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my temp job has given me a pension - advice please
Hi. I'm temping but my temp job recruitment agency will automatically enrol me into pension from mid-january. I think under new government rules. Just wanted advice - about whether it is worth putting extra money in or pulling the money out totally (if that is easy to do). I know very little about this subject. Think I may…
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my temp job has given me a pension - advice please
Hi. I'm temping but my temp job recruitment agency will automatically enrol me into pension from mid-january. I think under new government rules. Just wanted advice - about whether it is worth putting extra money in or pulling the money out totally (if that is easy to do). I know very little about this subject. Think I may…
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Calculating Annual Allownces
As the Civil Service Pension Input Period ends in a a couple of days for 2014 - Can someone help me with the calculations? Saw this helpful paper and just wanted to check http://www.civilservicepensionscheme.org.uk/media/34467/epn-310-annex-a.pdf If form one year to the next - due to no pay rises / promotions etc for the…
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Deferred pension advise needed!
I have a question which I hope someone can help me with. I paid into a works pension from 1976 to 1998. Normal retirement age was 60 but the pension could be taken anytime after age 50. At age 50 (2010) I was asked if I would like to take my pension early or defer it to age 55. The illustartion of 2 options open to me if I…
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How much can I take?
I have just received a letter from my pension people saying that my pension is worth £14000 at today's rates. I am 57 and want to take some money out...how much can I take and is the £14000 a guess or can I take it seriously (the plan was started some 25 years ago and I paid in £2500 then)
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Drawing more money from a pension under new rules
I appreciate that we may not know the full details until the Spring but does anyone know if my husband would be able to access anymore cash from his pension with legal @ general ? He took 25% in 2008 and has been in receipt of a small pension since that time. I'd need to dig out the paperwork as not sure if that's under an…
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Desperate Measures Called For - Ideas Welcomed
I am self employed and not unhappy with my work but not entirely happy either. After many years self employment I realise I have a woefully inadequate pension provision at now, age 52 I am concerned I've left it too late. Have seen a financial adviser but he didn't really inspire me other than suggesting switching funds to…
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deferring state pension
I plan to defer my state pension. What happens to my Additional State Pension does this grow as well or can I take that alone?
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At 24, should I worry about a pension?
Hello, I'm 24, and I do want to start a pension with my current employer who offer a good pension scheme. However, this is my second 'proper job' since University and I'm not sure I'll stay for that long. I really haven't decided on a career, so I want to try new roles and gain new experiences. I may also be moving to the…
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Wwyd?
Hi everyone. My boyfriend is in a bit of a quandary. He is 26, and works full time and is the only employee of his employer. He doesn't have a pension, and I made him aware of the auto enrolment rules coming into force soon. He asked his boss, who said it wouldn't be for a while that he gets one. Having a pension in place…
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Fantastic help received this year
I have had three major questions answered on the board this year. Thank you to all contributors. I ought to mention that Jamesd has given me a superb helping hand through his attentive answers. After many month, the Fujitsu pension trustees have agreed to amend the plan rules such that I can take my AVCs tax free. That in…
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pension advice needed for my mother
my mum is reaching pension age next year, the thing is she has not worked a day in her life , my father, her husband was the breadwinner he passed away almost 10 years ago, since then she moved in with me, where everything is taken care of i did help my mum to claim jsa a few times in the past but due to her mental health…
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walking away from IFA?
Hello I'm writing to ask whether I should walk away from my IFA (I think I should) and how I should best break the agreement I have with him. Following some helpful advice on this board I sought the advice of what looked like a good, local IFA with Chartered financial planner status. I was clear in what I wanted, provided…
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Deferring state pension
Is deferring the state pension and living off savings and works pension a good option with current interest rates being so low?
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Can homeless person claim pension?
I am 68 years old, without a bank account and homeless. Is it possible for me to claim my old age pension please?
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Sacrificing bonuses
At the moment my employer offers salary sacrifice on wages but not on bonuses. What advantages to them can I use to convince them to allow this?
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Bankruptcy protection for pensions
Some good news for pension protection. In the Horton v Henry case the High Court has refused to follow the Raithatha v Williamson decision where it was held that a bankrupt 55 or over could be forced to draw down his pension to pay creditors. So Mr. Henry could not be forced to start taking money from his SIPP just because…
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Cost averaging
Morning all Had a decent bonus at work and decided to sacrifice the lot into my pension, will have £12K payment going in to fund third week of Jan. Would you just let the default action happen i.e. buy funds on the date the payment is made, or put a percentage of the payment into a cash fund and then buy funds over the…
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SIPP/Pension help
Hi Another long time lurker here in search of some guidance. I am 24 years old, and have not as of yet contributed to any pension scheme (personal or employer based). I am looking to set up a SIPP as I am keen on the idea of the popular Vanguard Lifestrategy selection of funds with the intention of holding until…
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Legal loophole for EMPLOYERS to opt out?
My friend has been told by her employer (small day care nursery, employee numbers well under 50), that her solicitor has found a loophole that means she doesn't have to set up a pension scheme for the employees at all. I haven't found out the details of this supposed loophole and searching on the internet doesn't throw any…
