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Pension Reform NHS/Royal Navy
Hi - my husband is entitled to claim a small Royal Navy and a small NHS pension in November. Can anyone tell us if he waits to claim them until next April whether he would benefit from the new pension reforms or are they not covered? Any information greatly received (but please, in plain english!) Thank you :)
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Cavendish Online personal pension application help
Posted deleted (info required obtained from broker).
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Pensions reform
Hi If I have two company pensions one with company A and the other with company B. When I reach retirement age will I be allowed under the pensions reform to keep company A's pension and cash in company B's pension for a lump some, or do I have to cash in both? many thanks
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Pension / company enrolment
Right, I'm a joint director of a company, and now I'm finally debt free and company doing ok I want to start my pension scheme. I'm quite late to the party as I'm 33 so I want to make larger contributions to make up for lost time. I've had a look through different schemes, initally I want to setup a company scheme which…
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MSE News: Confused by pension options? Free, impartial advice is coming in 2015
From next April millions of people will be able to get free, impartial advice on how to make the most of their pension... Read the full story: Confused by pension options? Free, impartial advice is coming in 2015 Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all…
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New Pension freedoms - Outcome of Consultation
The government has just set out its response on implementing the pension freedoms set out in the budget. This is available via the following web page https://www.gov.uk/government/consultations/freedom-and-choice-in-pensions A direct link to the full consultation response is here. There is also a ministerial statement…
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how long for cash lump sum to process
Hello, I qualify for and have applied for My 25% lump sum on my SIPP, anyone know how long they usually take to process?
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Cashing in my pension
Hi everyone I'm new to this, I'm 54 (55 in November) and I want to cash in the rest of my pension I had to stop working in 2008 due to ill health Can I cash in once I get to 55 I did have a small lump sum and I have a monthly payment each month Thank you
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Pension panic!
We're 34 and 36 and have no pension. We've occasionally put token amounts in to various pots - a county council pension for me (for about 10 months) and a L&G stakeholder for him (no company pension) for no more than a year. Really both were just tiny amounts of our monthly salary. We've got a bit (ok, a lot) of debt which…
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Civil Service AVC's
While working in the Civil Service I started paying into AVC's (now with Scottish Widows). I joined the NHS in 2003 transferred my main Civil Service pension into the NHS and joined the 2008 scheme with a retirement age of 65. The AVC's were frozen in 2003 and mature when I am 60 in Dec 2014. The value is £24,501. I have a…
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Who should i complain to next.
I will try and be as brief as possible. I was transferred from the Scottish Public Pensions Agency, NHS Superannuation scheme, because of PFI, to a large private company, that took over the facilities management of the hospital where I work. Throughout the period of my employment I was a shift worker and paid pension…
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Auto-enrolement transfer
My son has more than three months but less than two years auto enrolement pension with his previous employer. They have written to him saying he either has to transfer the fund to another pension or it will be refunded to him and the pension scheme. Most/all of the fund has come from the employer so he will be giving the…
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Flexible Drawdown - Reasons to Delay
I have a stakeholder pension plan. I qualify for flexible drawdown by age and guaranteed income. I am about to convert the stakeholder to a SIPP and put it into Flexible Drawdown. Given the budget changes and the on-going government/pensions-industry consultations, is there any reason to delay starting this the process?…
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Reducing hours and LGPS implications
I am considering reducing my hours at work either by asking for an extra day off a week or by having 2/3 weeks extra holiday a year. I don't want to ask them until I know that i can afford to do this. Does anyone know how my LGPS will be affected by this and how much pay I could expect to lose? Also for my salary. Are…
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IFA needed
We have been reading a lot of the financial boards and have gone from thinking all would be ok as we move towards retirement and with savings etc to worrying now that we really have no clue about what to expect apart from the figures we see on yearly statements etc. How do we find a good IFA ?
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combining lgps pensions
Hi. If a deferred period of lgps service is joined to an active period of lgps service, is the value of the deferred benefit built up to annual pension and lump sum over the years, through inflation increases, not retained, and is just the service years carried forward to the newly joined pension. Many Thanks.
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Pension/Cash
Hi, I have a small penion to come this year from Friends Life. Cash Fund is £22900 incl a GMP fund of £8050. I can take tax free cash of £7570 (thought this should be 25% ?). Didn't I read somewhere that such small pensions could ALL be taken as cash ? (I have no other pensions) thanks
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The Cavendish Online FundSupermarket Pension
About to launch they say, a pension with an annual fee of just 0.30%. Access to over 2,300 funds on the FundSupermarket and only pay the fund charge, a 0.25% platform fee to FundsNetwork and a 0.05% annual fee to Cavendish Online. Its on the pensions section of their website On typical funds the charges will be broken down…
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What is the current State pension?
I can't make sense of any website I've looked at today. One says £67, another £114 and another £144. Does anyone know?
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Transferring out of a DB Scheme - looking for IFA Recommendation
Hi I'm strongly considering transferring out of an existing DB scheme into a SIPP which I'll set up. I work as a tax partner in a City law firm and have done the reading around and am aware that it's generally considered to be a poor investment decision. However, in my case, I'm satisfied that it's better for me overall…
