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company pension scheme - for temporary workers?
Hello I have been on a temporary contract for 2 years now with the same company. does this mean that I should be offered the opportunity to pay into the company pension scheme, as I should not be descriminated against?. Permanent employees are offered this after 3 months service? any information appreciated. thanks
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What type of Pension should I consider
Hello, Not posted here before and despite a long look through posts I thought it would be easier to start a fresh one. My scenario is this; 39 this year, good income, married, twins, but as usual not much spare cash each month despite fairly high income. Two old Company pensions that are frozen and only had about 5 years…
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Accessing my pension
Hello there! Can anybody give me any advice on accessing my pension? I'm 48 years old (49 This year). I've been told that I can't access my pension untill I'm 55. However I read in a post that I could access it in some circumstances, ill health being one of them. Three years ago I was diagnosed with throat cancer and, to…
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Government Tax my Sister In laws pension
My Sister In law recently retired, she has worked for 45 years. She gets a works pension and the state pension. This is what happened she told me. She is not getting a full state pension! Yet has worked 45years? I read that as long as you have paid 30yrs you are covered? She said they combined her private pension with her…
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Transfering a pension ??? Aviva to railway
I have had a private pension with Norwich Union / Aviva since the early 90s. I have since started on the Railways and am in the railways pension scheme. Finally it might now be worth something and I'm thinking of transfering the old one into the railway scheme, is this a good idea?? I have opted out of serps since 1988, (…
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Pension Boosting latest.
I posted this in reply to another on the original Pension Boosting thread, it's self explanatory but really needs following up by MSE as the April deadline is drawing ever nearer.............. "This may help you - my wife left her details on the answerphone number given by the Pension Service 0845.6042931 and duly received…
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IFA Money For Nothing
I have a Standard Life Pension set up 10 years ago by an IFA. Since it was set up I haven’t heard from the IFA. Every time I put lump sums of money into the pension this IFA gets cash. Last week I put in £16,000 and he got £420. Is there anything I can do to get the £420 left in the account? I wouldn’t mind him getting the…
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Should I, as a stay at home mum, put money into old work pension or take out new one?
I have 2 paultry pension pots which amount to extremely little. One for 4.5 years with civil service back in early 1990's and one with PriceWaterhouseCoopers via Winterthur Life for 4 years or so. I left work 7.5 years ago to stay home with children so have not contributed since. Would it be a good idea to contribute again…
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Pension contributions and tax return
I am currently PAYE and don't have to complete a tax return. Does anyone know what the maximum amount is I can pay into a SIPP before I have to complete a tax return? In the past I have just telephoned and then written to HMRC to let them know how much I have contributed and they have been happy with this. I have had very…
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Nominating a beneficiary for a payment
Im not sure if I should have posted this elsewhere so please do point me in the right direction if I havent I got my annual pension statement in today and was quite shocked at how much the 'death in service' payment is. Between that and another policy my work has and my own life insurance its now a 6 figure sum. I have 2…
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State pension and NI contributions
My husband and I are thinking of retiring early - he will be 61 and I will be 57. Can anyone tell me what effect this will have on our State pension when we both reach 65? My husband has paid high NI contributions over the years and had a letter a few years ago to say he should have £150 a week when he retires. I have…
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Nuvos pension - leaving with less than 2 year's contribution
Hello, I'd be grateful for a little advice from someone with more (read: any) financial know how than me. I have recently left a nuvos pension scheme having joined 14 months ago on a 12 month contract (yeah... go figure). I now have a few 'options' which to be honest I am confused about. As it happens I think I was…
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Set up a pension for a single payment/transfer?
Hi there lovely MSErs! My OH recently changed jobs and has been told by his new employers that he cannot transfer any existing pensions savings into their (final salary - hurrah!) scheme. He has recently had a letter from his old pension (nuvos) that he needs to nominate a new pension to transer his contributions to, or…
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How much will IFA charge to set up PPP
At the moment I am investigating the option of starting a PPP to maximise the tax uplift during my remaining couple of years as a higher rate tax payer. I would be looking at a £35K lump sum to start followed by £1.8K per month for the next 2 years. Assuming that a PPP is the way forward, what would be a reasonable charge…
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Where should I put my money?
Hi guys, first post here - hopefully the first of many. :) I'm 21 & currently work for an international company in the IT industry; on a telecommute basis. I bring in just over £2,000/month after taxes and seeking advice on where to save my money. Unfortunately, only US employees are entitled to the 401k plan (US…
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RPI/CPI calculation help needed
Hi I was considering purchasing Additional Pension (NHS) sometime 'during the next few years' but the way that it will be calculated will change with applications received after 31st March, so I have to decide now whether to do it earlier than I had anticipated I'm not being lazy, I've read all the threads but I just can't…
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I'm a bit worried about my IFA
..who met with me on 23 February to discuss Sipp investments which had recently matured. The money then sits (and is still sitting) in the Standard Life cash account where it earns, I think 1% of naff all. Since then I've sent him a couple of polite reminders but had no response-he was due to let me have a list of…
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Should I combine?
I have worked for my current employer for 23 years, split over two periods of employment, from 1982 to 1999 and from 2005 to date. As a result I am in two different Pension Plans run by them. The one that covers my first period of employment has a fund value of £46,000 and the one that covers my current period of…
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Home Responsibilities Protection (HRP) have to pay tax?
My Mum has recently received notification from the DWP that she is getting a lump sum because of the Home Responsibilities Protection (HRP). What would be the situation with regards to tax? I am just concerned she gets this lump sum and then later on down the line she gets a demand for tax. (Sorry not that clued up on…
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Pension contributions /
With a pay rise and the change to personal allowances fro 2011/12, I am in the fortunate (or unfortunate) position of potentially starting to pay higher rate tax. I am currently in a generous company pension scheme, were they double my contributions up to a fixed percentage (5% from me,10% from company). In order to stay…
