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Divorced R Navy wife pension
We divorced three years ago and I am now 58 this year. As I have no other income I had no option but to take the half share pension I am entitled to. Its just enough to keep a roof over my head but bills are tough. I feel I fall between two stools here-I am a young "pensioner" but I dont know what other help I am entitled…
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What are good strategies folr avoiding the LTA limit
Just wondering what people who are expecting to hit the LTA limit are doing about it? I have around a million in mine currently (mix of defined benefits and defined contributions) and with upto 10 years to go and making use of AVC's, I'm in danger of getting to 1.25m in the next few years. Given there are many variables…
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My brovver
He's 62 in April. Hasn't earned anything in the last 12 years - been a helper to my mum up to her death 18 months ago. He won't work again. Total loner so just himself to worry about. He was burnt by the Bolton promotion but now at least has recovered some of the loss :mad: Want to suggest he gets a SIPP as: He will get…
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SWIP FTSE All Share Index 0.1 TER
As the title says - what are your thoughts on this fund as a low cost option for a SIPP?
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Possible mis-sold pension
25 years ago my wife (gf back then) took out a private pension with General Portfollio, the company has been sold twice and is now held by a differant company. At the same time I took out a endowment policy, which I paid for 4 years. At the time I wanted to cash in the policy, well aware that there would be some penalties.…
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Reasonable fee for transferring pension plan?
I have a pension pot of £319,000 in a small number of funds of a single pension company. My pension adviser tells me that the scheme only allows me to buy an annuity and no other options are allowed. After research and discussion I agree that it is probably best to transfer this to another provider or providers (Whole of…
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An alternate to the State Pension - blue sky thinking.
I don't know why that with a view to saving money the Government does not consider a scheme to offer State Pension sacrifice to those with significant guaranteed pensions. I would be in favour of this if foregoing the State pension completely could be exchanged for decent tax concessions to those with guaranteed pensions…
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Expat Pensions: Finding a pension while living abroad
Hello all. I'm totally new to all this so any info is much appreciated! Does any one have experience or advice on planning for their pensions as an British expat? I have been living and working in Germany for over 10 years and with time ticking by I really must start looking at starting up a private pension! At this stage…
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buying years in NHS pension
Hi ,is there any way I can buy extra years for my NHS pension scheme ? I have been in the nhs scheme since 1999 and I remain in the 1995 section. I am 54 years old I would like to retire at 60 I am male Any advice welcome .
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Government want you to save £320,365
Would I be correct in my interpretation of the following: The long-term target is for 40% of pension income to come from state and 60% from private provisions (source) The new flat-rate pension will be £144 in today's money. An annuity with a 50% spouse's pension and rising by 3% p/a for a 65 year old provides £3,506 per…
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Take 25% - leave the rest??
Hi all, Had some good advice on here previously regarding my fathers pension - now after advice / refresh my memory re my fathers in law. He is 55 in good health and has two average pension pots - one the old contracting out and another he pays in 360 a year!. They are valued at about £43,000 and £14,000 respectively. His…
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At the end of the day....
What are we all trying to achieve? I am considering all sorts of things such as: -overpaying my current mortgage -buying a second property as a buy to let -whether or not to pay into a pension And it got me thinking, what is the end goal of all of this? What am I aiming for? My personal situation is that I bought a…
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debate about opting out and basic state pension
Hi, I am in a debate with a friend about state pensions. He believes that by opting out of SERPS on the advice of Mrs Thatcher he has lost his entittlement to a basic state pension. I think his entittlement to a basic state pension is linked to NI contributions and as long as those are maintained he will get the basic…
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Pension - Mercer
Hello folks, new to the forum so... Hi... :) Well, pension is the only thing in my life that I pay and don't fully understand, which makes me uncomfortable. I have my pension with Mercer through my current employer. I currently pay at the 1/80th level (what ever this means) Can anyone explain in simple terms or detailed,…
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LGPS transferring AVCs from Clerical Medical to PRU
Hi MSErs, There is a possibility that I will apply for promotion working for another Local Authority. On checking their pension arrangements it appears that they use the PRU for AVCs (for those making additional contributions in addition to LGPS). I've been paying into a scheme run via my employer with Clerical Medical and…
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Reliable private pension company?
As soon as i have shifted this debt in a few months i am going to be putting away some of the money i have used for the past 6 yrs paying off debt into a pension pot. I have a small pension running with work, I pay a little over £10 a month and have done for the past 7 yrs, but i want to try and top this up with my own…
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Transferring second home to son
I am thinking of transferring a second home to my son to minimise future inheritance tax and to prevent my being forced to sell it to pay for my care home fees in the future should the need arise. The flat was bought for around £50K and is now worth £120K however I merely wish to transfer ownership for nothing or a…
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Some advice if possible please
Some years ago my partner opted out of serps in favour of a company private pension plan,she was advised that this would be in her best interest. Her employment and contributions continued in this way until the company ceased trading a couple of years ago, she was made redundant, but had paid into the plan for around 18…
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41 and no pensions advice
Hi I am 41 and have no pension in place (apart from one when I was 18 for 2 years ). If i could turn back time I would had ensured I was part of my employers pension schemes thoughout my working life but i am where I am now :( Regretably I am Pensions numptee.. My current dilemma is this, 1. Do I join my company pensions…
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Retiring-Advice on Pension v Lump Sum please
Have been mulling over what's best, would appreciate others views. Aged 64 in April..retiring this March after nearly 48 years..whoo-hoo ! Wife aged 60 in August, no income other than small Building Society savings/ISA's/Premium Bonds and a few shares dividends. My savings also consist of cash/S&S Isa's/shares & joint…
