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Expat Tax.
If i moved abroad would i have to pay UK income tax on a UK company pension ?
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Indexation
Hi can someone very simply advise how to reoslve this "indexation" point I hear so much about.... I've just switched jobs and will be paying in 3% of salary initially (which is £168) and my employer will match that after 6 months making a total contribution of £335pm .... what is the headline figure I should use for annual…
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medical retirement
hi i was a civil servant for the driving standards agency i joined in april 1989 i then had a accident on test (ndustrial accident) and was medically retired in march 1997 i have received a pension ever since then but i rejoined the dsa in february 2005 was told that because of the time lapse 97-05 the pension would still…
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No idea!!
Hi all, Before I start I'll apologise for coming across as a complete numpty, I have no knowledge whatsoever of pensions. I'm 34 now and currently have two pensions, a with profits pension with Royal London that I started in 95 and only paid into for 3 years. I was then told it was no good so I was advised to change, it…
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Aviva Stakeholder Pensions
I'm currently paying into an Aviva stakeholder pension via my employer, my employer also makes a contribution. I'm 30 years old and currently invested in the stakeholder with profits fund. I cant see this fund making a decent return over the next 30-35 years. Should I be looking to move to a different fund or stick with…
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Ombudsman opinion
Hello all I have a question 2 years and 6 months ago we contacted Lloyd's Bank to set up a pension from my investments. That was in March 2008 first payment due to go into the account June 2008, due to a number of bank errors we eventually got our first payment in Jan 2009. We complained to the bank many weeks later they…
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Pension Payout Advice Please!
Hello, My mum has recently lost her husband and is now trying to deal with the paperwork etc. My step-dad had a pension and she has now been given the following options: 1. Lump sum payout £14800 2. Monthly payout £61 per month 3. Lump sum payout £7k + £30 per month I think the large lump sum payout attracts a tax payment…
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AVC's
Evening, could do with a few pointers re, AVC's please? I'm a member of SPPA (15 year) pension fund, we had a meeting with a guy from the Pru who was giving out various information about pension fund, closing with what an individual can do to boost fund via AVC. Apparantley I can state which type of investment I wish to…
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Taking a pension early
I paid into a final salary pension in a previous job which I've now left and when I got the annual statement, I found something in the small print about being able to take it early on the basis of ill health. (I left there because I was ill and am still ill.) I phoned up the fund manager to ask about it and the person I…
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Selling my pension
Hi, Many years ago I remember something about being able to sell your pension to some financial institution - at a huge loss of course - but whoever I ask today seems to know nothing about it. Does anyone remember if you could ever do this and now can't? Or any other way to get rid of a pension I will never collect?…
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Pension Wind Up
I have received a notification of a pension I have is winding up. I have contacted a IFA, I've used previously but am waiting for him to return my call. These are my options, I'm hoping that someone can confirm that I understand them correctly. Option 1: Trustee Transfer Plan Am I right in thinking that when the money is…
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Performance
Hi, I've been looking at the performance of a pension fund since 2004 and it only seems to have managed 4% p/a (not weighted for later higher payments so will be a bit higher, will work it out later) invested in a mixture of equity funds in a GPP with Standard life. Just want to know if this is bad/average in the time…
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State Pension entitlement for Irish citizen
Hello all, I am from the Republic of Ireland but have been living, working and paying tax in the UK for the past 5 years. I don't see myself moving back to Ireland as there are very little job opportunities for people in my line of business. As I understand it, because I've been paying tax here in the UK for 5 years, and…
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Private Pension Query
Hello all, In February, I started working for a new company and was lucky enough to be eligible to join their final salary pension scheme. I'm 32 years old, so hopefully this means that by the time I retire, I'll be on a decent enough pension. However, I have a tendency to be cautious when it comes to money (who isn't…
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Pension contribution from company
Hello, I wonder if anyone can help. I am a consultant and work through a limited company. I am paid a small salary (about 10k) and take dividends of 30k per annum which is all I need to live on and keeps me in the basic rate tax bracket. It means that a lot of money is now held in the business. I am trying to slow down and…
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Rental income and pension contributions
My wife's main source of income will soon be rental income. Can she use part of this income to pay into her SIPP and thus reduce her taxable income?
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Surrender
In a naive move 5 years ago, feeling that opening a pension would be ever so grown up and sensible... I opened two. Have been diligently paying in between 200-240 euros a month I called the two companies up today for a health check and was :eek: I know pensions have overall been doing not so well but this sounds dire:…
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Going to work in UAE - urgent pension advice needed!
Hi, Thanks for looking. I have a new job in the UAE starting at the beginning of October. I currently have a NUVOS pension but for less than 2 years (thought a new contract might arise but unfortunately not, ho hum). My options are a cash refund of my contributions minus tax with my employers contributions lost, or…
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can i start a childs pension?
i have two kids, aged 10 and 8. i would like to see if i can help them with a small pension pot for when they retire, by using the compound trickery of time, which they hopefully have lots of. basically i was hoping to dump a few thousand pounds into some form of "pension/tracker" that sits there accruing value up till…
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Is a company pension lump sum taxable
Hi I am taking redundancy from work and am going to claim an early pension (I am 57 years old). Having difficulty trying to find out if I will be taxed on taking a lump sum. Any advice welcome please :)