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Lump sum AVC contributions utilising 40% tax
Hello Everyone Just a short note to tell you my circumstances. I'm 45 and have been paying into the BT pension scheme since I was 18. I am debt free and have £1000 which I'd like to put into my pension scheme to take advantage of the 40% rebate. I started monthly AVC contributions about 6 months ago, not much, about £20 a…
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Annuity - Spouse pension
We lost my Dad a few weeks ago at the age of 79. He was self employed, paid a lot into his personal pensions and took financial advice via his firm of accountants on his annuities. This morning, my Mum got a letter from Canada Life to say his annuity, which was single life, would cease – in fact she has to return the last…
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freepensionupdate.co.uk
Have a 55 yr old relative who has been approached by this company to do a free review of this pension arrangements - anyone dealt with them?
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Re: Pension overpayment
Hi, I am writing on behalf of my mother who is 80 years old and is currently getting a private pension from her local council. Both she and my late father worked for this council. My mother retired 22 years ago to look after my dad who died 18 years ago. A new Pension Fund Authority has recently taken over the…
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consolidating pensions having worked in different countries
Hi, Pension challenge of a 61 year old single guy... history: 15 years sate pension UK ( 8 years NCO RAF / 7 years industry ) 15 years state pension Germany 11 years state pension Switzerland Can I ( should I ) consolidate my pension(s) / How to calculate what my pension will be? I know I'm not the only one travelling…
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Aviva
http://www.dailymail.co.uk/money/news/article-2554472/Four-million-savers-short-changed-Aviva-compensation-Insurers-323million-bill-merger-blunder.html "Initially, 196 errors with products were investigated. As of April last year, this had ballooned to 358. And the mistakes are so complicated that it could take another…
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My employer is charging me to see advisor!
I work for a small company The following notification has been received : "We are paying a general set-up fee of £750. · If you join the scheme, you will pay a one-off fee of £200 to the advisor. This is in addition to your regular contributions and the Pension scheme provider’s annual (e.g. 1% fee). The £200 covers advice…
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Personal Pension charges
with all the talk at the minute regarding Hargreaves Lansdown's new charging structure, does this mean that charges on Personal Pensions from the likes of Scottish Widows, Standard Life etc are also due to fall and if so does anyone have any idea when or by how much? I notice from these 2 providers' websites there is no…
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Stakeholder pension for my child ?
18 years ago i started a stakeholder pension for my daughter ,only paying £20 a month unfortunatly it was with Virgin that i have read is probably the worst performing. 9 years ago i did the same for my son so they are treated the same. Besides the point but i had fertility treatment with them both so i never expected to…
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Care home retrospective charge increase?
Hope this is the right forum, if not apologies! As he is no longer able to live independently, and after the death of his wife (my Mum), my 90-year-old father has been in a care home for the past couple of years. Usual roller-coaster ride, but he's doing as well as can be expected and is reasonably happy. As he has some…
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Aegon - Establishment fee - Industry norm?
My IFA advised me to move my various pension into one pot with Aegon in 2008. I have recently gained access to my account via a web app which is extremely useful. When I looked at hot my pension was doing I was more that surprised to see monthly deductions for an "Establishment Fee". I have been paying this fee since I…
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SIPP investment timing re tax year
My wife and I have a small partnership as well as other income sources. We appointed an accountant to deal with our tax affairs but will not know our income/tax liabilities until after the tax year ends. To minimise tax liabilities and to provide for the future We want to invest in a SIPP. Can we do that after the end of…
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How much is my deferred pension now
Know it has proably been answered but just in case thought I would ask, I have been deferring my pension now for over two years and wondered how much it is now, tried the state pension forecast but it did not seem to work for a deferred one, because I did not pay enough NI contribututions did not qualify for full pension…
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AVC Advice
I am currently 60, at 56 I took my final salary pension and lump sum under a flexible retirement scheme, I did though continue in the same pension scheme and next year at 61 I will have paid into the scheme for 45 years, so cannot build up any pension after that that pension will be drawn at 65. Since taking that pension i…
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Flexible drawdown charges with ii
Hi, Does anyone happen to know what charges you would incur from ii for flexible drawdown - they seem to mention it as a possibility but I can't see anything on their charges. Thanks.
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Pension Tax Relief
Im looking for a bit of clarification on this issue. I would like to put £500pm into a personal pension, how does the basic tax relief work? In my mind i put in £500 and the tax man puts in another £125. However, the application form states this: "The amount taken from your bank account will be less than the gross amount.…
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25% at 55
Hello, I am now 58 years of age. I have five pension pots from earlier employer schemes (all money purchase). I know I can now take out up to 25% due to my age. However, can I ask, - does this have to come from just one pot/provider, or could it come from two or three perhaps? How do I go about it? Do I just write to the…
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Personal Pension confusion
I have a workplace personal pension. I put in x and employer puts in x. I do not get tax relief on my pension But from what i have just read elsewhere the Gov should then pay into it as I do not get tax relief, but I do not know if they do. How do I find this out. Thanks
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Company pension plan age
I asked a previous company I worked for in the 70's to provide me with a quote to get my company pension now (I am 58). In the quote they refer to my normal retirement age as 60 and 'when you reach your GMP age of 60' etc; My retirement age is 66 at today's rate, does that mean that their quote should refer to 66 instead…
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Pension Ombudsman office has lost my file!!!!
Hi everyone, I filed a complaint July 2013 with the ombudsman regarding refusal to have my deferred benefits paid under ill health.... I received a written acknowledgement within a week and I spoke to someone there on the phone confirming they had definitely received all relevant paperwork from me... I wrote in November…
