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Pension Planning Spreadsheet
Ladies and Gents, My company starts the auto-enrol scheme next year and so it's kicked me up the rear and made me think it's about time to start planning for future. I'm completely naive when it comes to financial matters, so was wondering if there's such a thing as a spreadsheet that can help me along the way? If not, can…
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Tax and N.I. merger & pension
Hi all, I would like the forums views on the suggested merger of N.Ins. and income tax, relating to people retired and in receipt of a pension, be it state or private. Will one have to pay the extra tax ( suggested about 30% basic ) or would ones tax allowance be uprated. I feel one would if ones pension is above the SP.…
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Company Pension
Hi We are a very small company with just two employees, my son and myself. I am over the age of retirement but my son hasn't got a pension and the auto-enrolment law has made me realise that I should pull my finger out and get something organised. Should I just use the scheme under the auto- enrolment or would it be better…
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Actuarial valuation of a widow's pension?
As Executor, I am trying to sort out a relative's will. In accordance with a Consent Order between him (the Respondent) and his ex-wife (the Petitioner), he bequeaths "The capital value of the widow's pension which the Petitioner would have received in accordance with the Church of England Pension Board Regulations [he was…
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Auto-enrollment - Trojan Horse?
I was browsing the web, to check on current thinking / progress on autoenrollment, and hit on this article: (Can't post the actual link, so please paste into you browser, with the usual prefix, and remove the spaces) adviser .aegon .co.uk/ Support/Business-brain/Transform-ideas/Proposition/cms_025089#! I can't help feeling…
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Interactive Investor (III) - New SIPP charges coming soon
I've noticed on the III website that they are charging their SIPP pricing again. http://www.iii.co.uk/sipp It just states: "New SIPP Pricing - We will be announcing our new SIPP pricing soon." Has anyone heard what these changes may be, and whether they are likely to be for the better or worse ? I'm still in the process of…
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STATE Pension ALERT !
From 2016 there is a new state pension for those born after 1953. Read the information on the GOV.UK web site. /"new-state-pension/print" and pay particular attention to Section 4. Is this a long term intent to remove or means test for the new state pension when you get to the grand old age of 67. No wonder there was a…
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Aviva stakeholder direct application?
Anyone know if Aviva have stopped offering their stakeholder pension direct (i.e. without going through an adviser?). A few weeks back the website had an option for an "illustration" which led through to an online application form. I was going to apply but needed to sort out a few things first, and now I come back to…
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Pension advice pls - company contributes
Hi, About a year ago I started paying into a pension scheme provided by my employer. I can choose how much I pay in and am considering whether to increase my contributions and would welcome some advice. I've always been nervous of paying into a pension because of the risk factors of losing some of the capital and also…
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In LGPS for 6 months, refund or transfer?
Hi, I've been in the LGPS for six months (since 01/02/14), paying about £130 a month in, about £780 in total. I'm starting a new job in the Private Sector in a few weeks, they have a non contributory pension. They basically match my contributions (6%) I think. As I've only been in the LGPS a short time is it better getting…
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Salary sacrifice and imminent retirement
My OH is a lecturer at a university and a member of USS. His salary is paid via salary sacrifice but the uni does not share any of its NI savings with its employees. In April 2015 (tax year 2015-6) my OH will be 65 and so will not have to pay NI. He hopes to continue to work for a few months beyond his 65th birthday. When…
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Scottish Widows Retirement Account compulsory £650 fee
So I was keen to pursue the above, then I was eventually told about this compulsory fee. I don't want any financial advice. I want to make my own investment decisions, mostly in trackers if possible. Shpuld I be going for a SIPP? Does a similar fee apply for other similar personal pensions? What about SIPPs? I've…
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INTERACTIVE statE pension forcast ISN'T !
Has anyone else discovered that the governments "INTERACTIVE" state pension forecast - ISN'T interactive ? at least not on Adobe Reader X !! https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/319977/br19-interactive.pdf
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Annuities - What Happens to Pension Pot?
Just wondering - once someone hands over their pension pot to an annuity provider and the provider starts paying the annuitant, what does the provider do with the pension pot of money?
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Pension - withdrawing.
Hi, I used to work for Friends Prov, I entered into a new generation personal pension plan. I have just had a letter from them telling me how much is in it. Not a massive amount, but a enough for a deposit on a BTL house pretty much. I know there are some rules coming into pay next year, but I dont really know the details.…
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State pension paid weekly?????
I am due to get my state pension on 24th July,which is a Thursday,and my birthday is that day,also,my NI number ends in 60,which is also the day they pay out those pensions,I am trying to find out if I can be paid weekly,or is it now that I have to be paid 4 weekly??Thanks.
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How stupid is my plan?
Hi I work FT for a Uni and pay into a USS pension. I'm happy with that part, esp. as it is a final salary scheme. I also work PT for the same Uni, and have been paying additional payments to USS. The trouble is, it buys me time, doesn't add to my final salary, and when I retire FT I will have to retire PT too (which I…
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Forces pension on divorce
Hello Can any sharp minded people take a look please........ Served 14 years in the armed forces . married for 12 off them No Children , married for 23 years to date Got medically discharged after 14 years and receive a tax free pension of £660 per month . Also receive a war disablement pension of £140 per month tax free.…
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Public v Private Sector Pensions
This has probably been discussed to death but a friend of mine is on a fairly low salary, £23k, and he reckons over his lifetime of work in the public sector with his Nuvos pension scheme, he'll be looking at around £22k per year in pension. Despite being on a much higher salary in the private sector, I would absolutely…
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Pension charges - does this sound about right?
Hi All Just a quick check - I have a flexible PP with Aegon (Scot equitable) I'm invested in these 3 funds below and the percentage of my contribution is shown. Aegon mixed - 40% Se Newton balanced Managed - 40% Se First St Asia Pl - 20% Plan Value is about £13.5k In the last 12 months my gross contributions £2882…
