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Drawdown boost as August GAD rate up to 2.75%
"Drawdown boost as August GAD rate up to 2.75% ...... " next month's higher yield could "be the catalyst" to trigger income reviews to lock-in a higher limit." Read more: http://www.ifaonline.co.uk/ifaonline/news/2282622/drawdown-boost-as-august-gad-rate-up-to-275#ixzz2ZII9hG00 I can't access the HMRC GAD rate tables and…
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ONS Date on Pension trends
Some statistics just published by the ONS on pensions: http://www.ons.gov.uk/ons/rel/pensions/pension-trends/chapter-6--private-pensions--2013-edition/index.htm l http://www.ons.gov.uk/ons/rel/pensions/pension-trends/chapter-8--pension-contributions--2013-edition/index.html
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Help - forced transfer
Hello. My wife has received an email from her prior employer stating that as she left with less than 2 years qualifying service her pension pot with them must be transferred. Problem is she left to go on maternity and is still a Stay At Home Mum. Can we open a personal policy for her without a regular payment just to…
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Getting worried about pension day
I was born 25/06/1949 so will reach state retirement age next year 25/06/2014. In 1969 I entered employment and remained employed until 1997 with two different companies. I was paying into a company final salary pension scheme until 1997. Opted out of SERPs. I never missed paying NICs. In 1997 I became self-employed and am…
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Drawdown as an investment?
Hi can anyone offer any advice please? My parents are in their 70's and are considering the advantages of a drawdown investment; can anyone advise on this?
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Can I unlock some of my pension
Hi All I used to work for the local authority, I started on an apprenticeship & then had 7 years full employment (on a full salary). I paid into a pension from day 1, even when only on an apprenticeship wage. I moved around various departments & decided to leave the authority so I could continue my career in accountancy.…
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Purchased life annuity- value?
Does anyone have any opinion or experience of these products? I only recently stumbled upon them and was wondering how they compare to simply running down your capital from a savings account? Do they pay a premium for giving up your capital, although in reality it is, or could be if you don't die early, paid back. Or is…
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Public sector Pension union claims re dismissal
My husband is being told (in writing) that the government is changing his pension scheme just like many of us have had changes to already. However the FBU claim that if my anyone in future is dismissed under 'capability' i.e. age 59 they are no longer pass the fitness test for the Fire Brigade that they will also leave…
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Leaving NHS pension after max qualifying years?
Hi I have a colleague who is 55 and has Mental health Officer Status (i.e. he could go now but is planning to work for one more year. He has the maximum qualifying years i.e. 40/80ths but is continuing to pay into the NHS pension scheme (1995 section). He pays approx £350 pcm into the pension but given that he is not…
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"Water Board" pension
Hope this hasn't already been answered - I struggled to think of good search terms when looking for this.... Chatting recently to my mum, I realised that she doesn't get any pension from when my dad (deceased) worked at the Water Board, as it was then called, nor did he take any pension when he was alive. I guess this…
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sipp: best online arrangements
I want to consolidate, next January 2014, three small pension pots into one sipp that I manage myself online. The total value of the pot will be about £80000. I have the time and energy to run my own, and am not planning to invest in anything exotic, a spread of conventional funds will do me, though I would prefer ethical…
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SIPP that allows investing in Index Linked Savings?
I would like to invest in NS&I Index-Linked Savings via a SIPP. The goal is to build up a secure pension pot, with above-inflation returns each year. But the problem: I can't find a SIPP provider who will let me do this. Does anyone know one? Thanks for any help!
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Share Incentive Plan-Definition of Retirement?
Partner aged 54 looking to retire in next 12 months or so & currently in an employee Share Incentive Plan. Struggling to gain a definition of 'good leaver' under Share Incentive Plan as it maybe she won't need to draw her pension but doesn't have any intention of taking up alternative employment. This is key due to the tax…
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How. Much should the tax be?
My step mother in law has just got her pension after fighting who should be paying it and won. She got a £61000 lump sum and something like £175 a month or something. The thing is on the 61k they have taxed her 24k does this sound about right or sound way to much?
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Passive - Total Global Assets Funds?
Does anyone know if there are any funds which are completely passive and just track the global world assets? i.e. multi asset but simply tracking worldwide equities, bonds, maybe property in their actual world weightings etc. Ideally non ETF as would need to access through ARC and ETF's would require an IFA. The nearest I…
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Can I draw pension early ?
I wonder if anyone can help ? At 53 I'm under threat of redundancy, part of the redundancy package my employer offers to the over 50's is to put 10 years pension contributions into my pension pot. Will this mean my pension pot would = age 63? can I draw my pension early, or do I have to reach state retirement age before…
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Can i claim my pension early
:wave: I became sick and am now permanently disabled. i have a private health fund, can i drawn on this early?. I am 51 years Young :)
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national insurance qualifying years
I understand that you would have to earn at least £5668 during this tax year to make a qualifying year for the state pension scheme. this works out to £109 a week. As you do not have to pay NI until you earn £149, does this mean that you still get qualifying years even without paying NI, if you earn say £130 a week? Hope…
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Pensions
I am already in receipt of a civil service pension but have an additional volentary pension pot due in two months time when i am 60. This has a pot of £16000 as this is under the £18000 threshold can i take it all as a lump sum?
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state/private pension question
hi all i have a relative who has been retired for almost a year on a state pension and a privtae pension, they are getting quite bored and have been offerd a PT job at 20 hours per week. Now the money being paid is just above nat min wage so not as good as the pension, are you allowed to legally claim pensions and work pt…
