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Advice Merseyside
Following on from a previous posting Can anyone recommend a Firm in Merseyside that could give me advice regarding when to take final salary pension- it's technical advice I will not be buying a product from them Recommendation would help thanks
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Are these guarantees any good?
My husbands employers have been paying (on his behalf)a small sum into a Prudential (previously Scot Am) Indepension series 2 for many years. I've recently discovered the original paperwork for this and it has "2 guarantees, namely that the offer price will never fall and bonus will be at least 4% per annum" What does this…
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Children's Stakeholder
For some time I have been contributing to each of my two daughters' Stakeholder Pension Funds. Each of the Funds is invested (£300 pm incl. £60 tax uplift) as to 50% in a UK tracker and 50% in a US tracker. The Fund for each daughter is now of a size (>£60k) when the charges, which are based on Fund size, are beginning to…
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Planning for Retirement
Hello. I recently had a serious talk with my parents and am concerned about their retirement plans, or rather a complete lack of one. I don't think they are doing too bad financially but I am just worried about any risks that we are not aware of, or if there is a different and more efficient way of doing things. They are…
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time limit on transfers
hi,just seeking advice concerning pensions,a few years ago i started working for the nhs,was automatically enrolled into their pension scheme but was never given any information pack about their scheme,this was,nt an issue at the time i just thought that was the way it worked untill recently when i had a reminder from an…
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Tesco Pension
Hi, looking for some views on Avc My wife has worked for Tesco for 13 years and pays into their pension scheme, she is currently 56 and earns around £27500. We are hoping to retire in around four years at 60/61, Is it worth paying AVC from her salary for the next four or five years? Will it make much of a difference and…
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FRS17 and Liabilities
I understand under FRS17 rules, 'Contributions by scheme participants' are listed as a liability. This seems odd to me. By having employees contribute to a scheme, this increases the liabilities of the pension scheme? How? Employer contributions aren't included as a liability. I can see how employee contributions increase…
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Pension pot or Bond for my £40,000 ?
Looking for help on this please. I am a 62 year old male that has been in my company pension for around 4 years via a salary sacrifice method.There is not a lot in the pot as I am on £21k a year. I have £40k that I need to find a home for.I have maxed out my Isa limit for this year and have some NS&I certificates which I…
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cashing out frozen/defered pension
iv seen adverts lately about being able to access some money from frozen pensions,after 21 years with british steel I was made redundant in 2001,im now 49 and was just seeking a bit of advise.what are the pros n cons if this indeed possible. thanks for taking the time to read this
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Any advice on cashing in pension
Hi was wondering if anyone could give me any advice re claiming a small pension under the age of 55. My pension company gave me a certificate of incapacity form to be signed by my gp. I handed it in to the surgery and went to collect it a week later. The form had not been filled in and there was a typed letter in the…
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Quick Annuity Q on OMO
Hi Why do annuity application forms ask you where the funds are coming from, as in whether it is an OMO or transfer of funds. The only difference I can see between the 2 is that OMO is received by the annuity company net of Tax free cash & transfer of funds Gross. I'm just thinking surely the option is always OMO?
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NI and pension shortfall?
Due to my wife's tax code increase she now does not pay NI. She feels that as from now there will be no more years addded to her pension entitlement and finish with a shortfall. Is she correct? Rog
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buying extra defined years
Hi guys/girls. I am currently in a defined company pension scheme where I pay 9% in for a pension of 1/67th. I am currently 44 and have been in the scheme for 4yrs. I want to pay more in to improve my pension or retire earlier, my company mention I can buy extra years but apart from that is vague on how to do so. My…
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Standard Life Pension
Hi All I had a pension back in 2001 with my then employer, which I contributed to on a monthly basis, though only small amounts due to age and income. I have recently fished out the paperwork, as I left the company in 2004 and forgot all about it. I just rang Standard Life and they advised that the pot was currently worth…
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Pension/ Jobseekers allowance
Hi, I wonder if someone would know the answer to this question: I hit 55 in about a month or so, and I've been told I can access my personal pension, I've been told I can take 25% as a lump sum, which works out about 10K. and the rest will be about £25 a month in pension payments, which may not sound much, but to me, it's…
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SERPS pension advice please
Hi, im currently tackling my debts on the DFW board but this has made me open my eyes to all my financial dealings and I am really not understanding the choices Ive made around pensions so help (in a numpty proof format!) would be most welcome. I am 38 and have been paying into my old system NHS pension for 11 years. This…
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Any one know a really good NHS pensions advisor.
As thread says. Advice at my hospital mixed - I know more than they do. Complex situation for me,just need accurate (correct ) advice. Any help appreciated.
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Starting to plan retirement - some expert advice appreciated!
I've begun to think about the R word in the last few weeks, mainly as a result of stumbling across this forum and getting some inspiration from y'all. So I wanted to test out a few numbers and aspirations to get some honest advice from Those Who Know Better Than Me. Hope you will be indulgent enough to my newbie ramblings…
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Probate, joint ownership and IHT205
Hi I am hoping someone has experience of this: I am helping a friend whose partner has died. There was a will with everything being left to the surviving partner and no bequests. The estate is less than £k60 including 50% of the house which was in joint ownership of husband and wife. The bank accounts are in joint names. I…
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Has Anyone Heard Of Action In Retirement (Peterborough), please
Hi everyone I'm a little worried about this as my Mum has mentioned that she has been liaising with this firm to transfer her and my Dad's pensions, as they have both retired within the last month. I note they have only been trading since 2012...it's ringing alarm bells for me, I'm not up on pensions but I have a bad…
