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Pensions, annuities & retirement planning

Archives for September 2011

state pension question, and help please
hi, i have a question about state pensions. i am 38 years old and i have worked every week of my life since i was 16. i have never claimed a penny from the state. when i retire (67 i think state pension age) will i get more than someone who has never worked a day in there life? or the same amount? im confused how it all…
SIPP Investments at present
My pension is in a Hargreaves Lansdown SIPP - employers make monthly contributions (I'm in a senior management position) however, currently, with the volatile stockmarkets, I have accumulated some cash which is just sitting there, doing nothing, waiting for me to invest.......must be about £7K waiting at present. I know…
Pension advice please
I have paid into a pension scheme with a previous local authority for 19 years then left 4 years ago and this became 'frozen'. I now work for a different local authority and was told by a workmate that from next April, It will be compulsory to have to start paying superannuation. Not only that but there is a possibility…
Starting a new pension at 60
Hello - could some very kind person give me some advice please. I got made redundant last year and thinking I wouldn't get another job because of my age and the recession, I took my pension, which was a final salary scheme. My pension's not great but I thought at least I would have some income until I reach state pension…
Will I loose my ex husbands pension if I re-marry?
I have been divorced from my ex husband for 7 yrs, at the time I didn't apply for his pension. There was no financial settlement or no property, he also took the family car. He is in the army and I travelled the uk and germany for 9 yrs. Since then he has the minimum contact with his children and even moved abroad to…
FA/Pension advisors answers to my questions: Comments please?
Hello. Yesterday i had a meeting with an IFA/Company Pension advisor. I asked the very helpful people on this forum what sort of questions i should ask him regarding the pension he would offer and they were very helpful. I am going to post my questions and his answers, please feel free to give any comments on the answers…
Steady yourselves!
Yes folks, I'm contemplating once again swimming where the great whites circle; today I emailed an IFA to see if he can come up with something that beats a DIY for a lump sum. I'd appreciate it if you could all be on hand to apply a wet suit tourniquet if it's required at short notice. Thanks. :D
Tax on Pension
I am in the fortunate position of already receiving a pension which I do not need to spend Approx £1100 per month, which has been taxed at 20% already when it is paid to me Because I have this pension I am now a higher rate tax payer. The tax office has agreed to continue the tax taken on the pension at 20%. I asked them…
pension advice
Do I take a lump sum and annual pension or a larger lump sum and smaller annual pension? Any help would be appreciated.
Pension, bigger lump sum
Hi, I have the choice of annual pension and lump sum or bigger lump sum and smaller annual pension. I have no idea which would benefit me the most, any ideas would be appreciated.
Pearl assurance pension mis-selling
Anybody familiar with 'Guarantee Certificates' said to have been issued by Pearl in respect of pensions mis-sold by them. The Guarantee Certificate is said to 'guarantee to give you benefits worth at least the same as those you would have received from your occupational pension scheme'. I was mis-sold pensions by Pearl. It…
How much pension will a fund of £10,000 buy?
My OH, is self employed and doing well enough to not think about retiring until 65. Back in the early 2000s, he worked full time for an employer for 3 years and as a condition of his employment, had to be in their pension scheme, a Personal Pension Plan. He paid the basic minimum contributions, as did the company. Soon…
Scottish widows [ex lloyds tsb]fsavc
I have been paying into the above fsavcs [approx £73/month] for several years giving a total value of approx £28000 at present and i am within a couple of years of retirement[hopefully]. Simple question : Is it worth continuing these payments as i find the figures quoted for annuity very poor. I assume the costs will eat…
Commutation & Higher Rate Tax
I'm 61, about to retire and will be receiving a final salary pension. I have AVC's which I will take as a lump sum, but this doesn't reach 25% of the total amounts. I could take the maximum lump sum but it would mean taking £88,700 cash from my final salary pension and a loss of income of £6700 (Commutation rate 13.3) If I…
Skandia CRA - Client Extranet
It could be me but it seems EVERY time I try to logon on Skandia, they are carrying out "essential online maintenance". Does anyone know why their system is so often down - I've not seen this level of falling over with other providers in the past.
Is there a Pension TYPE debate?
...if yes, then its not been made a sticky yet.... The question I have is which option is the best and based on what circumstances? I am specifically speaking for the middle class who aim to put amounts from £100 to £300 a month and not a lot that can be locked away for 30 to 40 years down the line when we dont know when…
Paying into pension again
I am earning money (self employed) again after having a career break so want to start paying in to my pension (small amounts at first - £50 as I am only part time, and will look to retire in about 20 years) The problem is I have 2 - one with Aviva (stakeholder - set up by my previous employers) and one with Prudential (not…
Transfer State Pension from PO to Bank
Can someone please tell me the procedure to transfer a state pension which is corrently paid into a PO card account into a bank current account. The person is having difficulties getting to a PO but could hobble to an ATM nearby. Can a form be collected from a PO or does it have to be applied from the government agency.…
Where Do I Start With Pensions?!
Hi Guys, I've always found this forum to be a great place for advice, so thought I'd come back once again! I'm currently 23 and working for a small company which does not have a pension scheme. After graduating from Uni I did work for my local council and had been paying into the LGPS, but obviously I can't pay into it…
Who needs a will?
Recently had a letter through from work regarding my "death in service" benefit, and who I wish it to be paid to should I be unlucky enough to cop it. I think its around 4x my annual salary so about 75k. It got me thinking about whether I need a will? I am 23, no mortgage, I have around 40k in assets including cash savings…

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