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Can't Defer My Pension.
Last year when I was 60 yrs old, I received a statement/letter from a pension administrator working for one of my previous employers. The letter outlined my options in regards to what I could take as a pension which was deferred for several years and I had forgotten about. As I have also another pension form a different…
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What to do with 2 old pension funds
I have two pension funds, one from a previous employer and one where I opted out of SERPS. The SERPS opt out one has a value of around £12,000 and a transfer value around £8,000. The other pension fund's current value is around £1,000 and was a salary sacrifice pension through a previous employer. My question is can I…
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When to claim UK state pension, with EU components?
My UK state pension age is 67, so that's when the DWP expects to start paying me. I expect to retire in the UK. However, since I've previously worked for some years in other EU countries, I also have state pensions from those countries. Under EU rules, one needs to make one's claim for (the combined) state pension in the…
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Help with picking a pension
I know almost nothing about pensions and could really do with some advice and information in picking one. I spoke to the head of accounts at my current company and they said the the company do not make any contributions if I was to sign up to the pension but by law they have to by 2015. She told me nobody at the company…
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MSE News: Changing job? Your pension should follow you, Government says
"New plans should make it easier for people to take pensions with them when they take up new jobs..." Read the full story: Changing job? Your pension should follow you, Government says 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?…
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Merge pensions?
Hey guys Started getting my house in order. I'm 37, started contributing to an Aviva group personal pension plan (stakeholder friendly) this month. Contributions at 4.5% of salary matched by employer. I also had 2 pensions from previous employer I am not contributing to: Clerical Medical group pension plan - £0 protected…
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Pay Class 2 NI contributions now rather than buy later?
Hi. Just after Christmas, my missus decided to (amicably) break from the Charity she was working for and go self employed. At that time we thought it best for her not to pay National Insurance Class 2 Contributions because she had the required 30 years contributions and her income will be very small (well below the £5725…
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How stupid is the mainstream press?
I read in a Guardian article (http://www.guardian.co.uk/money/2013/apr/23/falling-annuity-rates-cost-retirement) from yesterday about the rising cost of an annuity:EU gender discrimination rules which came into force in December 2012 have also pushed down rates for female retirees. The regulation in question actually…
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Deferred LGPS Pension
Hi All, I have recently retired early at age 40 due to long term severe ill-health. I have been awarded the full pension by my previous workplace (i.e total incapacity). However, I have a deferred LGPS pension of 3 years built up with a public sector body which I left 13 years ago. I have completely forgot about this (my…
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Choosing Pension plan or paying loans
I am 39years old. I have a housing loan. i have not chosen any retirement plan. What i would like to know is, whether i can start investing in retirement plan or i can close the housing loan first and then start or Pay for both. Please suggest me which is the best way.
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stay in or come out of pension
Hello , Please be patient with me as I am finding my feet again in the world. I do not know about pensions , Its all goblydegook to me , so am unsure what to do , is why Ive come here for help! I am 65 years and I joined the local government pension scheme pension 8 years ago. I claim my state pension and I work only 2…
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Preparing for old age
Hi, just looking for pointers on what I should be looking at with regards finance in old age. I'm 45, single, earn around 22k, own my own house outright, worth 80K ish. Would like to retire early if finances allowed. I've savings worth 20k ish, premium bonds worth 25k. I currently save £200 into regular saver per month and…
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Alternative Investment Linked Lifetime Annuity
Hi does anyone have any views on this type of pension and its risks as opposed to normal drawdown pension . thanks
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alaternative Investment Linked Lifetime Annuity
Hi does anyone have any views on these and the risk factors involved compared to a normal Drawdown . thanks
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Help needed re Pension drawing
I am seeking advice regarding what I should do with regard to my Final Salary pension:- Draw pension at 58 and carry on working Draw pension at 63 and retire I will be 58 in March 2014, I am married wife does not work, 2 grown up children, mortgage outstanding app £65k, savings / shares £15k I currently have 41.9 years…
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Maximum amount in drawdown
Can one of you knowledgeable people out there, telll me approximately the maximum amount that I can take from my pension fund p.a. I'll be 59, male, in good health, not sure if all that makes a difference. All of my investments will be in drawdown-- I've taken the 25%s. The amount of money in the fund will be around…
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Thoughts on these fund choices?
Here's the funds I've selected: SW Fidelity South-East Asia Fund SW Baillie Gifford 60:40 Worldwide Equity Fund Global Equities SW Henderson UK Property Fund SW Investec American Fund SW Baillie Gifford North American Equity Fund Also either: SW JPM Natural Resources Fund or SW BlackRock Gold & General Fund I'm 26 and this…
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Mark13
Hi, wonder if anyone can help. I was advised to transfer my existing work pension policy back in 2003 into a Section 32 Buy out plan, being told there were numerous advantages in retirement and that the whole amount went to my estate in the event of dying early. I was given a load of projections and growth rates etc. Sadly…
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Physical Metals SIPP UK Pension
I have only found one SIPP pension in the UK that lets you hold physical precious metals. CGIL is the metals broker, and DP Pensions provide the pension wrapper. I'm doing due diligence on this prior to a potential pension transfer. Can anyone recommend this? Or, do you know any other options for me to check out? Many…
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government looking after those without?...
hi all, just wondering opinion here. im 35, been paying into a pension since i was 20. whats the likleyhood that when i get to retirement age the government will take on the stance of : you have loads of money in a pension so you wont recieve anything from us and the people who have never bothered to pay into one will get…
