-
income choice annuity- worth considering?
What is the different between an income choice annuity and normal annuity, and are there worth while?
-
Parents gifting money when they require care
Hello, I'm new to the forum and not sure where to post, I was hoping someone could help. My mother and father in law are in the process of selling their large family home to reallocate closer to myself and my husband. They plan to downsize and pay off their mortgage. My mother in law is an MS sufferer and is wheelchair…
-
Advice please: nuvos, partnership or opt out?
Even after the little reading I have done, I am unsure about what to do with regards to a pension and would like to ask for your kind advice. I have just finished my studies. I have the full student loans, zero savings and zero other debt. I have been fortunate enough to get a job with the Highways Agency. The Highways…
-
fund transfer to Annuity?
Just studying offer received for annuity. Is this about average, good, poor? transfer value of fund 113,015.02 tax free lump sum 28,253.75 to invest/annuity 84,761.27 level income joint 100% 4,502.16 Just wondered what others thought. any comments appreciated. volunteer 11
-
Capped drawdown limit for women rises in December
http://www.hmrc.gov.uk/pensionschemes/gad-announcement-august-2012.pdf "Drawdown pensions - Amended instructions on how to use Government Actuary’s Department [‘GAD’] tables for female drawdown pensioners aged 23 and over from 21 December 2012 Update to Guidance 8 August 2012 HMRC has updated its guidance about drawdown…
-
To Sipp or not to Sipp, or which Sipp?! All comments welcome
Hi there I'm hoping I can get people's opinions on my pension situation. To surmise: I am 33, started investing last year and so in essence am playing catch up on all the sensible people who started much earlier than me! In terms of ISA I pay monthly into a hl ISA which goes into a number of funds across a number of…
-
AVCs
Hi, I'm sorry if this has been asked before but this is my first time on this website. I have a Scottish Widows AVC that I have not paid into for years and has money sitting in it. I think that I can transfer the money to another fund but can I transfer the money to my NHS pension or to an NHS AVC? Thank you for any help!
-
OK Sell me on SIPP please...
I did think about tagging this on another SIPP thread but thought better of it. So Sipps...you pay money in,you get tax relief,your pot gets bigger. From a certain age you can take a lump sum and the rest as taxable pension.... So whats good about that? They give you tax relief up front but you then have a taxable pension…
-
pension advice
hi all I don't know if anyone can give me any guidance or if this is the right type of forum to ask in! I have recently increased how much I pay along with my employer to my Standard Life group company pension - a stakeholder pension it is very flexible I have scores of funds to choose from and also i can buy in and out of…
-
SIPPS..After deliberation..Decision made..
Hi everyone, After a few months of weighing up options i have decided on which path to take. Ok, my circumstances 45yr old male, single, working, just over £50k in various pensions with no contributions for many years but now looking to pay £300 per month net, with an annual increase of 3.5% for 20 years. Also I have 30…
-
After taking 25% tax free lump sum, can you invest the remainder in a SIPP
My husband is trying to work out what to do with his Personal Pension. He has a fund value of £78k & wishes to take the tax free lump sum but is not sure what to do with the remainder. Can he invest this in a SIPP instead of purchasing an Annuity. He has other Pension plans that mature at 60 & 65 & at this moment in time…
-
State Pension
I became pesionable on 7 July 2012 and opted for payment every 4 weeks into a current account. I received one weekly payment for 7th-13th July with the next payment due today, 10th August. No payment has been paid into my account and, on ringing the pensions office, I am told it takes another 5 working days to reach my…
-
Confused
I am 63, not working due to illness. My wife has retired on a mix of pensions of £900 a month including the state pension . A similar amount will be due to me in 18 months time. So right now our income, pre my pensions is in total about £1,200 a month with my DLA. We have around £150, 000 in savings, a low mileage cheap…
-
Royal london plus pension
Hi everyone, can anyone tell me how do i find out if this plan is worth keeping or transferring? Its a with profit fund & was opened up 22 years ago when I was 23, at the time somebody in the know said it was a good thing to do & the money has come out of my NI contributions for most of the years ever since. Ok so now the…
-
SIPP Investment help please.
Hi I am a first time poster and would just like to know if any body as had any dealings with CLP brokers and also if anyone has invested or looked at investing in Verdant farmland. It looks a genuine investment,but just wondered other peoples thoughts. Also can anybody answer this question if I make a SIPP investment and…
-
MSE News: Young people 'confused by pensions'
"Millions of young Britons are more likely to understand a foreign language than pensions jargon, a study suggests ..." Read the full story: Young people 'confused by pensions'
-
Scottish Widows Pension
I have received a letter from Scottish Widows stating the following: "while you were in your employer's pension scheme, you made an investment choice which offered lifestyle switching. This meant that as you got closer to retirement , we would have gradually adjusted and moved your plan into lower risk investments. When…
-
Private pension & living abroad
I'm sure I'm ultimately going to need to speak to a finacial advisor, but hopefully I can get a few pointers beforehand. I opted out of SERPS and took out a private pension many years ago (probably 20, after about 5 years of paying into the state pension) I moved to Australia in 2010 and registered in the UK as…
-
Paying into two pension schemes
I am currently paying into 2 pension schemes. One is a private stakeholder pension I started a decade ago and the other commenced automatically when I began employment with a public sector body a few months ago. Is paying into 2 separate pensions legal? Sorry for the dumb sounding question. I have a relatively good…
-
State Pension for Non-British NIC payers
Hello all, I have a question that I cant seem to find an answer to on the HMRC site. I'd appreciate any help or direction anyone could give. I am an American / Israeli citizen, and I have been living overseas since I was a teenager. I worked in the UK for 3 years (age 20-23, after I finished my MSc in London) before my…
