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EU directive gender discrimination effect on annuity rates Dec21
On the 4th Nov the Sunday times suggested that male annuity rates could fall between 5% and !3% on Dec 21 2012 due EU directive on gender discrimination. What effect will this have on Guaranteed Minimum annuity rates? Will we have to check with each company? or is there a common view by Annuity providers they will all have…
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Child's Pension Taxable?
Hi there, I am, and have been a full time student and had been in receipt of a child's pension up until my 25th birthday in September 2011. I have recently been sent a letter from HMRC asking for a P60 for the tax year ending April 2011 to check that I have paid the right amount of tax. All of my old correspondence with…
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pension
hi guys, how do you find out if someone is entitled to a state pension, he was born 11/01/1943, he worked from age 15 to 23, then moved to new Zealand, he is going back next week, so anyone no if he can phone up today to sort it out, thanks for your help
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State pension. did you take lump sum or increase
Just interested as am due to sort mine out in November 2013 after deferring for two years and know most people say increase in pension is best but if you invest the lump sum would you be better of, most calculations do not take investing lump sum into account
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Normal spend versus deprivation of assets
Was asked for advice on this by a mate of mine, but as I've never claimed benefits for anything in my life, I haven't got a clue so wondered if anyone else has? The question is when does normal spend become "deprivation of assets" as far as benefit claiming is concerned? Background: His mother had ended up virtually on the…
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whats my best option
Anyone know which would be my best option from the following. im 51 and have a private pension and a frozen works one, my private pension has been going 22yrs and i only pay £10.00 a month, if i start paying into my works one again, i can transfer my private one into it, the transfer value is £5800, my works pension only…
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pension backed loan
help, I took out a pension backed loan when i retired which seemed legitimate, i was even provided a tax position from a company. nearly 3 years down the line i have hm revenue and customs sending demands for money. Ge loans have sent a letter claiming they have a barrister represnting them against customs. I am so…
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Claiming your state pension
I am due to get my state pension early next year and phoned the pension people today to ask about a claim pack. I was told it would get to me between 2 and 4 months before the due date but that I could apply by phone (preferable, he said). When I mentioned that I had had a forecast last year, he said that, in that case, I…
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Transfering into a career average scheme
Hi, I am trying to decide whether to transfer a contribution based pension pot from my previous job into the USS career revalued scheme at my new job. Transfer value of the previous scheme is ~£19,800, and USS have offered me a pension of £1130 / year. I am 32 and female. The USS pension is payable from age 65, includes a…
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Is this retirement plan feasible?
I am trying to plan an early retirement for myself and my wife based on a part-drawdown, part-annuity strategy, and was wondering if anyone could advise on whether what I’m planning is within current UK pension & tax regulations? My own pension funds are currently spread 50-50 between a SIPP (with Hargreaves Lansdown) and…
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private pension. 25% early release??
Hi My husband wants to release 25% of our private pension. we have recieved the forms to release it, but they charge 900 pound commision, also our remaining pot can no longer be taken as a cash lump sum!!! we would recieve 95 pound a month untill death. there will be 26.000 left after taking 25% out... in my calculations…
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Pension Lump Sum contributions
I have recently been made permanent in my current job and have joined the employers pension scheme which is a group SIPP with Hargreaves Lansdown and will be contributing 3% via salary sacrifice and my employer will contribute 2%. I have never had a pension before/made any contributions. My current salary is £16k. I am 25…
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Any help on which stakeholder pension provider please?
Hi, has anybody any recommendations which would narrow the field for me? I'm 39 and hoping to open a stakeholder pension, as low risk as possible. I'm hoping to work as long as possible before cashing it in, so am hoping for another 27 or so years of employment. i don't earn very much, 13k per year, and am hoping to invest…
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Pension Tax Benefits - can someone check my logic here please?
I am by no means a financial idiot, but I'm beginning to regret not having taken more personal control of my pension arrangements much sooner. I'm in my late fifties, I have a good Defined Benefits pension scheme with my employer. My query here is about two personal pension funds from ex-employers, currently under…
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Pension Transfer!!!
I am just about to get divorced and my pension company will not accept a transfer from my ex husbands pension. I have no understanding of pensions at all can anyone advise me where I go from here. Jackie
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NHS Pension
My wife is about to return to work part time for the NHS and has the opportunity to start paying extra contributions (or a lump sum) to get what is now known as an Additional Pension.I have a quote of £16,900 to buy an additional annual pension of £1k. I appreciate that there are all sorts of factors to think about but…
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Setting up a small group pension
I need to set up a pension scheme for a small business. It will have 7-8 members and a monthly paybill of about £17000. It is not for auto enrolment. Employers contribution will be minimum 3%. Possibly more. Can anyone tell me how I go about setting a scheme up please? Spoke to Har Lan and SL but we will be too small for…
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Changes to Trail Commission
I consider myself financially literate but I've never got a grip of the implications of charges and commissions on pensions. IIRC, TD Waterhouse will be rebating all trail commission into SIPPs from 1/1/13, and will be introducing an annual charge of 0.35% for those funds which pay a trail commission of 0.5% or more. H-L…
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pension option
I recently left a company after 10 years and have received notification of my pension options from their scheme,as I am aged 50 I assumed my pension would be deffered until I reached pension age but they have also gave me options to take my pension immediately and an option to take a lump sum with a reduced monthly pension…
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Potential combining of stakeholder pensions - what do I need to consider?
Hi there - just looking for some advice or guidance before I seek out a IFA if necessary :) I have approximately 5-6 years worth of my/employer contributions to a work-based stakeholder pension scheme (with legal and general, if that makes any difference). I've now left the company and joined another, also with a…
