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How can I find the best Drawdown Pension?
I understand the principle of drawdown pensions but how can I find the best provider? This seems very difficult. Is it the same approach as any other insurance/investment – find a good financial advisor?
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Threatened Pension Loss, Where to move 7K
Hi all, I was at my last company less than 2 years and have received a letter from the pensions administrator to say that I am under the pension qualifying period and I have a month to move my 7K to a recognised HMRC scheme or I will lose the money. I am now self employed and I simply want to park the 7K somewhere and let…
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Job change, pension advice
Hi I have a left a local goverment job, I am 30 and I couldnt see me doing the local goverment job for the next 30 years, there was little scope to move up or sidewards and I was board. With leaving I have lost access to the LGPS, but have 12 years service I plan to freeze. My new role has a defined contribution which I…
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Cash for transferring my pension
I have been offered the following scheme and wondered if anyone else had come across anything similar or had any advice... If I agree to transfer my current pension pot of around £40,000 I will be given a cash payment of around £9,000. I have been assured the pension will go into a UK SIPP and will be under FSA and HMRC…
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Severance Pay and Pension contribution
Hi all, I am about to be made redundant and want to put everything but the £30K TFC of the severance into my pension. I was planning to put the 3 months PILON in there too but apparently I can't. Is there any reason why I shouldn't put some of the TFC in the pension in lieu of the PILON, to save having to claim 40% tax…
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can someone under 60 get pension
can a woman in her mid 40s get pension if her husband is over 65, and claiming state pension ? or will she have to wait un till she turns 60 ?
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Abbey Life SERPS Opt out
I opted out of SERPs with an ABBEY sales person in 1988 and now nearing retirement I'm getting pensions in order. I have no paperwork about my opting out and would like to know how to claim any pension from the opt out with Abbey Life or whoever they have been bought out by. How do I track it down and what do I have to do…
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GAR v SIPP & drawdown
Advice please from those all knowing. I am 65 at the year end and have to date taken a phased retirement route from age 57. I am now fully retired. I have two outstanding pensions due for payment on the date of my 65th. Both have Gar's. One is a section 32 with Aviva which should be approx. £8.2k pa and the second is with…
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probate questions
My uncle past away 2 months ago. And today I get a letter from my relative dealing with his estate saying I'm a beneficiary and a letter from solicitor will be in post. When my uncle was 40 he was involved in a really bad accident when a driver hit him and 60miles an hour. My uncle was in hospital for 2 yes while they…
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Have old pension no idea what to do
Total newbie with pensions alert-I do not have the foggiest idea about pensions. If you answer this, can you please explain in really, really basic terms! I have an old pension from Tesco. I have had it 20 years. I haven't worked for them for 16 years as I left there to join the prison service. I had to take medical…
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Pension Calculator Differences
I use 2 pension calculators, Standard Life and the HL calculator. When I put figures in I get two different completely different figures. I have checked and checked through the assumptions that both Companies use and can find very little difference. Can somebody in the know try these two calculators and let me know what is…
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Pension Release- legal cash advance/loan
Hi, I am 54 and have an old personal pension plan with a transfer value of around £40,000 Now when I reach 55 in January 2014 I will be legally able to access 25% of this tax free. The question is I could really do with some of that now and wondered if anyone knew of any legal schemes where I would be able to access a loan…
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2 or 3 pots better than 1?
I have two old pensions from earlier employment (Virgin and Aviva). I’ve carried on making small (£35) paymentsinto the Virgin one and started last month paying even smaller (£20) into theAviva one – mainly because I didn’t want them to be tiny pots. Before a switch off and forget about them foranother year or two I hope…
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BT Pension & AVC lump sum
Just got my quote from BT to take my pension in August (if I want to). The emphasis in the options quoted is all about maximising lump sum payout. I also have a £36k BT AVC. I have an option to buy additional increasing (CPI) pension using my final salary BT pension lump sum. I had planned to use my AVC fund as my lump sum…
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Ruffer in a pension
My personal pension is currently invested through Sanlam Investments in Ruffer Equity & General Fund but this is now closed to new money. Does anyone know of a pension provider with access to Ruffer funds? I'm sure I could achieve this with a SIPP but these do seem too complex for my requirement which is simply to stick…
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When will i be expected to take my pension
I am on DLA, ESA and full HB, plus my husband claims carers allowance. I am 58 and my husband is 60 this year, I have been claiming the above since 2004. I do have in place an occupational pension from an employer that I worked with for many years. My question is at what age will I be expected to take this, I have never…
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Winding up lump sum
I received a letter about my pension from an old job winding up. Says I have £7858 I can take as cash minus tax just wondered if anyone knows how much tax I will pay on this? I'm a student working part time so don't earn a lot right now many thanks :)
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releasing pension early
hello everybody new here so i hope you can help me, my father got a cold call to release his pension early now he filled in the paperwork sent it back blah blah and they found out how much his pension is worth its with british gas if that helps? and said they can release £63000 of it now my mother is no help just thinking…
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Death Grant Question
I wonder if someone could offer me some advice. My sister died last November, she left a son who has spent the best part of his life (25 years) spent indoors with just his Mum for company. He has never worked and hasn't a clue about basic life skills i.e. if I asked him to set up a direct debit he would look as if I'd…
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FSAVC +GAR but Zero hrs contract
Hi I have a longstanding FSAVC which has a guaranteed annuity rate and has two and a half years to run until declared retirement date. The GAR is dependent on continuing to pay premiums. Although I was in full time employment I have now taken my occupational pension and am now on a zero hours contract for the same company…
