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Random Question about Council Pensions and Singles/Couples
Somebody I know is single and has a local council pension - and they had some paperwork, which brought us to question something. Can anybody explain why/say we've got it right: A single person goes to work every day for 45 years for the Council. They retire and get a pension. A married person goes to work every day for 45…
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NHS pensions - new and old arrangements
With regard to NHS pensions : when they bring in the new arrangements in which people will have to work until 66 – will this mean the whole pension? Or does it mean that the pension someone has contributed to up until that point will still be paid under the old rules and that the new rules will only apply to the pension…
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juicee
both husband and i opted out of serps years ago and i had a company pension scheme and he took out a personal pension scheme, what happens to the contributions we made previous to then, are they just waiting for us to retire?
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sipps pension for commercial property
we have a meeting on Monday with IFA to discuss the possibility of buying our commercial property which is presently rented. He has suggested doing this through a pension. Does he mean through a sipps and do we use the sipps we already have for deposit then take out mortgage for remainder or will this involve a cash…
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Army Pension
My father left the army some 15 years ago. I'm not certain if it wasn't voluntary or on medical grounds. When he left he got an intial payment of £43,000 and signed the other £20,000 to follow when he turned 55. He turned 55 back in May and heard nothing. He phoned recently to enquire about it and was told that no such…
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Take the money?
Hi all, new user. I'm approaching 50 and I am in the happy position of having a fat final salary pension from a blue chip employer that I can take 25% of and draw on, next year (February). I have a second pension fund which is doing very well (though small, but growing at 9% over the last six months with Skandia) and I am…
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Cashing in trivial pensions
I have a Sainsburys pension trivial cash in value £8696 and personal pension trivial cash value £10610. If these are over the trivial cash in threshold is there any way of reducing them or is their value likely to decrease or the threshold increase in the future
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Missold Pension?
Can anyone offer some advice please... In 1990 after 15 years service with a well known motor car manufacturer i took redundancy; at that time there were a number of companies that expressed an interest in the company pension that i had...it was in a final salary scheme. It was possible to freeze and leave my pension in…
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With Profit Endowment Policy
I would like to warn others against taking out a policy of this type. I have been paying monthly premiums since 1985. My policy is due to mature in 2013. What made this policy worthwhile is not the small sum assured but the revisionary bonuses built up over the years and the promised terminal bonus on maturity. This is now…
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Hargreaves Lansdown £500 charge for starting flexible drawdown
I see that Hargreaves Lansdown have a £500+VAT charge for starting flexible drawdown (H-L SIPP charges table). I don't remember there being a charge for starting drawdown - does anyone know if this is a new charge they've recently started making? And how does it compare with other SIPP providers? Apologies if this question…
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Pension fund size projection
Is there a calculator available to give a pension fund size projected over a period of time, with the ability to input annual growth and increasing annual contributions? A compound interest calculator does not fit the bill. The calculation I need is based on a £75,000 fund size, annual contributions of £16,500 (including…
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final salary pension contributions
can someone tell me why some public sector workers pay 11% and some 6% or lower in a final salary pension scheme what are the benefits in paying the higher figure...is it earlier retirement age? cheers
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I'm 25, OH is 32 <--- no pension and not sure where to start!
Hi I wondered if anyone could help. I know next to nothing about pensions, apart from the fact I dont have one. The companies my OH and I work for don't have pension schemes, so I'm not even sure where to start. Can anyone help? Thanks very much :j
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Annuities -who pays what!
I am starting to look at taking an annuity from my pension fund. All's going well quotes from Pru/ Saga/ Aviva/ HargreavesL for LV/ ScotttishW. I can't seem to get my head around who pays what! Is that? -commission V fees?. I think I have understood that the quoted annuities for me are frontloaded and that the set up fee…
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Im 28 and havn't started a pension yet! I work for a Local Authority - advice please
Hi, I am 28 years old and have worked for a Local Authority for 3 years. When I started I was automatically entered into their pension scheme but at the time I couldnt afford the monthly payment so cancelled it. I am now realising that I need to start up a pension but Im not sure if my company pension would be the best…
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To pension or not to pension
A classic newbie question - but not one that I can find an answer to within the forums so far. Is having a pension strictly necessary? I have routinely saved since starting work and live within my means. I am confident that I am setting aside as much as I can afford each month via a variety of savings and some property…
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Annuity Cash in ?
Good evening,I wonder if there are any nice people out there who could give me some advice please.I have an annuity with Legal&General,which is cast in stone,and cannot be cashed in ,or surrended.I have about £26,000,in the pot.I'm English,but live in Denmark,and married to a Dane.The problem is that, I don't believe the…
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New pension at 59?
Hi I hope someone can help, I have 3 pensions which total about £70,000. I intend to take 25% in cash, so I can buy an investment flat (with savings and a mortgage) the amount left will buy me a smallish pension. Do I have to take the pension now, along with the cash? Also I think the new stakeholder pension is starting…
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My Pension scheme is being wound up, some advice please
Hi all, as you can proberly tell I'm new to the forum so thanks for having me. I have searched through various posts on this forum for some advice on this matter but to no avail. I have been advised that a pension scheme that I had been paying into with a previous employer is being wound up. I have three options available…
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Pensions and IFAs
I'm currently looking at starting a personal pension and have made an appointment with an IFA. One things is confusing me - if you pay the IFA on a commission basis, what is to stop you merely taking the advice and starting up the pension yourself - thus avoiding the ongoing commission costs??
