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Transfer, freeze etc
My sister has sent me some documentation and asked me for some advice regarding her pension situation. I've explained that I'm clueless when it some to that area, but thought that some MSEs might be able to offer a few pointers. She's worked for the Legal Aid Board/Legal Services Commission for a decade or more and is…
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wife furure pensions?
since april this year my wife work place stopped paying her ni contributions due to low wages. she earns roughly £550 amonth. she pays no tax either. we've wrote to the works & pension folks, this was 3 weeks ago so far not heard any thing. what she is concerned about how will this affect her future pension's. has the law…
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DWP trying to take money back!
My grandad passed away 3 months ago to the day and today my mother (his next of kin) received a letter from the DWP stating that he was over paid £150 for the week after he died. My mum had informed them of his death just after he passed away and the money that was left in his bank account was paid from his bank towards…
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Death in Service Benefit Refused
Hi I recently joined the pension scheme at work, after working there for almost four years. I had to fill out a medical form as i had had surgery in the previous 12 months. The pensions manager has now come back to me and said that the death in service benefit, which is a lump sum payment of 4 times my annual salary, has…
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Combine Pensions
Hi there, Apologies if this has been asked before but I couldn't find any help on it. Basically, I have worked for 4 different companies throughout my adult life, and therefore have 4 different pension policies. Company A - 4yrs Company B - 3yrs Company C - 3yrs Company D - 2yrs So is there a way that I can combine all 4…
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Awaiting settlement
I complained that I had been mis sold a pension in Aug 2009( Should have paid additional money into my teachers pension scheme ) Complained to FO as Windsor Life were taking so long to investigate. Given £100 compensation and confirmation that I had been mis sold. In Dec 2010 information went to Hazel Carr and am still…
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Can I avoid Capital Gains by paying proceeds of house sale into a pension fund?
I own a property which I have never lived in & have rented out for 20 years & I now wish to sell it. I have no other pension & it has always been my intention to live off the profits from the sale when I retire. However I have been told that I will have to pay Capital Gains tax on the procceeds of the sale. Please can you…
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Protected rights pension drawdown
Hi About 18 or so years ago, my parents' financial advisor got me to opt out of SERPS. I had no clue then (or now really) about what I was doing, I just signed on the dotted line (I was only about 18 at the time). I had totally forgotten about it until I just came across the plan statement from 2007. Anyway, a quick google…
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Should I transfer my Teachers Pension into the new NHS pension?
I have about 9 years worth of Teachers Pension (old scheme - full benefits at 60). I now work in the NHS and it is unlikely i will return to teaching. Is it in my interests to transfer my Teachers Pension benefits to the new NHS scheme (full benefits at 65)? Both are final salary schemes and I have significant potential…
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Can I cash in a pension, now living in Spain
We have been paying into the Spanish system for 6 years but also have a private pension in England. We haven't paid anything into that for a long time. Can we surrender/cash in the private pension in England as we have heard that you can if you haven't been living in England for 5 years or more? Is this rumour true as I…
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GMP - can I take it early?
I'm about to take early retirement in December this year aged 57 and will have pension benefits from a defined benefits scheme. I also have GMP benefits with a former employer's scheme which I understand will be payable from state retirement age. My question is a simple one though suspect the answer may not be - can I take…
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moving abroad
im thinking of moving to turkey and have a pension with hsbc. im 44 and have 10 years left toi pay . the fund is worth little in the grand scheme of things. my question is if im unable to pay money in to it due to my income being reduced what can i do.. reduse the amount? take a break untill such times i can contine…
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Expression of Wish
I understand there is merit in writing to one's pension company saying that on death, I wish the pension benefit to be paid to my daughter. In this way, the pension benefit lump sum can be paid outside of the settlor's estate and therefore not liable to Inheritance tax. This approach has been accepted with my pension…
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OT: Helping people
I'd quite like to see a few more threads in here where someone asks a pension related question and those who can, help them. Not loads of off topic squabbling or political grandstanding. There are boards for that. Just a thought.
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Personal Pension - Best choice for me?
Hi all, I'm looking for some pension advice. I've recently started a new position whereby my employers are only offering a Stakeholder pension, which I can join after 6 months of service - I don't currently have any information on the contributions allowed. I've been thinking about pensions recently, having received a…
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Public sector, where where you when we needed help??
As above, new anouncement over strikes re pensions. Do you really expect the public, AKA, the private sector, that have had their wages and pensions raped over recent years to either support or sympathise with your cause. Get real people and join the present world.
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nhs pension buying back years
I left the nhs to work for a g.p.practice from 1989 - 2001 at the time nurses were unable to pay into the nhs pension scheme even though we still worked under the whitely council rules. In 1997 it was then allowed that nurses working for g.p.'s could pay into the nhs pension scheme. At the time I did not buy back the…
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NPI / Pearl Annuity Payment
I have a self employed with profits pension with NPI I was 60 in July and wanted to take it with a 25% lump sum. The amount offered was slightly below what was guaranteed and when I queried I was told "ah you need to make payments until the anniversary of the policy - 5 more payments - so if you send us a check you will…
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Divorce and pension
I was awarded 50% of my ex's civil service pension. I hear that they may strike due to changes in pensions. will these changes effect me? also I had very little help when this was awarded, is there anybody who can explain how this pension works? I did contact the civil service pension office, but they were about as helpful…
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NHS Pension Choice - dilemma due to Hutton Report?
I am in my mid-thirties and have worked for the NHS for the past 12 yrs. I am currently under the 1995 scheme and have to decide within the next week whether to opt out of this and into the 2008 scheme. The key difference between the two schemes seems to be when you will retire / leave the NHS. If I retire at 60 the 1995…
