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ONE SIPP or TWO?
As I test out a few SIPP's I am wondering if it might be best to end up with TWO SIPP's in my Drawdown years....? Then I can take advantage of where investments are cheapest, the lowest charges, best SIPP for drawdown, customer service, research, online trading etc... I am prepared to pay for the duplication in fees as…
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Contracted Out and confused
Hi, I'm hoping someone can help me make sense of my situation regarding contracting out and "minimum contributions" in the 2009/10 tax year. From 6/4/09 to 30/11/09, I was a member of a company group pension plan which was contracted out, with the employer NI savings reinvested into the plan. I believe my standard NI…
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Tax Paid On Deceaseds Pension
Hi i hope someone can help,a friend of mines mother has not long lost her husband,and had been contacted by a private pension company from which her husband had this pension with,and paid her a lump sum of £7,900 but when she recieved the money she only got £5,400 as the tax man had taken the rest. What i'd like to know is…
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Best SIPP in Drawdown?
If I have a £200k SIPP (£100k Funds / £100k GILTS) and move it into a USP/Drawdown... which is the best value SIPP provider? As a starter, it looks like HL will charge: GAD Calc (USP setup) £75 +vat Annual Charges (due to GILTS) £200 +vat Is that the best deal out there?
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Retirement health insurance
I have been trawling the web but cannot find an answer to my specific question - actually regarding retirement health insurance but I figured I would start with this forum. Situation is as follows: I am 46 (wife is 47) and we are tentatively planning to retire in 4 years. We are uk citizens living in the EU (in Germany)…
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Partial Surrender of With Profits Pension.
Hello, I have a letter from Friends Provident saying that a 6 month delay on Property Funds switches and transfers has been lifted . Can I as a policy holder ( 45 years old ) withdraw funds partially ? By this I mean transfer some of my "Property Fund" into a private account ? FP have stated that they have had requests…
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Pensions
In 1989 at the age of 18 I took out a personal pension with Brittanic Assurance, it was one of those 'SERPS' opting out pensions. Anyway having forgotten about this until earlier this year I found out they are now Phoenix Life. As I am only 39 does anybody know if I can claim any of this pension back now? Its value is only…
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Civil Service Pension Choices and SERPS
Hello everyone, I am hoping that one of you intelligent people out there can help me with a decision that have to make about pensions choices. Within the next two months I will be joining the Prison Service and I have received an information pack about pension choices. I am 39 years old and do not currently have a pension.…
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MSE News: Don't let retirement apathy cost you thousands
This is the discussion thread for the following MSE News Story: "Around 60% of elderly people accept their pension provider's annuity plan, which is likely to be a grave financial error ..." Read the full story: Don't let retirement apathy cost you thousands
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Pension tax relief reforms
Hi there - Mr Lol is a higher rate tax payer in a (closed to new entrants) final salary scheme. We've been hearing worrying things about the proposed tax changes on the projected accruals and it sounds like people will be leaving the scheme in droves and putting their money in the company's new defined benefit scheme. Are…
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Expats and SIPPS Pensions
I am a non Uk Resident currently living and working in UAE. Paid in US Dollars with no pension. I have a frozen Uk final salary scheme of 17 years. I have a frozen Dutch pension of 3 years. I have a frozen Uk DC scheme of 2 years. I am likely to return to UK at some stage to I have ruled out QROPS but I am very interested…
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lgps increase - dare I ask?
Dare I ask whether LGPS (a funded scheme) has increased by today's (1 September) inflation (RPI) rate for existing pensioners? (especially as most people think that these miserable pensions are somehow "goldplated") harumph
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Care home charges
i have been contacted by solicitors who tell me my mother who is in a care home and paying her own fees is eligible for some sort of a cash rebate because the goverment pay local councils some money to help people in my mothers position does this ring bells with anyone? does anyone know anything about this? i need some…
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Pension at 47
I am about to take voluntary redundancy from the Civil Service and my pension will be frozen at 26 years service. I need to establish how much it will cost to make up the rest of my pension. Ideally I need to have an additional £8,000 a year pension to add to what I will get from my Civil Service pension in order for me to…
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IFA's and buying Annuities
Hello, As a result of my employer of some 36 years changing the providers for the contributary company pension scheme from time to time, at 21 months from my age 65 (male) retirement age I find myself with a number of pension "pots" of varying amounts. The company failed in November 2004 and I converted the assets of the…
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Retiring - Official Last Day of Service
Can anyone tell me the official last day of service when you retire? I am due to retire in three week time. My 65th brithday is on a Thursday so do I retire at close play on the Wednesday or do I have to work on the Thursday. It is quite important as I am working away from home and I need to know my rights and book a…
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Off sick, given 3 months notice
Hi I've been off sick with stress/work related mental health problems. My GP has always been supportive. I have been referred for counselling, but have not yet reached the top of the waiting list. Work now want to terminate my contract, giving me three months notice. I have a sick note for two months, but today the GP I…
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CIS Pension, adivce needed please
Hi All, One of the pension's that I pay into, a CIS pension scheme I took out in 1983 (if that makes any sense), when I signed up for it they said I can take some money out when I reached 50 if I wanted to. I reached 50 in July (they changed the rules in April),I've been having some finanicial difficulties as well so I was…
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Estimated interest query/ Pension coding
Hi I have received a pension coding form which asks for estimated interest on savings. I am living with a member of my family but am planning on buying my own flat with my savings. Can anyone advise me how I should calculate interest. Should I deduct what I am willing to pay for flat and calculate on remainder of savings…
