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Hargreaves lansdown
I have a new generation pension with Friends Provident. My IFA receives annual commission from them. To reduce all management charges and commissions should i transfer my pension to HL I want my monthly payments to benefit me and not others.
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Voluntary Class 3 Contributions
Can anyone help? The Direct Gov and Pensions Advisory websites have contradictory information concerning the rates of Class 3 NI rates for the 2007/8 tax year. DG say £7.80 pw PAS say £12.05 pw Any idea who is right? Essentially I want to find the cheapest years to select for someone who reached retirement age in May last…
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Pension affordability solved - back to the future
When pensions were introduced, they were expected to take care of the pensioner for just a few years before the pensioner died. So why not go back to that logic ? If we agree that pensions will be payable for 10 years then they will be payable for the last 10 years of your expected life. This will be estimated when you are…
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Cheapest way to preserve 2010/11 pension entitlement for tax relief ?
Looking at the pension rules as they relate to tax relief, it seems as though I can only utilise tax relief on pension contributions for prior years if I actually had a pension scheme in operation in that year, going back a maximum of 3 years. I have no current desire to put money into a UK pension scheme but I want to…
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Commission
If I pay an IFA a fee for advice on income drawdown instead of commission will the pension provider still take commission as part of their AMC?
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Local gorenment superannuation pension question?
Hi, I am asking this on behalf of a relative who doesn't have a computer. He worked as a manual worker for a london borough for 6 or 7 years leaving in early ninties, and has his pension frozen. He has now developed a medical condition whereby he would not be able to do his old job and I understand under these…
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companyPension 2 years 3 weeks ,frozen
Hi, Has anybody got advice for me I joined my Husqvarna uk company pension scheme JAN 27 2009 On Jan 29th 2011 I was asked into a meeting with our Human Resources manager and our company pensions advisor to be told the company pension was been frozen and deffered , would we like to go into a new pension scheme? I was not…
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Is PILON pensionable service?
Are there any rules for this? I took VR some years ago and physically stopped working at the end of April that year but according to a letter I have , I should have received 3 months further credit to my pension. I started taking my pension at 50 back in 2009 and the paperwork for that states a leaving date from the scheme…
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Realistic Growth Rates
I have about 780K in SSAS and a SIPP . I am trying to arrive at 1800K by 55 in 12 years time. My employer can put 20K in now before April and another 50K in the summer. I can alternatively choose to take it as salary but this will be less employers NI and less tax at 40%, so I can either have 70K in my pension or 37K cash…
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Inheritance Tax planning for the house when passing on to children
Hi All! I'm going through a few points with my parents for estate planning at the moment, and was hoping one of you knowledgable people might be able to help? :) The estate between them is well over the couple's threshhold, so planning is essential to minimise the IHT bill. One of my ideas was to some how pass down some of…
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Part time self employment and NI
My OH draws a small pension of about £7000 per year which should be out of the tax bracket this coming April. He intends to work a couple of days a week fixing computers. He has over 30 years in NI contributions. Will he have to pay a voluntary stamp on any profits he makes or is there a limit they start at. Do they take…
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MSE News: Minister admits millions 'don't have a clue' about pensions
This is the discussion thread for the following MSE News Story: "The pensions landscape will undergo major change shortly so we put your concerns to pensions minister Steve Webb ..." Read the full story: Minister admits millions 'don't have a clue' about pensions
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Useful pension info?
Posted on Smooth Radio UK... How the state Pension has changed and some audio podcasts - you can find info from the homepage of Smooth Radio
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25% tax free at age 55
I earn approx 52k and am 53Yrs of age with approx 20K left on mortgage. I have recently joined a new comany and they pay apprx £500 per mth into my pension and I can over pay into this which would tax and NI free. I don't have a very good pension plan but as I'm single I'm hoping to build my pot up ASAP. I over pay my…
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Pension credit changes soon
Hi people, I was just looking at this new bill going through parlimrnt (Welfare Reform Bill) and looked at the notes that acompany it and found this. "Quote" WELFARE REFORM BILL EXPLANATORY NOTES: 145. Paragraph 64 amends the State Pension Credit Act 2002 so that a member of a couple who has attained the qualifying age for…
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SERPS - Can it be claimed...
Hi, just a quick query... Basically, can a widow, claim the SERPS pension on behalf or the deceased? If the widow earnes their own state pension and a small 'company' pension on behalf of the deceased, are they also eliganle to claim the SERPS top-up on behalf of the deceased as well (income permitting) and I am aware that…
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Savings vs pension
Hi I have approx £500 per month disposable income and a small pension. Should I invest this in savings (ISAs etc) or a pension plan? I have approx 8 years before retirement. Thanks
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Withdrawing from my pension?
Hi all, I'm not very bright when it comes to finance related issues, but here goes. I have just resigned from my job. What happens to the pension that my employer and I have been contributing to? I believe I have accumulated a nice amount and wondered if I can get access to it. I currently owe about £2k on a credit card.…
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National Insurance & Pensions
Due to take early voluntary retirement and start receiving company pension. Not currently planning to work, so pension will be my main "income". Although I still have several years to go until state pension age I believe that although my pension will be suject to income tax, no national insurance contributions will be…
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Seemingly Lost pension
I'm trying to trace a pension which matured in November 2010. I've had a request for further information as they can't find it. It was an employee pension of four years. I'm just concerned in case they can't trace it and I lose it. What action would I need to take then? Thanks for any help.
