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Please can anyone help me?
I will now receive my state pension in 2020. I have asked my local MP whether there is any provision made by the government to help those of us who have to wait 6+ years to receive a payment. My MP just waffles on about their being help from Job Centre, but this is not the case as I have not paid NHI Contributions for the…
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Should I defer?
I retired from work in June aged nearly 66, having deferred my state pension for 11 months from when I reached SPA. I have now been asked to return to work to assist with an IT project, with will last about 12 months. I will be paying standard rate tax and my question is: should I defer my state pension again and earn an…
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Pension for new baby
Hi, We are expecting a new baby and I read an article in the paper recently about pensions for children which I had never considered before but on the face of it makes sense because of the top-up and inability to access at 18! A few questions I would be grateful for some help with from the forum: - I think it said basic…
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Pension drawdown queries
Hello, I actually have roughly three questions to do with pensions. First, I'm 59 and need a lump sum to finally purchase title deeds for an overseas property which is otherwise paid for, so I can either rent it out or sell. I already holiday in it but knew from the start the title deeds might be a long time coming. They…
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Pension withdrawal cooling off period?
My mum decided -I suspect induced by some mailshot or something- to remove 25% of her small pot pension for some house renovations. As I explained that I thought this was a bad idea she informed me she had already begun the process using a very shady looking -to me at least from a quick google- financial advisor who is…
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ill health retirement pension
just wondered if anyone would know this. ive been given diagnosis from consultant specialist after year ot test and being off work sick, not terminal but lifelong, no cure, treatment is managing symptoms to slow deterioration. has also said i'm not capable of working at any job again, due to condition and side effects of…
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Pension uncertainty
I have contacted the pension provider with these queries but they are being very coy it would seem... when they do respond that is. I worked for a company between 2003 and 2008 that had a defined benefit scheme. I only contributed 2k in that time. The defined benefit aspect of the scheme was withdrawn in 2010 so my first…
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Mr osborne
Has Mr Osborne done me a favour? Thanks to the new pension rules, after next april I can now draw my pension as a lump sum, then draw the rest over the next three years to avoid to much tax on the rest. With the capital plus savings , I can invest in a rental property that will give me a better income than the paltry…
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Pension draw down in old age
If I'm not in the right place, apologies. My question: my father is 93. He has been drawing his private pension for forty years. Currently not in good health. He is not sure how much is left in his pension pot, but should he die soon his wife would not be entitled to any of his private pension and payments which are…
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MSE News: David Cameron - We will give pensioners security and dignity
The pensions system is undergoing massive reform over the next few years. In the link, the PM writes exclusively for MoneySavingExpert.com to explain the changes and why his Government is shaking things up.... Read the full story: David Cameron: We will give pensioners security and dignity Click reply below to discuss. If…
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Pension help needed
Hello all, for the first time in our married lives we will have an income which exceeds expenditure. Husband is 52 and is a lorry driver working on temporary work via an agency. I am a stay at home wife. There will be about £300 a month extra for the next 5 months . We dont know what his wages will be after that. Should…
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Insurance trustees - Credit Check?
Does anyone know whether a trustee for an insurance trust (set up if parents were to pass away to be more tax efficient) would be credit checked? I appreciate that you should only consider people with a good financial history, but curious as to whether there are any checks done. I am aware that there are some exclusions to…
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g.a.r
Back in 1985 I took out a sun alliance with profits pension policy, now phoenix. it has a G.A.R, do they still have to honour this? or should I seek the open market option?
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Should I overpay my mortgage or add to my pension
I'm sure this has been done to death. I'm currently on a pretty good deal on my mortgage, 3.84% locked in for 10 years. I'm sure the rate will jump up at that stage however. So it is tempting to overpay as much as I possibly can during the next 10 years. However my real aim is to retire (or at least have the option to…
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How come my wife gets paid her small private pension without tax deducted pension
My wife is paid a small private pension from the Prudential without tax deducted because her total income is less than the level that she becomes liable to pay income tax. This avoids her having to claim back deducted tax. My sister wants to know how I arranged it and I have forgotten. I have looked on the HM Revenue and…
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State Pension Post 2016 'Contracted Out'
Does anyone know if I will get a full state pension after 2016? At present I have 33 years NI contributions but I was contracted-out for 20 years, my contracted out part is now worth approx 40K
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Can Mother claim deceased Fathers pension?
Hello everyone, I'm posting this on behalf of my Mother who is looking for some advice. My Father has unfortunately recently died. He and my Mother separated about 20 years ago. A few years later they were granted a Decree Nisi but for various reasons never followed up to get a decree absolute. My Father has been living…
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Teacher Pension and SIPP
Currently contribute 9.5% of salary to a Teacher's Pension and would like to add some extra savings into a SIPP. How do I find out how much I am allowed to add? I gather there are restrictions. Thank you.
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Avc
At present I receive payments twice-yearly on an AVC that I took out many years ago. I have made a rough calculation and it would appear that under the present circumstances, I must survive beyond my 120th year in order to recover the contributions. Is it possible to claim the outstanding balance as a single payment?
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Fund manager charges report
http://www.fs-cp.org.uk/publications/pdf/investment_discussion_paper_investment_cost_and_charges.pdf 1. Key Findings 1.1 After a review of a wide range of studies and methods of calculation, the Pitt-Watson team concluded that the full costs borne by savers are simply not known, and costs are deducted from the fund…
