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£140 per week pension and S2P
It seems that a bit of pension socialism is likely to come into play. Suppose that someone's pension forecast is currently £99 pw, presumably they would receive a top up of £41. A person with a forecast of £141.00 pw (who has not contracted out) would be allowed to keep his/her £1. A person with a forecast of £110 whose…
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NHS pension
Hi I've just returned to work in the NHS following a 5 year break of service. I've been entered into the 2008 section of the Pension scheme. My previous contributions were into the 1995 section to which I contributed for 15 years and I have been asked if I would like to transfer my previous contributions over to the 2008…
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Pension Novice in need of help!!
Hi everyone-im a new comer to the forum so be gentle! The advice ive seen so far seems pretty honest and straightforward so i thought id give it a go! I am moving jobs at the end of April and need advice on my pension. I currently have a Group Salary scheme with Aegon in which i put in 3.5% of salary and my employer puts…
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Advice on company pension
Hi there, It is my understanding that all businesses that meet certain criteria have to offer all eligable employees a pension thay can pay into. I have worked for the same company for over 5 years and not once from the time of my initial interview with them up until now have they offered or provided details on a pension…
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New company pension decisions
Hello all, I recently started a new job and am doing some research into which pension scheme to join. The company will match my contributions up to 5% however despite stating in the literature they sent out along with my contract that they would be happy to pay into an existing pension scheme the HR dept refuses to honour…
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Tax free lump sum/ income drawdown
Have i the option to take all of my 25% tax free lump sum from my Sipp at the start of income drawdown or can i take % at start date (55) then remainder at (60).
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Invest money in ISA until change of tax bracket?
Hi there, I'm trying to help my sister with her pension arrangements. She has no company pension scheme and thus my understanding is that she'll be contributing post-tax and post-NI money to a Personal Pension and getting tax relief at her current rate of 20%. However she is likely to move into the 40% bracket in a few…
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Ms Helen Breheny
I am totally confused by all the pension information which is changing by the minute. I am also annoyed by the fact that according to my understanding (or am i wrong) that I have been working since 1972 May, age 15yrs 8mths and will work till 65 and will have worked 49yrs and 6 mths by then. My only time out was working…
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SIPP drawdown
I retired in December with a pension of £23000 pa. Can I take out a SIPP now to avoid paying higher rate tax this financial year? If so, under the new rules in April, can I draw it all out next year and pay 20% tax? It wouldn't go into the higher band and I wouldn't want a slow drawdown over many years.
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Tax Code 443L Earnings £40882-High Rate Tax?
I am due to receive a £2000 annual bonus in my salary 18/3 which will make my Gross earnings for 2010/11 Tax Yr £41000. My tax code is 443L. Will this mean I will pay higher rate tax for this year & if so can I avoid this by paying a lump sum in to my pension before 5th April? Thank you.
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Self administered pension scheme
Hi I've just found out I have a pot of £52K in a pension scheme with a previous employer but I have to move it as no longer eligible in their scheme. What should I do now ?
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I opted out - but where ?
Hello very new to this forum lark but willing to learn..... I opted out of SERPS 25 years ago - I was 18 and didn't give a monkeys about pensions as I was never going to get old...... I'm now trying to find out where it went/its gone ? Where do I start ?
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RBS Pension Overpayment Error
Royal Bank of Scotland has overpaid a pensioner and wants to recoup the money. Has anyone on here heard of that happening to others?
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Local authority pension due soon
I finished in teaching about 10 years ago after 15 years slogging. I am currently self employed and doing ok. My teachers pension is due to be paid in August. Is it best to wait and see what the government are going to do with the risk of losses, or should I jump and take it early with the known losses.:(
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Personal pension matured but not retiring yet.
I have paid into a Standard Life personal pension for the last 15yrs or so and the final value is estimated at £42,000. When I took this out, it was aimed at when I would be 60, which will be in a few months, but a) my state pension will not be paid until I'm just over 61 and b) I will probably continue working after that.…
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Naval Pensions
I joined the Royal Navy in October 1971, and on leaving in December 1979 I was issued with a Navy pension on my retirement when I am 63. I would now like to find out what this pension in now worth, the paperwork i was issued with was lost when my father died. Please can someone help and give me some advice on whom I…
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Pension calculator
Been looking but cannot find an Online calculator to work out how much to save a year in a pension to have an income of say £20,000 (example) a year. I know that there are some out there has anybody got a link ? :beer:
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Does pension contribution affect tax credit?
Greetings fellow moneysavers, After a long time lurking I've taken the plunge and registered, hoping someone can answer my first posting: I understand that pension contributions can be deducted from earned income declared for tax credit purposes, but does this apply when the contribution is made by a non-working partner?…
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need advice on pension transfer
Help ! Have just discovered I have pension from an old firm who has been taken over a number of times since I left.. I am now 57. The current provider has written to ask me if I want to transfer the total to a new pension company of my choosing, OR they will be transferring all to a company called MetLife Assurance Limited…
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"relevant income" calcs anti-forestalling
2010/2011 - My basic salary is 65K, 10% p.a. of this figure is salary sacrificed, (so, my employee pays in to my pension plan 6.5K for the sacrifice). In addition, my employer also contributes another 7% p.a. to my pension plan. These payments are monthly. This year I received other taxable income as a one off payment of…
