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Basic question on tax relief
Basic question if I may After I retire I want to continue to contribute to my personal pension with my already taxed savings/cash. Will my pension provider automatically add 20% tax relief onto my contributions or will I need to claim it on my self assessment?
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Pension Credit
I am entitled to claim the above credit but am worried that it may be affected by the amount of savings I have. I haven't got a lot but have an old banger that needs replacing and am wondering if there is a limit to what I can declare if I would be better getting a new car so I can get below any limits before declaring my…
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Pension lump sum figures
Hi My pension scheme uses a simple calculation for working out the size of my pension pot. It is 20 times my annual pension figure + my lump sum figure (in my scheme I am given 3 times my annual pension). In simple terms the size of my pension pot is 23 times the annual salary. I'm assuming this pension pot value is the…
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Pension Transfer Bond Maturing - advice please
When I no longer believed I would return to NHS I transferred out my first 8 years Was aware of risks etc etc. That was a long time ago. This transfer bond matures in 2 years time (age 55). Current value are Pension fund £20615. What are my options at maturity - do not need pension yet. Invest with Hargreaves - Lansdown…
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Pension transfer - Private to Government
I've just started a job in Government and have the option of transferring my private pension in to Nuvos. I'm male/49, and have a pot of £226k. I'm being offered a pension of £20k, plus a widow pension of £7.5k. This is index linked (presumably to CPI?) and payable from age 65. This seems an attractive offer to me,…
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Over taxed?
I have a RAF pension of 12k per year. I also earn 60k per year in my new job. The Tax Man takes 40% tax from my pension and 40% tax on my salary. Would making the pension my primary income help reduce my tax? Is ther any way to reduce it? I will pay what I should but...... 3 grown up kids to support....:( Appreciate any…
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N.I Contributions
I have just received a statement saying that as at 6 April 2012 I have 25 years qualifying years and I reach pension credit age on 6 March 2014 when I will be 62.If i stop looking for work and apply for pension credit will I be given contributions or do I need to be looking for work to get NI cons?
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Private sector pension contribution rates
Hey - hopefully this is the right forum... So I've been offered a new job in the private sector and wonder if the pension rates I'm offered the norm. Bit of background (skip if you want). I'm currently on ~£40k in the public sector, looking to move to a new job on around ~£45k. The non pay benefits are less in the private…
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Pension management fee wiped out investment
My father had a pension fund sold by Zurich many years ago, after being made redundant he stopped paying into it. Over the years the management fee has been greater than the invested return, a few months ago he received a letter from Zurich to advised that the balance of the fund was now £0 and therefore the fund was…
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Pension transfer
I have two pensions; one a £17k stakeholder; another £50k company AVC with no ties. Do any of the SIPP providers offer any inducements to move these and when do the offers tend to be given?
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Pension advise
Hi, bit confused by pensions, really think they should teach this sort of stuff at school rather than maths that you never need to use once you've left. So here's the situation; I started my pension when I was about 30, I only pay £100 so I appreciate it won't be much (42 now.) I have been concentrating on paying my…
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Best way to buy pension
I would be interested on the views of others on the best way to spend £9,500 with the intention of maximising wealth in retirement. Situation : Married couple both aged 56, both intend to retire at 57, both good health, both ISA'd out for many years, both 36 years NI. Option A Buy additional pension in female’s (state run)…
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Trying to Increase contributions.
Hi all. I currently have a stakeholder pension with Scottish life. It was a company scheme, but after being made redundant in 2008, I carried on paying into it.! I recently enquired about increasing my contributions, but was told I can't as it's a continuation scheme, in order to increase contributions I would need to…
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Offshore Pension Funds
I have been working in the Middle east for a few years and started an offshore pension fund with a Jersey-based company. The monthly premium is currently paid from a UAE bank account but I plan on returning to the UK in around 18 months but need to be able to keep the payments up. Usually, once residency is cancelled in…
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Problems Transferring a Pension
I've been trying to transfer a old work pension since mid January but am having problems and my old work and currently refusing to do the transfer though have agreed in principle. They are saying they need a HMRC document from Virgin but Virgin say they have sent this 4 or 5 times and have given them permission to contact…
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NHS pension & emigration
Just stumbled across this forum whilst trying to find info on the NHS pension scheme, having spoken to my sister-in-law about our advancing ages and retirement etc. I'm having trouble finding relevant info on the NHS pension website. So here goes. I worked for the NHS as a mental health nurse for just short of 10yrs,…
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Class A Acc, Class B Acc
I have some pension funds invested in Neptune Global Equity. I pressed Xafinity to provide the complete code for the fund. This is ISIN GB0030679160. Now that fund is Neptune Global Equity Class B Acc, having a very different price to that listed as Class A on the Hargreaves & Lansdown site. What does Class B mean? Where…
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Annuity Services.
Has any one heard of, or had dealings with "Key Retirement Solutions Annuity Services"? I have had information from them, from an online enquiry, but obviously do not know any thing about them.:beer:
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LGPS question about transfers
Hi LGPS member here, shortly to change jobs which means I have the option of transferring my accrued entitlements to my new employers' scheme. As this change will result in a drop in salary of about 20%, my hunch is to not transfer in but instead start a new pension afresh. I think this will 'lock-in' my current pension…
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Options for (lost) matured pension plan once found.
I am in the process of tracking down a pension for my OH. The basis of my post here is to establish what her options will be once I find it. The background to this is she was made redundant in c1989 by a leading accountancy firm. On the advice of a financial advisor (who we cannot find now) she put her pension pot (c£28k)…
