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Storing pensions
In a few months time I will reach pension age. I am not intending to give up work immediately, I will probably carry on working for a couple of years. I have read that I can defer payment and receive a lump sum later, when I do give up work. Would this be a good option or would it be better to take the pension and put it…
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I'm getting old!
Hi, I've just had a letter from The Pension Service telling me that I can claim my State Pension in September this year at the age of 65. My wife is currently claiming her pension but is still working. I stopped working (well stopped being employed on 28 Mar 13 - I stopped working years ago, ha, ha, ha). I've done a bit of…
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Help please!
Not sure if this is the right place to post this - please point me in the right direction if not! My husband and are currently sitting down and planning ahead on finances / wills etc, as we are in the process of buying our first property. He has a property (his mother's home) which is half in trust to him. My question is,…
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Skandia Collective Retirement Account?
I have a small (by most standards) Crystallised sum in this platform, it is in Capped Drawdown, it has done well I think. Insofar as it has provided me with a lump sum and a monthly income and has actually increased in value year on year. I have checked and I am receiving 120% of GAD @ 3.25% Luckily I am still on the 5…
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Please can someone explain what Pension this is?
I'm currently doing an overhaul of our finances. My husband took out a Scot widdows policy 10 years ago. He pays £54 p/m. He has an old Royal mail pension (I think its frozen?). He is unable to get a pension with current employer. This is the only policy he has and I don't have one at all? (apart from a very small amount…
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Pension Calculation Error
My elderly friend has been claiming her company pension since 2002. In 2008 she was contacted by the trustees to say they had miscalculated her pension and she had been overpaid since day one. The trustees decided to withhold any increases and reduce her pension until the overpayments were repaid. She did not question this…
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Help with retirement planning
I am getting pretty confused with the best way to plan for my future retirement so would love it if someone could point me in the right direction. I am not a UK resident but have recently found out that I can continue with class 2 NI payments (£2.70 a week) to entitle me to the UK state pension (I assume this is a good…
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National Grid Final Salary DB Scheme
I'm a member of the NG DB Gas scheme. Are there any members in this scheme at the moment on this forum? With all the talk going on at the moment with their DB scheme what would be the best solution for retirement now. I don't feel the scheme is as safe as it use to be anymore, and thinking about alternative investments but…
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Work Based Pension: unsure about consultant's ongoing fees
I would be grateful for some advice on joining a newly formed work based pension. On the surface it appears a good deal - with my company putting 5% of my salary into the pension pot every month. However, I am a bit unsure about some of the ongoing consultancy fees that are attached to the scheme ( especially having read…
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Cashing in part-pension
Can anyone please advise? My husband is cashing in part of his pension (about £11,000) with a Company but they insist he can only have it in Capital Bonds, not cash! Does this sound right to you? They said there had been a change in the law and this is how he had to receive his money. Any advice would be appreciated.
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Retirement Planning
Just wanted to hear some thoughts on my retirement plans and if I am way off the mark or not. I am 44 and planning on stopping work at 50. (I have ms and want to stop work before being forced to by ill health). Currently have a final salary pension to pay out at age 63 of £5500. Currently have £67,000 in stakeholder…
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Frozen pension
Hi, I have a pension that has been frozen for several years. Is there anyway I can get the money out of the pension. Thank you.
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Any experience/comments with X-O Liberty SIPP?
I have several money purchase pension funds held by several insurance companies in personal pensions, total value about £200k. I want to move these into a SIPP and in line with much of the advice on here, I have been looking for the cheapest SIPP I can find. I will want to move the SIPP into drawdown very soon (this year…
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Retiring abroad and taking pension with you?
My wife earns ~£30k in the 40% bracket and we could very easily do without this right now and would consider sacrificing all of this into a SIPP (double what we are currently putting in). She's 33. Are there any countries with reciprocal agreements whereby a transfer can take place but more importantly a country that…
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opinions please,not sure what to do.
I am pretty money savvy but pensions are quite a minefield and having been through it last year with hubbys,i now come to my situation. I am 60 soon(hubby is 62).I have 2 long ago paid up pensions with Aviva,and one with legal and general that i am still paying into and that stands at nearly 30k I intend leaving the L and…
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Is it safe?
Our IFA advised us to stop our personal pension policy and transfer the funds to an independent pension plan. The policy provider has refused to transfer the funds as they say the pension plan is unregulated by the HMRC. Should we be worried? Where can we get advice from as to the best way to proceed. Our IFA has worked…
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Leaving NHS, have >2 years pension - cash or transfer?
*< (title) Hi, I appreciate any advice you may have for me! I opted in to the NHS pension around 1 and a half years ago, but have now found a job outside of the NHS doing something completely different, in the private sector. (With a better salary). I am aware that I can cash out my pension and possibly transfer. I'm…
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Standard Life Civil Service AVC Valuation & Future Options
About 9 years ago I switched my Aviva FSAVC into the Civil Service AVC scheme with Standard Life. I have always pick my own funds and have had some success. From just about getting my FSAVC contributions back during the initial 10 years I have more than doubled my additional pension pot from £10000.00 paid in to a value of…
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Aviva Newton Higher Income Fund closing - what to do?
I have just received a letter from Aviva which says: "We are closing one of our pension funds We've recently reviewed our funds and as a result, on 4 June 2013 we are closing the following fund: Aviva Newton Higher Income Series 2" The letter says I have 2 options: "Option 1 You can move your investments from the closing…
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Sipp Help Please
Hello Can anyone help please, I put my pension into a sipp just before the age for drawing it went up to 55 I did this with the intension of taking draw down then turning it into an anuity to get maximum cash out but the company doing this cocked up and it did not go through in time so I was left with the money in the Sipp…
