pension Tax Relief at 40%
I'm looking for a little advice on possible claiming back some Tax for the last few years because I've only just realised I was into the 40% tax bracket and can claim relief on my pension payments at 40%. NB This is a personal pension so I've not been getting the tax relief in my actual wage. So for example if someone…
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help!!
Can anyone let me know - am about to start new job without a pension, and want to pay into a pension fund begun whilst with previous employer...my question is, will I still not pay tax on those pension payments even though they won't be made through my employer?? Sorry if seems like a dumb question and thanks !
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Pension Options - Opinions Please
My husband and I are in our mid 40's We own our house outright (currently valued at £200k) We have about £230k in savings (including £14k in cash ISA's). Hubby has a pension estimated to be worth 6k PA at age 65 I have a pension estimated to be worth 4k PA at age 65 We own our own business which consistently brings in…
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Do I really need this Financial Advisor?
Situation: One main pension to which employer contributes; another pension long-ago ceased contributing to their two policies - they still have ~£15,000 transferrable value. Situation: Have used a Financial Advisor for years. Was advised to transfer smaller (ceased contributing) pot into larger pot last summer. In…
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Pearl with profits paln
I am 60 and recently became unemployed, I do not intend to work again. I have a with profits plan with Pearl worth £42000. Can anyone help me with the following questions !0 How much can I withdraw as a tax free lump sum. 2) How much annual pension will the remainder buy 3) Can I shop around for an annuity.
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pearl with profits plan
I have a with profits plan with the pearl worth £42000. I am just 60 and have just become unemployed. I do not intend to work again. Can anyone help me with the following questions 1) How much can I take as a lump sum tax free. 2) Do I have to buy an annuity with Pearl or can I shop around. 3) How much annual pension will…
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Transferring a Pension Transfer Value to another Provider
Can anyone offer some advice please Just been told I can transfer my pension pot to another provider penalty free My firm, Trinity Mirror, is closing its Defined Benefits scheme at the end of March and starting up new Defined Contribution scheme in April I understand the age for taking pension benefits is changing in April…
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CARE or Final salary
Hi, Currently on CARE, will possibly have the option to switch to Final Salary at some point. Question. Is it possible to retire with a higher payout from the career average than final salary? I've started my career on a fairly high salary. Due to regular reorgs I may end up in a different dept with a lower wage. Finishing…
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pension mistake
ive always paid into my work pension, but ive never really understood it - cos i wasnt really interested being young and stupid! now im a little older i spent 2 hours reading through my pension details to find out its all wrong! Ill try explain the best i can.... i was on 17500 a year, work paid 3% if i paid 3% into my…
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Decisions Decisions
Hi, I would welcome views and comments on my options with a deferred defined benefit pension. Under ideal circumstances I do not think I would be thinking of these options but my situation at the moment requires a bit of safety planning whilst at the same time I do not want to seriously disadvantage myself!. I am age 51…
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Lifestyle Investment Programmes - Pension Advice
Hi, I have been in a FSP scheme with my employer and at the moment it is worth around £4kpa index linked so better than a kick in the teeth i suppose. I have just turned 27 a few weeks ago and the powers that be have scrapped the FSP scheme and offered in its place a money purchase option:mad: I earn about £55k pa (£50k…
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Why?
I am looking at setting up a stakeholder pension plan (I'm 45) and have an example prepared why does it state that it "has a guaranteed period of payment of 5 years" and that it "will continue upon death of member or to the end of the guarantee period if later to a surviving spouse and that the spouse will be entitled to…
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Are annuity returns quoted after lump sum taken out?
Sorry, this is probably a really basic question, but if an annuity is quoted as returning £6,500 per £100,000 is this after you have taken a 25% lump sum out or before? So if I have £100k pension pot do I get £25k lump sum and £6,500 per year until I die or would I need pension pot of £133,333, then withdraw £33,333 as…
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Finding out about pension in previous job
Don't know if anyone can help me with this, well actually it is my work colleague that needs help. My colleague worked for a firm of Solicitors a few years ago and paid into their pension scheme. He worked for them for about 2 years and then left. He forgot all about the pension until the other day. He looked up his old…
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Is this really true? NI rebates?
As I am a member of a few money websites, I get the odd weird email from companies suggesting ways to save, make or invest money. I'm guessing this (the website below) will not benefit me but just wondered what the end result would be and at 35 I'm guessing I've paid more than 1,500 pounds into my pension. At the moment…
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Urgent Pension/Redundancy Advice Please?
I am soon to be made redundant. I originally thought of waiting till 55 to take my pension, but the company say it really wouldn't increase significantly. I'm also hearing that the tax laws may change over the next 5 years and make things much tighter so best take the money and run while the going's good. Any thoughts or…
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help with managed funds and how they work
Hello, Bit of background first: I'm in a company pension that has switched suppliers but due to various reasons the transfer of existing funds to the new one is not automatic, i.e. we have to make a choice as to whether to keep our money where it is or do a block transfer to the new one. Not naming companies or suppliers,…
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Eagle Star Insurance.....
My mum had a pension with these years ago but paid into it for quite a number of years. Since taking out the pension she has moved, and asked me to try and track it down. Looking on the internet they dont seem to be in business anymore, but another company seems to have taken them over. I emailed them a few weeks ago, but…
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Redundancy Options for an SIPP
I started a SIPP in August 2009 with Legal & General through my company with matched contributions. I have been made redundant in January with only 6 months contributions. What are my options? L&G tell me that I can continue to pay the monthly payments, reduce the payments or leave it to fester. I want to know if I can…
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Cheapest SIPP for investment in an external bank account?
Hi, I have looked at investing in an external bank account from within a SIPP. Standard life allows this (some of the other more popular providers seem to be more fund based H &L, Killick etc) their charges are £215 for fixed rate accounts for standard life. and £432 for an external account. Just about enough not to make…
