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Pension Advice for a complete beginner!
Hi anyone who may read this I am looking for some advice about pensions. I've read through the bits on here but shamefully I cannot make sense of it! My father is turning 60 this year & it worries me that he does not have a pension/retirement plan apart from the government one. I want to make sure that when he does retire…
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pension newbies
Hi, we are a couple aged 30 we would like to get a pension each not a joint pension we would like to start paying into a pension we both currently have ISA's we have a host of questions we hoped you guys could help with as we do not know anything about pensions: - whats the best pension? is there a best type? - what shall…
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£30,000 redundancy-which pot??
Hi, I have just received £30K tax free as part of a redundancy package.I invest my maximum each year in ISA's(cash & S/S)and am looking to invest the £30K towards my pension(I am 52)either in one lump sum or split.I want low risk so appreciate the return will be diminished. I have a total of £35,000 in various ISA's & GSK…
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Statement of benefits query
I am being made redundant in june aged 55,i have a final salary pension.i have been in the pension fund for 22 years,and transferred my previous pension into my current one,on my statement of benefits it says i was awarded 3 years 6 months transfer credit,do i get 25.5 years pension
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Annuities: Is this Normal?
I have just received an enhanced annuity quotation from Just Retirement Ltd. As expected, I had to provide a completed set of medical conditions forms, and agree to them contacting my doctors. The quote however contains the disclaimer :- "The annuity contains an enhancement based on the lifestyle and medical conditions…
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Tax due in year 08/09 on deferred pension to 09/10
Hi all hope you are all well. My Mother received a letter from HMRC saying she owes them £620 tax. My Mother was able to receive her pension in fiscal year 08/09 but deferred it for a year until 09/10. From the information sent by HMRC they say she was receiving the pension in 08/09 as well as final salary and private…
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Help with pension options and terminally ill parent
Hi all, I was wondering if anyone could help with a question relating to my mother in laws terminal illness diagnosis and her pension. Unfortunately after battling breast cancer for the last 3 years my mil was told last month there is nothing more the doctors can offer and that she doesn't have long left to live. She has…
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Aviva vs standard life
Hi, Bit of an open question. I've just been told my employer will only make future contribuitions into a standard life pension scheme. Currently they pay into my aviva pension. Questions: Should I resist this change? And Does anyone have and views about standard life, their performance Charges, service in comparison to…
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voluntary class 3 nat insurance contributions
I have the opportunity to purchase two years of nat ins at £626.60 per year, (making my total upto 28 years) I am sixty and get my pension in November this year the form states that the price is altered every April has any one got a crystal ball!! to say whether it will go up or down
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27 year old fiance with no pension - what should she do
She works for a company with no pension scheme so I'm thinking she should start a private one and then when she does finally start to work somewhere with a company pension scheme she can then stop paying into the private one and just let it sit there until she retires. Can anyone recommend what provider she should be…
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Early Retirement Tax Hike?
This was posted on the savings board but it looks like the main potential losers could be early retirees. http://www.independent.co.uk/money/tax/osbornes-secret-plan-to-raise-tax-ndash-and-scrap-national-insurance-2244091.html
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Max PCLS from multiple pensions
I understand the max PCLS is 25%. I have a FS pension + AVC in same plan and am being allowed to take all the AVC as part of the PCLS and thus keep the max annual pension without having to worry about how to invest the AVC proceeds. I also have a deferred LGPS (with Automatic LS) and another Money Purchase scheme with L&G.…
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Self Invested Pension
Hello everyone. I would like to request some help please. Obvious from the title thread it is about pension. Simple question, I want to start and would like to know some good ways of self invested pension or any other pension schemes. Researching from this site I have found out, it is better than a company pension (which I…
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Ill Health Retirement - Cancer -
I was Ill health retired a few years ago, due to having Cancer. Thankfully, I'm still here to tell the tale, but wondered if anyone knew how long you get "Ill Health Retirement" pension for??? Is it indefinate? Am I "allowed" to get a job elsewhere if I feel well enough and if so, should I tell the company that pay my…
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NHS Additional Pension or H&L SIPP?
I'm currently a member of the 1995 NHS scheme and looking to increase my pension further. The choice is to buy either NHS AP before 31 March 2011 (pre-payment increases in line with the RPI and in-payment increases in line with CPI) or to invest in H&L SIPP. NHS AP calculator:…
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TSB / Axa / Aviva - My brain hurts!
I'm 39 and took out a TSB pension when I was 19! 12 years ago I joined a scheme through my employer AXA SunLife. I transferred the TSB one (19k i think) into it a few years later to keep things simple. I was contracted out but six years ago based on advice I reversed this descision. Currently I am self employed and pay a…
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Bigger pension or bigger lump sum
I am about to retire on a small NHS pension but am unsure which option to chose. 1. Pension of £8144 and lump sum of £25229 2. Pension of £6587 and lump sum of £43915 I also have another small private pension of either: 1. £766 per year 2. £568 per year plus lump sum of £4440 I will receive the state pension in 4 years and…
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Annuity take the plunge - or not ?
As a newbie - Apologies if this has been discussed before but would really value the views of forumites as follows. I heard Martin's views (Gabby Logan show) on the likely impact of the EU decision to equalise male/female values for annuities i.e. it would mean less for us blokes. Now we know it's two years away it does…
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Eternal Vigilance
http://www.moneymarketing.co.uk/adviser-news/ifa-and-james-hay-in-dispute-over-pension-error/1027829.article "James Hay is embroiled in a dispute with IFA firm Bryden Johnson after calculation errors meant the provider overstated a client’s pension by £100,000. Bryden Johnson has accused James Hay of “failing to maintain…
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additional pension on top of final salary pension
I am in the fortunate position of being a member of a final salary pension provided by my employer. I have spare cash which I would like to save for my retirement, but im unsure if I would be better off saving in a s&s isa or opening a pension. I plan to save approx £100 p/m for the next 30yrs. I am a basic rate tax payer.…
