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pension now
Keep reading about a disaster looming for the country! So in light of this for someone wanting to start drawing their pension would it be best to go for an anniuty to safeguard the pot rather than drawdown which could potentially fall if the SM does a wobbly? TIA
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Buying Extra Pension or not?
I have 15 years to retirement, my husband has 10. My husband has two old occupational pensions which will pay about 3k each and a pot of 35k in a Standard Life pension to which no more is currently being added. My pension is Civil Service Classic which is predicted to pay out just over 9k when I retire plus lump sum. We…
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NHS Pension, to join or not to join??
Hi all, advice needed asap, im a Registered Nurse who has never joined the NHS pension thus far. The reasons are i needed money to love now but its come now that maybe i may join or may not dependent on the advice given. Im 35 now and want to wind down to part time at 55 and work til prob 68 to draw my pension NHS. I also…
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Help Should I Draw Pension But carry on working?
I am in a final salary scheme that has recently changed, it was a 40/60 scheme but due to costs Normal Retirement now at 65 I would like to retire if possible at 63 I still have a mortgage outstanding and one option is to draw my pension at 58 when I will have 40 yrs in scheme + enhancement of 2.9 yrs= 42.9 yrs in scheme ,…
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'Rebalanced tracker' pension fund
I'm thinking of investing about £5000 in a pension fund this year. I'm not particularly bothered what sort of vehicle it is - stakeholder, SIPP, etc. I'm thinking of a basic, cheap, tracker but with rebalancing so it's a 'fire and forget' fund... seen too many providers with only a few sector-specific trackers and no…
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Should I Bother Paying In?
Hey, So I'm currently a student nurse who works at sainsburys. I pay into the pension at 6% which they match but I'm just thinking, if I join the final salary pension scheme when I join the NHS are these contributions just a bit pointless? My pension has about £7k in it which I know I can't cash out etc.
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CS Classic Inverse Commutation Rate?
what is the inverse commutation rate for a civil service classic pension at age 62? cheers fj
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Pension Transfers
A slightly biased thread but I wanted to get something in the public forum. I work for a firm of independent Financial Advisers who offer Pension Reviews - basically these pension reviews solely concentrate on saving people money on charges in their existing pension contracts. Private pensions will make annual charges…
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Choosing funds
Can someone point me in the right direction? I have a standard life pension and will start contributing to Scottish widows pension this month (2 different jobs) Where can I look at the different funds and start my research? :) tia
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Money into pension or not?
Hi, thanks in advance. I'm lucky enough to be coming into some money soon. I will be able to afford to put approx £10,000 into an investement of some kind. I was potentially going to put it into a pension pot. Last year I had a job and earned over the higher threshold on tax, I know have a job and earn £40,000 before tax.…
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Planning to fully retire or semi retire?
I'm interested in whether people on this forum are saving for retirement in order to fully retire or semi retire. Is semi retiring a stepping stone towards full retirement, so that you can achieve 'retirement' sooner? Do you plan to work part time to an older age than you would if you'd stayed in full-time work and fully…
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Local Government Pension Scheme and Private Pension
Hi all, I am about to start a new job in my local council. I have some questions about the local government pension scheme - I plan to do more reading and research myself, but thought I'd ask the questions here too. I'm 31 and have a private pension with Standard Life that currently stands at about £18,000. I took advice…
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LGPS death in service
my mother in law has a pension with Local Government pension services. we see in paper work a death in service payment as a lump sum. we have looked breifly at this term, death in service, and from what we read, if you die before pension age in work or out of work this payment is made along with the pension pot. the person…
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Voluntary class 3 contributions - relaxed timescales under 2016 Flat Rate Pension
HMRC have now added some details on the relaxed timescales for paying class 3 contributions for 2006/2007 to 2015/2016 tax years under the proposed Flat Rate Pension in 2016. See the HMRC website here where it says
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Pension forecast query
I have just got my pension forecast and it states that I have 30 years worth of contributions. My rough working history is as follows 77-82 ten hours a week 82-84 15 hours a week 84-2013 32 1/2 hours a week I had two children born 71 & 73 I realise that in those early years I probably did not earn enough to pay NI but…
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What to do with your annuity quote
I have decided to take my annuity now and have got my figures from my stakeholder pension plan. Obviously I want to best deal I can possibly get. I have googled this and contacted several brokers(?) who have come back with quotes but now my current quote has run out. Can I myself contact these companies direct and is this…
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property investment SIPPs advice on providers
I am considering investing some capital into commercial property and have noticed that some of if would be eligible for SIPP so have now started to look into setting up a SIPP, due to the potential tax advantages of doing so and that I am not too far off 55 when I could start to access the funds. Can anyone advise on…
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Pension plans?
Hi everyone, I hope Ive posted in the right place..... I just had a general query that some of you might be able to help me with.. I'm a music tutor (self employed) and have been paying into a personal pension plan with Scottish Life since 2006 (spoke to a FA at the time) approx £90 per month (government adds their tax…
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RDR = "bigger slice of pie" for providers?
http://www.moneymarketing.co.uk/adviser-news/carl-lamb-providers-are-making-advice-more-expensive-post-rdr/1069043.article "Cases are happening where the client is still paying the same to the provider, which would have included the adviser’s commission before RDR, without passing anything on to the adviser and then paying…
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Pension paid by deceased spouse's ex-employer
Hello, I need some clarification regarding a nominal pension I receive from one of my deceased husband's previous employers. My husband died in his mid-30's when self-employed, however some months after his death I discovered some paperwork in the loft, and it transpired he had a pension with a previous employer some 10…
