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frozen pension
I have 2 old frozen pensions from my old employment last paid into in 1998.I am 55. have received paper work to fill in but totally confused.I have a pension with present employment it wont allow me to transfer these pensions into this fund. is it best to cash these in?
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Is State Pension only paid in full weeks?
Say someone reaches State Retirement Age on Monday 6th May, the pension is paid in arrears and the assigned payday is Friday. It looks as though they will be cheated out of 5 day's pay because the first full week will be Sat 11th - Fri 17th. Seems a bit mean to me.:(
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Aegon pensions and fees
Hi I've been to my IFA to sort out a pension. I've been given to options both with Aegon. Option one just tracks markets and has low running costs 0.95%. Option two is a managed scheme and running costs of 1.60% I would like to know if Aegon are good pension providers ? And do the running cost seem about right. I'm…
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Final salary,sipp
Hi people, Just looking for an answer to an idea that has been on my mind. I am in a final salary scheme" railway" . member since 1980 due to a few extra years for transfer of previous pension. Age 47 salary 41k basic ,usually around 48-50k with overtime. I pay Avc's of £35 a week with £10 match from employer. £90 per week…
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State pension deferral question
I'm hoping someone can answer something that has puzzled me about the state pension deferral calculation. The only two pieces of information I can find are two facts. 1. That every 5 week delay will give an extra 1% of pension. 2. That this is equal to 10.4% annual increase. But I can't see how those figures work.…
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Railway Brass pension
They have sent me a letter as they are about to change the holdings. They are telling me i have the option of opting into 2 selected funds. The ones they offer are Long term growth , Global Equity, Deposit ,Index linked & GlobalBond, Aggregate Bond. I have over 20 years left yet so is it a good idea to select the Long term…
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How many stamps & pension advice
Hi How can I find out how many NI stamps I have paid into the system and how many do you need for a pension? (it use to be 49) Plus how do I know if Ive paid into a serps? Plus can a pension from NI stamps be taken early? or am I not knowing enough about pensions
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powers of DWP?
Does anyone know if there is a statute of limitations on the power of DWP/HMRC to go back and claim NI contributions? My wife has a gap where she paid no class 2 NI but did do tax returns as self employed. She was ill and earning almost nothing - less than £500 per year and we were badly advised by what turned out to be a…
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Stay at home dad and NIC's
Just a quick question (I hope), I am about to be a stay at home dad for at list the next two years, after working consistently for 13 years (worked in the US before), I have over 27 years before the official retirement age . I understand that the new Universal tax system will cover the Nic's for my years at home, but will…
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Co-op Pension: Have I been treated fairly?
Sorry for the length of this post. When I lost my job in 1989 I transferred my company pension contributions to a Co-op Option 32 Pension scheme. I have now reached retirement age. On 28th Feb I received an offer, dated 26th Feb, of a lump sum of £8,313.16 and a monthly pension of £114.93. I accepted this offer and posted…
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How to Increase my Annuity
Hi I have been thinking about this for a while now and can not find the answer. What would prevent me from saying I smoke over 10 cigeretts a day to increase my aPension Annuity, when I dont smoke. Thanks
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Help with my fathers pension!
Hi all.. Although I'm familiar with the savings and investments board (and the mfw board!) I'm not too wise when it comes to pensions, hence my plea for help here. My dad is 10 years away from retirement and he's curious to know whether theres something better he can do with his pension pot. Here are the details.. - its…
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Santander isa or esaver and current ac
Was all set to open up my isa tomorrow when see interest rate has dropped to 2per cent. I am a non tax payer so would it be wise to take some money out of my isa and put it in my esaver which is paying 3.3 per cent until june and also put about 19k in my current ac to take advantage of the 3 percent rate? i realise it is…
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Protecting Private Pension Value
Just hoping someone can please advise me on how to protect the value of my private pension. My pension finally reached £100K and then thanks to the Eurozone and the fall in the FTSE towards the end of the week it fell below £98K. It is invested in 2 risky funds therefore I can expect volatility. However when it broke £100K…
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Starting a pension - options whilst living abroad
Hi, I'm 32 and living in South Korea. I want to start investing in a pension. I was part of a UK scheme (teachers pension) in which I still have about a years worth of contributions. I would like some help or suggestions as to what kind of pension I could start to invest in while I'm living in Korea as I plan on eventually…
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Unable to Transfer Pension
Hi My daughter has just got a new job. She was paying into a company pension for less than 2 years in her old job. She has just had a letter to say her pension fund is £2,200 and she has to transfer it to a new pension arrangement within 3 months in order not to lose it. A refund is not available. However, she is not…
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Self employed pension question
I am self employed but have worked for the same customer for 25 years. As a thankyou this customer is going to give me a sum of around £30,000 with the idea of me investing it to help with a pension. I am not due to retitre for around 5 years. Is there any way I can avoid paying income tax / NI on what I assume the IR will…
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Investment Options for standard life corporate stakeholder pension
Hi all. Looking for some advice regarding the following situation. Appreciate that it is not appropriate for you to give me pensions advice, but would still be interested in hearing views on "what you would do in this situation" or whether you think my logic is flawed. I have been enrolled in my employers pension scheme…
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can you help me with my frozen pension
i have a pension that has been frozen for some 27 years because the company went bust i am almost 60 years old and i am trying to claim this pension i only payed into for 4 years i have asked for a lump sum but they have asked for my last monthly pay slip from 27 years ago which i do not have they say they need it for tax…
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Is this a benefit?
Hi there - I am going to a meeting and these new pension schemes are to be discussed and it looks like they will be sold to us as a benefit/perk. Possibly to cover over lack of pay rises etc...... In my mind it would only be a benefit if they were to contribute more than the minimum required otherwise we are the same as…
