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Transferring My Pension
I'm looking to transfer an occupational pension from an old employer in order to access the 25% I understand that I'll need independent professional help in order to achieve this and just wondered if there is a standard rate for such work ie how much would it take from my cash settlement Please note I'm sure a number of…
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pension release
hello to all, here is hoping i can get some clear advice, i have a pension sat with a local authority,i am over 55 below 60, i am not in work at the moment, can i access a lump sum of it now or do i have to wait until i am 60, secondly in september i start a new job which will contribute into the local authority pension…
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State Pension Advice Please
My retirement age is 66, I'm now 58. I had a pension forecast letter in 2008 telling me that I had 35 qualifying years at that point. If I decided to stop working before I reach retirement age, would I still get the full state pension at 66 please? Thank you for any advice you can give
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Company Pension issues
Background. October last year The management company for our Company Pension changed (although investment company and funds remained the same). There were a few issues with the transfer, e.g. no on line access to funds till February this year and online access to pension transactions only appeared about a month ago. Since…
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State Pensions
Dear all It has recently been brought to my attention about topping up on NI contributions to make sure we all gain the maximum advantage from our state pensions. As we are members of the European Union, does anyone out there know if we can pay into the state pension of other EU member states and take advantage of what…
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Investing in a Standard Life SIPP
Anyone have any experience of investing in a Standard Life SIPP I have heard that Standard Life exercise Scots Law and not English Law. Would you advise using a provider who uses English Law. Anything else you could recommend about Standard Life.
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Effect of contracting out on flat rate pension
Just trying to run some calculations but realised I don't fully understand the effect of contracting out on state pension entitlement. I've been contracting out for c25 years into a private pension. Do these years count towards the 35 qualifying years I'll need to claim the full flat rate pension. I read here that people…
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choosing my own pension plan with company scheme
hi there, I have just been looking at the performance of a personal pension of mine and my company scheme. My personal pension has vastly outperformed my companies scheme. I was wondering if I can ask for my monthly pension payments (i.e. the amount taken from my pay AND the company contribution) to be put into my private…
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trying to track down numerous pensions
Hi there I am 58 with 5 different pension funds I have lost track of 2 and can't seem to find the trustees. I saw "build a better pension.com" on line and they maintain they can track these down and they want me to sign a letter to allow them to look for these. They say they are a free service but that any financial advice…
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Pension contribution queries
A few random questions: * I know that when not earning you can pay 3.6k into a pension (including tax relief). What consitues as 'earning'? I assume rental income would count (as they're quick enough to tax me on it ;) )? * If I earn say 25k from rental income could I in theory pay all of that into a pension? * If I'm…
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Company Pension Statements
Hello I am asking this question on behalf of my sister. I'm not that au fait with pensions so please forgive me if my terminology isn't correct. My sister started work at a company in 1978 and joined the pensions scheme at the next available date - April 1979. It was a condition of employment that everyone joined the…
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Santander Pension Query
I worked at Girobank/Alliance and Leicester for 21 years until 2001. The company has since been taken over by Santander. On 27th May 2011 I received a letter complete with Santander logo from the then administrators Mercer. I was told that if I completed an early retirement request I would be entitled to a lump sum of…
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Santander Pension Query
I worked at Girobank/Alliance and Leicester for 21 years until 2001. The company has since been taken over by Santander. On 27th May 2011 I received a letter complete with Santander logo from the then administrators Mercer. I was told that if I completed an early retirement request I would be entitled to a lump sum of…
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Should I choose income or growth?
IFAs often talk about structuring a portfolio towards ‘income’ rather than ‘growth’ at retirement. What does this mean in practice? Is this moving to funds that generate dividend yield and corporate bond funds and can you give an example of what would an ‘income’ portfolio may look like? If investments are diversified in…
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Lgps pension on compassionate grounds
Does anyone know about what the situation is re taking ones pension early on compassionate grounds ( not so long to live, just very long term progressive illness). We can find information for members from the age of 55yrs to 60 yrs and the usual proof in having to get a letter from your doctor and proof of ones long term…
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Would you retire on these numbers?
Assuming that you can live comfortably enough on £12,000 a year, would you want to retire at 52 when rough projections show these income results, for a person with average or lower life expectancy: age growth: 6% 5% 4% 3% 2% 1%100 20500 18500 16500 14800 13300 1190095 20700 18800 16900 15200 13600 1230090…
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Divorce and Pension advice
My partner was unable to obtain a divorce as her ex would not sign the papers. she was waiting the 5 years to be able to do it alone. however Her 61 yr old ex has recently been in touch saying he wants to draw his works pension as a lump sum. It seems he needs her to sign some documents to facilitate this. Due to his past…
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Lgps active member with deferred pension age 56 made redundant pension offerred reduc
Hi just wondered if this looks right. I have just been made redundant after 10 years part time with the council. My last 5 years they put me on a contract so i joined the pension scheme.Ihave a deferred pension with lgps of 10 years service from 1976 to 1986 I chose not to combine both pensions as my deferred one allows me…
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Employer trying to reclaim overpayment of pension contribution in lump sum
I got offer of a new job in April (should start in September but that's another story) and when I pre advised my employer it transpired that they had been over contributing into my private pension scheme for the last two years. Beginning of May I asked him to cancel their direct debit immediately howeve today's…
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Pension 25% lump sum
I've just been in contact with Standard Life to tell them I would like to take my lump sum and leave the rest until I decide my next move. I'm considering flexible drawdown but I haven't decided where to put my fund yet. I've been informed I cannot take the lump sum until I close my two funds. Is this true? Is there no way…
