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Pensions, annuities & retirement planning

Archives for November 2014

To cap it all ......SIPPS.
http://www.professionaladviser.com/professional-adviser/opinion/2383735/why-labour-is-right-to-threaten-a-cap-on-drawdown-fees "But there remain dark pools where the light of reform has not shone, and the management of much of the money currently being drawn from self-invested personal pensions (SIPPs) is the darkest. It…
MSE News: New standards for pension providers to be introduced
Pension providers will be required to check whether or not customers buying their products have already taken guidance... Read the full story: New standards for pension providers to be introduced Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New…
Contracted Out and State Pension help?
HELP>>>>> I have worked since 1980 for the same company where i started at 16 years of age .I am now 51. I contracted out in 1987 and stayed out until 2012 when contracting out stopped. I contacted the Pensions for a state pension forecast recently and was told mine was £113 .. I was then informed rules will change in 2016…
pensions and the CSA
Hi am hoping for some help here...I`m planning to retire next yr and was wondering if the CSA can take deductions from my pension EVEN though it was part of a pension sharing order...(My exwife got 33%)
Gripe re Pension start date.
Hello all, My 65th birthday falls on a Thursday and the state pension will be paid 4 weekly in arrears. However what bugs me is that the first payment will not be paid out until the following Tuesday. So who is grabbing 5 days of my pension and how can that be justified after nigh on 50 years of hard slog ?
New pension rule 2015
I have a couple of pensions and would like to access the smaller of them after April 2015 - this is a Scottish Widows one. Am i able to access 25% as a tax free sum and keep the rest invested in the scheme and at some point in the next 2 years (i will be 65 in October 2016) use the open market option to transfer the rest…
How to protect 5K of income from the taxman before April?
Hi All. Following a mid year pay review I am in a position where by April I will be falling into the upper earnings threshold by approximately 5K As I don't complete a tax return and have no desire to do so I would prefer that my P60 earnings shows me in the 20% band. My company operates a salary sacrifice pension scheme…
Transfer civil service pension or start another scheme.
Hi all, Coming towards the end of a divorce process. The marital home has been sold and the money made from the sale will clear the outstanding debts :beer: and give me a 25% deposit on a new property (property is £105,000). I work in a civil service job but i'm also self employed, the self employed work represents about…
Pension Conts Refund (Opt out local government scheme)
Hi , I have opted for a refund of cont's , I paid approx 1635 over an 18 month period , what can I expect to be refunded , ie -20% - 1.6% - CEP ?? What is the rate of CEP ? does anyone know please as I cant find info anywhere ? :)
Funding Early Retirement Before Taking Final Salary Benefits
Hi all, I’m a first time poster and I’d be grateful for any constructive comments and advice. I am aged 58 and I have suddenly had to take medical retirement from work. I have a defined contribution company pension fund of £400,000 with AVIVA and I also have a final salary scheme from which I plan to take a yearly sum of…
Restart pension after not paying in for years?
Hello, I started a personal pension with Friends Provident way back in 1988, paid in for a few years (six maybe) then let it lapse. I still get a statement once a year and have about 25K in it. My question is, would it be possible to start paying into this again assuming I wanted to? I know I could phone them and ask but…
Appreciate feedback...
...........
Giving your pension to someone elses
Hi My girlfriend wants to give me her small pension fund, in other words put it into mine. Is this possible? Thankyou in advance
Auto enrol.
I have just received letter from Now Pensions to say I have been Auto enrolled with them. I am not in employment and am already in receipt of a company pension. I am 63. Does anyone know anything about this company and can someone explain what all this auto enrolment is all about? Thanks
DIY drawdown
Hi, First time poster so please be gentle! I am helping my father arrange his pension and would like to see if the DIY drawdown route is an option for us. He currently has a pension pot of about £265000 and is planning on taking 25% lump sum. He will be left with a pot of about £200000. He understands the annuity options…
Dropped flexi-access fines for not notifying all pensions
The fines for not informing the provider of every pension you've got money with that you have started flexi-access drawdown have been dropped (detailed amendments). There's still a requirement to notify but now it's only those you pay into now or in the future that have to be notified and the time has been increased from…
paying extra into pension
Hi, I have a LGPS which i've been paying into for 2 years. I'm already 42 so am thinking I should probably make extra provisions. The trouble is I don't really know what questions I should be finding the answers to. Is it ever a bad idea to pay into the same pension or should I spread savings around a little? How can I…
public sector pensions
Yesterday on the television we had the head of Surrey police saying that they had no money and faced further budget cuts. however what he failed to convienitly address is the fact that many in the police as do in various other public sector areas take the retirement on a Friday at 55 and restart on the Monday near enough…
P60 forms
Hi, Have retained my yearly P60 forms though out my working life and now have had the state pension being paid for 2 years without problem at the expected levels. Do I need to retain the P60 forms ? cannot find any mention on the .gov site
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MSE News

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Pensions, annuities & retirement planning

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