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Pension Tax refund
I pay into NHS pension but i have also opted in to topping it up and pay extra monthly to do that. For various reasons I have to do Self Assesment Tax form which I do myself. I am a higher tax payer - 40% I am wondering if my extra payments through PAYE are actually taken into account? I don't declare on my self assessment…
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pension credit
I am in the process of applying for pension credit and want to know what will happen to my partner who is 10 years younger than I.Will she stop signing on the same time as I as we have a joint claim for JSA and we will be claiming jointly under Pension credit?
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To estimate a joint-life annuity rate?
Can anyone suggest a method for estimating joint-life annuity rates? It's fairly easy to get an indication for "standard" couples, where, for example, the second life is three years younger than the principal insured -- these can be found for various principal-life purchase ages. At 65, a joint-life, index-linked annuity…
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Pension - How much to out in? When to retire?
Hello, PENSION CONTRIBUTION PERCENTAGE? I have been offered a new job. As part of this job I get a pesnion into which my employer puts in 6%. I have the choice of how much to put in of my salary but not sure how much I should be putting in? In my current job everyone else contributes 7% so i just went with that. However, I…
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Prince Charles`s State Pension
Now that Prince Charles is 65 I was amused to read that he is donating his state pension to charity but as he has a private income and would not presumably have paid NI contributions he would surely not be eligible for a state pension.
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ABI interested in retirement information.
https://www.abi.org.uk/Insurance-and-savings/Topics-and-issues/A-new-retirement/Call-for-evidence https://www.abi.org.uk/Insurance-and-savings/Topics-and-issues/A-new-retirement/Consumer-survey
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Time to see an IFA
5 odd years from early retirement and have decided I should get some 'expert' advice on my investment strategy/plans. I like to think I am pretty clued up in the area of pensions, investments and tax but its time to make sure I am on the right track and have not missed anything I will regret later. First step is to find an…
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National Insurance in Early Retirement
If someone semi retires at 55 and earns £25k from employment plus £15k from pension drawdown, is the pension income subjected to National Insurance or only Tax?
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Any tips for my sips??
Hi everyonejust after some opinion and views on where all ofyour smart money is from 2014 onwards.... Basically i have a workpension with sl where I put 80 into a month, my employer puts 40 and I recieve around 20 in tax relief to a total of about 140. I wish to keep this in there managed fund as the returns for the 2…
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Annuity v Buy to Let
I would like to purchase a buy to let property rather than an annuity. To do this however I would require virtually all of my pension. I understand that I can only take 25% of the value tax free. Is there any way I can use the full value of my penion to buy the property without paying tax at that point? Obviously I would…
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Workplace pension providers
Has anyone found the best and/or lowest charging provider yet?
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ReAssure Ltd
HI I ve had a letter from ReAssure Ltd saying they want to give me some money that is owed to me from an insurance I had previously had with another company that they bought. They are aking for details of the insurance policy and the details of my bank account to refund the money to. I dont believe it (its too good to be…
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pension at 55?
I have 2 pension funds that i dont make cont.to one worth around £3k the other £20k,i havent been able to work for 15 years and have a number of health issues Q. would i be able to take the tax free 25% when i`m 55 next feb but not the pension(in other words leave 75% to continue accruing?)
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NHS pension - and moving on
Hi, I work for the NHS, I hasve only been employed approx 7 months and have got a new job outside the NHS. I wondered can I request my pension contribution back so I can invest else where ?
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Pension Planning
I'm looking to retire in 3 years (55). I have a personal pension, fund ,should be around £200k by intended retirement age. I'm looking to obtain an income of £1500 net per month, so current annuity rates should give me around 50% of my target. I have £120k in bld society but also both cash & S&S ISA's valued around £70k…
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Civil Service Stakeholder Pension - Choices
Hi there, I am seeking some general advice on pensions. I am 28 and am in a fixed term role for 11 months in the Civil Service. We are offered two types of pension: Nuvos and Stakeholder. As my role is less than 2 years I am not eligible to take the Nuvos pension. I am eligible to take the stakeholder pension. My employer…
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Any advise - SIPP with standard life.
Quick backgound:- My company is closing a DB scheme and replacing it with a DC scheme with Standard Life. I'm involved in the committee to over see the change. One thing we pushed the company for was to include SIPP as an option for anyone wanting to go this route. They were not keen at 1st but have now relented.…
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Pension not sure what to do
Hi I have had to stop work for a while due to mental health and I have two pensions. One is a personal private one and one is where I worked until recently. I don't get much on disability and I'm not sure what to do with them. I have told the personal one I'm not working but they said they will still deduct a fee. The ex…
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If I am unemployed from age 30-67, is there any way to get full state pension?
I doubt if there is, but if I don't work from age 30 to government retirement age (think its 67), I would only 1/4 of the state pension right, as I've worked around 10 years (age 20-30) Is there any way I can get the full state pension when I turn 67? I've heard of something called voluntary contributions? how much would I…
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Pension for 23 year old
Hi, My partner has just got a new job as a nanny and would like to setup a pension. This will be on an employed basis - obviously she doesn't have access to the government backed pension scheme so would need to setup her own. How would she go about doing this? Is it best to see a financial adviser, could she get some…
