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Flexible Drawdown or Annuity
I've got 15 years to go and I'm trying to see what the various options are when I come to retire. I'm hoping to have a pension income of between £15/20K / yr and no doubt change rules will change before I retire. If I take an annuity and say it is arranged only for myself (no spouse/dependents) then when I die so does my…
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25% Tax Free Lump sum
Hope you an help with this query: I am retiring in October this year aged 65 and am fortunate enough to have defined benefir pensions to look forward to. I expect £12300 pa from Alliance Boots, £4000 pa from LGPS and £5900 pa from the State pension. I have AVCs linked to LGPS valued at £16000 and a Clerical medical plan…
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Company Final Salary Pension closed
My company has closed it's Final Salary Pension to all members. This will close at end of September 2013. I have been in the FS for 28 years. It calculates on 1/60th x how many years in scheme. We have now all been told we will be put into the Money Purphase Plus Scheme, giving some benefits from the FSP like death in…
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Civil Service Partial Retirement
I am a Civil Servant and have decided to go for partial retirement later this year. I have looked into the scheme in detail and decided that it will suit me. As yet I have not applied, but will do very soon and need to be prepared to put over my request in the best way possible so that it will be agreed by my employer. My…
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Ill-health retirement info please
If you are retired on ill-health grounds and you have more than one pension due to previous employment/redundancy schemes etc., will these automatically come into force as well as the current pension you are under if they (the current one) pay out?
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deferred pension question
I have a deferred pension, final salary, (large overseas based company, uk and European arm not doing too well) worked there 35 years, I am 53 now and left with vol redundancy in 2011. Been working part time and job seeking since leaving, living on redundancy money and savings and part time earnings could continue doing so…
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Nest again- your thoughts please
I retired from the NHS last summer taking my NHS pension and then returned to working for the same trust on a 2 days a week fixed term contract to cover a skills shortage The trust have now enrolled me in Nest - given that my contract only runs for 1 more year, and even if extended I don't intend to work for more than 4…
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Topping Up LGS Pension - ARCs vs AVCs?
I didn't want to hijack this thread, although I have read it & the conclusion I have come to is that using ARCs would most likely be better for me, but I'd like a few grown ups to comment on my reasoning.... I have a small NHS pension payable at 60, am on track for a full state pension at almost 67 (if they still exist) &…
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SIPP Question
I'm currently receiving a final salary pension from a previous employer of which my wife will receive 50% if I die. I will also have a smaller final salary pension from my current employer when I retire of which my wife will also receive 50%. I've been paying around £1700 per month into the company AVC pension for the last…
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NEST or NHSPS
Hi All Wife has had a letter from NEST (National Employment Savings Trust) saying she has been auto enrolled into the scheme. she works as an Auxiliary Nurse and earns over 16.5K pa with overtime and enhancements she clocks up to £30K pa. She has worked at the same hospital for 3 years and opted into the NHSPS as soon as…
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Pension Payment Dates
I am a retired John Lewis Partner.I received a letter in March,along with all other Retired Partners,telling me that because HMRC want to change the way they collect tax.ie monthly instead of annually.The letter states that "Under the new requirements,the payment date determines the tax month,which runs from the 6th day of…
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GPP- Can the F.A still take commission from pension?
Hi, Apologies if this is a silly question. In 2011 I had a pension meeting with the financial adviser for my employer and he gave me a suitability report that contained a 'Cost of services' page. In this it states that there were 3 ways in which he could be reminerated: 1. Commission 2. A Fee 3. A combination of fee and…
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Taking advantage of high contributions at a young age?
I am approaching 22 years old, my employer set up a good benefits package for employees late last year and I am looking to take best advantage of this and some advice regarding the pension would be appreciated. The company matches my pension contributions up to 6%, I opted to contribute 10% of my salary and chose to use…
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BBC: Public sector pensions face big hit, claims report
Link to BBC article I am confused what the value of pension actually meant? Is it how much the government have to pay toward the pension or just how much contribution requires to get a pension of their income? Still, I am actually surprised they reduced it to 15%, maybe it is taking into account of career average public…
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lgps death in service payment and pension
My maybe in law passed in march this year. We wrote to lgps to inform them. They ave wroge saying 21k death in service grant and the pension is paid over her husband over rest of his life. Question is her salary is £13099 but they saying her final salary was 7000 hence the 21k payment. Which is nearly half the amount being…
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Police Pension Opt Out to Opt back in?
Hi, Sorry if this has been discussed already but I can't find it, and I am new to the forums. I am a 31 year old constable with 11 years service, and I am considering opting out of the pension for a few years but intending to opt back in. I am on the PPS scheme and not the NPPS scheme and knowing that no matter what we all…
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First State Global Emerging Markets Leaders fund to soft close
According to Investors Chronicle the First State Global Emerging Markets Leaders fund is to soft close to new investors as of Sept. 2013. My wife holds this fund in her Friends Life New Generation pension at work. She purchases new units every month. Can anybody tell me what will be the effect of the soft closure upon her…
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Police Pension ill health
I have a Police pension that is frozen until my 60th birthday, (I resigned in 1998.) I am aged 54 and now have difficulty in working due to ill health, I have sacroiliac joint dysfunction a back injury which I sustained whilst in the police although there is no record of this. My question is: would I be able to release my…
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NHS Pension-Part time
Hi, Just looking for some general feedback. Worked for the NHS since 1980, over the years till 2004 when I took a career break worked full-time ending on a senior managers wage. Took a career break of 18 months with no advice for suspending the pension at that time. Returned in 2006 part time to date. Intend to retire…
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SIPP - Unquoted Shares
I have a SIPP with about 50k in it. I am not really looking for it to provide a retirement provision as I have other pension plans ie properties I own. I would like to throw the 50k into a high risk unquoted football club. The returns could be massive but could also go bust and I guess I could lose the lot. That really…
