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buying commercial property with a SIPP
My son graduates soon as a dentist and may decide to set up his own dental practice in a few years time. I may wish to help him financially with this venture should he decide to do so. I am retired with a good index linked occupational pension and have other cash savings. I also have a SIPP pension (funded entirely through…
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Redress Payment added to a GMP Sect 32
I will be 65 in May and a Sect 32 pension with NPI (Pension Transfer Plan) will mature then. It started in 1992 and has a GMP element of £510 pa increasing at 3% after starting and a revaluation rate of 7.5%. Also spouse pension of 50% of mine. I ended contracted out employment in June 92. The last statement shows total…
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Terminally ill - pension as lump sum?
Hi, I'm 35 and have stage 4 cancer, so I am supposedly terminally ill (though I fully intend to beat the odds). Prior to having to stop work through ill-health, I worked as a software engineer/business analyst for 13 years after graduating and I was paying into my company's pension scheme all that time. I've heard that I…
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Stakeholder v SIPP
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Cavendish Online
Hello All, Im keen to start a pension and think Cavendish online may be the way to do it; but I need some advice Im 28, earn approx £27K p/a and do not currently pay into a pension; From appearances it would seem as though Cavendish would help me make up some lost ground? I can afford to pay £80 - £120 a month into my…
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Pension lock in calculator?
Does anyione know of a tax calculator for pension investment money purchase that shows what the net amount that actually gets tied up investment will be eg I am higher rate tax payer I would like to drop 20000 into my pension, so that becomes 28000. iIn 5 years I want to take out the maximum tax free cash percentage from…
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My first proper pension..
I say my first as I've had various one's for a year or so at places I've worked. I have the documents filed away somewhere. Just opened a pension today with Hargreaves & Lansdown, only £40 a month to start with as I'm a relatively poor student at uni right now, but I'm 27yrs old and would like to make a start. :o What…
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Early retirement at age 56 state pension advice
I took early retirement from The Post Office 14 March 2010, I was then aged 56 & 7 months. I am receiving my Post Office Pension and not working. I requested a State Pension statement, which I have recieved and which states the following: For full basic pension I need 30 qualifying years. I have 40 qualifying years. Up to…
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Moving a Police Pension
I was a serving Police officer for 10 years and am on the old Police pension scheme. (Joined 2000,left 2011) I want to know how I can obtain a valuation on my pension contributions and then transfer my pension contributions to a new pension scheme. I know it should be a good amount and I don't want to lose it. Can anyone…
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No plans in place
Hello, I've been reading (probably too much) for the last few weeks all over these forums. So here go's - I'm not looking to be judged, just some advise as to my options - so comments on here seams a little harsh! I'm 39 this year and have 2 frozen Company pensions, I recall each worth a combined value of no more than…
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Best Way Forward into Drawdown With or Without an IFA
I wonder if anyone can advise. I've retired and am currently in receipt of an occupational pension. I also have a pension fund of £420k (probably £419k by now....) which is with Skandia. In 2011/12 I'd like to take the maximum £105k lump sum and enter into an income drawdown scheme with the balance of £315k. I'd like to…
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How do you choose your personal pension brand?
Hi all, just wondering what are the criteria do you use to choose the brand for your personal pension scheme? I do not know much about pension and I was thinking to set up one. There are many brands out there that offer personal pension schemes, not sure which one to choose. Thanks :)
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private pension??
I am 44 years old and have no private pension. I only work part time so am wandering if worth me starting a private pension now or not? Will it effect my state pension if I have a private one? Plucky6966
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Tax issue!
Hi wondering if anyone has advice? I worked part time for a doctor surgery last year, I was taxed whilst I was there, and paid about £230 in tax, I then moved to a full time job somewhere else, and was taxed as having a second job because I didnt have a P45, I asked the doctors for one and eventually they sent it through,…
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Section 32 with GMP and Redress
I will be 65 in May and a Sect 32 pension with NPI (Pension Transfer Plan) will mature then. It started in 1992 and has a GMP element of £510 pa increasing at 3% after starting and a revaluation rate of 7.5%. Also spouse pension of 50% of mine. I ended contracted out employment in June 92. The last statement shows total…
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31 Should I be thinking about my pension?
Am 31 and in full time employment the last 7 years, should be I be thinking about my pension? We have one at work (I have been working here 5 years now) where we pay nothing into but employers pay in 7-9%. should be I be thinking about my pension? My wife is working full time too but she is thinking of giving up work and…
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How much will my take home pay be if I contribute to my pension
I am considering starting to pay into my works pension. What I want to know is what my take home pay would be if I contribute. The rate of contribution is 5.5%. I have searched google but couldn't find anything to help me. Any advice would be greatfully received!
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Pension status
Although I am married I have been advised that I can claim my state pension as a single person and thereby claim approx another £30, is this correct?
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Pension status
]Although I am married I have been advised that I can claim my state pension as a single person and thereby claim approx another £30, is this correct?
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Paid-up FSAVC and about to reach 65. What do I do?
I have a paid-up FSAVC with Scottish Widows of c. £14000. They have just written to me to tell me that they will be sending further details before I reach 65 in June. I know I can take 25% as cash but what's the best way of investing the rest? I know I can use a different provider if I wish. Should I take out an annuity…
