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Work / Private Pension
I recently spoke to my boss about him providing a pension for me and he asked his payroll company and they said that he won't be "forced" into the government campaign until sometime in 2017. He said his payroll said it would involve too much paperwork to do it before he actually had to, but my boss said he was willing to…
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Trivial pension pot lump sum at 55
Hi there, My pension with Zurich (personal Pension) starts in a few months time on my 55th Birthday. I started it at 28 and elected 55 retirement age. My question is that the pot is only worth approx £14,800:00 and is classified as a trivial amount (no other pension plans just this one) so can I take all of it at this age…
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Is it worth taking out an NHS pension at age 54?
I am about to start a new job in the NHS. I have never had a pension. Would it be financially worthwhile taking out an NHS pension now at the age of 54, (55 in April)? Thanks for any advice.
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Starting a teenager's pension
My son, 19, is just about to start a job on £12k pa and will be rolled into NEST over the next few years which will include a contribution from his employer of 3% which he will match. He is keen to start a personal pension as he realises this will not be enough to allow him to retire in the comfort I now keep him and is…
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Pension Transfer Value
I was only in my last job for 14 months and got my pension transfer value (for transferring to my new employer's scheme). The transfer value is £1440.21. Further down on the form, it says: "Amount of pension that the above transfer value would buy: £212.01 p/a" Does this mean that it equates to £212.01 per annum once I…
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GAR pension illustration
I am about to take my GAR pension. The pension company have sent a number of illustrations which seem to be based on the same rates, so it looks like I do have a real choice. Obviously not taking the lump sum is a no-brainer. There is the base option - no lump sum, no increase: £15K They then give a 3% increasing option of…
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Limited Company - Pension Contribution
I am single, 51yrs old IT contractor with a limited company( on 40% tax band). I have a personal pension with Scottish Life (£50k) and currently contributing £400 monthly. I also fully fund my SS ISA (with Cavendish Online currently at £49k). My cash ISA from previous years is with Nationwide (£46k) and earning a pitiful…
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Retirement planning for dummies
I am in awe of those on this forum who have so much knowledge of financial planning. I have to be honest and say that so much of what is talked about is way over my head. Is there a book that folks would recommend where it assumes you know nothing? Sorry, there is no doubt threads asking the same but I am also rubbish at…
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Best place to hold low cost tracker funds, post RDR
Hi all, My wife and I currently have pension pots of £75k and £85k respectively. Mine is in a Skandia CRA and my wife's is in an HL SIPP. From 5 April 2014, the HL SIPP will go up to a 0.45% fixed charge, and the first time I change the monthly payment, or fund selections, or make a lump sum payment, the Skandia CRA will…
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Aging relative - pension, ISA, investment advice please
My aunt, who we look after, has in the last 18 months taken it upon herself to sort out a new will, arrange a funeral and nominate myself as PoA. All good and very sensible.:) The other day she gave me a couple of carrier bags full of correspondence to sort out and look after. This process has revealed that she is sitting…
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Should I get a pension?
Hello, I'm a 26 year old currently without any form of pension. I'm wondering if it's something I should start looking at now even if I can only afford to put £20 away each month? I always led myself to believe that if I got on the property ladder early and bought more property the elder I got then I could use these as my…
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TXU energy pensions.
I'm in the process of sorting my aunts financial affairs out, I have LPA. She had a pension after working for years for Eastern Electricity. The only paperwork I can find is dated 2002. Anyone know who this company may be under now.
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Small Pension Pot
Hi, My MiL has a small pension pot (approx 5k) after working in a shop for the last few years. She is 67 so looking at giving up work but I'm not sure it is worth her buying an annuity with this amount. I understand based on the size of her pension pot and age that she could take this as a triviality payment but was trying…
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Why do you hate income, and love capital?
I was listening to the BBC Radio 4 MoneyBox Live programme on retirement-income choices. It's available here for a limited period: http://www.bbc.co.uk/programmes/b03vgf4h The show hosted a group of technical experts who fielded calls from members of the public, on the topic of retirement income. What struck me is how many…
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Friends life pension funds
I'm looking for a fund that I can use to put some money into agriculture as part of my pension but can't find a fund that does this. Does anyone know of any investable through a friends life pension? I've looked through their funds lost but find it quite confusing!
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Santander Retirement Investment Account - Moving Funds Elsewhere
Apologies if this has been covered elsewhere, I couldn't find anything by searching. My OH started a Santander (Abbey National back then) Retirement Investment Account when he contracted out of SERPS some years ago. There is about £24k in the fund now, growing at a pitiful 0.4% per year. He has a current pension plan with…
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NICs following withdrawal of ESA - medicals and work capability assessments
My husband has lost his final appeal against the withdrawal of his ESA, and his benefit ends on 19th March 2014. He's not entitled to JSA as I work full time. We received a letter today that says: "When your contribution-based Employment and Support Allowance ends you will not receive any money. We will continue to credit…
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NI contributions
Hi . New to the forum so apologise if my question has been asked before. I read on the site that I only need 30 years contributions to receive a full state pension. I have worked all my life and am now self employed, do I still need to pay national insurance contributions. I retire in 2018.
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Question on loan against house
Hi, My grandparents who are 93 took a loan out a few years ago at fixed 7% rate using as a guarantee their house.. of course every year the loan is bigger as it is accumulating interest and therefore costing them more and more.. At the same time they have some investment in bonds which is giving them hardly any annual…
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MSE News: Hidden pension costs must be revealed, Government says
"Pensions Minister Steve Webb says it's crucial employers' defined contribution pension schemes are transparent..." Read the full story: Hidden pension costs must be revealed, Government says Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to…