-
Naive question regarding contributions....
Hi. I'd like to ask a naive question regarding making contributions to my work based defined contribution pension - My employer matches my contribution of 3% of my monthly pay. I can pay more but the maximum they will match is 3%. I do not fully understand how tax relief works on contributions - I want to know will I get…
-
Frozen / locked piddly little pensions
Over my working life I have contributed to various working place pensions ....I have four I have paperwork for and the collective transfer value is around £8000 ....do I have to wait till I'm 67 to get my £1.50 a month or I am able to cash them in when I turn 55 ? I know I will pay tax on any payment buy I might as well…
-
IFA commission
I have paid over £6k in adviser commission on a pension fund that I manage myself. Can I recover any of the £6k?
-
Paid up personal pension advice
I have a paid-up (stopped paying payments years ago) with-profit personal pension with Phoenix Life originally started with Royal Sunn Alliance. My last annual statements showed this: Guaranteed basic sum £3393 Existing annual bonus £7328 New annual bonus £5.37 (Annual bonus rate 0.05%) Gauranteed Pension Fund £10727…
-
Can i enrol in NEST pension?
I am currently in the Armed Forces (and in their pension scheme) but i only have 2 years left before i leave the forces. I am trying to enrol in the NEST pension, but it appears that i cannot enrol, does anyone know if i can join? I wont be entitled to employer contributions, but surley i can start paying in myself, after…
-
Internal annuity sales
http://www.moneymarketing.co.uk/news-and-analysis/pensions/why-have-internal-annuity-sales-not-fallen-since-the-budget/2016524.article "Information published by the trade body today shows year-on-year annuity sales plummeted 42 per cent in the second quarter, from £3.1bn in Q2 2013 to £1.79bn this year. The number of…
-
IFA Quote for Drawdown
I have received a quotation from a local IFA to organise and manage a drawdown but have no way of knowing if the figures quoted are good value, and tend to think they seem rather high. I have a pension pot of just over £400000 before taking the 25% tax free leaving around £300000 to go into drawdown. So far the IFA has…
-
future planning advice
(Mods, please feel free to move this thread if you think it belongs elsewhere) My wife and I need some advice. We live in a rented house in an area we could not afford to buy and would like to be able to buy our own house one day, probably somewhere cheaper. Ages: both 44 Gross joint earnings: £46,000 pa My total pension…
-
Stakeholder pension for child
Hi there, My dad is thinking of investing for his grandson, my son, and is considering a stakeholder pension. He would be investing the maximum amount each year. The one question that we can't find an answer to is that when my son gets older and starts work can he join his company scheme or take out an additional private…
-
Investor-specific information in a pension?
Is there any way to determine what investments are held inside a Scottish Widows pension and what the AMC is? Or does it not matter at all? I have a pension with employer, seems to be some sort of group pension. The online login page says Executive Pension Plan. Another part of the page says Stakeholder. The investment…
-
can someone recommend a personal pension please?!
Hi, I'd like to invest into a personal pension, but I'm feeling a bit overwhelmed as to which one to choose! Therefore, I wonder if people here could help me choose please? Basically, I think the SIPP might be a little too complicated and time consuming for me at present. Someone on here on another thread recommended a…
-
don't want this pension plan
Many years ago I was enrolled in a company pension plan and I think I paid for 2 months before cancelling my contributions to it. I then decided to invest in other areas instead of a pension plan. I have a letter from standard life with a plan number but it wont let me register online to see what is in there. Very little I…
-
II sipp admin of merged cyrstallised & uncrystallised funds
Hello, I moved to Interactive Investor from Hargreaves Lansdown where my uncrystallised and crystallised (in drawdown) pots were in separate accounts. This made it easy to manage them separately and to decide when to "tip" more money into the crystallised drawdown account to get the 25% tax free cash. Interactive Investor…
-
Is this legal ?
Hi, Need some advice please. I (along with 76 colleagues) were made redundant on 14th October and the company officially went into liquidation on 13th November. We have just found out that the Pension contribution that was deducted from our October (and final) wages have never been paid to Aviva. Nor did the company pay…
-
Standard Life Pension Charges
While I have SIPPS amd ISA's etc, I also have a pension with Standard Life, invested in a number of their funds (self selected). Now, although SL have an AMC and there is a 'discount' on this, set up when the pension account was started (2003 or so), there have not been any changes since. Did the recent unbundling of…
-
pension dilemma
A friend has just been told she is to be made redundant in 2016. She will be just turned 60. She has no savings or other assets, always useless with money, but the good news is , she has two defined benefit pension schemes, both paying out unreduced at 65. Looking at the new pension rules coming into force in 2015, would…
-
Confused pension newbie
I'm trying to get my head around what to do with my pension. I've currently got a Scottish Widows personal pension (It says strategic fund??) whose current value is £35K. I'm not sure I am getting best value for money (the website says my Annual Management Charge is 1% but I am not sure if there are other charges) and am…
-
Retrieve cancelled pension from Malta
Can anyone give me any advice as to why a lot of IFA'S are not able to help me transfer my cancelled pension plan from Malta back to the UK (in simple terms please).
-
Advice on pension
I have £60,000 sitting in my bank account from the sale of a property. I am told to put it into a pension as this is the best option for me. I am 49 years old. I will have paid into a work pension for 23 years and I am able to retire aged 55 with a lump sum of approx £55k and £1300 per month. I am thinking of leaving my…
-
Will a drop in weekly hours affect pension?
Hello due to changes in working patterns I am considering dropping 1.5hrs per week so that I don't have to accrue hours owed and work an extra day every 8 weeks or so. Just makes life a little easier not having to think about it, but I am not sure if it would impact on my final pension other than in a small way? I am…
