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MSE News: £140-a-week state pensions on the cards
This is the discussion thread for the following MSE News Story: Read the full story: State pension reform unveiled but no £140-a-week payout confirmed and the earlier version before Iain Duncan Smith's speech today: £140-a-week state pensions on the cards
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Civil Service - Premium or Partnership?
Hi Can anyone please explain the differences of these two schemes to me in easy to understand terms if they dont mind? Got to choose from these two and not sure which one is best? Any advice would be greatly appreciated. Thanks in advance. :)
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Living Abroad: Pay NI or Private Pension Scheme?
I'm currently living abroad and have signed up for voluntary NI payments in the UK. The voluntary payments are actually more than I would be paying if I was living in the UK so I've started to think about cancelling my voluntary payments and putting the money into a private pension scheme (based in the UK, probably with my…
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SIPP advice please
Hi all Would appreciate any advice/recommendations please; I'm 60 next year, unmarried & unemployed. I have a personal pension fund with Standard Life, current value £80k of which £24k is protected rights. I'd like to take the 25% tax free but do not want to buy an annuity with the balance so presumably should set up a…
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Save for pension or overpay mortgage?
Hello, I am wondering whether it's better to overpay my mortgage at max (£500 p/m) for the next two years, which is currently fixed until Feb 2013 at 5.6% or whether I should pour my money into a pension? I am 30 and have only just started a pension :eek: . My employer does not contribute to the pension. I have seen on…
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Immediate Care Plan - cost/pricing
Hi all! Just a quick question on the pricing of Immediate Care Plans. Does anyone know where you can get a quick an easy quote on one, or does it not work like the car insurance comparison websites? I'm guessing they're quite specialised and specific to needs and so you would have to see an advisor! I was just checking to…
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Scottish Widows Retirement Account
Found this from the launch blurb: http://www.insidemoneytalk.com/news/sco/sco148.html "A seamless designation process that allows assets to be moved into Retirement Income without being sold and repurchased Scottish Widows, today, announces the launch of Retirement Income - part of its flagship pension product, Retirement…
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Aegon 1st year up front fees
Hi, I've recently been shown an Aegon flexible pension plan where you pay all the admin charges out of your 1st year contributions, and as a result the AMC charges are only 0.35- 0.5%. So if you pay in £200 per month they take £1200 out of your first year contributionsk, then the AMC is 0.5% for 20-50k, 0.4% for 50-150k…
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Which is better for me, AVC or SIPP?
Hi I am 46 years old and in a company pension scheme (money purchase) which has a current value of about £125,000 which equates to an annual pension projection of £14,000. The scheme works via salary sacrifice and the employer contribution is £13,125 per annum. For this year only, due to one off bits of income, I will be a…
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Would this DIY Will pack work?
Hi, are these DIY Wills work? http://www.lawpack.co.uk/wills/product702.asp or do I need to go through a solicitor?
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Need to get a Will, who, how much, what to ask?
Hi, we need to get a Will drawn up, I saw a guy in our local shopping centre who was handing out cards etc. and gave him our details, I think he quoted about £120 to do a Will that covers my partner and myself, leaving a joint home to our children etc. But he kept ringing about twice a day, even on a Sunday, sometimes at…
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Will question
I just have a question about wills. Man dies, only living relatives are a niece (and her children), and a sister-in-law. A few months prior to his death, he spoke about financial matters to his niece, giving her the impression that he was going to re-write his will, and leave most of his estate to her, with the rest going…
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Need advice about Navy Pension
Hi. My step father served as a Chief Petty Officer in the navy & was there for approx 22 years. After his service he met my mum & they were married for 16 years. He died at 54 of throat cancer missing out on the lump sum he was expectiong when he was 55 ........ 10 years have now passed, My mum has never recieved this lump…
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lgp what age can she clain it?
Hi not sure if i amwording this right but basically,my friend is 60 this year,and she has worked for local council for over approx 15 years and paid into LGP scheme, the question is 1. if she rdecided to finish work earlier than the retirment age (65 i think), can she claim her pension,?? or do you have to wait untill a…
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Early retirement / voluntary redundancy
I have worked for local government for 20 years (17 years term time only) and I am 55 I have been accepted for ER/VR. Is it wise to take the highest lump sum redundancy and pension combined. I am intending to work part time. Or have a higher pension and smaller lump sum. The smallest pension I can take is £500 per month…
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NHS Superannuation/Pension
Back in the 1980s I worked as a student nurse for a couple of years. It was compulsory to pay into the NHS Superannuation scheme. Does anybody know if it is possible to withdraw these contributions? If so, how do I go about it? Thanks.
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Saving for my retirement
Hi Everyone. I am starting to save for my retirement, I am putting down £250.00 per month to start off with so far. I want to take early retirement and retire at 60 if possible. I have looked into a private pension and I have not got a clue where to start. I have a high interest savings account, where, after the first…
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SIPP/IVPP - What counts as income?
Hi Does Property Rental Income count as Income in relation to how much can be invested in the above? If it does, would that be the gross rental or the net taxable amount e.g after deducting mortgage interest. Many Thanks Alan
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whats best : a lump sum avc or monthly payment? advice please
Hello, Some advice would be greatly apprieciated. I wish to make an avc payment into my pension. I would prefer to make a lump sum payment so the money works for me straight away. i understand i will need to claim back the tax myself for this. The other alternative is to have a monthy payment deducted from my wages and tax…
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Maximum company contribution to your private pension
Hi all Rather than the maximum total contribution set by the government I was looking for views on how much the HMRC will see as 'too great a contribution' Myself and I my wife work for our own Ltd company. We currently have a small (c£5k pa) salary made up with dividends. The company also contribute £18.3k pa to each of…
