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Transfer very short term company pension?
Hi all. The company I worked for for 13 years was recently taken over. All terms and conditions transferred but of course I had to start again with the new companies' pension scheme. Within the first month, I was one of many people made redundant. With consultation and garden leave, I ended up with 5 months of payments…
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BT Pension
How safe is my bt pension ? I am 57 years old and looking to retire at 60,however i have the opportunity to withdraw my pension now and carry on working untill retirement age.therefore should i withdraw my pension now.
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tax free sum
i understand that the maximum amount allowed under HMRC rules is 25% i can take from my pension pot when i retire, however i have been told there is an illness rule that allows more true or false?
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Pension Dilemma - Comments appreciated
Here is my position: Being made redundant on 1st October. Age 55. £84k pay-off if lump sum taken (less tax and NIC after £30k allowance) In Local Government Final Pension scheme. Will be paid unreduced pension following redundancy. Pension lump sum £37k or much more if commuted of course. Option to buy more years (£56k for…
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investing my deffered pension
Please Help Hi, My deferred pension sceme from an old emploter have contacted me and said they no longer want to have deferred members,and have offered two alternatives to me. They state the value of my deferred pension at present stands at £100,000 . The company that runs it have offered me a cash lump sum of £15,000 (…
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Pension Advice
Hi, I am new to pensions and know very little so I need quite a bit of help. Here is the lowdown. I have two pensions from previous jobs. I was a bit younger when they were started by the companies I worked for and I had little thought for them and how they work. At retirement age they should come to a total value of…
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Pension maths for newbie!
hi, can someone check my proposed pension maths please?! "the company requests you contribute a minimum of 3% of your gross salary. the company will also contribute a flat rate of 3%" I propose to contribute 7% of my wages making the total contribution of 10%. 7% of £1750 total gross = £122.50 only pay 80% of this due to…
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Income tax and OAP pensions
I will be 65 in October 2011 and today I got a letter from HM Tax wanting details of my private pensions and what my OAP pension forcast will be so that they can work out what my tax code should be. Is this normal, as I would have thought that they are more than a year early? Does this mean that from April of the next tax…
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NHS pension -what is the worst the govt can do?
a family member of mine works for the NHS as a Nurse. She is currently 2 years away from having forty years of pension contributions and before she is able to retire on a "full" pension. with the changes in pensions being proposed, what is the worst that could happen to her pension scheme. Currently she has final salary…
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Do I have a problem?
Hi, I have no idea if this is the right place but it seems to be. My husband of 31 years is 62. I am 66. We have our own house and since he had to leave his job last year due to ill health, we have been struggleing with our money. We have a mortgage which was taken out in 2004 for £100,000. We cannot have any of the…
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Home or Pension
Hi I am currently in a quandry. Myself and my wife are currently living in a house valued at 180k. We owe 40k, which is being paid over 15 years. Possibly with a view to moving home and upping our mortgage to 65-70k for a 205-210k property. I am 40 and have recently started working for a company with a pension scheme which…
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Pension for my son?
My son is in his early 20's, working freelance, and unlikely to be able to afford to start a pension for some time. I was thinking of funding him to start a modest stakeholder at £20 per month, any thoughts on this?
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I have 4 pensions and need to put them in 1
Hi Guys I currently have 4 different pensions. One is currently with my job and the other three are with previous employers. I would like to know whether its better to transfer the balance into the current one or take a lump sum (dont think i can though). Plus i have been told that one of them i cannot transfer as i…
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i am on IB and am falling short in NI contributions
Hi I have been on incapacity benefit for the last 8 years, its up for renewal now but not heard anything yet. I was worried if i did not get it what i would be entitlied to. So i rand the DWP and they inform me i would not be entitled to any other benefit as i have not been paying NI contributions as i am not on a income…
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Making a loan out of my SIPP
Hello all, I have a question regarding my SIPP and the rules surrounding the loans to unconnected third parties. I already have an IFA who has put me into SippCentre. They are very good and I am very happy with their share dealing service. However, I am keen to lend money to a new business at a good rate of interest.…
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Basic Query
Hi, Sorry if this is covered elsewhere, I have been looking I can't find any straighforward answers. Also my apologies if this is long, rambling and not very straight forward! Simple query is, I would like to recieve £2k per month after tax once I retire, am I curently on track? (based on todays terms and assuming standard…
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best way to stop a pension
Hi, I have a pension with royal london and it seems that the best thing to do at the moment is stop it and use that money to start paying off my interest only mortgage. they keep telling me in order to hit my "modest target pension" of £15000pa they need an extra £958 a month !!!! if I carry on at my with my current £140pm…
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National Insurance Credits
Does anyone know the lower limit where you get credited for NI? I know the lower limit for paying it is £110 a week, but I'm sure there is a limit below this where you get credited. Any answers? (Posted also on Tax Board).
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scot/wids abbey serps refund help
:eek:hi guys long time no post but,was a site review serps.co.uk where they say they can reclaim money back when i spoke to them they told me as i have moved my pension now to a sipp i cant claim, but told me to write to scot/wids as my age and date when took pension out and told to opt out of serps seems i may have a…
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Pension Funds
Dear All, I wanted to ask if anyone had any ideas on,with a lump sum and wanting to put it in the best possible pension fund with the best possible interest rate, all low risk? Please advise,look forward to hearing asap, kind regards, CRUSADER
