-
Taking pension pot early
Hi,I am 65 in July,I have a small pension built up with the Co Op,its worth less than £17,000,do I have to wait until July to take this? as I could really do with the money now,is it possible to take it earlier,and how do I do this?Many thanks.
-
Nest
Please Ignore
-
PCSPS - Added Years advice.
PCSPS - Classic joined 1988 In 1994 I entered into a contract to buy two and a bit years pension by making payments to direct purchase added years, the cost of this extra pension was calculated into monthly instalments from 1994 through to my then Normal retirement age of 60 (2026). My classic pension will be frozen from…
-
New pension rules and previous private pensions
I have two previous pensions that I have since stopped paying into. With the new regulations being introduced whereby employers have to enrol you into a pension scheme....could I reinstate the latter pension (Scottish Widows stakeholder) and then when employer sets up their contributions - can I ask them to use my existing…
-
MSE Pension Credit Guide
Hi! This is the discussion thread for the Pension Credit guide. 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 Forum? Intro Guide. Thanks folks, Helen
-
Ni contributions
I have accrued 46 years of national insurance contributions towards my state pension I am due to retire in September 2016. The state pension changes to a fixed rate of £144 in April 2016. The total of my state pension calculations for 2016 will be LESS than the new fixed rate state pension. Question Does this mean that any…
-
Is it worth it?
Please correct me if I am wrong. My current employer has auto-enrolled me into a pension plan with Standard Life. My employer pays contributions. So far judging from the YTD on my last wage slip they have paid £55 and I have paid £27. My question is this: why is everyone leaving or "opting out" > If my employer is…
-
recoup the costs of contributing to a pension
I hope this isn't taboo, if it is, I am very sorry. Would anyone know how long one would have to live (median average) to recoupe the cost of years of pension contributions. I know for some it may not be the best way to think of pension, but it would give me better understanding of pensions relative to other investments.…
-
Ni contributions
I am trying to work out if i need to pay voluntary NI conts, i am getting conflicting info. I have seen this "From 2016, the Government has said there will be a flat rate pension, of £144 a week, for everyone retiring after 6 April 2016, provided that they have 35 qualifying years." on this site here moneysavingexpert dot…
-
To commute from small pension?
I retire in late April and will receive a small pension from my local government post. My options are: to take a pension of £4442.75 per annum with a Fixed Pension Lump sum of £10062.99 or to take a reduced annual pension of £3395.14 and a larger FPLS of £22634.28. I am just coming up to 63, in reasonable health but of…
-
Old company name on group stakeholder pension?
I've been paying into a stakeholder pension with HSBC for about 5 years after setting it up while employed by a company. That company no longer exists and I (obviously) no longer work there. But the name of that company is still on my pension statements. Is this a problem? It only occurred to me recently that this company…
-
Pension Consolidation
Hi All I am 31 and have two dormant corporate stakeholder pensions from previous employers, neither of which are final salary, have no particular perks or complexities 1. Avivia mixed 40 – 85 with a value of £13k 2. Standard life 50 – 50 with a value of £22k I have started a new corporate stakeholder plan with my new…
-
Change of jobs and pension scheme
Hello. I left my previous job around 4 months ago and, as a result, have left their 'Group WorkSave Pension Plan' with Legal & General. I now have a new job and I have joined my new employer's pension scheme (a 'Defined Contribution Pension Plan' with Fidelity). I hadn't given much thought to my plan with my previous…
-
Mums entitlement to Dads pension???
Hi I'm after some advice? My mum and dad are in a quite complex situation, they have a complete communication breakdown and my mum is really struggling for money, she is not due her state pension for another 2 month, whereas my Dad is already on his pension, he has state pension plus a pension for previous employment. My…
-
Pension Contributions - is it wise to pay as much as possible into pension?
I have recently turned 30, last year I took the time to research pensions and soon discovered I have been a bit foolish not contributing earlier in my career. That changed nearly a year ago and I have been contributing 10% of my salary, which my employer matches. I am a 40% rate tax payer and my contributions come out of…
-
consumer rights
Total newbie needing advice. Hoover washing machine purchased 18 months ago, lots of problems and engineer visits, Hoover Replaced machine 5 weeks ago with same model, worse problems, flooded kitchen.worryingly noisy and loud banging from machine. Now have no faith in machine therefore what are my rights with regard to…
-
Is paying pension waste of money
Hi experienced members, I had big debate with my family. Can't find answer, can't persuade each other. hence turn to this forum for a second opinion. My family member also tells me the best pension is buying property. My thought is - OK we got big house sitting there, but no cash to spend when we are both too old to work.…
-
Drawdown charges
Following a discussion in another thread and me dropping subtle hints to Snowman about including drawdown charges in his spreadsheet, then him suggesting I compile the data :o ... I've attempted to do this for all platforms in his spreadsheet (except Fidelity as they require you to take advice or go via their subsiduary…
-
Redundancy + Pension Options
Hi there, Am hoping someone can help me, i'm useless at understanding pensions! Some background: My mum, aged 54, is being made redundant after nearly 30 years of service with the company. She's going to get around £35k redundancy. She's been paying into the company pension scheme for years and they've sent her some…
-
Co-op pension OK?
I have a Co-op pension which I hope to take in December 2014 when I am 65 but keep hearing the co-op bank is in a bad way. Will my pension still be safe? I think pensions are covered by some government scheme to ensure their safety- at least I am hoping so ! Thanks Peter
