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Pension advices
I am 51 andvhave not paid any attention too my pensions of which I have 2 both are with aviva bothe stakeholder plans one has a fund value of 55k the other has 17.5 can /should I merge them and can change them to get a better return I'm a bit naive when it comes to this sort of thing ,with the larger plan which was with an…
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Should/can I merge pensions?
Hi I have three different pensions from three different jobs, all of which the employers contributed to too (before the LGPS came about). I am currently on maternity leave and unemployed. They don't equate to very much (approx £12000) The question is do I just leave them now until I am ready to retire? Or would they be…
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National insurance on Bt pension?
Since may I have been recieving my BT pension whilst still working full time for another employer having left bt in 1992. I am paying tax on my pension but so far no NI which I only pay through my ft employment. Should I be paying NI on my pension as well?
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Drawing pension whilst still working
I'm 60 and still working, earning close to the 40% tax threshold, so to keep things simple let's say I'm earning £41,450 pa, so about £3454 pm. I pay 7% into my pension, which amounts to approx £193 I pay each month, after the 20% tax relief. I am about to start drawing an annuity of £3288 pa, so £274 pm gross. The main…
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Old employer closing scheme = Options
I left my old private sector job about 7 years ago now and kept the company pension running. I now work in local government and am in the LGPS. Pack today in the post saying the old employer is closing down their scheme and I have 3 options. I have £16,500 in the scheme. Option 1 - Take the money and invest it myself. I'll…
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Not sure where to start...
Hi, I'm 34 and employed PAYE for 3 days a week and the rest is self employed. The PAYE role is new and they offer pension contributions so I really need to get something going. My boss suggested a Stakeholder scheme. Does this sound like a sensible option? Do you still get the tax relief on the Stakeholder? Also, I was a…
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Beneficiary of a pension fund
My late Aunt had a SIPP pension fund - earning her an annual income for which she paid appropriate 40% taxes each year. I think it was a Drawdown income fund. She told me how much was in it and how much was received each month. Sadly she died recently and i have been told that the investment manager is going to liquidate…
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Completely bewildered
Hi, I have just turned 30 and despite being employed solidly since I was 16 I have not yet set up a pension :eek: I did 'opt-in' to the NEST pension though I'm not convinced that the contributions will be significant. I am considering setting up my own pension plan, though my employer no longer offers one :( I am…
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What is the riskiest thing I can self-invest my pathetic little pension pot in?
Hi everyone, I have about £15K in a pension fund currently "invested" with a big name provider in some kind of "lifestyle plan". I have not been contributing to it for some time, and nor can I currently afford to. So I want to transfer it to a SIPP, and invest the lot in the riskiest vehicle possible. :D I appreciate that…
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AVC lump sum - taking it at 55
Dear Forum I'm new here, so forgive me if this one's been discussed to death; I hope it's a simple query to answer. I've been in a local government pension scheme for 25 years. Some years ago, I was persuaded to start paying into an AVC fund with the Prudential, under the mistaken idea that I was buying extra years; of…
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Large Employer/No Autoenrollment?
I'm just about to start work for a large private healthcare company as a nurse and thought there would be some kind of company pension scheme but it appears otherwise as my contract specifically says that there is no employer pension scheme and the employer pays no contributions, only that they will provide details of a…
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ReAssure are not reassuring!!!
Anybody familiar with ReAssure Ltd? I have a very small pension package with them. Thank God it is only a small package! I think I might be in for a battle to get anything out of them at all, judging by online reviews (which I should have read waaay before I finally retired). Luckily, my main company pension is safely away…
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work pension an isa's
can you have a work pension an a isa without pension getting lowered or any tax effects??? also if you only have a state penison an have a isa account would the money in your isa effect your state pension money??? please help!! thanks :)
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Qrops
Dear Forum team I have a question re QROPS. I was a prinicpal lecturer in art & design at a university in the UK for 22 years. During that time I paid into a pension which is now worth so I'm told £160 - 200,000. I took voluntary redundancy two years ago and moved to France. I have since been contacted by the deVere group…
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Need help with joining new pension
I was given a HSBC pension with my previous employer as they were contributing a percentage amount into it. I was not contributing anything myself on top. The pension was a private pension so that if/when I left the company, I could still use the pension to make my own contributions. Since leaving the company, I've wanted…
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SP2 Contributions
I realise everyone has now been contacted back in now but i have a fund that i have paid into for years and it has built up to £48,000 I noticed my yearly amount of SP2 payments goes into my fund on June 1st every year. What i want to know is what happened to my payments from April 2102-2013 as nothing has gone into my…
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NEST fraud costs members £1.45 million
The NEST auto-enrolment scheme members suffered a loss of £1,446,000 due to fraud around the end of last year. The money didn't come from members but will have to be paid for by them. The loss represents £4.82 of loss on average for each of the 300,000 customers of NEST. This was "supplier bank mandate fraud", where the…
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Am I missing something?
I have 10 years to go to retirement at 65. If through my contributions to the Company defined contribution pension scheme I have a pension pot of £100k that will get me an annuity of about £3k per year (very approx.) so I would have to live to 98 (very unlikely) to get my money back. If I'm lucky and live to 80 (likely…
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Swotting up on Pensions
I will start a new job next month and will be working with Pensions. I don't know much about them but would like to fill in some of the gaps in my knowledge between now and then. Any ideas of what to read to do this? I was thinking getting some of the broadsheet newspapers on whatever day is their finance day (Guardian,…
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Contracted out contributions
I have around £40k of monies in a separate pension fund, all of the monies within this fund are from my decision to contract out. Before I ask the provider (Aegon) what guarantees are applicable to this fund, what should I be looking for? I have in the back of my mind that these funds undertook to pay no less than if I…
