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Who's the aministrator now?
Does anyone know which companies now administer pensions invested with the old 'Target Life' and 'M&G' companies - or alternatively where I can get the information. TIA
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NEST Growth
I'm setting up a spreadsheet to hopefully accurately predict what my pension pot could be in 30 years time, and was wondering what growth I could expect from my NEST pension, net of any fees. My pot is currently invested in the NEST Higher Risk fund. I have the fund factsheet from 2013, but mentions nothing about…
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AVC dodge to gain Tax Relief?
My partner is in a a good DB scheme and has been forever. She retires in 2015 and despite being a higher tax rate payer has never been tempted to invest in AVCs despite the tax advantages as you won't have direct control over the money when you retires. Question - if she invested a lump sum immediately in an FCAVC and then…
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Pension Contribution Limit
I'm a contractor who has their own limited company, which means that I have the option to make pension contributions direct from the company and I believe this is more advantageous than paying them personally. I've checked on limits per tax year, which is 50K reducing to 40K, with a carry-over of unused limit for 3 years,…
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Should I change investment options?
Hi, I've received my annual pension benefit statement from my companies Group Money Purchase Scheme and I was looking for advice regarding my investment options. Currently I'm invested in Option 1 and I was wondering how Option 2 compared: Option 1: Current Investment Managers Schroder (c.10%), Baillie Gifford (c.10%) -…
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New pension rules / AVC's
As a result of the budget it's got me thinking of my AVC's. It doesn't amount to much (c£4k) and I stopped paying into it many years ago. I always thought that I was locked in and forced onto an annuity when I hit 60 but does the recent budget change this? Could I whip it out and reinvest, spend or indeed "buy back time"…
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Stakeholder pension - trivial commute or wait
Hi all and greetings from a newby on this or any other forum. I am a person of a certain age so am entitled to commute at age 60 this year (May). This is the only private pension plan I have and it is under the old commutation limit (18k). My query is; would I be better off to just leave it in operation now and add to it…
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Can I have a SIPP and withdraw it all in cash in a few years?
I an 61, retired and in receipt of a Local Govt. pension of about £30,000 p.a. I am considering taking out a SIPP for £3,600 p.a., mainly for the tax attractions, as I believe I can get 20% relief on this. Assuming reasonable returns (3-4%) on low risk investments and charges of say £100 p.a. am I now allowed to withdraw…
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Equitable Life Pension
In the light of the recent announcement by the Chancellor, I would like to cash in my Equitable Life pension and invest some of the money elsewhere. The last valuation in December 2012 showed the Value of guaranteed benefits at £16.5k and Unit-linked retired investments at £9.6k. The Protected Rights investments included…
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Guaranteed income in retirement?
Why didn't the Chancellor do anything to improve annuities?
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deferred pension
Husband is 70. has got pension with a life company which matured when he was 65. he did not take pension then and is now told that he has lost income for last five tears anybody got any experiece re challenging this? thank you.
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Pension question for my terminally ill father.
Hello My father has sadly been diagnosed with terminal cancer & has been given 6-9 months. He is trying to get his affairs in order but is not sure if anything can be done with his pension. He took early retirement in March 2013, he is 63. Although my parents divorced 10 years ago they have remained good friends and…
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small pension from 18-month employment, can i have it now??
Hello, I worked for the MOD for around 18 months, paying into a pension fund. I left in 2001. I've just received a letter from the pension company informing me I have just over £1000 in the pension, as it's such a small amount am I able to claim it now or will I have to wait (I'm 34)
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AVC SIPP, ISA - Options Please
Background - Late 40's - Higher rate Tax Payer - Defined Benefits Company Pension - Not expecting to retire for at least 10-15 years - Company Pension scheme offers AVCs I am considering making a regular investment of about 2.5k a year. Although this will hopefully rise every year as am considering using any future salary…
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New drawdown rules and what pensions companies will be compelled to do
Part of the governments proposal is asking for feedback on what pensions companies should be legally forced to provide. As it stands, I don't think they have to provide capped or flexible drawdown (with very few allowing the latter) and that while pensions can be taken under triviality and stranded pots rules, again they…
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Small pension tax free?
We have previously not bothered in putting money into my wife's pesnion as she was either not working or a basic rate taxpayer. The pension restrictions did not seem to make it worthwhile (caped drawdowm, taxed triviality etc). Now, (or rather when the changes come in) am a right in thinking that she would get basic rate…
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Partial incapacity mid 40s
Hello, I'm right on the cusp of a decision from Head Office regarding partial incapacity departure from employer... I was diagnosed with a non-terminal but incurable illness 8 years ago which has episodic tendencies which had historically been quickly brought under control until late 2012. Contacted HR & Occ Health in Feb…
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Really need help understanding pension statements
Hi please can someone help. My pension statements are driving me insane. I've just had this years through and it states: "The rate of growth used in this illustration is calculated as an average return from the fund(s) invested in, using the proportion of each fund held. This rate is based on our view of potential…
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Regret taking out annuity
Hi all. I took out an annuity with L&G with my pension last December. Sick now because it is such a small rip off amount. Anyone know how I can cancel it please?
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Taking pension as salary
Has anyone who is going to exceed the £1.25m lifetime allowance asked their employer to give them the employer contribution as salary? We have done this and the company has agreed, so long as they can deduct the extra 13.8% employer's NI from their contribution, so that for them it is cost neutral. It means you're better…
