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Adviser charges for a Group Personal Pension Plan
Hi I am wondering if anyone can tell me if there is a legal responsibility or way in which an adviser should declare his fees or charges? My employer has used an adviser to set up a GPP and I received a letter this morning with an information pack and individual illustration. It was a complete shock to read he is charging…
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Tax payable on Small private pension whilst still working
Can anyone tell me how I can find out how much I should be taxed on a small private pension I have started receiving during last year. HMRC have now told me I must pay 40% on the pension which seems excessive! Can anyone tell me where I can check this out.
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avc refunds?
started avc contributions with my employer but this was cancelled after 18 months. could anyone tell me if I am entitled to a refund of my money with it being under 2 years.
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Lump sum from pension
I have a company pension. In January I saw the company pensions adviser and was told that I could take my pension as a lump sum - a triviality payment. I decided to do this as it would mean I could pay my mortgage off and retire. I duly completed all the forms that were given to me and decided to retire on 3 May which I…
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Don't understand all this pension stuff
Surely I'm not the only person who doesnt understand pensions? I took out a personal pension plan in 1996 because I was advised to start something but was unable to join the company scheme due to being a temporary worker. In 2004 I stopped paying anything into it because my financial circumstances changed for the worse.…
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The Milky Bars Are On Me!!!!!!!!!
Just had my first full monthly pension for the new tax year and am going to spend, spend, spend. With an extra 27p a week:j, I'm simply rolling in it and cant wait for 9am when the shops open. But what to buy, that's the problem.;)
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Offshore Retirement Pension Plan?
I am a 32-year-old Brit, living in Canada. I have moved around a lot over the years and so have accumulated various pension schemes: * UK state pension * European Union institutions pension from working in Brussels, Belgium for a while * Prudential Group Pension Plan from working at the BBC in the UK I am currently not…
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SIPS Selling Out - What do I do?
Hi all, I have a pension with the Shipbuilders Industries Pension Scheme (SIPS). They are having a trustee buyout with Standard Life. They are giving me 4 options: 1) Go with Standard Life whom will initially put the money into a Standard Life Strategic Lifestyle Passive Pension Plus Pension Fund IV with charges at 0.42%…
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Recommended SIPP Pension
Hi there, I want to look into getting a SIPP pension so I can manage funds online and take a personal interest in the SIPP. Whilst I can find general information on SIPPs, there are some I cannot find. These are: 1) How do I know what level of fund choice I have in particular SIPPs? For example, can I just choose…
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NHS Pension CETV Calculation
I have requested my NHS pension CETV for divorce purposes in early May but I haven't heard back from them yet and my stbx is getting irritated as it is holding up our financial settlement. I started it on bottom band 5 in Jan 2001 and I'm now mid point band 6 and I have always worked full time. Can anybody estimate a…
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Is it worth transfering old pension pot over?
++ I've started a job within the Local Council and have been automatically enrolled into the LGPS and I have about 6 years worth of pension contributions from a previous scheme (with Avia) which I have looked at moving across. I've received the notification back from our pension dept and they say that my previous pot is…
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Please help clarify...
Hi all, I am a new member so go lightly! Anyway my mother is eligble next year to take one of my dad's pensions ( They divorced then re- married to avoid inheritance tax) She will get about a big lump sum ( tax free) and £4000 a month. Question 1 ) Is the monthly sum taxable ? if so what is the percentage? question 2) if…
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Lost £5.5k due to miscalculation by Aviava - where is my money? how do i get it back?
I've recently transferred my private pension into my company pension. The difference between the transfer quote & the amount transferred was OVER £5000 however I have not benefited from this - my new pension value or 'time bought' has not increased. My company pension providers are telling me that as it is within 7.5% (its…
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IFA with a straw in my pension fund
I became a self-employed contractor about 18 months ago so I decided to start up a private pension. I did a bit of my own research and then went to see an IFA for some advice because I really didn't want to !!!! this up. The IFA's remuneration for setting up this pension was 30% of the regular premiums paid into my pension…
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Help with small pension - should it be transferred
My Wife worked part time for a number of years and has the following in that pension - Fund Value today of 7277.31, projected fund of 12700. She now works for the council and has been told she would benefit to the sum of 2 years and 2says transfer credit if she transferred She is 42 now - which is the better of the two…
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How safe is my company CIS Stakeholder Pension?
I'm in the fortunate position of having some cash with which I could make a sizable AVC, which my pension fund could definitely do with, but I had a worrying thought. I know if my money's in a bank, then it's protected, but what about my pension? I know the Coop's having an 'interesting' time, and I know that they're not…
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Are pensions one big rip-off?
Hello, I've just received my yearly pension statement (paying in 18%, about £8000 a year - 50/50 with companey). It says at current rate my pot will be worth £405,000 at retirement. Searching for annuities the best I can find with spouse gives £10,000. This means I won't get anywhere near my money back unless I live to…
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National Insurance Contributions
Hi everyone. I am a 25 year old living in Northern Ireland. I do not work due to my mental disabilities. I wanted to ask a question about National Insurance Contributions & Pensions. Do you need to pay National Insurance Contributions to get a Pension when you get older or do you still get a Pension even if you haven't…
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Teacher's Pension Lump Sum
Hi Everyone. I paid into the teachers' pension scheme for about 10 years and have a sum of approx £30,000 which I was advised by my divorce solicitor that I could claim when I was 55. The TP site said the same when I phoned them . However, when I rang them to arrange the transfer, I was told that I couldn't claim the sum…
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Pension/Annuity Death Benefit
I've posted this in the Death, Funerals and Probate section, but I thought there might be some more knowledgeable people in this section? I am in the process of sorting out all my father's paperwork (he died last month). He had a private pension annuity, does anyone know if there would be any kind of death benefit for…
