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How to see if I can retire early - about 47?
Hi All I am currently in a banking job in the city which is causing me real stress and seriously affecting my health recently....I am fearful of getting extremely depressed and sick long term. I am looking for a different job but it is tough given I am in a real niche area ...it then occurred to me that I may just possibly…
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Accumulation vs Inclusive Accumulation
I'm attempting to pick some funds for a SIPP. What a steep learning curve! I think I understand the difference between Income and Accumulation but what the hell is Inclusive Income and Inclusive Accumulation and which should I go for? TIA.
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Local Givernment Pension
I am not sure what I need to ask or do but here goes. I started working in schools in 1997 and paid into local government pensions, I have moved schools three times and transferred this pension each time, In Dec 2012 I was sacked and there fore Pension was frozen. I have after 16 months started another job with a local…
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Investment withdrawal calculator
Does anyone know of a UK calculator that works out growth on investment as well as regular withdrawals, giving how much investment remains after a series of withdrawals? I'm looking for one that lets me spend my capital instead of preserving it. If not, does anyone know how to do such a sum in Excel please?? :D
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Agency commission
I'm due to retire on May 31, so I've been shopping around for an enhanced annuity. One agency produced the best offer, but when I looked at the details, I was horrified to discover that over 3% of my £200,000+ pot would be paid to the agent as commission. This is on the basis of them doing five minutes of online search…
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pensionable pay question
I was in a company scheme for 4 years, and my pensionable pay was £12500 when I left, 5 years ago I requested a transfer value, which was 8k, todays transfer value is 21k, does this effect my yearly pension, the statement still states pensionable pay of £12500
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Pension advice needed please
I am 60 years old, have just had 2 pensions merged into an annuity through a financial advisor. Have just taken 25% tax free and am getting a monthly allowance from the remainder = £32,987.22 Am totally confused by new government regulations :( - does this mean I will be able to take the rest out at some point - or do I…
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Stories of voluntary redundancy as a gateway to retirement?
I'm after people's experiences of Voluntary Redundancy being used as a route to giving up the 9-5 please for my husband to read and digest a bit. What sort of things did you consider before taking the plunge? Has it worked out the way you hoped, or do you think you've made a mistake? Any information you could share with us…
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additional state pension
My brother gets about £220 a week pension this is his state pension together with his additional state pension. at the moment he still works a couple of days a week so has to pay tax. He is of the opinion that when he stops working he will pay no tax. He will be getting over the personal allowance so is he right?
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Advice needed
Hello Hope someone can help with this as it is a bit confusing. I have a small pension with a former employer (local authority) I enquired as to whether I was able to withdraw the pension early following the recent rule change in the budget. I was informed by them that I can only withdraw if I was still employed by them.…
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Pension Advice
Hi, I have a £26,000 pension pot which under the new rules I can take now, however previously I could take more than 25% as a tax free amount (35%) and the rest was to go into an Annuity, I do not have any other income and am now being told I can take 25% tax free and the rest will be taxable. I am aware that I can offset…
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53--only state pension-self employed
positives no mortgage come dec 2014(equity 100k) will hav £650 a month disposable income jan 2015 work till 70,p/t after that health wise ok negatives only state pension question want a decent nest egg to help me out old age whats best course of action to achieve this p.s. im one of those who failed:( to think about…
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New employer - no pension
My son 20 has just finished his apprenticeship, stage 2, as a chef with an international hotel chain. He has also been working part time with a food-pub who want him to recruit him full time. Many of the things he wants for the next part of his career are available from the pub so he wants to move there. He will be on…
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Old pension
I have just found out that an old police pension i had 35 years ago is only worth the contributions i paid over just short of 2 years. There is no interest or inflation added, is this correct? Why wouldnt this have been paid to me when i left? Thankyou :-)
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GMP uprating
I've been receiving a Teachers' Pension (which is contracted out) for several years now. I reached my State Pension Age 4 months ago - but have chosen to defer (i.e. not to apply) - indefinitely. I've just received details of the Teachers' Pension to be paid for 2014/15 and it includes, for the first time a breakdown of…
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First pension - Personal or Stakeholder? Anything else to note?
Hi I'm 24 and looking at starting up a pension. Up until now I've ignore the pension and preferred to try to write off some debts instead, on the theory that paying off a high interest rate is more important than saving in a low one. My employer offers a pension contribution which I've opted out of until now (for the…
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Pension payment reduction
Hi, I have a 10 year guaranteed annuity, still in its 1st year, this past month my monthly payment from this has dropped over £50, when previously it was always the exact same, higher amount. Would this be a mistake ? Or would the payment from it go down for some other reason ? I was under the impression my payment would…
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Pension providers facing cash flow problems?
Hi. Just a thought I had. I'm not very pension provider savvy but I know these new pension rules in taking all your pension in one lot will delight many people who will take the full amount out. Do the pension companies have enough liquid assets to pay out the money?
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"greed, incompetence and evasiveness"
http://www.moneymarketing.co.uk/news-and-analysis/pensions/lucian-camp-the-toxic-elements-that-led-to-annuities-downfall/2008830.article "What went wrong was that the financial services industry so perverted and distorted all three of these big ideas that in the end they all became almost untenable." "What is particularly…
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New personal pension - does this seem sound enough?
OK, so after much further reading, digesting and thinking I've come to the conclusion I should follow a passive investment strategy. With a 10 year minimum investment period and an adventurous outlook on the investments I am looking at a 75% equity split. I was leaning towards a Vanguard LifeStrategy product for ease but…
