-
pensions with Scottish providers
I’m hoping someone may be able to help me with a query. Briefly I draw an annuity from Scottish Widows which has recently been taken over by Aberdeen Asset Management. Leaving the politics of the Scottish referendum totally aside, I’m concerned about the safety of my annuity in the event of Scottish independence in view of…
-
pension lump sum advice ?
husband has a £60,000 pension pot available this year he will take the 25% lump sum leaving £45,000 which will pay 2800 annuity but with this and his state pension it will push him into the next tax bracket and he will lose his personal allowance his income is not going to drop so no point in deferring either pension so my…
-
work pension- company have never paid in
I recently resigned from my job which I have been employed full time since October 2011. The employer is a ltd company As part of my package I had a pension which my contract states: "The company will pay each year an equivalent to 3% of the employees gross annual salary into an Inland Revenue approved pension scheme plan"…
-
Could we cash in these pensions?
My husband and I both have pensions and are interested in whether we would be able to release any of the money, either in part or full. 1. Mine is a Standard Life Self Invested Personal Pension Scheme. It's from an old job so hasn't been contributed to since 2010. It has a current (and transferable) value of just under…
-
Company taken our pension!
The company we work for didn't put its contributions in for 16 months.No-one knew until our suspicions were aroused when we didn't receive our annual statements.There was no period of consultation.After a meeting with management,we were told the company was in hard times and once the company had got back on its feet the…
-
State Pension Forecast and Flat Rate State Pension
By way of example to present my question. Assume that the Flat Rate Pension is £140 a week (fogetting indexation). Say that my State Pension Forecast is £180 a week including S2P despite having contracting out for many years and having contract in many for years. Presumably, despite having contracted out for many years I…
-
Auto enrollment pension vs Overpayment on Mortgage
Hi, Just a quick one if someone could help me with some questions I have a 150k mortgage outstanding which I pay ~£800 on a month and I am 37 currently with 23 years left on the mortgage. 1. If I choose to opt out of the auto enrolment pension and put that money instead in to overpayment I assume that the pension is still…
-
£20k per annum in retirement
A couple. no debts, no mortgage and with £200k cash assets......comfortable life...or poverty?
-
Pension at 30
Hi all, I'm coming up to age 31 in a couple of months and am thinking it's time I got my pension sorted out. I previously had a pension for a year or two in a part-time job in my early twenties but nothing since then. I'm not too hot with the whole issue of pensions and my question is this - I have a considerable amount of…
-
Pension lump sum or not?
I am shortly able to retire from the fire service on a full pension at the age of 50. I do know I am very lucky compared to many others. I am looking for advice about the pros and cons of taking a lump sum commutation or a higher monthly pension for life. My debts are mortgages on two properties. One is our home, the other…
-
20% pension product charge (of input for year 1) by IFA - sound right?
I am setting up a personal pension. I went to an IFA and was told that the cost will be 20% of my first year's contribution (approx £1000 of the £5000 I would be putting in). The annual charge of the product will then be 1% until it reaches a certain size, upon which this decreases (Scottish life). It seems from our…
-
Trying to get my head around the new government pension
Hi I'm really struggling with the new pension scheme, using Susan from this website as an example would I be right in saying http://www.lgps2014.org/content/how-pension-will-be-worked-out If Susan pays into the new auto-enrolment pension at her full rate for ten years then every year after retirement she will receive…
-
Can HMRC seize your pension?
If HMRC believe you owe them money and they take everything you have, can they seize control of your pension too? Looking for facts, legislation and sources please, not speculation.
-
Salary sacrifice, the maths dont add up
My employer has a group pension plan with AEGON (salary sacrifice scheme with 100% NI contributions), which I am just about to join. I have received the paperwork however I can't get my head around the sums. As a 20% taxpayer, gross salary reduction £73.53, net reduction £50 - I'm guessing the £23.53 difference is tax and…
-
NHS Pension
I worked for the NHS about 12 years ago for a year and was paying into a pension, I would just like to know how I can claim back the contributions if anyone knows??
-
Pension Downdrawn or SIPP
I will be investing my 100k pension pot, around April '15. I like the idea of controlling my own annual income. From what I see, there are 2 ways to do this, either by taking out a SIPP or an income downdrawn pension. What is the difference? Or are they one and the same thing? Thanks
-
Classic Civil Service Pension - Commutation
I realise as a long service classic pension member that when I retire I can opt to swap pension for a larger lump sum. Is there the reverse option - to swap lump sum for a larger pension?
-
Pension Fund
Sorry if this is long and boring. I have a pension fund that is currently being managed via a fund manager who was introduced to me via a pension broker. After discussing my pension with the broker and talking to them about the ability to remove all of my pension as of next year my broker became very angry stating that…
-
work not paying monthly payment
Hi I have just looked at my pension online and it is saying that my company has not paid in since nov 13.They have paid April 2014 but where have the missing months gone? I rang up scottish widows and they said i have to speak to my hr dept at work to find out whats going on.I will do this when im back to work (off sick at…
-
Too old for a pension? Invest in 'bricks & mortar' instead?
Hi, I'm going to be hitting 46 this year... Married, two kids, not much at all in the way of savings but with some effort I would be able to divert money towards the future. My question is should I go down the pension route or I am "too old"? Would it be best to invest in a house or something? I'm not yet sure exactly how…
