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SERPS opt back in ?
Sorry for yet another SERPS related question. After reading through the information and responses on here regarding SERPS, I have decided to opt back in, 26 years after opting out. The SERPS opt out scheme was and still is with Scottish Widows. I contacted the NI helpline yesterday and they suggested I could opt back in…
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National Insurance Credits?
Hi I'm a 22 year old mother of two and I'm currently unemployed(hubby works) but I am looking for part time work. My eldest is five, my youngest is 16 months. I've been unemployeed since October last year and that job was just for 4 months. I've had two other jobs which only lasted a couple of weeks each and I wasn't…
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Winding-up Lump Sum
Hello, After some friendly thoughts on my pension.....I am pretty clueless when it comes to pensions.... My ex-company scheme is winding up and I've been offered a lump sum (estimated at £13,000 before tax - likely to be 40%), although I know this final amount could change.... I am 31 and currently pay well into my pension…
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Final Salary Scheme Closing
The company that I work for is currently going through a process of consultation on the closure of its Final Salary Scheme. The Scheme was closed to new members some 5 years ago. The Scheme has around 200 currently active members. The company offers a Stakeholder pension scheme where it matches up to 6% contributions made…
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I received someone elses pension post!
Hiya, I was appalled to have received a letter today informing me of new laws to the pensions with regards to when I can start claiming a pension, according to my dob. (I'm not near pension age!). I thought the brown letter was from the CSA. The address is correct, but the name and dob is someone else's. I opened it (as i…
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Anyone borrowed money to purchase commercial property in a SIPP ?
I know you can borrow 50% of the pension fund value but does that mean a maximum of a 50% mortgage or could you leave some of the fund in shares but count it towards the 50% ? i.e. 50k cash, 150k shares, borrow 100k on a 120k property - is that ok ? or do you have to put up 50% of the commercial property value ?
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Release money from a pension (Police Staff)
I hope someone can help me! I want to release money from my police staff pension so that I can clear some debts and furnish my house. Is there anyway of doing this? Im 29 and have been paying into my Police staff pension for 5 years. I think its a local government pension? I just wondered if anybody knew of how i could or…
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£900,000
I am hoping to reach £900,000 in my sipp by the time I am 55 and am hopefully on target to retire then...I am looking for an income of circa £50,000 a year after tax is this acheivable through income drawdown on these figures??
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Funding Pension from contractors ltd company - do I need an IFA?
I'm about to start my first contract, working through my own one man ltd company. I have an accountant but have been told I ought to speak to an IFA about tax planning. Initially I want to make sure I am funding my pension in the most efficient way whilst making sure that I am contributing as much now as I did previously…
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Help test new pension calculator
Hi folks, We are looking for some help testing a new state pension calculator we are rolling out tomorrow morning. It aims to tell you how long you need to live to make your money back if you make top-up payments to boost you basic state pension. The link to it is here:…
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Can I take the non GMP element of my pension?
Hi all you helpful folks I have a deferred pension from a final salery pension which I was a member of between April 1975 and exit date April 1988. The scheme was contracted out in April 1978.The retirement age of that plan is 62 years , which I now am. The last time I asked for details about the pension was in May 2006…
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Salary Sacrifice and Student Loan Repayment Threshold
My company will introduce a salary sacrifice scheme soon. I have been deferring my student loan repayments sor over 10 years now - my salary always falls just under the threshold. This time I think I'm finally going to have a salary over the repayment threshold. If I opt into the salary sacrifice scheme then this would…
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Unisex annuities and GAD rates for income drawdown
http://www.moneysavingexpert.com/news/insurance/2011/03/judges-ban-gender-discrimination-in-insurance-pricing "European judges have ruled it is illegal for insurers to offer different prices to men and women. The change will come into full force in December 2012, in a decision that has been branded "ludicrous". Will this…
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Parents moving in - legal issues?
We're thinking of building an extension on our house, that my husbands parents will move into. They will sell their house (downsizing), and pay for half the extention (paying for the rooms they will use). Should they add their names to our title deeds? What happens if my husband and I get divorced (not that I'm planning on…
