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Trivial Pension Question
My husband being 61 has taken his stakeholder pension with a triviality payment. The letter he received with the cheque said that any other pensions that make up his trivial fund must be taken as a pension within 12 months of his first trivial payment. We have just realised that he has another private pension with a value…
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Lump Sum conversion calculations
Hi I am in the Local Govt Pension Scheme and have just taken flexible retirement. My benefits notification letter came today and I can't work out their calculations and would appreciate any help. My standard benefits ( No conversion) are Pension £13685 Lump Sum £35411 The letter goes on to state that I can convert sum of…
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state pension in sept,when do I get claimants package?
Hi Im due to get my State Pension on 6th September and I have read that I would get a claim pack in May or June this year, I know I may be being a bit impatient but I havent received anything yet. It is 1st July tomorrow! Has anyone else received thiers? Do I have to make a claim or is it automatic? thanks for any info…
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Old HSBC Life Personal Pension Plan - Advice please
Hi folks, Hopefully you can help. Way back in 03/04 (I think) I started paying into a pension plan with my then employer. I now have a Pension with L&G and would like the best advice on how to transfer the HSBC fund to the L&G, if possible. I understand that once paid into, I can't cancel the policy and get the money back…
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Teachers Pension opt in pre 2007
Can anyone clarify the rules re. opting into TPS pre 2007? I am employed very part-time (2 hours a week) in an independent school, and have only very recently got them to start paying into my TPS. When I started employment in 2005 they originally said that my higher rate of pay compensated for no benefits such as pension,…
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Thank you.
I just wanted to say thank you to dunstoh and a few others about some suggestions and advice a few weeks ago about pensions. It has really opened my eyes to the big picture about investing over a long time and early in order to get closer to my goals in retirement.
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Mandatory Pensions? Help!
Hello, I was wondering if anyone know if paying into a pension will become mandatory over the next few years? Ive heard this will be the case, but I am on a low income and simply wont be able to afford to pay into one mandatory. I would welcome any response. Thanks Andrea
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Can someone help my farther in law
My Farther in law has and small company and pays him self a small wage and take a bouns depening on work. What would be the most cost efective way for him to save for a pension, at this time he has next to nothing saved in pensions and only has 15 years to build something reasonable.
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Legal & General
I have a small personal Pension with L&G that I have long since, stopped paying into because it would never reach the target I was originally promised. I have just received notice from L&G that they are going to remove the 'Stakeholders charge cap' next year. This would mean that the admin charges over the next 15 years…
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Fixed Term Annuities
Considering the main disadvantage of Whole life Annuities: that when you (+spouse) die, so does the Annuity.... Fixed Term Annuities seem a better deal with pension payments and final value known at the outset. Does anyone have experience of FIXED TERM ANNUITIES please? Any example figures?
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Teachers Pension - Early Retirement
Hi, I'm 28 and currently paying into the Teachers Pension Scheme ( which I joined in 2005) From what I can fathom with the proposed changes I will be working till 68 until I can draw my pension. My plan in an ideal world would bs to retire at 55 - Is this possible? How could I do it? Does anyone have any good advice to…
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Low Cost Pension
Evening, As the pension scheme into which my new employer is paying money is a stakeholder pension with relatively high annual charges I have decided to set up a separate scheme for my own contributions. I would not transfer a lump sum into this scheme but would aim for monthly contributions before tax relief of at least…
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Long Term Care Double Cover Option
I've got pension pot of £32k left over from a previous employer whom I left over 5years ago. It is a fairly standard DC stakeholder pension with Prudential. I was looking to transfer this pension into a private one where i can diversify the investments and more actively manage it. Pru pension doesn't have any special…
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Pension and Incapacity Benefit
Hi all, I am hoping anyone has any advice or knowledge on the above subject. To cut a long story short my Mother has started to receive her government pension recently. She also had a pension from work (she only worked about 10 hours a week) and was told she would get a weekly pension and a lump sum. Now she has been told…
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What happens to my DC pension funds if I die before purchasing an annuity
I am in my 30s, have wife plus dependents and currently have adequate life insurance provisions provided by employment and own policy. I have a medical condition which would provide me with an impaired life annuity when/if I come to purchase one. What happens to my DC funds should I expire before reaching retirement age…
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Is it possible to get a free Financial Advisor referral?
I’ve decided I want to change to a new pension provider and I’m absolutely definite about what I’m doing, so I have no need/use of advice as such, but because my old pension was a final salary scheme the new pension provider require me to come through a referral from a financial advisor. Is it possible to get a referral…
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help re RNPFN policy
I have 2 RNPFN policies. I pay in nearly £40 per month. I have been paying since roughly 1995. The most recent statement says the value of my pension fund is £7,463.12. It says this is the transfer value also. The estimated pension (due in 15 years) is £613.00 per year. Is it worth paying into this Liberty Pension ADDplan?…
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Pension Enquiry
My husband will retiring shortly and will be getting a lump sum as he is on a Final Salary Pension what does anyone suggest to where it will be best to invest the lump sum Thank you
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No complaint
http://www.moneymarketing.co.uk/pensions/npi-blunder-doubled-12000-pension-projections/1033245.article "One customer’s guaranteed yearly pension was stated as £7,500 when the value was £3,700 and the annual bonus figure as £7,800 instead of £4,100. NPI attributed the errors to a new computer system and said it received no…
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TPS vs LGPS and AVC vs Stakeholder
Can someone advise me, as I don't fit into the 'normal' employment groups! Bear with me as I am quite new to all this pension stuff and I have 3 main questions! I'm 28 years old am employed with 2 jobs for just under 50% of my salary, then rest I am self-employed. I have been contributing to the TPS with both jobs, and now…
