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Lifetime allowance question
I have pensions savings (money purchase) overseas. I'm fairly sure the pension scheme would not be recognised as a qualifying scheme by HMRC. It was totally run within the rules set by the regulatory authorities and tax authorities within that country. I (and my foreign employer at the time) only contributed to it when I…
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Beneficiary Of Pension - Not Married
Hello Everyone I'm really hoping some really intelligent person will be able to give me some guidance. My Mum's partner of 20 years has just passed away. He was aged 64 and had no children, just 2 brothers. My Mum was named as sole beneficiary on one pension scheme and joint beneficiary along with the 2 brothers on another…
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Pension contribution
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. Due to this I plan to pay 30k into a pension fund from the…
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works pension question
hi, looking for advice i,m 46 years old caring for my mother, i,m looking to claim my works pension on ill health through caring for my mother, it means while i,m caring for her i cant get a decent income and are struggling with bills mortgage, i got made redundant in 2008 and now care for her and can,t look for work, i,m…
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Qrops frozen pension
I have a 27 yr old BT pension that has been frozen for 17 years. I now live in China and wish to transfer it under QROPS. Accenture, the trustees, say that because I am 63 I can not do this, even though I have not purchased an Annuity or taken a drawdown, they say it is the rules of the trust...Is this legal and right
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Pension payment
As my wife is gettinh her OA Pension now and I do not get mine until I am 65, in 3 years time, will it then be paid as 1 payment or will we get individual payments
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Sipp vs Stakeholder vs PP
Hi, I'm 32 years old and have an old employee pension with a total pot of about £12.5k, held in a Stakeholder with Phoenix Life (formerly Scottish Mutual). I haven't made any contributions to it for bout 7 years, apart from my opted-out SERPS contributions, which have steadily been going into the protected rights portion…
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Lump sum vs Pension: Help me understand
I will soon be retired on medical ground I have a final salary pension that will either pay me based on my years to date, or on years to 65, depending on whether they deem me to be incapable of doing my own job, or incapable of doing any job I have no idea what to expect. It is clear to me that I can't hold down a job, but…
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What to with mt pensions?
Hi all, Iam a 32 male married and a house owner. I have final salary pension worth around £6k and a Scottish aegon pension worth around £26k. I have started a new job a new pension, this also is with Scottish aegon. Please can someone advise if I should merge the two Scottish aegon pensions? Also please can you advise if…
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Stake Holder Pensions
I was considering taking out a stake holder pension, I am currently 42 years old. But not really sure if it would be worth my while or not. So wanted your opinions of this? Whether you think it would be worth my while or not?
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armed forces pension
I am looking to sell my armed forces pension, but am not to sure how to go about it. Is this a good idea and does anybody have any advice:)
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Need advice on pension transfers
I've just moved job and have just less than 2 years contributions into my occupational scheme – circa £8k The current scheme won’t freeze it, I have to wait 2 years before I can txf existing conts into my new employers scheme. I don’t want to get hit by 20% tax plus the loss of my old employers conts – if I accept a…
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Pension error - any recourse?
I just heard from my dad that he had a letter from the company that runs his pension from his work. It said that he had been overpayed about £900. He was forced to retire about 8 years ago and has been claiming the pension since so the error has been running this long (through no fault of his own). His pension is not a lot…
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Scottish Widow pension
I'm 26, had my pension with SW for 6 years but as I dont have all the paper work from when I started it I was wondering if its possible to cancel it and if I do do I lose all the money in it?
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Pensions
Hello All, I have just had my reminder to claim my old age pension, that working life went bloody quick HA! I am a widower just coming up to retirement age. The point of this message is that my new partner who is retired too has moved in with me this year, will this affect our pensions anyway? both pension are state…
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Take the money and run...or transfer my lump sum?
Hi from a newbie. I'm a complete financial dunderhead and need some advice pretty urgently. I was made redundant at the end of last year and because I was in my company pension scheme for less than two years I have been given the option of either receiving a refund of my contributions (less tax) or transferring the money…
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State pension
Hi my husband and i are approaching retirement age and are confused! My husband has full n.i contributions and i am three years short which means that i will get a reduced pension but together we still get the full married couples pension entitlement. Can you please tell me if it would benefit me to pay the missing years…
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Sipp vs S&S ISA (or both!!) - Advice Please!!
Hi All, Like many others who have posted on here I need some advice about starting a pension! I have trawled the posts on here and yes, I can confirm it is a very confusing subject!! A brief summary of my positon........ 38 Yrs old - Married Man Want a retirement income of circa £35K (Apologies if Im dreaming with this!!)…
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Early retirement and jobseeking / benefits
Hi All, I have had enough of working for my company after working for them ( off and on since the early 70's). Sorted and leaving in less than 1 month on my 55th birthday. I will be getting pension of around £11K and planned on possible part time job to boost my income. I know I won't get job seekers allowance and am not…
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Please help i need pension advice.
I have just turned 40 and i really need to start up a pension plan but you hear so many bad things about them i dont where to start.I live in a council house and we wouldnt be able to get a mortgage. My wife and i both work so we can afford to put some money away for the future but dont know where.
