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Do I risk Jeopardising benefits of Pension Credit?
I'm 73 with no savings/income and in receipt of Pension Credit, Housing benefit of £165/week and Council tax discount. The Pension Service have sent me a letter advising that I'm entitled to a Pension for the few years I worked in Local Government about 30 years ago. Is it to my advantage to claim this pension - at the…
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superannuation vs debt
Hey there, this is the closest thing I've come to the appropriate forum to query this. I work for the nhs, earning £23132 per annum as a new graduate. I have nearly 10k debt of various sources due to university in Scotland. It has all been transferred to 0% interest rate balance transfer cards for variable lengths, between…
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WPS refund tax
Finally heard how much MyCSP are paying me for the WPS refund. Letter mentions the tax I will need to tell HMRC about and says it will certainly be 40% and could be 55% how do I know which of the two it will be? Before deciding to take a smaller lump sum and yearly small pension instead.
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Passing on your pension .......
The means of passing on your pension - given we're to be encouraged/enabled to do so - even unto the fourth and fifth generation - seems very flimsy - relying entirely on the pension provider to get it right? This and other cases are worrying:-…
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What to do with my wife's pension she is self employed
My wife has been self employed now for 18 months and she has a couple of frozen pensions and don't know where to start in getting her covered. I'm in a railway pension scheme and I was wondering if it could be worth me paying more into mine which is called BRASS or AVC to boost mine so that it will or should be enough to…
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Info on Pensions & benefits please?
Hello, not sure if this is the right place for this but will give it a whirl. My grandma has let me know she is having money issues (who isn't!) but she said she isn't entitled to any benefits, her rent has gone up and things are a bit tight. I said I would find out for her if there is anything else she can get as things…
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Pension Beneficiaries
Morning, I'm still some 12 or 13 years away from being in a situation that will allow me to start taking a pension but I thought it might be a good time to do some housekeeping and it's thrown up a question. I'm single and have no dependents. I have 2 x DB pensions and 1 x SIPP and would like to nominate my sister and/or…
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Final salary pension ending
Please be kind....my head is screwed on but not with pensions!! My employer is closing our final salary pension and going to a cash-builder one( I don't fully understand it all!) I am 46 and have 24 years on the original scheme and for the last 5 years paid 5% contribution ... New scheme starts in 6 months time. My contrib…
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Final salary pension ending
Please be kind....my head is screwed on but not with pensions!! My employer is closing our final salary pension and going to a cash-builder one( I don't fully understand it all!) I am 46 and have 24 years on the original scheme and for the last 5 years paid 5% contribution ... New scheme starts in 6 months time. My contrib…
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How to gather pensions funds paid abroad into 1 pot?
Hi there, I have been living and working in New Zealand, Ireland, England, France and Canada. I signed up to pensions plans with each job I had in those countries. What do I need to do to make sure that the money I paid towards a pension is collected into the one pot so when I come to retirement age i will be able to…
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Dilemma with lgps
My wife works in a school and is a member of a lgps which she has just started.she earns about £8k per year and has a couple of small pensions that would currently give her an income of about £5k from previous employment with BT and another Lgps period of work. She is 47 years old and wants to stop work at 55. My pension…
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Taxation of Pensions Bill - written evidence
http://www.parliament.uk/business/news/2014/october/have-your-say-on-the-taxation-of-pensions-bill/ "Deadline for written evidence submissions The Public Bill Committee is now able to receive written evidence. The sooner you send in your submission, the more time the Committee will have to take it into consideration. The…
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Help and advice about GMP (guaranteed minimum pension)
I have a GMP from Barclays Bank who I worked for between 1978 after leaving college until 1986 when I left to have my first daughter. The scheme is the 1964 pension scheme and when I left I thought nothing about pensions but received a certificate in 1986 when I left saying because the scheme was opted out of the state…
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Pension fund Bankruptcy
My mother sadly passed away 3 months ago, she had been paying her pension for 22 years and had only been drawing her pension for 18 months. We recently found that her pension had been passed on to the Pension Protection Fund who have informed us they will not be paying any death benefits to us because we are over the age…
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Workplace Pension Advice
Is there anyway I can find out if my employer should have already enrolled me into a workplace pension. We currently don't have any sort of work place pension and my employer currently has between about 100+ works for the company. From what I've read online they should have already enrolled us due to the size of the…
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Early Retirement: strategy
I am in the fortunate position of having a final salary pension that pays out when I am 60. For various reasons I am thinking of taking early retirement when I am 58 in March 2015. The value of the pension is £40,000 PA. If I take the pension in March 2105 it will be reduced by around 10% (36,000 PA). I can see the…
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Company/Trustees Impose Pension Change
Have a final salary scheme due to become payable in 15 years or so and I noticed the inflation proofing had changed from RPI to CPI which I figure will be worse for me and less costly for the company. I take it the company can make these changes if it gets the approval of the trustees or something is written in the trust…
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How long to get State Pension forecast?
I phoned to get a forecast early in October and I thought I was told it would arrive in 10 days. Did I get it wrong? Just wondered in case it's gone astray and I have to contact them again.
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Lump sum question
If you take a 25% lump sum at 55, but leave the rest, does the 10k annual contribution limit apply or can you contribute more(up to the 40k limit currently) into a 'new' pot that will have its own 25% lump sum available later? Also is the pension contribution limit before grossing up, when grossed up to basic rate, or…
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2015 NHS pension advice
Hi I am looking for some advice about the above pension scheme. A little bit of background about myself. I am 32 and have been working (and paying into a pension) in the nhs for the last 11 years. I am currently in the 1995 scheme but like everyone else will transfer into the 2015 scheme. I'm at the age where I'm more…
