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My Pension Plan
Hi This is my first post here so please go easy on me :) Im 35 and a higher rate tax payer for the first time this tax year. I started a defined contribution company pension through H&L in Dec 2010. At the mo Im paying in approx £500 inc employers contribution per mth. I like to pick my own funds and would describe myself…
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Tax on small works pension
Hi, Ive just reached 65 and getting state pension topped up with pension credit. I paid into a works scheme, but my pension is very small, under £40 a month, I don`t have any proof of what I paid in and when it stopped. The first works pension was a part month payment as I it started mid month but had tax taken off, £3.60…
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Nat West Pensions
Hi, can anyone help. I was made redundant by Nat West bank 20 years ago after working for them for 10 years. Can anyone tell me if I am entitled to a pension from them ? Aceshigh
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Pension repayment for deceased person
Hi all, I've just had - out of the blue - a letter from a company that my mother had a pension with, informing of an overpayment of about £1500 to her bank account. However - she passed away six years ago and her account was closed shortly afterwards - certainly, there was no pension payment after her death. I've no idea…
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death in service benefit
Hi, my partner died suddenly last month. He had cancer, but we were expecting him to have longer. He was on the point of getting a financial agreement with his wife (he left her just over 2 years ago) but it was never signed and he didn't get divorced. This has left me in a difficult position, on top of being bereaved and…
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They Died, what to do with their clothes? ideas ?
When people die, and they have many clothes, what are the options of what to do with them? (they have to be kept, not thrown away) such as shirts, suits, trousers? Also- NOT in cupboards, as there is a lack of storage. so they need to be shifted somewhere, where they WONT go bad for the years to come. (eg storage…
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Teachers Pension Dilemma
I have a bit of a dilemma with my pension and was wondering whether anyone could give me a little advice to guide me in the right direction. I am 28 years old and a teacher in a state school, although for the past year I have been working for a private education company and so have not been paying towards my Teachers'…
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Can some explain in plain English please
My husband got a letter about the unit value of his personal pension plan from prudential and it's so hard to it says... It says Fund Ex with profits 3A*, number of units 2979.625, value £9165.33. Then under that it says fund Ex with profits 3A** number of units 4886.678, value £16741.76 The asterisks mean * investments…
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SIPP higher rate pension relief question/s?
My wife's circumstances: Basic salary £44,000 and contributes 6% of her gross salary to company pension. Has car/private fuel BIK is £8.1k per annum. Bonus scheme is either 15% of basic salary paid at 100% or 125% (i.e. 18.75%) or a big fat 0 :( In each of those three scenarios how much can we safely put into the SIPP to…
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workplace pension question - so confused!
Hello, Am currently in a stakeholder pension scheme via work, I pay into it via salary and employer was too. However, due to current economic climate my employer hasnt paid any contributions for ages now, is in a letter, we had a paycut but they said wouldnt pay into our pension. So only me contributing. Now have seen this…
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Tax relief in which year ....
Hi I applied to purchase £8,000 Lump Sum Additional Pension via NHS in February 2012 with the intention that it be a 2011/2012 contribution. It takes some time to set up and near to the end of the tax year I asked either NHS Pensions or HMRC (sorry just can't remember who I rang...) about tax relief and was told that the…
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Pension Investment Review After 1 / 2 Years
Hi All I am 26 and have been paying into a pension for about a year and a half, and hoping for some advice. Essentially, reviewing after year one/two, not all funds are performing as I’d hope, now this fluctuation is to be expected and in some ways it means I get to purchase more credits for less but I want to make sure…
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Widows Pension
My friend is receiving a widows pension from company pension scheme following the death of her husband a couple of years after he retired. She is wondering whether she would lose this pension if she remarried or cohabited? The simple answer of course would be to contact the company but she prefers not to. Can anyone help?
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My pension costs advantages etc
I have two standard life pensions a group personnel pension plan and a stakeholder pension plan, are there any advantages to these i was thinking of changing them to a Sipp
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Reducing charges with a SIPP.
Hi, I have a Pension fund of £46000 and the charges are 1% of the fund value per year. I only pay in £615 per year including tax relief so am I right in thinking that there is only £155 going into my fund after charges and if so would I not be better off paying that into a Best invest low cost SIPP investing in low cost…
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Pension transfer advice
Hi all. I have an individual personal pension (formerly c/o SERPS) with L&G, current value £35k. Having spoken to an IFA, they are suggesting a transfer to possibly a Scottish Widows personal pension, which if fee based would be £800. Obviously no further detail unless I go ahead, but on the face of it does it seem okay?…
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citizen's pension
how was this supposed to work? wasnt it about making sure everyone got £140 a week no matter what, forgetting NI contributions and personal savings or pension size? thanks zed
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AVC or alternative
Hi. Thanks for your ideas in advance. I am in USS and plan to retire in eight years. I have 20 years in the plan. I use up my ISA allowances, have no other savings or investments. And want to top up my pension. Probably paying in the region of £500 a month for the next eight years (enshallah). I have looked at two options:…
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Income drawdown performance?
I have a pension pot of £100k which needs to be invested by the beginning of November. Currently, it looks like a choice between various forms of Annuity (including Investment Linked Annuity and Fixed Term Annuity) and Income Drawdown. Whist accepting that Drawdown is the riskier option and experiences will differ…
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Group pension contributions not on payslip
I've been paying into a company 'Group' (personal I guess) pension scheme for about 10 years. Contributions include: Employer contributions 5% of salary at source (so pre-tax) My variable contributions from my bank account (after tax) which my pension company claim the tax back on. I've NEVER seen any confirmation from my…
