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April 2015
Hello, I'm just trying to get updated on the proposed changes in the law whereby at 55 you can take your entire pension in cash, come April 2015. Has this change been 'enacted' yet, or is it still at discussion stages? I'd be grateful if anyone can update me, thanks!
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Pension - Help!
Hi! I am looking for information on pensions and what I should / shouldn't be doing :) I haven't saved for a pension and at 30 I REALLY should have done this sooner (I know!) I have a savings account (Been on the savings board already today) and a work based pension but this is 2% of my wage (Less than £20) and I work part…
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Choose your fund then................
If you follow the received wisdom you find your fund first - piece of cake .................. work of a moment ............ then look for the best path to it -is there any way to short circuit searching for the best path to investing in your chosen fund? PS Without troubling an IFA.
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Pension Funds
Everyone looks at investments differently I thought it would be interesting to share thoughts and get other view points around specific funds. For example what's popular at the moment has anyone invested in: "FL JPM Natural Resources Pn" for example is it a bad move maybe.
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Section 32 absolute confusion
I have a section 32 policy with a GMP of just under 10k and widow’s pension. At this time last year I requested a statement just to see where it was and according to my pension company Aviva I had two options, take the GMP with a small cash sum or take approx 225k as an ‘open market ‘ option. The latter appeared to be the…
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Transfer pension to SIPP?
I've long been tempted to switch my pension with Skandia to a SIPP with my existing online broker (TD) but have refrained from doing so because the consensus always seems to be that a PP is cheaper. On the face of it, this appears not to be the case: TD's SIPP charge is 0.25%pa and I'm currently paying 0.75% with Skandia.…
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Fees
Just been looking into a pension for the first time. Didn't realise it was so expensive! I am a 50% shareholder in a limited company and am looking to contribute around £200pm with quite a high-risk profile. How should I choose who to invest with and what sort of fees are standard? Cheers GBB
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Section 32
My wife's section 32 with gmp from Aviva is due when she is 60yrs next year 2015, she did speak with Aviva yesterday on the phone and everything seems to be on track apart from when my wife asked what the current fund value was and was told 68k but according to her policy details the fund value is 89k!( also confirmed by…
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S&S ISA as non-official pension
I am saving into a personal pension (self-employed) but after realising the government can change the age at which i can access this, i would like to put some savings into a stocks and shares isa to use should i wish to retire earlier than the official pension age (i'm late 20s and do not want to work to 70 as talk seems…
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Probably a silly question but regards to law
So I am currently at a large company that does a work place pension, I am considering going to another company with offices based in the UK (London). I remember I asked before I went on holiday about the benefits, and specifically pension. They said I need to have worked there for 2 or 3 years to have one. Now, that struck…
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Openwork
Hi. I have a pension that is managed through Openwork. I don't really know much about financial stuff. This was recommended by a pensions adviser. Is it worth staying there? Any thoughts / comments please.
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Section 32 query
I am due to retire in Dec 2014 at age 65. I have a small section 32 pension with a GMP of approx £2850 per year. Apparently the fund has not reached the amount needed to pay this GMP but I know they (co op ) will still have to honour the amount. My question is would it be at all possible to forgo the GMP and agree on a…
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Bond allocation advice please!
My investment horizons have recently changed and I may need to start drawing an income in the next 5 years. The general advice for someone in my position seems to be to reduce investment in equities in favour of bonds. I have always been all in equities but have decided to reduce this and hold 20% in bonds. Some people say…
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Nice pension surprise
Mum used to work at Woolworths about 30 years ago, and apparently was in the pension although she cant ever remember joining it. Anyway few months back she got a letter from a company called Kingfisher who were asking some details in regards to a pension she has with them. She rang them and said you must have the wrong…
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When can I retire
Ok so I have a final salary pension which I plan to get on my 60th birthday. Can I claim my pension and continue to work for the organisation at the same time?
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Non-taxable annuity?
I am in receipt of a small annual pension annuity which arose from a pension policy set up as a means of redress after a pension review by the provider. Should all of the payments be treated as non-taxable as well as the original 25% lump sum payment?
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"Lifestyle Option" - thoughts
I have just received a letter from my company pension telling me that the default pension scheme, if I choose to use it, will now be a "Lifestyle Option" rather than the current With-Profits scheme. Anyway, had a quick look at the literature and this Lifestyle Option is one where you let the Pension Provider manage your…
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tax on state pension, PAYE or self-assessment?
on the hmrc website it says that: "HM Revenue & Customs (HMRC) normally asks your pension provider to collect any tax due on your State Pension or other benefit at the same time. They do this by adjusting your tax code to take account of the State Pension or benefit" so, my question is then, can i request that the tax on…
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Small SERPS amount should I combine?
Hi - firstly im a newbie to the forum and really don't understand pensions etc. In short, I was advised to 'opt out' of SERPS in 98/99 when I was hourly paid. I didn't know what it meant (and still don't) but in essence created a very small pot with CIS (Coop) of £5K I now have a Company Pension, and want to know if its a…
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Skandia pension withdrawn from Cavendish Online?
I eventually got my finger out to start the application process for a Skandia pension via Cavendish Online only to discover Skandia is no longer an option for a personal pension there! Does anyone know why? What are the other options to Cavendish as far as DIY personal pensions go? HL seems to be more SIPP based. I think…
