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EU pension law - any knowledge?
Now I am going to be a big looser in the police pensions reforms however without going into the detail of that I am sure I have read somewhere that there is a piece of EU law that states pension schemes cannot be changed when someone is within 10 years of retirement. Can anybody point me in the direction of this…
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Goverment gateway in claiming for pension
I have filled in a form for the goverment gateway to claim my OAP in May this year. I am almost 62. The problem is that they send an activation code by post and then you use this to activate it on line. After signing in , for the life of me I cannot find anywhere to input the activation code. Help....hair is now falling…
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Pension advice
Moved job recently and have moved from a 0.6% AMC Aviva Lifestyle Fund (at the riskier end with more equities) to Aegon. With Aviva I was contributing 6% and my employer 5% and I've built up £11k, age 28 (ok, not much!). NEw job, employer pays 8.5% and I'm thinking about paying 7.5% - that's what I've been urged to do,…
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Commercial/residential property in a SIPP
I am thinking of setting up a SIPP to buy some commercial property that has a couple of flats above it. The flats are part of the price for the commercial property. Can I buy this property, including the flats, in a SIPP? If not, what would I need to do, sell just the commercial property to the SIPP and then leave the…
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Voluntary contributions, worth it?
I'm a full time student, in my 20's. I've only ever been in education so have made no contributions. I have almost fifty years left until I can retire. Should I pay voluntary contributions to cover this time or should I just wait until I finish training (will be working most likely for the NHS). When should I worry about…
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Pensions and divorce
Hi I'm currently going through a divorce and am wondering what entitlement I have to my spouses pension. I've been married for twenty years and have brought up our three children whilst my spouse has worked and built up a successful career. I never took out a pension from my part time job as my exes pension would have…
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Hope this is a simple question .....
I've always believed in pensions and they've done alright for me - as some of you may have read in other threads I'm now completely retired from age 55 with three pensions. I'm trying to advise my son (age 27) who has the opportunity to join a company scheme where if he contrbutes 2.5% gross salary the company will…
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Avc advice
My husband has a Free standing AVC that he's been paying into since 1991. He paid into it until he retired in 2002. He did not buy an annuity but has recently decided that he wants to take it now. However, he discovered when he rang them the other day that it is no longer invested it in a With Profits fund but was…
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New Aviva Pension - Portfolio choice
Time for a new year financial makeover of my pension arrangements, so I am just about to start a new Aviva Personal Pension via Cavendish. I'm 35 and with existing Aviva pension of c. £50k which I'll switch in to reduce the AMC from 0.9% to 0.4%. And for the first time in 10 years I am reviewing my fund choices. I've got…
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Boosting State pension
Hi Can you boost your state pension by buying more contributions once you have started taking your pension. Only when I initially retired I could not afford to purchase more contributions but, I can know five years later !! Many thanks
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Excel Formula Help.
Hi Does anyone know of a the formula I use to calculate how much income a pension pot can give me? I'm trying to compare different scenarios on a spreadsheet and can't work out how the pension calculators get to the numbers they do. Thanks E
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Worries about Pension safety
Hi, I have a friend who has a final salary scheme she's been paying into for a number of years. She is concerned that her employer may go bust. Is there anything she can do to protect her pension ?
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NHS Pension query: impact of dropping a day
Hi I was prompted to ask this question by another similar thread that's currently active. There are however a few specifics about my own query that makes me think I'm best to start a new thread. I am lucky enough to be in the NHS scheme and have MHO status which means I can retire at 55 (just under 5 years time) I…
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Pension to pay mortgage
I have a mortgage that has 13 years to run, at the moment I overpay by £200/month, I'm thinking of increasing the over payment by another £200 making a total of £400/month. I'm a 40% tax payer aged 49, and pay £500/month into a pension by salary sacrifice. With the 40%+ tax relief would I be better paying the £400/month…
