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company holds salary sacrifice for 3-4 weeks
I currently have a company pension and opt for salary sacrifice. I get paid on or just before the 1st of the month, however my company takes between 3-4 weeks before depositing the funds in my pension. Are there any laws or requirements that state how long between the date of sacrifice and deposit into the employees…
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My Army pension from when I left in 1986
I have been tidying up my pensions that I have taken out over the decades, I have now stuck all of them into my Aegon pension plan. The only one I know very little about now is my small Army pension which I got after leaving the Forces back in 1986. I had served 7 years and was then 24, back then it was worth £650 a year…
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Tax free cash from pension pot. (?)
I appreciate much fine print still has to be read from the budget, but I do not recall any mention of the existing TFC allowances. If retirees wish will they still be able to have 25% free of tax and buy an annuity or drawdown the rest?
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Is there any update on the LGPS's additional pension contributions (APCs)?
A little while ago I applied to join the ARC system but have just been told that it's too close to 1st April and they cannot process my application in the current system. Looking around online, there doesn't seem to be any concrete information about the new Additional Pension Contribution (APC) scheme which is quite…
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Time to think about my pensions
I started working full time since I was 18. Only took 4 months off when I went to Australia in 2010. Came back and started working full time again. Now I’m 30 years old have my own flat mortgage paid and a house paying mortgage. I don’t have any big savings and I don’t know if I have any money put in my pension pot. I do…
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Budget and phased drawdown?
Hi all, Got made redundant last year and have a £500K SIPP and 115K ISA. Semi-retired at 55 now and the plan is to use phased drawdown and take say £15K TFC a year from 60K vested as core income hoping the investments will maintain the SIPP. I am thinking that the budget hasn't really changed things for me as the…
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auto enroll
Hi I opted out of auto enroll, can you advise if I can opt back in now I took some financial advicw, if so how? Thanks
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Hitler buys an annuity
https://www.youtube.com/watch?v=1YU7EhvfwwU
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PCLS re-instatement?
http://citywire.co.uk/new-model-adviser/aegon-in-talks-with-hmrc-over-reinstating-pension-lump-sums/a742266?ref=new-model-adviser-todays-news-list 'If someone has taken an open market option, they may take the tax-free cash sum with ourselves and then transfer the balance to somebody else. If we’ve paid it out normally we…
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I already have an annuity
I already have an annuity pension, under new pension rules can I pull out or am I locked in.
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Question regarding higher rate tax relief on pension contributions
Hi, I just wondered whether you can claim higher rate tax relief for tax paid in the previous year. I stopped paying in to my private pension 10 years ago and it is now considered paid up and cannot accept any further payments (current value around 50K). This year I will be paying higher rate tax and am thinking that it…
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Pension advice help please
Hi! I wondered if you might be able to start me off with some ideas & guidance so I can start to decide on pension options for OH and I, please? Background....* Husband and I are both 32 years old. * Hubby is self employed and has never had a pension. * I work for a Local Authority and am a member of the LGPS. I joined in…
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can anyone answer this please.
If someone has a pension pot of just under 30k from a previous employer is he allowed to take this as cash. Age 57. Thanks for any help.
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Flexible Drawdown - Death Benefits
I currently have a stakeholder pension plan and want to move it to a SIPP and put it into Flexible Drawdown. The bit I can't get my head around is death benefits. Just say, for the sake of an example, that I have 100K pot and I tick all the boxes to satisfy the Flexible Drawdown criteria. Just say, for the sake of an…
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Redundancy & new pension rules
I am being made redundant & expect a final amount of approx 70k. Hopefully I will find work after this & therefore potentially a tax bill of 40% of 70-30=40k. I am 53 years of age. Over the years I have accumulated 3 pension pots. An old private contracted out plan, a DB plan from a previous employer & my current employers…
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Probably not possible but....
just wondered if anyone thinks there is any chance that the Prudential will allow me to take a full and final settlement of my AVCs even though I have been in receipt of them for two and a half years. I paid into AVCs when I was teaching but not for very long. When I retired I got a lump sum of around £1200 from them but…
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NI Conts
Are these payable on a company pension if the recipient is under state pensionable age? OH is retiring shortly and is under 60 yrs old.
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Pension Game Changer?
I have a deferred final salary pension with a transfer value of 182K, given recent events and the Governments desire to put us in charge of the whole of our pension pots which to a layman like me seems to have come out of the blue. What is there to stop me and millions of others transferring our pensions to another scheme…
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pension drawdown decision
So many people posting questions following the budget, I suppose I shouldn't be disappointed that I didn't get an answer to mine. Maybe I made the question too complicated. Anway, I have made a decision so I am removing the question. In summary I decided - a bird in the hand is better than something that may happen next…
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New pensions for existing pensioners
Hi, My other half and I have taken early retirement and are drawing our final salary pensions. We are under state retirement age and we are both paying a slight amount of tax on both these pensions.:( In light of the budget announcement regarding accessing pension pots, would it be possible/advantageous for us to start new…
