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Equity Release Question
My parents have suggested taking an equity release lump sum to help me with a deposit on a property purchase. My question is, if they take an equity release lump sum and immediately gift it to me will it affect their entitlement to state benefits? I have read that the lump sum is tax free, but apparently counts towards…
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pension solution for 14-15?
For people who are wondering what to do during the transitional year for pensions - http://citywire.co.uk/new-model-adviser/just-retirement-launches-one-year-fixed-rate-annuity/a747188?ref=new-model-adviser-todays-news-list I don't know what the claimed advantages over capped drawdown are.
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S2P and BT pension scheme
would appreciate some advice. I believe BT people were contracted out of SERPS until April 2009 but from that date we are contracted back in. I do not intend to work for BT beyond age 60 maximum. When I get my State pension I believe I will now receive something from the S2P for my contributions since April 2009 but if I…
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Compulsory IFA advice before starting a SIPP?
Hi there, This must have passed me by: A colleague has been told he cannot open a new SIPP unless he first takes financial advice from a FA (not sure if it has to be an IFA). I thought this might come in the future but I wasn't aware it had already started. Colleague also reports he has sent enquiry letters to six IFAs and…
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company stock
HI there - my company has offered me stock at a very low price. They are a multinational start up that are doing very well - based in the US. My question is, how do I know what the stock is worth as there is no 'public price'? Also, the paperwork says that only employees can own the stock so does that mean if I leave the…
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work place pension - when a company has not been staged to offer yet
Hello - I am wondering if anyone has experience with workplace pensions where the company is not staged/scheduled to go live yet according to the HRMC but is in a position to do so and are willing to do so. Is this possible. I rang a few advice lines but was told that they could only bring the staging date ahead 3 mths...
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Army pension
Hi all, im 46 and did 22yrs in the army and at present recieve my monthly pension. What i was wondering is can i ask to take a lump of money out of my pension pot ? any help appreciated :-)
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AVCs running alongside occupational pensions..
Hi all, Quick question: I have 2 separate deferred occupational final salary pensions with 2 different ex-employers. I also have an AVC with both of the ex-employers, which runs alongside the main final salary pension. Is it a general rule that you have to take the AVC at the same time as you take the "main" pension ? Or…
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cashing in AVCs
Me and OH took out AVCs with the Coop years ago and have not paid into them for years. They now have a value of about £11000 each and would not be worth much as annuities. OH is receiving an NHS pension and also working. I want to retire soon and will have an LGPS. Our defined pensions are well over 30k each. We are both…
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Inheritance Tax Protection
With Inheritance Tax I understand I cannot gift a major share of my house to my son to avoid this tax if I continue to live in it. But I've heard some aspects of 'gifting' change if you don't die within a seven year period of making the gift. Would this apply to giving him a share of the house if i continue to live in it?…
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AVCs versus Private Penisons
Hello I've got a local government pension, and I can get an AVC pension via The Prudential. I've not done this, but I was wondering if anyone could quickly highlight the benefits of AVCs versus additional savings in my Private Stakeholder Pension with Aviva and Friends Life? Thanks!
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drwadown pension release
im 59yrs old and already have a drawdown on one of my pensions does anyone no if i could draw the whole of this pension at 60 around £43,000 because i already have a NHS pension to draw when i retire.:money:
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Serps
Around 20 odd years ago I was contacted by a financial adviser and advised to contract out of SERPS. I was in my early 20's at the time. From what I remember, the reasoning was that the government at the time wouldn't have been able to sustain the financial burden of the projected pension dependents of that generation. He…
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unlocking pension pot
Help, can anyone tell me how i would unlock a pension pot I took out years ago when i worked for another co. and stopped paying into around 8yrs ago? I have got spiraling debt including a huge mortgage and digging myself deeper and deeper trying to get myself out! I now have an nhs pension with my employer but want to take…
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Teachers voluntary contributions
Hello Does anyone have any information on the reputation or performance of investments made through teachers additional voluntary contributions with the Prudential? Thanks
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Pension Forecast
Does anybody know how long it will take to get a pension forecast. I need one really quickly - if I call them up will I get an instant forecast? I registered online this morning but they issue a code which is sent in the post and that could take 7 days. This is too long. Any suggestions?
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Overpaying mortgage versus increasing pension contributions
I am not sure if I have put this in the right place, but is it generally better to increase your pension contributions or to overpay your mortgage? I have tended to overpay my mortgage when I can. I recently checked an online pension calculator and that indicated that I ought to increase my pension contributions. I loathe…
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Civil Service Pension 2015
Hi I'm looking for some advice about the forthcoming changes to the Civil Service Pension scheme. I'm currently 46 and have worked for the civil service for just over five years. My salary is just about 40k per annum. I'm in the career average nuvos scheme in which I've built up a pension of just over £8000 per year to…
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Thinking of moving pension fund from Aviva to a discount pension provider - Thoughts?
I currently have my personal pension invested with Aviva's 'Aviva Pensions Mixed Investment (40-85% Shares) S2' fund, but thinking I should move this to one of the discount pension funds such as highlighted here http://www.moneysavingexpert.com/savings/discount-pensions…
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State pension
Hi, might be a silly question.....is the workplace pension as well as or in stead of a state pension. Will i still get a state pension even if I am paying into the work place pension? thanks
