-
Dog of an old pension - shoot it or let it lie?
Back in the very early 80s, I started a "Hill Samuel Life Personal Pension" and lobbed a couple of hundred quid a month into it for a couple of years. I made it paid up in August 1993 due to job changes and I have a statement here from August 1994 that shows - Managed Units A, 302.825 @ 358.50 = £1085.63 Managed Units B,…
-
is it better to put off buying an annuity until interest rates rise?
My husband will 65 and retires in a few months. He has had some serious health problems but we hope they are sorted following major operation. He may wish to work part-time following retirement date if he can find something suitable. Would it be wise to put off buying an annuity if we can manage on my salary for a while as…
-
Protected Property Trust
A member of my family has recently applied for a protected property trust after receiving a cold call and subsequent visit (by appointment) from Express Law. I would be very grateful for opinions or advice from anyone who has used the company or has had experience with protected property trusts as this is something I…
-
Annuity or protected retirement plan?
Help please, my husband is 63 I am 58 we have a pension pot of £90 thousand, we can take 25% now and either:- take £380 a month for husbands life and 50% for me after (guarenteed for 10years) or take £400 a month until husbands 75 then still have a pension pot of £47 thousand to buy another pension product this is a NEW…
-
R.P.I. to C.P.I. am I right in thinking....
that even as an existing pensioner (not too financially savvy I may add) my company has decided to go the C.P.I. route, I will innevitably suffer as even existing pensioners like me will now have the "new" rate applied....I honestly thought that being in receipt of my pension already my rights/terms were somehow protected…
-
Sipp low risk investments help
I did put this message in a Sticky on Hargreaves Lansdown but having read many more items on Sipps, I think it was in the wrong place, so am repeating my question as a new Thread. Hope that's OK. Having transferred several pension funds into a Sipp in 1999 the present value is over £250k, but £30k lower than transfer value…
-
Clarification of 'Trivial Pension' rules
I am aware that under certain circumstances the HMRC allow a pension fund to be 'cashed' in it's entirety if it is small enough to be regarded as 'trivial.. But I am not clear on the full details of the rules. As I understand it, as long as the 'total available fund' is less than £18,000, then the whole fund can be taken…
-
The 'new' NHS pension?
Hello. Does anyone know and understand the 'new' NHS pension? As I understand it, I will receive 1/60th of my total earnings but is this linked with inflation? As obviously £1 today will be worth a lot less in 45 years time (or 43 when I reach the 'service limit'). If it is linked with inflation it seems far too generous?…
-
'Lost' Civil Service pension
Hi. I'm an ex-Civil Servant trying to locate my PCPS pension. I joined the Civil Service in Feb 1980, working at DVLA. After about 2 years I moved from there (on promotion) to the Home Office Prison Dept. And I moved from there (again on promotion) to ONS (which was then known as BSO and was part of DTI. Subsequently BSO…
-
Pensions - stick or twist?
Hi, Just wondering if anyone could give their opinion on what I should do pension wise. Here are my circumstances: Age 40 this year, self employed, higher rate taxpayer (by about £8k per year on average); stakeholder pension with Standard Life worth about £28k at the mo - started paying £200/month gross but for last 2…
-
Old lapsed pensions
I should have done this years ago, but like a lot of things, I was lazy about it and kept letting it go. I have 2 pension pots from previous jobs, nothing huge, a few grand between them. I haven't paid into them in years, as I left those jobs long ago. I still get an annual statement (sent to my dad's address, one thing I…
-
Investing Pensions into Property
Hi I have a few different pensions. I have 2 private stakeholder plans and 1 which is a company pension which is partly based on final salary and partly based on the performance of the investment (defined contributions / defined benefit MAY be the terms ?) At the moment, I have a business for which there is a large…
-
Inherited Pension?....
Had a letter from a company called Pheonix saying they were sorry to hear of my fathers death and to contact them with details of his probate certificate etc so they could deal with his pension. After calling them I learnt that he had taken out a pension in 1978, and I can only presume that as he has not claimed it, that's…
-
private/employer pension
Hi wonder if anyone can help me ... this may be a silly q but i thought i would ask anyway i currently have two private pensions one that i pay £64 into every month ( i think it is a stake holder ) and one that i pay £136 into every month ... my company do offer a pension but they dont pay anything into it currently (…
-
Cavendish and Personal Pension (one-off lump sum)
I'm looking into putting around 10,000£ into a pension fund, as a lump sum. I was considering a personal pension opened through Cavendish Online as they rebated some of the commission, but I sense some comments in this forum suggesting there may be better alternatives. Can people chip in or tell me if I'm going in a wrong…
-
Questions about the upcoming forced working pension
Im mid 30's The company i work for dont offer a pension, i believe in a few years time they will be forced to open and contribute to one for an employee who doesn't have a pension. i currently dont contribute to a pension (currently i've been stashing all my money in ISA's as im scared about losing it if the pension scheme…
-
Winding-up of money purchase pension scheme
Hi everyone. I was wondering if anyone could help. I've just recently received a letter from a previous employer statying that the pension scheme is to be wound-up. There are 3 options forme to consider as follows: 1)Individual policy wuth Legal and General 2) Transfer to another pension arrangement 3) Cash lump sum (which…
-
Royal mail pension
Hi, I took my pension from Royal mail in January 2009 after being told that once you reach 50 you can get your pension from Royal mail.No problem there, they paid out a lump sum and a monthly pension. I have just received a letter from Royal mail pension plan informing me that the lump sum I received is "subject to HMRC…
-
over 65's tax allowances
Did the Chancellor make any reference as to whether the age allowance this year at £9940 will be incresaed in 2012/13?
-
£140 & pension age
So they are going to change to a flat rate pension of £140 some time in the future because atm people can't work out what they're going to get in retirement. BUT at the same time they are going to link the retirement age to life expectancy. So now people will know what they are going to get in retirement (£140), but won't…
