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Confused over annuities
My question is that out of a pot of £80000 should i take my 25% (which i don't actually need to spend at the moment) so that I can reinvest it somewhere-where?) or keep the whole sum intact in order to get a better return? I am inclined to look at an invested annuity for the sum as level rates seem so low and I hope to…
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Legal & General Stakeholder Pension Funds
Morning all, Any experts on Legal & General Pension Funds out there? My company stakeholder pension is invested through L & G and I'm informed that they will invest all monies (from both company and myself) into a Multi Asset Lifestyle Profile fund unless I nominate a different fund/s. I have been told that the rates…
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Pension Credit and inheritance.
I've reposted this here in the pensions section as I first posted it in Benefits and Tax Credits, and I think I may have posted it in the wrong place so got no replies. If a man of 62 is in receipt of Pension Credit and he inherits money that takes him above the £10,000 threshold, can he use any of that money to buy stamps…
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Widows pension and co-habitating
Am I right in thinking that a widows pension will continue to be paid for as long as the woman remains single. If she should move into a living together relationship and not marry can she keep receiving the pension.
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Salary Sacrifice help
Hi I'm trying to work out if I should opt out or allow myself to be auto-enrolled in a new salary sacrifice pension arrangement that my employer is switching to shortly. I've tried a few online calculators (most seem to be aimed at advisors or don't quite do what I expected) and am pretty sure the net position will be…
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company pension schemes cheats
hello this article says that company pension schemes may be cheating you http://www.independent.co.uk/money/dont-join-company-pension-schemes-without-advice-1341132.html however it is a bit old (1996), does it apply now? or are there any other reasons for not joining a company pension scheme? thanks
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Pension sharing agreement advice please
Following divorce, I set up a pension sharing agreement with my ex for half his pension. I am now trying to transfer this into a new personal pension (it's a company pension) in my own name. The company are demanding £780 "admin fees" and want bank certified copies of my birth certificate, passport and marriage licence…
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Pension advice
I have a friends life policy which has been in existance for ages but to which I have never contributed. The transfer value is around £8900. I have looked and seen that Friend life is not performing that well. Should I tranfer the money and hold a SIPP with someone like HL or should I top up what I already hold. Either way…
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Armed Forces Pension into LGPS?
Hi folks, I've just started a new job and have transferred 3 pensions into LGPS. This transfer has earned me circa 14 years... The bit I'm losing sleep over is the fact that I've transfered my RAF pension over! The RAF pension would of paid £2,835 Pa plus 8k grant at 60. The LGPS have offered £6532.90 Pa but does not state…
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Pension payments via company or not?
Hello, I have been reliably informed (by Mumsnet!) that this is THE forum to post questions in as you are all really helpful. Thanks in advance for any info or advice. I have two pensions from previous employments (where there were employer matched contributions) but currently am paying into neither, mostly due to having…
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Pension Advice
Hi, For a bit of background - I posted here a while back looking for advice on how much I should pay into my pension. I received some top notch advice (Thanks Lokolo & hugheskevi) to get the most out of employer's matching scheme. I've now upped my contributions to 5%, so I get 5% (maximum) 5% matched. My situation is…
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Pension or lump sum?
I'm 56 and taking redundancy at the end of the year. I can draw my final salary pension, but would like some advice on whether to take an increased lump sum or maximum pension. The pension is c£15,400pa and I can swap about £600 for a lump sum of c£11,500. Iwill be getting a lump sum of c£70,000 and I intend to find…
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Wait for payrise before taking pension?
Is it really worth hanging on for a nationally agreed payrise (likely to be 1%) to be implemented before retiring or does it not make much difference in a final salary scheme.
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Should I defer or not?
I have 2 section 32 policies which I can take at 60. I can defer them at a rate of 1/7% per week, which I make 7.4% per annum. I don't need the money at the moment. Should I defer or should I take the money and invest it? Thanks for any opinions!
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Stakeholder Pension & salary sacrifice
Just some advice/confirmation if I can. Having read through some of the threads on here, can I take it as read that it would be sensible to match my new employers pension contributions (with salary sacrifice) when starting in our company scheme? Company are only offering 6%, but it seems to me (unless I am missing…
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Welcome back dunstonh!
Nice to "see" you around here again.
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Insistent Client charges
I have recently been informed by my financial advisor that if I wish to proceed with a pension fund transfer against his advice, he will follow my instructions but will impose an "insistent client" fee of £1500. I understand that charging an insistent client fee may be appropriate in some circumstances, and is I believe…
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Personal Percentage % contribution
You always read suggestions you should contribute roughly halfyour age as a % to pensions. I am 29 so let’ssay 30 equates to 15%. Is this 15% of my gross or net? Is it 15% minus my employers contributions which iscurrently 5%? Is it 15% before tax relief or after? I currently only contribute 4% before tax relief. I have 2…
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Employer overpaid into pension
My employer overpaid into my (and many others) pension over a period of time. They then realised, stopped the overpayments and arranged a pension holiday whilst still claiming my contributions through salary as gradual repayment of the overpayment. However I have now left the company part way through this repayment, with…
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Some advice please?
Hi I was wondering if I can get some advice? I'm currently working on a temp contract that ends at the end of jan 2014. I'm being offered the NEST pension through the agency with 1% from them and 1-5% from me. I am unsure yet if my temp contract will be extended or if I will get taken on permanently by the company I am…
