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Financial adviser charges
Hi, I wonder can anyone help? In 1988 I was told our company pension was closing and was offered, along with hundreds of other staff, a shiny new private pension which most of us took. The ' financial adviser ' we talked to was as clear as mud and anyway in those days a pension was a pension --right--safe as houses. I turn…
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AVCs - paying monthly vs as a lump sum
Hi, I currently by added years in my company pension as monthly deductions from my salary. The deduction is £94 per month. Is there any benefit to changing this to be a single lump sum for the year of £1128 (£94 x 12)? Does this work like is would in a savings account, i.e.: the lump sum at the start would be better, or is…
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old pearl pension - help!
my husband has a pearl pension (with profits policy) taken out in 1991 which was missold. he has a guarantee that they would match his employers scheme for several years until he left that employment. He has continued paying the same small contribution for all those years, but last year was employed by local government and…
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Pension of terminally ill
Hello, Hopefully someone can help, I will try to be brief... Background - My Father is a retired teacher (62) who has been diagnosed with a terminal brain tumor. He is very ill, and the life expectancy is around 6 months at best. He is married to my mother who is 61 and currently claims a private pension. Both retired…
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No Pension Provisions at all, at 52. Help!
After far too many years existing, unemployed, on the fringes of society, I've finally got a Proper Job. The PJ comes with a decent pension.. But I'm already 52, so it's going to be tiny, in my case. I have a small pension in a pot from an earlier job, and that's it. I haven't paid enough NI contributions to get anything…
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Retirement Help -Pension / Investments
My wife and I are hoping to retire in the next few months and we have been speaking to a Financial Adviser. We have sizable savings and quite large lump sums coming from our pensions and want to invest these in low risk investments to accrue the interest and supplement our monthly pensions. The FA has recommended using…
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Transfer SIPP from HL Options (Passive Investor)
Hello, I currently have approx £40k sitting in a SIPP with Hargreaves Lansdown. I am invested purely in a Vanguard LifeStrategy 80% fund. I add about £100 a month. Most of my contributions go into a Company Stakeholder pension with Standard Life (Group Stakeholder Pension Plan) - I max the employer contributions then…
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Pension help
Hi, I started my pension REALLY late, only been in a plan for 1 year. Basically the plan is with AVIVA I think and my company has matched what I put in. My understanding is that the government adds 20% on top of what I add in too? Is that right? (I earn 40k) However, I was looking into a sipp and was thinking about…
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pension move?
Hi i am male, 31 and currently have a pension pot of 61k and am charged 0.95% annual fee. my work is moving to a new provider (as the new forced pensions come in) but they are not moving the current pot. the new pension will be a 0.5% fee and have been informed it will be a 0.95% to move my pot to the new pension. so just…
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Equity Release and Debts!
Hi, can anyone offer any advise? My father is 72 years old, is working around 35 hr's per week, and lives in a flat valued at appx £75k, and has a loan and mortgage balance secured against it to the tune of £40k. Work is becoming difficult, so he may not be able continue with this much longer. He has a full state pension,…
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Transferred Army Pension
I left the Army back in 1987 having served 12 years and was awarded a preserved Pension based on this amount of service, a couple of years later I was advised by an Abbey Life salesperson that it would be advantageous to me to transfer my Army Pension into a private Pension as it was likely to pay more and also because I…
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civil service pension scheme contributions
i am currently in the classic scheme and being 52 years of age will carry on in the old scheme until 2021 just before retirement in 2022.i have 28 years pension at present. my question is now my contributions have risen sharply and will continue to rise until 2015 up to 5.45% would it be worthwhile opting out of the scheme…
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Need to Get Pensions in Order - HELP!
Hi. Can anyone advise on how to proceed with the following? I am almost 50, and will shortly be getting a pension from an old employer of around £2,500 per year. I currently will get nothing else, apart from the Old Age Pension. Hubby, (a year younger than me) has various private pensions, which currently show he will get…
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Father passed away with pension
Hi, I'm not sure if I can get help with this or each private pension is different but hopefully someone can provide some advice. My Dad passed away this week at the age of 57, and had been receiving a WHS smith pension. I am the youngest of his children at 20, and he had divorced from my mother. Could we be entitled to…
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help with pension
newcomer and need advice please I am 59 and have an old pension that is worth £22,000 total pot I would like my 25% now so I sent for details from royal mail They said I could have £5500 and £860.00 per year but I was told to ask if I could have it as a trivial payment in full, which I then asked about but apparently it is…
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Can I Transfer an AVC to Flexible draw down?
I am in a final salary scheme but also pay into an AVC My pension provider does not currently provide a flexible draw down facility When I retire I will draw my Pension But will I be able to Transfer AVC to a provider that allows Flexible drawdown - my pension will be in excess of £20 k pa If yes who is a 'goo' but cheap…
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40% tax threshold - saving
Trying to get my head around this to see if its worth saving anymore in my AVC pension. Salary = £45000 Personal allowance = 9940 Current pension contributions = £3900 (£75 a week) Taxable earnings = £31660 40% threshold = £32010 Therefore i do not pay 40% tax. Am i right so far? But, I also get a bit of extra pay for…
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Pension Advice Channel Islands
Hello, I'm looking to start a personal pension as at 33 I think I really need to get something sorted! My employer does not offer a pension so I'm on my own, however, as I live in the Channel Islands I am not sure about the tax contribution mentioned. Is there anyone on here that can point me in the right direction, as to…
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additional contribution vs personal pension plan
Hi, I am in my late 30s, and have been a civil servant, and member of PCSPS classic, since 2000. In 2012 I went part-time and am also self-employed. After a slow first 6 months I have now started doing OK with my self employment, and am thinking about how to make up my pension contributions, as my occupational scheme…
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Early Pension Pot
I was thinking about taking my pension pot from the company (I am 55) I think its worth about 25k Would it make more sense to clear the more than 25k debts I have on credit cards and loans with the 25k or leave it until I retire? Thanks
