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Wife's Pension
My wife and I were recently both made redundant and decided to retire early rather than look for new jobs to help look after her ageing parents. I arranged a drawdown pension, took my tax free sum and will take income from the fund in about 2 - 3 years. We are both 59. My wife has a pension pot of only £30K and she could…
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LGPS, non-income-tax payer, and tax relief
I've been to help an LGPS member analyse the benefits of an additional regular contributions contract, and I'm failing to understand the tax treatment. The scheme's documentation on the ARC payments states that they're deducted from pay before income tax is calculated, thereby giving instant tax relief at the employee's…
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Late payments into pension
My employer has recently started a new auto-enrollment pension scheme. Employee contributions have been deducted from my salary in the last 3 months but so far only the contribution from my August salary has reached my pension account on 1st October (over a month after it was deducted from my salary). At the moment my…
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What to do with £11K AVIVA Pension pot
Basic suggestions on what to do with £11k AVIVA private pension pot Please I retired at 60 and took both my Company and State pensions I am 65 in December and have a private pension with AVIVA with about £11k in it. I deferred it at the time but its come round again now What would you do with it ?
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How to transfer out of a with profits pension fund?
I am looking to transfer out of with profits pension fund into a different fund altogether. I understand that the transfer value can vary depending upon the position of the fund at any given time. Is there a way whereby I can instruct the pension fund only to transfer out if the value of the fund is say within x% of its…
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Advice on company pension
hi there, I'm hoping for some quick advice on our company pension scheme. We have approx 45 staff of which 20 are currently enrolled. we pay in around 3k a month (in total for all staff). With auto-enrolment coming we are reviewing our scheme. Our current one is with Friends Life (FL Balanced Index Fund of Funds). We are…
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Need help - DD payments for 20 years
Hi - am hoping someone can give me some advice. My dad has just told me he has been paying some kind of life insurance or pension for me for 20 years at approx £90 per month. He presumes it was when he helped me out years ago by taking over my mortgage and endowment policy. The company was the Prudential and he or I have…
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Scottish Widows pension - 24 years to retire
Good morning all, I'm after a bit of advice\direction on where I should be heading with my pension planning. I am currently 31 and would love to retire early at 55\60 with a decent pension pot. I put away about 16% (£600) of my salary into 3 Scottish Widow funds. These are listed below. Fund Name Units Bid Price (p) Bid…
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Please delete
Apologies.
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How much is needed for a pension?
Is there a way of working out how much to put in a pension to the return? I'm thirty eight and a half now so would I have to pay a mega amount to catch up with normal savers?
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Pension tax relief
Hi, I have paid a substantial amount directly from payroll into my occupational pension last tax year via salary sacrifice and this year as part of a redundancy package (42K each year). In both cases my P60/P45s shows taxable earnings under the 40% threshold. Does this mean I am not a 40% earner for both years in terms of…
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Local Government Pension Scheme-extra contributions
Some advise please. My partner (52 next b/day) works at a school (£18000pa) and pays into the LGPS. She wants to bolster her retirement benefits , is it worth paying extra into this or would it be better to save elsewhere? Thank you.
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Top up or leave alone
Hi I am 50 years old. i work in Germany and pay my taxes there. I have two pensions that are classed as 'paid up. One is valued 31/03/13 @ £54K paying a potential £2490.00 yearly pension at 65. Aegon Fund: Universal Bal Col. Second is with Thales UK Pension Scheme - preserved pension Valued Feb 2013 £15,455 yearly pension.…
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Employer Has Changed Pension Plan
Hi all, I after some very generic pension advice. 5 years ago I signed up to the work Group Pension Plan which was with Prudential. My employer and I paid in 6% of salary to the Prudential Stakeholder/GPP during this period, however my work has just discontinued it and set up a new Stakeholder pension with Zurich this…
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pension help needed
can anyone please tell me the difference between a terminal bonus and a final bonus in relation to a section 226 with-profits prudential retirement plan, started in 1977 and due to mature shortly. The Pru claim that only a final bonus is to be added to the annuity, but i have bonus statments from the 80s and 90s, clearly…
