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pension transfer funds release
me and my husband have been in contact with a company who states they will transfer our old private pension into another scheme and will take 10% commission then we will receive 30% of balance with remainder being reinvested for retirement. I have transfer value of £24000 and am aged 47 with hubby having £10000 and aged…
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More good news x 2 everybody
Hi everyone, just thought i'd share these two things i found out earlier today & ok they've probably been covered on here before but they are useful if anyone pays CSA (child support agency) & or has a lowish wage may help them claim working tax credits (this is based on my situation which is single, 45 years old, on a low…
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pension transfer
Is it possible to move money from a work pension, so for example if I left, into my private pension (SIPP).
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Postponing government pension
I am due a weekly state pension of £126 but have postponed taking it for the time being as I am still in work. I know that every 5 week's worth of delay will see my weekly pension increase by £1.25 but I read somewhere if I delay it for 12 months I could take a lump sum instead, and this lump sum amounts to £10,000. This…
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37 and want my pension contributions when i lave uk?
Hello all, I currently have a Canadian visa which expires in Feb 12 and after a failed attempt at immigration last year Im planning to give it another go;) However my cash reserves are not huge to support me while i look for work, and i would really like to retrieve my pension contributions. I think Im probably right in…
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Pension Planning
I'm 41 and my wife is 32, I have a personal pension worth 60k ish and a final salary pension worth next to nothing. I also have 20 years of contributions to the state pension so will probably have no trouble hitting the required total years for full state pension. I'm not currently paying into any pension following…
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Freezing of pension under TUPE
Apologies - first time on the site ! After 2 years and 8 months of paying into a government pension, we have been contracted out to another company, and been told that our existing pensions will be frozen. We will be offered an equivalent scheme with another company, though this has not happened yet.( In accordance with…
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I'm 21 - should I bother with a pension?
I've just graduated from uni and am about to start work next month on a salary of £22k. I've never had a job where I've had to think about savings or pensions at all. The company matches pensions contributions of up to 2%, but I don't know whether it is worth me taking part. People seem to say start putting money in a…
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Teachers' Pension Scheme - Transitional protection
Regarding the forthcoming revisions to the Teachers Pension Scheme (TPS) being introduced in 2015 I am unsure of how they affect me. I was 54 years and 3 months old in April 2012, so 10 years and 9 months away from Normal Pension Age (NPA). Anyone up to 10 years away from NPA can still retire and receive their full pension…
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Where to invest
Been on this before and had some good advice,back again! Circumstances..... Salary basic 39700 Overtime 7-9k Partner 15000 My pension is pretty much sorted ,spoke to ifa and he forecasts that I will slip over the tax threshold around 25000(due to avc) We both have tax free savings plan of 100 a month 300 a month into a…
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Pointless pension?
My OH has recently had a quotation from a small pension plan to which he contributed for a few years in a particular company. He ceased contributing about 5 years ago and the pot now contains £11,000. The quote assumes he will take a £2,750 pension pot leaving £8250 for an annuity. The yearly rates quoted for this are from…
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Lump sum calculator
Hi I'm trying to work out how long a lump sum would last me in retirement after factoring in interest/share dividends. eg lump sum of £100,000; £10,000 a year withdrawal; 5% (net after inflation) investment/interest gains on the remaining lump sum. So after first year the lump sum left would be £94.5k (£100,000 minus…
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Changing from USS pension
Has anybody left the USS Pension scheme for a private pension? If so what did you change to? What percentage of monthly income would you recommend investing to compare to USS - 10%?
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Pension protection
I understand that the government protects pension funds up to a certain amount in case companies go bust, however, my fund is already above that amount. My partner and I are in the process of starting new pensions and have been advised that it is OK for us to both use the same company. Is this good advice or should we be…
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Is a pension loan a pension loan or not?
Hi all OK I've read the sticky and numerous other threads on this topic and everybody is saying that this is bad news. Apologies if I'm going over old ground but I just want to clarify an aspect of the pension loan issue. I've got a pension pot of approx £250,000 and I've been talking to a company that will loan me a…
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Claiming Deferred Pension whilst working
My husband is 54 and working and will hopefully continue to do so until he reaches 60 in 2018, he also has a deferred NHS Pension (with 30 years) we have recieved the figures back to claim this early at 55 which we are happy with, as it means we can now accoumualte some savings over the 5 years before he officially retires…
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Taxing a pension and investments
I live in NY and I'm interested in relocating south. I was told that my pension will be taxed 17 %. Is this all states and is it every year or a one time thing? Thanks
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Drawing pension eary??? can anyone give any advice??
my husband sent off for details of drawing a pension early, he is 57 and working full time and has been paying into a pension with his current employer for the past 5 years or so, he was made redundant about 16 years ago from British Aeropspace after working there for 16 years, they have sent him information for drawing…
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Correction to transfer value amount
Hi. Basically I had a work personal pension with the Halifax and last year they decided to change it to Scottish widows. However everyone at work have received letters from the Halifax saying the transfer value was wrong and that we are owed money. We have been given 3 options 1) under £2000 money will go to policy holder…
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Slow Transfer of money between providers
Back In January my Company transferred all of the pensions from the Pru to Scottish Widows. The process seemed to go quickly and quite well. However on closer inspection the Pru funds were liquidated on the 24th Jan, but the money was not invested by Scot Widows until the 14th Feb. No big issue - except the funds I was…