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couple of pension questions
my 24 year old son has been offered a pension where the employer matches what he puts in. 1] how do you work out how much he would have to put in to get an average pension? 2] if let's say he had a pot of 100,000 and he died a couple a years after he retires,what happens to the pot of money?
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Locking in my Nuvos pension
I joined the civil service in January, and joined Nuvos. There is a fair chance of redundancy hitting in the next year. I'm keen to keep whatever pension I've built up in Nuvos - it is a valuable part of my pay and conditions. I understand that if I'm made redundant before two years have passed I get my employee…
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How are NI contributions covered in this way?
Whilst I am way past retirement, I remember it used to be said that as you approached retirement age, you could submit details to get a projected state retirement pension forecast. If you hadn't enough NI stamps paid in, you were allowed to make a contribution to cover the missing period. If you were self-employed, you…
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Pension and moving into a care home - help.
Hi Sorry I hope this is the right board to ask this question but I have no idea where to begin. My father has just been moved to a care home after a stay in hospital. I have been left to sort out his sheltered housing flat and paperwork and want to make sure I do everything correctly. I just wanted to know if he will…
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deferred pension
Hi I am in need of some help I am 57 and have a deferred pension with an ex employer which I want to transfer but would like to get a lump sum of cash from but my ex employer is refusing me Early Retirement option but says they will give authorisation to transfer it can anyone give me some ideas as to where I transfer it…
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Royal London S2P 25% lump sum?
Hi I am 55 next year and decided to look at my pension illustration! reading it I understood I could get 25%of the fund when I am 55 (approx. £4,000). After I had spent it in my mind Hmm I thought sounds too good to be true. I rang the company and they told me it is 25% of the annuity which would be £125 Ha Ha :( Does any…
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I seem to have just accidentally got some cash out of my pension
And with all tax paid! Nearly a decade ago, I used an IFA to move a variety of St James Place investments to SIPP Deal before deciding a few years later to go DIY and moving again. When my SJP pension was moved, I couldn't make the numbers work and asked the IFA and SJP to check it a few times. I was assured it was all…
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Pension contributions.
I belong to my company pension scheme and have received a letter saying they will be changing my (and other employees) level of contributions as the company will have to offer pensions to all employees under the new government legislation. My company currently contributes 7% of my basic salary (as I have over 5 yrs…
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Old Pension funds
Just a quick question about what happens with old pensions funds I was working for a company for about 3 years where i was part of the private pension scheme, i left that job about 2.5 years ago and have been working for another company paying in to another private pension scheme I used to get the odd letter from the old…
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Scot Wids Pension transfer timescale and SIPP
Hi all, I am new to the forum so apologies if this is not in the correct category. I have a pension with Scottish Widows which I wish to manage myself, with the aid of my son-in-law who is also my Accountant. I have reviewed the iSIPP scheme James Hay has to offer and I am happy with the "in's and out's" of it. I have now…
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Private Pension fund??? Transfer of accrued funds only
Hello, Does anyone know a private pension fund/scheme that will accept a transfer from my employer (who have been accruing and holding contributions for me over the last 5 years). I'm planning to emigrate in the Autumn hence I nor my employer will be contributing any additional monies - bar the above. My employer has asked…
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NEST pension
Hi, I have been automatically enrolled in NEST where my 'employer' a temp agency will also make a 1% contribution. I already have a SIPP and have been managing my own pension arrangements for the past few years as I haven't been in permanent employment. I would like to get the maximum contributions from my employer so have…
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stakeholder pension
hi, can you help, can i take my pension pot as a lump sum, it will only be £17,000 when am 65, am 62 now
