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Pension wrapper advice
Hi, I have a pension that I no longer contribute to, and wonder if I would be better moving to a low cost scheme to save annual charges. Any advice would be really useful, because I am not clear that any potential gains would outweigh the pain of moving! My situation is that I have an Aviva Stakeholder Pension set up by my…
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Pension overpayment. Made offer, now want rest
Sorry if this is in the wrong place. My dads works pension was overpaid on his death totalling £1300. After many discussions and threatening letters from them I offered a full and final settlement of £600 in July of this year. I enclosed the cheque which also had the words in full and final settlement on the back. In…
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Accessing a pension pot tax-free
Hello everybody, I've come to this board for some suggestions and guidance about taking my tine private pension. Thanks in advance. First a few details about myself: single, male, will be 65 in February 2015. I finished paid work five years ago, and have been living off my savings and investments, mostly S&S ISAs and…
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Should I Merge My Two Pension Schemes?
Hello I've started a new job at a private company and I have joined the employer's pension scheme. I'm wondering if it would be best to transfer my previous pension scheme (local government) into my new one (private) or leave it be and have two. Any advice would be much appreciated. Many thanks.
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A Steam Train Is Due Soon
Sorry wrong forum :o
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work based pension and maternity leave advice
Hi, I am looking for advice on the following situation. I am in a work based pension scheme where my employer contributes an equal amount. I have been on maternity leave and only received statutory pay. I have not contributed to the pension scheme whilst on maternity leave. I was not asked/informed about opting out of the…
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Gold SIPP: Does paying custody fees invalidate FP2014?
After being made redundant in June 2012 at the age of 52 with a generous severance package and a decent DB pension pot I decided take it easy for a few years then start drawing my DB pension in April next year when I will be 55. With no debts and fully paid for house this strategy has worked out very well so far. But…
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Pension Form Query
I am due to recieve my pension in December and I have been sent a form for my wife to apply for a pension based on my contributions, which they say she is entitled to irrispective that she is not British. my query is this, my wife is Latvian and has not worked since our marriage 12 years ago, she is not a British Citizen…
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SIPP Contributions – Personal vs Company Account
I run my own business as a limited company and have just set up a SIPP. In terms of making monthly ongoing contributions – as I understand it – I can either pay via my personal account and gain tax relief (in effect adding 25% to each contribution), or pay from the business account and claim tax relief for the amount of…
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power of attorney
my friend says that the power of attorney is costing her 50O pounds to add a family members name on it. is this normal?how much does it normally cost?
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Lump sum into company scheme
New to this so excuse my ignorance. I'm 43 with no dependants or mortgage. Have a good amount of savings with a Stocks and shares portfollio currently paying around £20k in income per year and pay full amount to isa every year. Currently have deferred pension with Bank of Scotland (small amount as worked for them for 5…
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How much tax should i be paying
Hi Everyone , Having just retired , i would be grateful of some advice please. My total income of my pension (private and state pension) is a grand total of £13.900 per annum . Can someone please tell me how much income tax i should be paying and how its worked out. I am not up on these things and would like some expert…
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Final salary scheme
Hi, I am a member of the Arcadia defined benefit pension scheme and have been in a consultation process regarding the possibility of leaving the scheme and transferring the pot to a defined contribution scheme. The advice given was to stay in the scheme, however I do wish to leave. The independent financial advisor was…
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Need advice in transferring my pension?
Hi, I've recently changed jobs - in my previous role my employer and I paid into a Fidelity pension and over the 3 years it's built up to a total of about £12k. In my new role (a startup) my employer doesnt contribute to a pension (yet), and I can't continue to pay into my previous Fidelity pension. So I need to transfer…
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Married persons pension.
I am very confused by pensions. I currently get basic, pre 97 additional, extra basic state, extra additional state and graduated retirement benefit. my wife is due to pass her 60th birthday in December this year and has about 26 yrs NI built up. Will we be able to claim a married couples pension or will we have to wait…
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pensions in aviva wrap
Hi Learned peeps! I am 62 years old & my wife is 60.We are both still working although my wife is part time. We both have our pensions in the aviva wrap, we are debt free,own our house & we also have another house which is rented out for £560 p/m & worth about £130k(no mortgage) My wrap is worth £70k having increased by…
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When do I get my lump sum
I retired from Civil Service on Friday 24th October this year. I have not yet had my lump sum paid to me. I contacted myCSP two days ago who told me all 'appeared' to be in order and that there had been activity by the 'robots' on my account. The person I spoke to was unable to give me a date as to when my lump sum would…
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NI contributions / state pension / benefits
Hi all Posting on behalf of my brother who has been in receipt of DLA (if thats the one thats recently been stopped and replaced by ESA or whatever) for many many years. In all this time noone has mentioned or considered NI contributions - somewhat worried that he may be ineligible for pension because he hasnt paid any NI…
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Quick Qu on transfer out of a BD scheme
What would be considered a fair CETV ratio from a BD scheme (IE, £xx amount per year) to a pot of money. Brief details of the BD scheme:- Minimum 5 years of payment after pension is activated. 2/3rd's Widow's pension. Thanks in advance.
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A question about using tax free lump sum first
This is an artificial set of numbers so that I can pose a question. Suppose that I have a DC pension pot of £360k (in addition to other pensions). I might retire at 60 and want to draw £15k per year for 6 years from my DC pot until my state pensionable age of 66. So I could take 6 times £15k from the 25% tax free cash (at…
