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One Policy, part reserved (GMP) and part non-reserved (Open Market)
Hi, I am about to retire and am having trouble getting information out of one of my pension fund holders. This is the company that in 1994 I was advised to move my company pension to, under a type 32 buyout. Apart from the fact that their systems do not appear to work, as I’ve been told twice that letters are on the way to…
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to defer state pension or not?
Hi I was born at the end of 1951 and can claim my state pension in July 2013. If I defer claiming until the 'new' state pension of £140ish in 2016, will I be paid my pension at that higher rate or at the lower rate payable when I could have claimed my pension in 2013? Is it my date of birth which will be taken into account…
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army pensions
How much of an army pension will I get I served six years from 1976 until 1982
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fundamental review of drawdown for a longer term solution.
http://www.moneymarketing.co.uk/pensions/robert-graves-scrap-the-link-between-drawdown-and-annuity-rates/1068535.article "..........A rule change should allow funds on death to be passed tax-free to beneficiaries’ pension arrangements..........."
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Best way to increase my pension
I'm working as a part-time teacher and am paying into the teachers pension scheme. I recently got a pension statement and the annual amount I will receive at 60 (if there were no more contributions) is just over £5,000 a year. I am 45 so will be contributing more though as I work part-time it won't increase as much as if I…
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retirement plan, starting with property
I have been thinking lately, starting with the basics of life and what will happen when I retire. I think owning your own property is a good start, because then you have chosen the house/area you want to live. From this I then wonder whether to get a mortgage early on or just rent and save a property fund and buy outright…
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Right thing
Having spent some time reading the forums here I thought I would post a query looking for opinions as to if I am planning to do the right thing with my pension situation. I am 40, married, with a decent size mortgage running for 20 more years. No debt at all apart from the mortgage. I am a HRT, earning about 70k with some…
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State pension forecast e-service
As my wife has turned 60 and is reducing her hours at work,we decided to go online to get an updated state pension forecast. Logged in to the Govt. Gateway using her user ID and password as previously set up - however after cogitating for ~ 60 seconds the website decided that we needed to activate the service and told us…
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American Pension Maturing
Hello All, My wife has a pension fund in the USA which is due to mature in August. I believe it's a 101K. My wife has UK and US citizenship but has not lived in the US for eleven years now. She'd like to draw the funds in toto, in August but has couple of doubts... * Should she be paying US taxes on the withdrawal of funds…
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Totally confused by Contracted Out Deduction Letter
I'm 65 next month when I'll start claiming my state pension. I've already had a pension forecast saying I should get £107.45 a week basic basic plus £4.62 additional state pension (I've been contracted out for most of my working life). Now I've received a letter this morning saying that my total Contracted Out Deduction…
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MSE News: MPs highlight pensions confusion
"The Government must act quickly to stamp out confusion over its looming state pension shake-up, a committee of MPs warns..." Read the full story: MPs highlight pensions confusion Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro…
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Guaranteed minimum pension rules
Does anyone have any information or experience about guaranteed minimum pensions (GMP)? I have one from Barclays who I worked for 8 years for between 1978 and 1986 and left with a deferred GMP as the scheme was contracted out of SERPS. The Barclays pensions administrator refuses to revalue as it says it is down to HMRC…
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Dying before pensionable age - options
My brother is 43 and has a few weeks left to live from terminal lung cancer. He resigned from his job with a large American Bank a few years back, and has a frozen pension scheme with them (I think a final salary based scheme, but not exactly sure). So, what are the options? Because he has less than a year to live, is his…
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can someone work my tax on my pension
hi just really need that push to ask boss for early retirement. i've roughly worked out my pension should be £31000 pa with a small lump sum which when i put it against my working pay less NI and pension contributions is around £3000 less so by time i pay petrol costs to get to work, I think i'm getting about £10 a week…
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plan32 frozen company pension
hi. i have a company pension which has been frozen since 1987 it has 2 different sums on it one says amount paid in£5753 and other higher sum £13000 im confused is this any good this plan im 56 and i expect i will get something when im 60 anyone any idea how much i will get roughly? for amount i have paid in dosent seem…
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Advice on Pension - Private or Company Pension?
I am a recent migrant to the UK, so learning new things/laws/way of life and all. I joined my company about 1 year 3 months ago. I was told that I would be sent a request via the post to join pension scheme after six month. However, i did not recieve this invitation,so I rang HR in the 8th month or so, and was told it was…
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More than 30 years NI
I have contributed just over 48 years NI, as the minimum required for state pension qualification is 30 years, will I get an enhanced pension that reflects my extra payments or am I dreaming?? thanks in advance Bern48
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Tracing a will I made
Not sure if this si the right place for this, but here goes. My wife and I both had wills drawn up by a solicitor many moons ago say 20 years?). That solicitor moved/stopped practising some time ago, and we're now trying to trace the wills, but don't know where to start looking. Can anyone help? Thanks in advance.
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Auto-enrolment...?
My company has just taken on this and is going to be implemented in July (2013). Their voluntary pension scheme is 7%, and there are no options to put in lower. I've no savings yet as still paying off debt so I'm planning on opting out until I can afford to contribute to it. I'd be losing circa £90 a month if I signed up…
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Passive or Active funds?
I have around £250,000 in my work DC pension scheme and contributions of around £27,000 going in each year. I'm 42 and hope to retire aged 65 on a reasonable pension (ideally around £50k pa, I have an investment property with £200k equity in and £80k in ISAs so the pension is not everything). I've been looking through the…
