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am I too late?
when I started work at 18 a pension never crossed my mind so I never took one! now I'm 35 with a family and mortgage and am still without one! yes stupid I know but I've always been more aware if having every penny in my pocket for now! I really want to get a pension sorted but is it worth it and what is the best way to go…
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wife cannot take lump sum from pension
My Wife has just turned sixty,she was with nat west bank for 26 years,and was persuaded to transfer her pension in approx 1991 to the PEARL she has recieved no bonuses to her plan. she has now been told that there is £46.000 in the plan and it is not enough to convert some of this to cash.Please could someone offer…
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MSE News: How to defuse the pension time bomb
This is the discussion thread for the following MSE News Story: "Britons must increase the amount they save by thousands of pounds a year to secure a decent retirement income, research suggests ..." Read the full story: How to defuse the pension time bomb
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Pension advice please......
I'm 26 and currently have 2 pensions. 1 has a value of £2,500 and the other has only recently been started which has £500ish. Its a occupational scheme my company pays 6% of my salary and i pay 4%. Which currently equates to around £225/month. What im wandering is will this end up with a large enough pension when i come to…
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Releasing money early from my Scottish Widows pension?
Hi, I am 30 and have been putting into a company Scottish widows pension plan for a good few years now. Even so there's not a lot in there (ie, under £10k) and I have now left the company. Rather than continuing to contribute to this pension scheme - I would like to release the money and invest in property. I have spoken…
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Company SIPP, Asset Allocation and the Paradox of Choice
To cut a long story short the company I work for has changed the pension provider we use and for the past 2 months I have been contributing to the default asset allocation below :- Over 5 Year IL Gilts Idx 25% AAA-AA-A CrpBnd All Stks 30% UK Equity Index 5% World (Ex-UK) Equity Idx 30% Global Emerging Mkts Idx 10% Now even…
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pension ? what is my option
hi, I have been in a final salary scheme for 18 yrs and transferred a previous pension which gave me 12 bonus years.(they still allowed transfers then ,but not anymore) I earn £36642 which is part of a 2/3 scheme. joint contributions from my employer and self are £164 weekly ,£20 of this is avc which i have done for around…
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Company pension AND stakeholder pension?
Sorry if this has been asked a thousand times before, but I can't find a similar thread! I am 34 (expecting to work until my sixties) and am currently paying 6% of my salary - about £175/month - into my company's (non-final salary) pension scheme. This is the maximum amount that the company will match. If I want to…
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Pension miss sold?
In April 1989 I was assured by a local IFA that a move from my company pension was the 'smart' thing to do. Since then the pension fund with LAS got transferred or bought by Brittania Life and then ended up with Alba Life and devalued. I have had no advice from my IFA who is still supposed to be managing the thing except…
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Care home at old age - money?
Hi All, I'm wondering if someone can help. This regards a married man in his seventies with a reasonable amount of saved money, shares and premium bonds. His main worry is if somewhere down the line he was taken into a care home (nursing home), would the governemnet take his assests to pay for the care? Is there a sensible…
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Unclaimed private pension and resulting tax
Hi all, My Dad has 3 private pensions with Scottish Widows, NPI and Standard Life. They are worth £44,000 across the 3. My Dad leads a simple life and gets by on what he receives for his state pension. He could afford a flash car but he is more than content with a £1k Rover. As a result the 3 pension pots have not been…
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Never Buying an Annuity
Hi I hadn't really been following the pension changes that Clegg etc proposed but I recently came across this. millionpoundpension.com/2010/09/uk-pensions-are-changing-again.html It looks as though you can now continue in Drawdown forever and your fund can pass on to your children less 55% tax rather than the current 82%.…
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Terminal Cancer
If an individual has terminal cancer with life expectancy of somewhere between 1 and 6/7 years what sort of impaired life annuity benefit would be possible over and above a standard annuity rate? Fund of £35k, standard annuity offering £1800 after TFLS taken, so roughly 6.4% rate......but what could an impaired life…
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Disability Allowance Affected?
If an individual is in receipt of disability living allowance will this benefit be amended (means tested) if a pension is drawn. So, if annuity income is received will this affect the level of disability bebnefit? Thanks in advance.
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Scottish Equitable Endowment Maturing
Hello ,I have been reading horific stories about Endowments over the last few years,my policy matures in Feb 2012 can anyone advise if Scottish Eqitable have performed better or worse than the rest.Also do endowment have bonuses at the end of the 25 years which are added to the value of the policy,I am not relying on the…
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Can I transfer my pension from New Zealand to UK
Hi I am trying to find out, without any luck at the moment if I am able to transfer my pension from New Zealand back to the UK. I emigrated and moved a lump sum from the UK into a New Zealand investment account, unfortunately we had to return and now I cant find anyone who can give me advice. Can anyone help please?
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my blind 91yr old disabled mum will have to move
My mum moved from bournemouth to be nearer to me, so i could look after her and she can remain independant, we took out a buy to let mortgage just before the crunch and are tied in at 5% mortgage until 2015, I am aying £580 er month towards the house and the ension credit service has been paying her share of an equal…
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Advice on claiming Pension Credit
Hi, I'm new to this site and it's the first ever thread I have posted so please be patient with me. My problem is that my mum who is 76 sold her home in the UK, and bought a house abroad last year thinking all would be sunshine and flowers but unfortunately it was not. Anyway to cut a long story short one year later she is…
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firm changing pension schemes yet again
the firm i work for are changing the pension scheme again, this seems to happen every 9 years and the funds in one cannot be transferred to the other because we would lose money. the company employ a private firm to look at our investment and have negoited a reduce rate for the annual management charge but we have to swop…
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Advice...transfer
hello, i have 2 pension schemes. 1 was with my previous company who went into receivership last november and 1 with my new company which has been running only a couple of months. Pension 1 current value = approx 2,500 Pension 2 current = approx 500 Am i best transfering all funds from my old scheme into the current one to…
