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state pension question
My DH is 4 years older than me and will get his state pension when he is 65 and I am 61 I have contributed full NI over the years but do not get my state pension until I am 66 now Does he get any increase to his state pension to help him support me for the period when I am between 61 and 66 if I am not working? If so is it…
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LGPS buying added years and redundancy
I am in the Local Gov Pension Scheme and was in the middle of buying 5 added years on my pension (to be paid by 2017) when I have been told I am to be be made redundant with a severance payment of £48K. I have also been told that I can complete the purchase of the 5 extra years if I pay a lump sum of £31K. I asked that the…
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Margetts Fund Management
I wanted to know if anyone had any experience of this company or if anyone considered them worthy of a look (or not). They are fund managers who offer in my layman terms "funds of funds". [URL]http:///www.margettsfundmanagement.com[/URL]
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My Pension
Hi there, I started work in May 2010 and my job pays out a 15% pension. It is via Standard Life but due to complications has not been set up yet. Although my employer has paid around £3500 and sent a cheque to SL which was sent back because of identity issues. Now my question is this, our organisation is quite flexible and…
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Father Passed away what happens to his state pension
My Father passed away last year what happens to his tax contrubution into his pension? My mother has also passed away
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Drawdown charges
I'm looking at an initial direct sales income drawdown/unsecured pension illustration. I'm 64 - the illustration assumes I will buy an annuity at age 75 with what's left of the pension pot. [I know I no longer need to do that and I currently think it's unlikely even if any leftover USP pension pot will be taxed at 55% when…
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Father died, pension paid to children..
Hi, hoping someone can enlighten me as I'm getting varying advice. My father died in January unfortunately, intestate and in debt. He was divorced so no widow, and myself and my brother are his next of kin. We are administering his estate and have applied for a grant of letter of administration. No assets other than a car.…
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Gender rule
According to the Daily Mail men will be required to pay between 5% and 10% extra for their annuities owing to the European Court ruling. The Daily Mail suggests that 5% is realistic. This means that men have to subsidise women who are not their wives, i.e. 5% of your working life has gone to fund women. If your man pension…
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SIPP with cash incentive promise - advice please.
Hi there, I have just found I have a pension with Windsor Life which I took out in the 80's and it has £23,000 odd in it which was a nice surprise. I also have one with the Prudential which was transferred from my old Balfour Beatty pension early last year as I no longer work for them and that has £7,000 odd in it.…
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Pension for self-employed, or into an Isa?
Hiya, I am a Self-Employed Childminder wondering where to put money each month which is intended for a Pension. At the moment I have only been putting away money for a few months and have about £400 to put in, and then monthly £60 until I go back to work as I am currently on maternity leave. This £60 a month is a priority…
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Eligible for a refund?
Hi, I was paying into a private, final salary pension for ten months, Am I eligible for a refund of contributions as my pension value is 400 per year and a refund will be more useful to me now.
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why top up NI contributions if a flat rate pension is being introduced?
I understand it may be beneficial for some to pay missing NI years to top up the state pension. However, what happens if this flat rate pension is instigated. Wouldn't this make the NI contributions irrelevent, and any payment wasted?Treasury to sign off £140 state pension Daily Mail 3 March 2011 Ministers are on the brink…
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"Sweetener" for Deferring "Frozen" Final Salary Scheme
Hi, Tried to post there and lost it, so sorry if this comes up twice. I'm in a final scheme at work, but unfortunately it was "frozen" two years ago, so I'm still accruing 1/55th per year, but the salary it's based on is diminishing with inflation over time (I've got about 25 years till retirement). Plus, they're now…
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womens pensions and Lloyds Bank
:)My first job was with Lloyds bank when I first left school from 1977-1981. In those days women weren't paid towards their pensions and likewise we did not put a contribution in either. I am now querying whether this was right as I understand that the Equal Pay Act came in before that. Advice please as currently only have…
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Standard Life FSAVCs Plan
Just received my annual statement. I've been paying the same amount monthly for 18 years, with 2 years to go. My taxable pension when I retire ( what I might get) per annum, is slightly more than I pay in now. In other words I'll need to live to at least 86 before I start to gain. I would have been better off saving it…
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Pearl Assurance - Pension mis selling "guarantee"
My husband died suddenly as a result of a road traffic incident in October 2009. It has taken me until now (that is another story!) to get to the point where I am attempting to make a claim against two Pearl Personal Pension policies that my late husband was sold in the late 1980's. The policies were reviewed as part of…
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Civil service penions - adding together
Hi there I wonder if anyone can help me, I've just taken voluntary redundancy from the civil service.I'm 47 and I have a previous period of service from them and they want to know if they should add the periods together. I'm a bit confused because the first pension is 2K/yr and the second is 10K/yr but if they add them its…
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Transferring occupational pension to Civil Service pension scheme
I want to transfer 2 previous occupational pensions to the civil service pension scheme. The civil service has wrote to my 2 occupational providers but they have refused so sign the equalisation of benefits form or provide their own suitably worded document and just basically not responded. So, where does this leave me and…
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Correct advice from an IFA?
I hope this not yet another re-post! I have a private pension with Scottish Widows to the value of £41,000. I am 58 years old and want to take 25% as a cash sum. I have frozen the pension and do not pay into it anymore. I am quite happy to leave the balance with Scottish Widows, but my IFA wants me to move to another…
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Advice for boosting pension needed
Hello, I would appreciate any advice you can give me to help with boosting my Mum's state pension. She will be 65 later this year and has just retired from nursing. She has worked since leaving school but took a break to raise a family. At the moment she has 19 qualifying years from work contributions and 1 year Home…
