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Is it worth moving my Old Penson to the Teachers Pension Scheme
Hi, I am just starting my first teaching year this year and will be paying into the TPS. I have 10 Years service prior to this where I was paying into a Company Defined Benefit Scheme. Is it worth transferring it in and buying extra service from the TPS? How do I figure out if it is...I only have a deadline of 1 year to…
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pension credit and working
My friend receives pension guarantee credit and for the past 6 months has been working and has not reported a change of circumstances to the pension service. I told her she should tell them about it but she seems to think that the DWP will know about her working anyway. I think she should tell them about it as this will…
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Personal Pension scheme or stakeholder?
Hi, I am in the processing of gathering in all of my old pensions (total transfer value about £128k, all defined contribution schemes) and putting them together in one personal pension for ease of management via Cavendish Online. I have a couple of questions: - would a personal pension scheme or a stakeholder scheme be…
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Best time of tax year to retire
Hi, I plan to retire shortly but I am unsure when the best time for tax purposes - would there be little difference in rebate terms if I go just a month or so before April? Many thanks
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Timing Drawdown commencement
Any hints or tips on when best to plan for drawdown commencement, please? I believe that if drawdown starts at 1st October, then you are committed to remain with an October to September pension year forever (on those crystallised funds) Is this correct? thanks for sharing your experiences on this.
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Work place pension?
Hi, I don't really know much about pensions but have recently been auto enrolled into a work place pension and have a few queries... At the same time they notified me about it they also said I would be getting a pay rise, however, they said they would be using £500 of that (per year) to pay into a pension. Is this normal?…
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Pension provider
I was made redundant in 2009 by Corus (now Tata), I haven't paid into a pension since then, I now run my own business (soletrader), and would like to resume paying into a pension... Can I resume paying into the Corus pot? If not Who are the best advisers / people to talk to?
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pension employer contribution help
Hello, My employer has offered an contribution to pension and asked me to decide what contribution I want to make etc. I am earning 20K a year. I have student loan, tax credits (working and child because I am disabled) and housing benefits. The government website…
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Advice needed please
I have just found out that a frozen group company pension scheme that i paid into for 10 years was voluntarily wound up (apparently a notice was put in the London Gazette?). My last statement was received shortly after i left the company. I have had no communication from any of the trustees ,but I'm still at the same…
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Bed&SIPP options
Hi I am looking for a new pension account which offers a Bed&SIPP option so I can transfer assets held outside of a pension wrapper. Apart from HL which I know offer this can anyone recommend other platforms (advised or DIY) who offer this. My current advised platform are not sure if they can do this and Fidelity whose…
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Joining NHS
Hi All I will be starting an NHS post next month after nearly 10 years away (have a frozen 1995 Scheme Pension). Therefore I will be starting a new 2008 Scheme pension but with the plans for a New pension scheme starting I 2015, will the contributions made into the 2008 pot be transferred to the 2015 scheme or will this…
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Part-time work and private pension
I'm thinking of semi or flexible retirement where I would work 2/12 days a week and be retired on my private pension the other half of the week. What I'd like to know id how I am taxed on this. Does the IR add my two gross opays together and take my personal allowance off that or are the two incomes taxed separately and…
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can any one help with AVC's
I'm currently a member of the LGPS2008 soon to be LGPS2014. I attended a meeting today about the pension scheme and the chap briefly mentioned AVC's and have 2 questions as the guy didnt want to get into AVC's or have time to. He said under LGPS2008 members who pay AVC's can at retirement age (65) withdraw 100% lump sum.…
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Advice on new police pension please
Hi there I appreciate that the Police pension is a very good scheme, however I was just looking for some advice in relation to the impending changes to it. I am in the 1987 scheme but only have 12 years service. I understand that when the new scheme begins, in 2015, all that I have accrued, under the 1987 scheme, remains…
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Pension Transfers. Seeking compensation. Not advised fully.
I have been in contact with a company over a pensions Transfer I made in 2008. They are saying that I may have a case for compensation and they will take up my case on a ‘no win, no fee’ basis. They even sent an illustration of how they won a case. I feel I have nothing to lose by employing this company who are regulated…
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Pension maturing
Good day, My brother has been paying into a pension with Prudential. He is approaching 55 this year and they have sent him a pack telling him that he will soon need to decide what to do his pension. He told me that when he started the pension, the nominated age was 55. He is currently still working. I'm just helping get…
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where to learn
I don't get pensions. I read somewhere recently that the average pension pot at retirement is about £37,000. Now I don't know how reliable that information was but it got me asking how on earth that is meant to sustain someone for the next 30-40+ years of life. It will be different for everyone as some people live more…
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Practicalities of transferring old pension pot?
I recently started a new job, but won't be eligible to join the company's pension scheme until completing my probationary period (they'll only be starting auto-enrollment in the summer). In the meantime, I have an existing pension pot arranged by my old employer, which I mentioned in thread ID 4776157 (can't post links yet…
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Pensions - DIY?
Hi I'm in a final salary scheme pension (USS one) and as I work PT for my employer as well as my FT role, I pay contributions from my PT salary too. It doesn't count towards final salary but increases my time if that makes any sense? As the returns/benefits from pensions seem to be eroded every year I have started to…
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Retiring advice needed please
hi everyone not sure if this is the correct area of the forums, my question is related to retirement so here goes. my wife is 63 and is technically retired, she gets her stated pension each month. she also has a part time job at the local school which she was doing prior to reaching retirement age, which she gets paid…
