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NEST pension tax relief question
Hi If my earnings are less than the tax threshold, e.g i dont pay tax, then will i NOT be eligible for tax relief on the money i put into my NEST pension fund. Also just to clarify that NEST pension fund which is being sorted by my company is the government pension scheme where my company has to pay contributions aswel?…
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AVCs - does anyone else think they are a waste of money?
Just ended my AVC because I felt the returns were inadequate and did not 'bridge the gap' between my part-time pension pot and the potential full time expectation. Feeling somewhat misled. Any thoughts?
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Aviva (NU) With Profits - stay or go?
Hi, I have an Aviva (NU) With Profits pension taken out in 1989. Last contributions 2009, value about £60K including 10% "final bonus", retirement date on policy 2027. Looks like this years statement will be the first for a while without a market value reduction being applied if I transfer. Statement says about 65% is…
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10 years to go- Worth joining work pension?
Hi all, Please can I have some advice? Basically, I had a 'discussion' with a work colleague regarding our company pension. He was saying that he doesn't think it was worth him joining (he already has a final salary pension due from a previous job) for 'just' 10 years and I was explaining that he was basically turning down…
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Salesmens commissions on Save &Prosper pension
I have a pension taken out 40 years ago with S&P. The salesman quoted a 16% average return but told me they were achieving 22% at the time. I took out the pension. After 5 years I checked the figures and discovered that my pension had not moved despite me paying in all that money. When I phoned S&P they told me I had only…
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Pensions advise
Anyone know where I can obtain reasonable pension advise! I have 2 frozen pensions where I have worked for 1 for 11 years and 1 for 7 years. I have not paid into a pension since I left my longterm workplace in 2009! I have worked with charities and the nhs since then on different contracts. I pay into an ISA and have my…
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Vodafone shares in a SIPP
I have got about £300 of Vodafone shares inside a SIPP. How do the takeover payments work for me? I am hearing of there being a cash payout, Verizine shares and new Vodafone shares being part of the he deal.
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National Insurance contribution on pension
I have just retired at the age of 60, I don't intend to work again (maybe a small part time job). I have worked full time for 44 years so I see no problems with my contribution towards my state pension. If I do not work again will my pension have NIC deducted from it? If so at what rate? Help please?!!!
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Self Employed, Pensions Help. .
Hi, I’m 32 and i don’t have a pension, which I’m really worried about. Started my business 3 yrs ago, only now I would be able to put £200-£300 per month away. But I don’t know where and what to do with it, and what’s best for my retirement. I had a financial advisor come round and he’s getting back to me on his findings.…
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pension scheme AND a lump sum confusion.
My university pension scheme (final salary) is a £n AND a lump sum. So, if I take 25% of the lump sum, would the remainder of that lump sum payout pension p.a. , in addition to the final salary pension…? Or, as I suspect, would the 25% lump sum lower final salary pension?
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take all out of SIPP, flexible drawdown?
My family have 2 SIPPS (ie 1 each), which they are ready to withdraw. They have other income but the value of these SIPPS is about £30k and they want to withdraw that and make a lump sum payoff to an investment mortgage. With the 25% tax fee, we are looking at about: SIPP £33000 Tax free: £8250 Annual income £2,110 (=8.4%…
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nhs pension - mental health officer and divorce
Hi I work for NHS and am a "mental health officer" which means I could retire at 55 (3 years away). I am full ypaid up in my pension. I am currently going through a divorce/seperation and so I am assuming that my wife will be entitled to half my pension which is fine. My question is ...when can she start to claim her half…
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Tax code, rental income and tax relief on pension contributions
Hello, Could anyone kindly clarify for me ? Tax year 2013/14 I made a gross lump sum contribution of more than 100% of my earnings into my NHS pension which resulted in my personal tax code being adjusted upward to reflect the tax relief due - I believe this is unusual but this is how it has been done for the last two…
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Old private pension performance
Hello all decided its time to get some advise on my private pension, I worry it is a poor product and dont know what I should do or can do about it. Seems like there is some very knowledgeable guys here who could hopefully help. First some basics, I am a 38 year old man and have been paying into a private plan since I was…
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Pension contribution more than salary
I think I may have made a slight boob. I believe I may have paid more in a recently pension contribution to a SIPP that I am entitled to put in according to the rules. What will happen ? Will it now just get squared up at tax return time ? Or will i be penalised in some way. So Salary = approx £83k Company pension…
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Pension or savings?
I'm very confused and hoping someone might be able to help me out? I am a full time carer for my disabled son and as such live on benefits and have done for the last ten years. My National Insurance is up to date so I will qualify for a state pension but I'd like to start putting a little extra away to top that up. I can't…
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Choice of auto enrolment scheme for employers
I run the payroll for a medium sized charity with 200 employees and we use Sage Payroll software. We were recently told that our current provider, Aegon, would not enrol us because we were too small. So now I am looking at using either NEST or the People's Pension because these are the only two schemes that can't say no…
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Scottish Widows
Does anybody know whats happened to them? In the last month or so, every time i have had to contact them for work it has been a 15 to 20 minute wait on the phone and processes that should take 5 working days are dragging for months
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lost pension
Please can anyone help me?.. My husband had a pension with an old employer quite a few years ago. He had some statements sent out from time to time but they went to his previous address which was his mother's house. Any way when she died his brother got the house and because of a fall out with my husband had thrown out…
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40 year pension fund
My husband and I are quite confused regarding something we have heard and wondered if any one was able to help? My husband has paid into his pension for 40 years, is it correct that any further payments into the same pension will not increase the pension fund pot? Thanks