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pension
Hi, 65 yr old woman will i get ta relief now i am this age?
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tax free lump sum
Does anybody know of plans by the govenment to tax the pension lump sum? I heard something about it would be taxed after £40k and this comes into effect 1st April 2011. paco2
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Complete pension novice *help*
Hi I worked for a company 10yrs ago for about 2-3yrs, i had a company pension with them. When i left the company i no longer paid into this pension fund. I tried transferring it too my new company (the government**BOO HISS**) but they do not accept its terms?? What are my options, anyway of getting my money paid to me?…
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Winding up EMAP pension scheme
EMAP plc was broken up & sold off in bits a couplme of years ago and then "sold" off its pension liabilities the year after. I have now received a letter from the trustees informing me that it is winding up the pension scheme & that I have to choose what to do with it. Sadly I was persuaded to transfer out of a final…
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Pension Credit - what's classed as income
Hi I am currently receiving pension credit however following a new assessment this year the DWP have reduced it. I have an Aviva (formerly CGNU) Portfolio/Life assurance bond which they have in the past disregarded it as income. I have had the bond 11 years and have taken no income from it and nor do I know its true worth…
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Is it worth starting a pension at 45??
Hi i need help here because ive never understood the pension schemes and i`m worried that a state pension wont meet our needs. I`m married with 4 kids ive had one pension and that was with corus which i started only in July this year. I have now another job (much better wages) but it comes with no pension. Is it worth me…
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Do I need a pension? Astonishing rise in life expectancy
If you ever doubted the need for proper retirement planning (and that might include a pension, as part of building up funds) I can’t think of two more powerful items of information than those issued today by the Office for National Statistics. The first is the fact that in the UK we now have a record number of people aged…
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Guaranteed Minimum Pension (GMP) Question
I'm actually writing on behalf of my dad and would appreciate any advice that can be given at all. I apologise in advance if I don't have all the information for an informed response! My dad has a private pension that he has been drawing on since 2002 (age 58). During these last 8 yrs he has been receiving a supplementary…
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unlocking pension
I was recently reminded that I had put money into an Axa pension plan some years ago. It is only a small amount about £2,000. I was wondering if I could get at any of this money now and if so how do I go about getting it. Thanks for any advice, Kathy
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Property/cautious funds
Am i being over cautious by having a Property and Cautious fund in my SIPP. Will they remain a low level investment or increase in time for retirement in 2028. Taken a higher level of risk with a High Income fund and secure on a Corporate Bond fund. Should i take more risk or remain balanced?
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Want to have a pension - where do I start?
At the moment I don't have a pension and not a lot of money to put towards one. However, I do realise the need to have a pension so can someone please point me in the right direction to get some information. Is it something I can set up myself or am I best going through a financial advisor?
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pension strain, how to calculate
thats the question,anyone know how this formula works as just been told that because of this pension strain cost no voluntary redundancy for me,as its just to expensive lgps 30 years service,age 55.
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Time I got myself a Pension
Hi All, Just after a little bit advice on a subject I know very little about. Im 31 and dont have a pension, I keep getting nagged from various people that I should be sorting one out, but i have no clue where to start. Ive recently become self employed so obviously none through work. So my questions are; If I go for a…
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Transferring a piddly £1,000 pension
Hi - I have a question about transferring my pension which hopefully someone might be able to advise me on... I started paying into my pension just this April and currently have £1,050 in my pot. However, I have just left my job and as I'm becoming a freelancer I don't envisage that payments into my pension (either from…
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Company Pension Plan - delayed investment
Hi there, I just wanted to gain an opinion as to whether this is the 'norm' or not. Mycompany recently started a new pension scheme (they ditched the Final Salary Scheme) with Blackrock. We do not contribute, as such, but th ecompany makes a salary sacrifice on our behalf (Employers Special Payment) and double matches this…
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Married Couple State Pension
My wife has been in receipt of State Pension for 4 years, having worked and paid full National Ins all her life. (45 years). I'm due to hit 65 in 6 months time. Will she lose her state pension and have it merged with mine as a "married couples" state pension when I receive mine ? Thank you
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Pension Credit - Intention to live abroad
On reaching state retirement age in March, I decided that it was time to leave the UK, and go to live abroad outside the EU. I receive full state pension and have a small annuity, which qualified me for the Savings element of Pension Credit. Thinking that I was being helpful by giving plenty of notice, I wrote to the…
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small pension
i have just turned 55 and have received notice that i can take a pension that was frozen early 90s.it's only worth just over £12,000. i have no other pensions. should i leave it until i am 60 and take the full amount as a lump sum?,i have read that under £18,000 i could do this,triviality or something. or take a £3000 lump…
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What do you contribute to your employers pension scheme?
I just thought it might be interesting to find out what the contribution rates are for various employers, what the expected return is, and how it compares to others. So, Rate of contribution: 8% Expected return: Half salary for 40 years contribution Date of Joining: 1990 Sector - Insurance Salary range £20-25k Anyone else…
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Private Pensions
Hi everyone, Any advice would be grateful, story goes like this: Ex- Husband has offered to transfer his private pension into my name, so it becomes mine, doing this as he cant afford to pay me ancillary relief in the divorce, I am 39, at the moment I have not accepted his offer as my solicitor and myself are trying to…
