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Cashing in an appropriate pension plan
2 years ago I found out that I had an Appropriate Pension Plan with Standard Life with roughly £12,000 in the pot (I had forgotten all about it to be honest).I contacted them to see if I was able to cash it in but they said no.I was recently informed that rules had changed in 2012 and there were companies offering to do…
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Drawdown and State pension
Hi all, I have a question to you pension wizards out there. I am currently receiving a company pension which is high enough for me to gain Flex drawdown on a SIPP of 90K. I am 63 and thinking of deferring my State Pension until I can drawdown all of my SIPP into ISA's. Then draw SP as lump sum or increased payout. I can…
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Stakeholder pension seems to be losing value
I wonder if anyone can shed any light. I am about 300 years (possibly more!) from actually being able to retire but for about the last 6 years I have had a stakeholder pension as well as my public sector pension through work. For the first few years it all made sense, the fund seemed to grow and when it didnt this was due…
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Married womens NI
HI, I have worked for the same company for 38 years and paid married womens stamp (which I was advised to do). I have also brought up three children. How will I stand with the new pension, also what would you advise.? Many thanks
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Married womens NI
HI, I am nearly 60 and have worked for 38 years for the same company paying married womens stamp, (as advised to do so at the time) also brought up three children. What would be your advice as I will not be able to get the full pension?
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Teacher pension question
My husband is being made redundant (after 30 years teaching in the same school) at the end of August. As he is 55, he would like to retire early so he wants to take his teacher's pension from the beginning of September. I'm guessing that this is ok, but wanted to check that he doesn't need to wait a period of time after…
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Company combining pensions - what's the catch?
I've been approached by a Company, not a well known pension Company in itself, that offers to perform a free evaluation of whether I should combine my pensions. What's the catch?
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Pension dilemma
Hi Everyone I have an Aviva Pension I took my policy out over 25 years ago. My retirement date is 2017. I have just received my annual statement and I feel that the policy is a total waste of money it’s like paying into a black hole. Can I take my pension now and have something from it. They said a few years ago that this…
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Pension question
I have the option of joining my work final salary pension scheme. I have around 35yrs to work before I can retire and no pension currently. I can pay either 6 or 8% of my gross pay. 8% is for 1/60th and 6% for 1/80th. It is paid through smart pensions and with tax relief. My employer will contribute 10.3%. Firstly is this…
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Pension Question
I know I can cash pension in at 55. My question is can I cash it elsewhere where someone pays more? They will give you more for your pension?
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SIPP investment in Property
Hi, I have come across a SIPP investment opportunity that almost sounds to good to be true. This is the reason I am very reluctant to invest any of my underperforming pensions. The company is called Dolphin Capital and the investment returns 12% per annum. The investment will be in Germany in listed buldings. The company…
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Question SERPS & Graduated Pension
Does anyone know whether we will get refund of SERPS & Graduated pension payments when the flat rate pension comes in? The DWP have told me I will get the same £144 pension having contributed 43 years as someone who has only contributed 2 years. My pension planning has already been knocked off course having lost to…
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Letter from Friends life anyone ?
Hi all, I've got home today to find a letter from a company called Friends Life asking me to verify various bits of information such as name /DOB / NI. I've never heard of this company but it seems abit dodgy (all the info they want). I called them up and all they will tell me is that it could be related to a pension/…
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Best use of £300 a month
I am a 52 year old teacher who could take actuarially reduced pension at 55. My annual pension will be enough to live on so I'm not worried about that. At 55 I will still have around £55K in a mortgage. I will have a lump sum when I retire that I could use to pay off the mortgage. No other debts and onlya few thou in…
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transfering into drawdown, How does it work?
Hello, I wondered if anyone can shed any light onto how a transfer into a SIP drawdown from a company pension would work? Most people go into a "life-styling" option in their company pension as they get close to retirement, however I understand that this is traditionally for people that are looking at taking up an annuity.…
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early retirement
My husband will retire December 2014 at 65, I am not due to retire until July 2018. He would like me to retire at the same time as him as otherwise he will be nearly 70 before we have retirement time together. I am in a final salary scheme that is scheduled to pay out when I reach 63, I am hoping that I can take it early.…
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Tax code changing?
Hi, I have a question I hope someone can help me with, I have recently started making contributions to an AVC through my employer, I have just received my first wage slip since setting up the payments, and my tax code has changed to 409T, and national insurance cat has changed to D. so I have had to pay tax this month even…
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NI contributions and the state pension
Hi I have 29 years of qualifying NI contributions torwards my state pension according to the pension calculator and would like to get the last required year for a full state pension as soon as possible. I am usually self employed but my income has been very low for various reasons leading to a class 2 exemption certificate…
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Pension: what happens when you have no dependents
My sincere apologies if this has been answered before. I'm new to posting on Forums for answers to questions and did a search but don't understand how to filter the searches. I'm in my mid-fifties and have never understood pensions. I don't have a will as I have nothing to leave but am just getting my head around having to…
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Fathers Bank Statements
My father is 92 years old and has been diagnosed with terminal cancer. My sister has been living with him for the past 5 years and has her name on his bank account. My question is this; can I access my father’s bank statements after he has died? I say this as I believe my sister has been drawing out his money for her own…
