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NI and pensions
You don't make any NI contributions from a pension, but you may be liable for tax. Now Osbourne may announce that tax and NI contributions are to be combined to make things simpler, so how may he then take into account my first statement? Looks like it may end up being just as complicated! fj
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Personal Pension with Zurich advice needed
I have held a personal pension with Zurich (used to be eagle star) since 1992, at that time i started contributing £65.00 a month towards my fund index linked to current date makes my current contribution each month £83.00.. I recieved my annual statement yesterday morning in the post and did some rough calculations i…
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Pension Help
I am 25 and I don't currently have a Pension, which I know is very stupid. I have been investing in ISA'S. I have 3 ISA's (2 normal making quite a low rate now and 1 in stocks and shares; which is basically all profit cos I took half my money out about a year ago which in hindsight I shouldn't have done). Anyway I am…
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help - NHS pension
Dealing with it is doing my head in a big time Trying to get info and make an informed choice proved to be impossible as I been bounced back and force between PCT and 2 other offices I would be happy to pay for a qualified advise , just does look like no FAs deal with NHS
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Final Salary Pension Query
i left the nhs 10 years ago on a salary of around £23,000 (but was part time) ive heard that final salary pensions are to be withdrawn - does this mean i should take my nhs pension now (im 53 this year) or should i wait and see what happens i now work part time in a school and run a small consultancy and have a private…
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Moving to USA
Hi Im moving to the USA soon and would like some advice. I am 42. I have always been self employed and have 24 years of Class 2 contributions, would it be a good idea to keep funding my state pension until I have the required 30 years for full pension. I guess it would be. Also I have a small private pension with Windsor…
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pension help, have I left it too late?
I know very little about pensions and it’s only very recently that I have been in a position to start to think/plan for my retirement. I am 51 and would like to retire at 60. My plan is before I am 66 I would like to travel a little. I'm currently a member of the 1995 NHS scheme and I have recently had a pension forecast…
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SERPS & Pension advise
Hi, I looking for advise, When I was 18 in about 1979 I took out a pension with I think 'Prudentual' which I paid for a few of years until I got married bought a house & had children. Money was short so I stopped paying the pension, A few years latter in the early 1990's I was advised by a 'Refuge' adviser to take out a…
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how can i get my lump sum and transfer the rest
hi, i am new to this so please bare with me. i have a differred pension which has transfer value of 97k,this was from a final salery scheme from when i worked in the print.i can take this pension from 50(i am now 51) and a lump sum or so i thought.when i applied for my lump sum i was informed i could not take it as i had…
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Is this an Worthwhile Pension Option
I am 58 years old and still have a final salary pension . My current statement shows that I can take a lump sum now of £ 110,000 and still receive an annual pension of £ 16,000 although with the enhanced lump some only 50% of this amount would be indexed linked. .I am at present intending to continue with my employment…
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Income tax and NI to be merged?
This is a scary report. http://www.independent.co.uk/money/tax/osbornes-secret-plan-to-raise-tax-ndash-and-scrap-national-insurance-2244091.html If not watched closely it could spell more problems for pensioners, early retired by choice and those retired early on medical grounds.
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pensions
hello, i have recently been advised to switch to a sipp and harlequin properties are the investment recommended. does anyone have any experiences to share.
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tax implications
i am taking my private pension from the 1st of june - i am currently working full time but not much over minimum wage pension will be about £8000 pa - what are the tax implications for my working income will i need to reduce my hours
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Can you gift your pension?
Is it possible to have your state pension gifted to a non earning spouse if added to your works pension it suddenly makes you a higher rate taxpayer , or is that considered tax evasion?
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Royal Navy Pensions
Can anyone help clarify something for me. Hubby served 17 years in RN. Was awarded pension on leaving and commuted part of it. At that time we are sure we were told that no increases would be paid until age 55 when any increases accrued would be paid in a lump sum at age 55 when the pension would go up to the amount at…
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Is it possible to challenge pension offer for Ill health retirement?
Hi, I am 48 and have just been approved by the board of trustees for my pension for ill health retirement as I have Parkinson's. It is a final salary pension scheme but I had left the company so am a deferred member. The board then passed it to the scheme administrators to calculate the amount offered. I was told that this…
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Pension, lump sum or bigger pension
Hi I'm 57, taking VR but not sure what to take with company pension, ie pension or lump sum & reduced pension. Pension £17,978 Lump sum £87,142 with reduced pension £13,071 What looks like the best deal and how do you calculate it? Cheers.
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Lost my job at almost 60, what can I do with old company pension to help with debts
Lost my job and not hopeful of getting another given circumstances of being almost 60 and being 'summarily dismissed'. I have a very small inactive old company pension, only worth circa £24000. Big problem initially is need to clear credit card debts of £5000, especially as one of the debts is with my own bank - as soon as…
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Pension query
Hi About 7 years ago I commenced a new job and subsequently joined the company pension (Stakeholder) with L&G. However the job did not work out and I had left within the year - I therefore had only made about 7 months of contributions to this fund. Obviously I've been receiving update statements since and it seems silly to…
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Seaman's Pensions part II
Back in January I sought some information about UK tax regs regarding a US$ “lump Sum”. The fine wise words from this site assisted no-end. Today I have another issue and probable not such a bad dilemma to have. I have an occupational pension (merchant navy officer pension fund) due end this year, 61st birthday. I…
