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Moving to Australia - what do I do with my pension?
I have worked in the NHS for 30 years and have just reached 50 yrs old. I am thinking of moving to Australia to work where my new employer will contribute 17.5% into a pension scheme. I haven't a clue as to what to do with my NHS pension (do I move it, transfer it, cash it, leave it?) and am I going to be worse off…
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Access to pension
I'm 55 next month and wanted to know if I can access my works pension
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Need Advice: Head been in the sand about Pensions..42 now and need to sort it out!
Hi, thanks for any replies. Some background:I'm 42 and currently unemployed short term. I'm concerned about my Pension as my career history has been sporadic and I'm confused about what to do next.. I'm looking for a general sense of where to go next as well as specific help regarding a letter I received from an old…
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MSE News: Public sector pension benefits should be cut – report
This is the discussion thread for the following MSE News Story: "Public sector workers should be stripped of final salary pensions, says former Labour Cabinet Minister Lord Hutton ..." Read the full story: Public sector pension benefits should be cut – report
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25 y/o and new to pensions
Hi all, I've just had my 25th birthday and I've made the decision that I should start paying into my company defined contribution pension scheme. However, I don't want to just "take the default" and plead ignorance. I understand the need to diversify my spread into different asset classes but I don't want to over…
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What to do with pension funds?
Since 2007 I've been contributing to two F&C SIPP pension funds for my children, now aged 8 & 10. The current amount in each fund is not huge, about £4000 in each. Unfortunately I have recently been made redundant &, due to lack of income, I probably will not be able to contribute further to these two funds for the…
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pension fund
hi my grandad has a pension and the company have over paid him before tax for the past 11 years they now want this refuned to them does he have to pay it back thanks
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A pair of pensions
I'm look at starting pensions for wife+daughter and would appreciate some advice. For my wife, we'll just be paying in for 7-10 years until (hopefully!) retirement, and we'll be banging in £2880pa. We'd obviously like growth (I have 5% in my model) but as this isn't running for many decades, need to be reasonably cautious.…
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Do pensions count towards household income?
I'm trying to work out whether or not my Dad's pension is counted in a calculation of "household income"- I need the calculation for a programme I am applying for. If I am below the threshold (which will not be the case if his pension is counted) then I qualify for funding...
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Should I Transfer My Pension?
I am hoping somebody can give me some help? The company I work for have just switched our company pension scheme to a salary sacrifice scheme. The old providor was Scottish Windows and the new provider is Legal & General. I have been given the option to transfer my fund from the old provider Scottish Widows into the new…
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Buying an Annuity
Hi, 1st thread so please go easy!! My dad will be retiring (65) this year and so is looking to purchase an annuity. It's not an area he knows anything about so I've been trying to help where possible (including suggesting he speaks to an IFA!!!) I've got him the MSE guide etc and have got contact numbers for the usual type…
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Buying an annuity - stay with Pru or look elsewhere?
Hi, Unfortunately my dad passed away very suddenly a few weeks ago at the age of 61 whilst still in active work :( Thankfully there are no outstanding debts or anything like that. He had a few pensions as he changed jobs a few times, but one of the bigger ones with Prudential seems to have a 'protected' portion of money…
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Separated spouse transferring pension plans
I have had a very long separation where no financial agreement has been reached with regard to the matrimonial assets (Scotland). My husband is wanting half the current value of the house, even though I have paid all mortgage and other costs for 13 years, but he wants me to accept half the valuation of the pension plan…
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Drawing a pension from a SIPP
I am 66 and currently drawing a pension form Small Self Administered Scheme (SSAS). It has been suggested that I switch to a SIPP but I understand that there is a limit on amount of pension draw down from such a scheme. Does anyone know where to find information about this?
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Self Administered Pension Scheme, How to protect my investment
Hi, I am 32 years old. I don’t have a pension. I have 3 houses, 2 that I rent out and 1 that I live in. I have a further 3 houses with my brother in law, also rented out. I have a bit of cash available to buy more houses and would hope to buy in the region of 10 -20 more, these will be with my brother in law. The purpose…
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Quick inheritance question
A friend has just divorced. He has two children 20 and 24 who live with him. He has agreed a final settlement with his wife. He is superstitious and won't make a will as he said if he dies his estate will automatically be divided between his children. Is he correct or is there an amount that will go to his children and…
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Pension changes to Annual Allowance
Apologies for what must be a very basic question, but I am getting very confused with the changes. I am in a defined benefits scheme, but also have a Sipp, to which I have been putting in the maximum contribution under the existing rules (relevant earnings less employer and employee contributions). I have estimated the…
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Nurse..shall I retire now whilst I still have a pension
Hi...im a nurse with 17yrs final salary pension aged 57yrs...I have missed by 6 months of being able to retire with a state pension and I am worried that the gov will half my NHS pension so should I retire now and invest a lump sum or hang on as it may not affect me ?
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Pension Tax relief
I am receipt of a State and Occupational Pension. I pay basic rate tax of £3,500 above my £9490 allowance. Would I be able to start a new Pension plan, in order to alleviate some of the tax that I pay ? If so, how would I go about it ? Thanx.
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Sell Pension
Hi everyone, I'm after a bit of advice. I have a pension with my old company which cannot be transferred to my current job (which is a really good one), they say the value isn't high enough so would actually have an adverse affect on my current pension. So I was looking at selling it or getting one of those pension loans…
