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Setting up salary sacrifice pension
My employer offers a salary sacrifice pension.They will put all their NI savings back into ta salary sacrifice pension. :) Spoken to a financial adviser who is related to my employer.They will charge me hundreds just to set the salary sacrifice pension up, but said I could also set it up myself.Think my employer isn't that…
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Can I stop my pension for a year?
At the moment, my teacher's pension comes out at nearly £250 a month. I can't retire until I'm 68 to make it worth my while. There is an option for me to stop it for a year, to save up and help towards a house deposit in my case, but is it really worth it in the long run? Also, are there any other pension schemes that are…
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Crystallised Benefits
Received latest statement from my company pension provider. It says, value of benefits to be crystallised £185059.20. I'm not sure what that means. Can anyone please enlighten me. Thankyou.
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pension /sp2 help
I really could do with some help please hubby 58 worked all his life so has 41/2 years state pension contribution's he has a pension plan and sp2 replacement plan with Scottish widows pension plan Transfer value £1,276 started 1994 retirement age for this plan 60 (we have no idea where this pension comes from and we don't…
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The truth about SMART PENSIONS?
hi everyone! my company have opted everyone into a smart pension and there is a lot of discussion on it at work. i would like to find out how to calculate how much my company earns out of it as they are not going to put any of their NI savings back into the pension pot. Anyone know the figures? regards! c
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Scottish Widows pension & IFA
I am very uneasy with my IFA at the moment because i am unable to grasp what he is trying to do. I have had a pension for some time with SCottish Widows and i pay around £300 per month and it has done very well,since February is as increased from 118K to 133K however he is wanting me to close it down and transfer to a…
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Can't buy an annuity??
Received information in 2012 from a former employer that I have a small pension due to mature when I was 60 yrs old in 2012. I never did anything knowing that my official retirement date was 2017. After receiving another letter, eventually decided to learn more about what I could do and discovered about the O.M.O. and…
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Accountants Advice
Hi, Following on from my previous post regarding starting a pension. I feel I need some financial advice. I don't have any personal savings or pension but feel I need someone to help guide and advise on planning for the future. My husband has a good job but refuses to have a pension, and as I only work a few hours a week,…
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HSBC Stakeholder or Other?
Hi, Some years back my employer offered to contribute to a HSBC Stakeholder pension. I put into this for a number of years before being made redundant. When my employers contributions stopped, so did mine. Since leaving permernant employment (some four years back), I've been working as a hourly paid lecturer. I only work a…
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Restarting a pension
Hi all, I'm a long time user of this website, especially for finding the best ISA deal, but I've just registered on the forum due to receiving a letter from the financial planning company that holds my pension fund. I paid into this pension along with my employer from March 2000 to March 2008 when I changed job, I then…
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Commuting Pension Formula
I’ve been offered VR from work. I’m looking for the formula to work out how much I would get as a lump sum and pension should I choose to commute say 10%, 11%, 12% etc, rather than just the 25% figure they quote all the time. 25% commute = £129,500 plus pension of £15,860
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possible equity release or selling
Hi all Don't know if this is the correct site for my question but if anyone can help, that's great. I am over 60 years of age and I have a very small mortgage left on my 3 bed terrace house. I have no one to pass my house to when I die. House sales where I live are very slow and I would never get back what I paid for the…
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Employer pension scheme - contracted out?
Hi all, Recently joined a new employer. When I've been there for three months I'll be eligible to join the pension scheme which is a stakeholder scheme where the employer will match my payments. The plan states that "a contracting out certificate is not currently in force in respect of the employees employment". Does this…
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12 month post. Should I take out pension?
I've been offered a job for a fixed term of 12 months, in the first instance. Should I start a pension or just spend the money/save it myself? Thanks :money:
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Civil Service pension
I retired at 60 from the Civil Service and my current income consists solely of my Civil Service pension. 1. Can people please confirm what exact date each year the Civil Service pension "cost of living rise" happens? (my pension has been paid to date basically at either the end of the month or the 1st day of next month…
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Bequeathing SIPP
I have a SIPP which is in drawdown. Nothing marvellous, just a few K invested, but I like it. Now, I've assigned it on my death to a granddaughter. But, reading replies in other threads here, I've realised that, as she's not a dependant of mine (although she's frequently on the ear'ole for "help") she'd have to pay 55% tax…
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Mix help wanted
Hi guys. .. need your help again... So this is the situation, my mother in law is living with us, after having many treatments for her cancer and now few years has gone by and she feels like going back to work ,she has cleaning job offer but she doesn't know how to officially go about it,the job would pay maximum 16 hours…
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Retiring from the NHS
Hi I've been thinking about us planning for early retirement recently and have this morning been reading through my husband's pension information. He's in the NHS scheme and a couple of years ago had to make a decision about staying in the 1995 scheme or transferring to the 2008 scheme. He decided to stay in the 1995…
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penasion deductions for contracted out??
My husband will draw his old age pension in October thisyear, in the forecast they have deducted £59.02 for contracted outcontributions between 1978 and 1997, The letter from “HM revenue & customs” shows the last year for contracted out to betax year 91/92, however he was made redundant from that company on 10thJan 91, so…
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Pension opt out - which contributions get refunded?
Grateful for wiser minds than mine: I'm a member of the railway pension scheme. My contract was 9 months with my railway employer. During that time they were making 26% contributions while mine were c. 4%. As I have less than two years' service on aggregate, I understand I can get a refund on these contributions (which I'm…
