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Any chance of early retirement
Hi all my partner is currently 39 and I am 36. We have been fortunate enough to be able to pay off our mortgage due to an inheritance. We are currently able to save approx £800 per month between us. Ive no idea if i am living in cloud cuckoo land but we would love to aim to retire early (although i realise this is still…
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Starting pension for first time - SIPP or Stakeholder?
Hi folks, I'm looking at starting a pension for the first time (I'm 26), but have been building up a cash/share ISA pot for a little while. I'm going to just sneak over into higher rate tax this year and have worked out that if I were to transfer £2000 of my income this year into a pension then I'd save around £600 in tax.…
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What will my wife get on my death
Hopefully I will be around for a while, but I like to plan ahead where possible and am curious to know what my wife will get from my State pension when I die. On top of my basic State Pension of £102.15 per week, I also get each week, Pre 1997 additional State pension of £91.06, Post 97 additional State Pension of £19.45,…
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Pensions
Hello, I'm looking for advice on behalf of my mother. Nine years ago my father passed away and there where no details in his very limited paperwork in regards pensions etc. In his lifetime he worked for some very prestigeous companies and I am certain he would have had a pension with some of them. I started to try and find…
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Do we have to let pensions co know about dependants?
Hi there - we have just had a baby and wondered if we needed to let our pension companies know about a new dependant? Many thanks.
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Lgps ?
I have previously paid into our LGPS with a different authority, I have changed authority and looked at transfering my pension across. I know nothing of pensions and today have received a letter about transfer of accured benefits do I transfer or not need advice my pay is higher in this authority than my previous one. Does…
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20 years of final salary scheme pension - should I take it at 50
Folks, Does anybody out there have ways to calculate if it is better to take a pension earlier in life say 50 for longer or leave it in until I'm 60-65? At the moment I'm no even sure which questions to ask. I have 20 years with BT's final salary scheme when it was still 40ths on offer instead of 60ths if that makes sense…
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Boosting pension
Dear all, A lady retired in 2009 and was in receipt of DLA. She only has parental responsibility protection and only worked part time for a few years, not sure of the NI status.She is not getting any pension. Can she somehow boost her pension under the rules and whether or not it will be worthwhile? Her husband retires…
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cashing in pension
i am 56 and i have a pension pot of £68,000 which i dont contribute to any more as now i work part time and become a carer to my wife and we can manage on what we get every week,my ifa has asked why dont i cash my pension in for a annuity which would give us a lump sum and a pension of £2,870 per year which would help as a…
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Lost Pension what to do?
Hi this is my first post here so I hope its in the right place! I worked for a company for about 15 years leaving in 1983. I kept all my pension Paperwork and as I am now 62 I started looking into what I would receive, only to find out that my old company no longer existed. I tried the government pension finding service…
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Abbey Life Private Pension Few Queries
Hi,. my dad is 65 in May and has a small private pension with Abbey life, he has to make a decision with regards as to what to do and we have a few general queries which may help him to make a decision once we establish the facts, am just seeking opinions rather than requesting specific info prior to seeing an IFA His…
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Pension advice
Hi all, 6 months ago I quit my job in London and moved to the Philippines to seek a quieter and simpler life. Prior to that I had been contributing to my company's pension scheme at the highest rate possible (4% iirc) for the past 3 years. My question is what on earth can I do with that small pot of money? Where is it? Can…
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Pension advice
Hi all, 6 months ago I quit my job in London and moved to the Philippines to seek a quieter and simpler life. Prior to that I had been contributing to my company's pension scheme at the highest rate possible (4% iirc) for the past 3 years. My question is what on earth can I do with that small pot of money? Where is it? Can…
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Pension headache
Hi any help on this one would be good... My dad sadly passed away at the beginning of this month at the age of 63. He had made all of his national insurance contributions. He and my mum had remarried last December for a 2nd time; they had been living together for about 4 years after an 8 year break up. My mum is 69 and…
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Moving Abroad and Pensions
Hi Everyone I some basic questions about Pensions Schemes. I have a Personal Pension scheme. I don't contribute on a regular basis into the scheme (as my earnings can be quite lumpy) however, for this tax year I was fortunate enough to earn a fair amount of income (and I am being taxed at the top bracket). Hypothetically,…
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Correct pension for UK national living overseas and married to non UK national
An old acquaintance of mine has just turned 65 and has raised a few pension questions. He moved overseas, to Thailand around 7 years ago. He married his wife around 3 years ago. He is retired and has a company pension. He has full NI contributions. She is a Thai national and has never made any NI contributions. She is…
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Pension credits - backdating
As I've recently been helping my parents sort out an inheritance, I've obviously done lots of googling and, as they both receive a state pension, it strikes me that they may have missed out on some pension credits. Now, up until the last week their savings would have totalled approx 10k and they are 65 and 63 respectively.…
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Guaranteed Annuity Rate or better growth?
I'm approaching 60. I have a personal pension pot with SLoFC worth currently c£80k invested in UK equities. It has a progressive guaranteed annuity rate of 9% at if bought at age 65 rising to 12.715% if bought at aged 75. If it were to be transferred out it would lose the GAR. Under SLoFC management its performance has…
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Dividend payments
Are a companies dividend payment paid in pension funds as with ordinary shares? If yes, how are they paid into the fund as i have no knowledge of any payments apart from fund unit price value.
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Stakeholder pension with Cavandish Online or Direct with Aviva?
Hi I'm 30 and wanting to start a Stakeholder pension, at first only paying £50 a month. Would it be best to take it out with Aviva direct or though Cavandish Online? Any help will be much appreciated.
