-
Lifetime Allowance Certificate
One of my pension providers is asking me if I have an LAC and if so to send it to them. I've never heard of this - I'd be grateful if someone can explain what this is and how to obtain it. Would getting one be of any benefit to me when buying an annuity?
-
ISA's versus Personal Pension
HI :wave: I have heard some individuals say that ISA's would be a preferred way for non-taxpayers to fund for there retirement over personal pensions. Can someone give some reasons why this could be the the case? I'm not saying this is or should be the case but what would be the advantages for doing it this way?
-
War pensions
I'm 34 and in reciept of a War pension which is paid to me every month. Can anyone tell me if it is possible to free up this pension in order to help me raise a deposit for a house. I have looked online but it seems it possible to do this if your over 55 but i can't see anything relating to my circumstances. Many thanks in…
-
DWP looking into a pension credit overpayment
Hi all My mother passed away in Nov 2010, I got a letter from the DWP wanting to know what savings my mum had from 2000-2003 as they suspect a pension credit overpayment . So I contacted the bank and asked them for the records. I just got a letter from the bank stating in a nut shell "In line with our retention services,…
-
Need to start a new pension after leaving old job
Hi all I took Voluntary Redundancy from a job where I had a final salary pension, and was aiming to go contracting, and train for a career change. I was very lucky to land a job, but it's not going to be long term - and I intend to leave after 2 years at the most to hopefully move into Journalism. I am looking at setting…
-
Pension - NHS
Hi Hope someone can give me a bit of advice. I have been paying into my NHS pension since I was 18 (now 46!) so that's 27 years:eek:. I know that I can't pay in more than 40 years (so just 13 to go!). What I was wondering is can I retire when I'm 58 and claim my NHS pension which would be 40yrs paid service or do I have to…
-
Any one good at sums?
I'm looking at taking my pension next year and with a small annuity I get, my annual income would be £9,151.80. At present I am working full time and annual wage after tax is £15,900.00. I need to earn/receive my working salary to enable me to live & pay bills, but at the same time I would like to slow down a bit and…
-
company pension/avc fund choice
company pension, final salary scheme, awaiting to enter pension protection fund, my avcs which ran along side are with l&general, the fund was uk equity index (accum) received a letter asking what i want to do with the pot approx 16,000, options legal and general uk equity index lifestyle profile fund, or transfer…
-
Starting a pension
Hi, I could use some advice about pensions, as I'm not very knowlegable on the subject. I don't currently pay into a pension, and thought it was about time I started planning for my retirement. Here's some details about my situation: I'm 30, earn £32,000 a year, have ~£30,000 in savings (~£15k in cash ISAs, the rest in…
-
Pension in a Will
If I make a will, can I specify who'll get my pension? Also, can they take the fund as a lump sum if I don't make retirement age? I'm thinking this would obviate the need for life insurance to pay off the mortgage!
-
Retiring advice
:rotfl:The situation is this.. My hubby can retire in 35 months. Because of the new law making it illegal to make people retire he is thinking of staying on full time for a few more years. He works for royal mail and is already getting his royal mail pension. He would be working fulltime so :- 1,getting a full wage…
-
Advice needed for inherited money investment please
Hi I'm due to inherit about £50,000 from my mum's estate in the next few months and instead of it being frittered away on holidays , new kitchens etc, I would like to invest it and use it towards my pension. I'm 49 and want to retire at 60ish when my youngest will have hopefully finished university. I work part -time in…
-
Transferring from with profits pension scheme
It has been suggested that my husband should close his with profits pensions scheme which he has been paying into for many years and transfer the fund (£190K) o his new scheme which has been contributing to for a couple of years and is about £7K. A nominal amount is paid to keep the with profits scheme open and he could…
-
Salty Dog Investor.....
I have a Skandia CRA for my non employer pension, and am reasonably happy with it (the only mild irritation is lack of some funds - CF Ruffer range in particular), I tend to stick to +/-5 funds but I manage them actively - rightly or wrongly I do any research or analysis of funds myself. I have spotted in today's Telegraph…
-
Deferring SP
Hi, My wife will be able to get her SP next year although she has already turned 60. Her SP won't be the full amount as she has only just over 10 years NI contributions. The question is ....would she be able to enhance her SP by deferring it for a couple of years, or would she not be able to do this as she hasn't got the…
-
SIPP - The "nuclear" option....
This is a bit of thinking outloud, so bear with me please... It is a tricky time right now in the most volatile stock market I have seen for quite a while, at least in 2008 it went down and down, before it started to head up and up in 2009/10. Now it is up and down then down and down and up on a daily basis. I have seen…
-
Early Retirement and P45
I am taking early retirement at the end of the month, with a lump sum and a reduced monthly pension, I will be 65 next April. I should be entitled to some tax refund but don't know how to claim it, Do i send my P45 to my pension supplier and get it back that way, or do I claim it back from Inland Revenue in which case how…
-
Company Pensions 2012?
Am I right in thinking that all companies will have to provide a pension scheme to their employes in 2012? If this is the case when in 2012 does this come into force and do you think that these pensions will be worth having if companies are being forced. Would I be better off getting a private pension or even just saving…
-
New Pension
Hi everyone. After a period of unemployment I am starting a new job on Monday!!!! They have a stake holder pension which I can contribute to in my first year a minimum of 1% and the employer will contribute 6%. It goes up the longer I am employed by them. The scheme is managed by Standard Life and it will be in my own…
-
Dumb alert...advice needed.
Hi there, never posted on this board before so gently please. So, I am 40 now, working since I was 16, all but maybe 5 years or so when I had children and was in college. I recieved a letter from the DWP today, saying that Sun Life Financial of Canada were trying to get hold of me. The letter enclosed from Sun Life, says…
