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NHS Choice 2.... what are people doing?
I've just received my Choice 2 paper work, another opportunity to move from the 1995 to the 2008 pension offer. I've been in the NHS for 8 years but have another 35 years to go before I'm eligible for retirement (!) - it makes making the decision impossible, my national pensionable age is actually 68. I'm an allied health…
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SIPP Providers
Hi, I know everyone is trying to keeps costs down to a minimum these days, but how long should I expect a company to respond to an email question? I was looking at Youinvest and Interactive Investor SIPP's, and decided to ask a question relating to pension transfers. The idea being that I can assess their responsiveness to…
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UK Pension Pot, But non UK tax payer
Hi I have a UK pension pot, that accrued over the years before I emigrated to the USA. Once I emigrated I stopped paying into the pension as I was no longer a UK tax payer and was not entitled to the tax relief. Since that time it has sat in the pension fund not really doing much except providing fees to the advisors The…
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Best way forward
Hi all, I am an unemployed 57 year old, receive no benefits as my spouse works and have just found out that I have a preserved final salary pension with a transfer value of almost £183,000. I have a small annuity of £680 pa from a previous job. I wish to take as much as possible from my transfer value in order to purchase…
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Future Inheritance Advice
I have an aunt who is 80, in good health, single, no Children and she owns her house worth @ £150k mgte I am the beneficiary of the house in her will. I have paid for new Windows , doors etc to make house comfortable for her and she is asking to spend more on house. My concern is that should she need nursing home in future…
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IFA Quote
We have a combined pension pot of approximately £480k and an IFA quotation of £1460 for initial analysis and solutions, plus £180 per month for ongoing management. Is this reasonable? Your views would be much appreciated.
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Drawing Pension\Paying Pension
Apologies in advance as I'm sure this question has already been asked on here:- OH is 60 next year and wants to reduce his working hours then. He is looking to take some tax free money and possibly put one of his pensions into drawdown to do this. However, he still intends to work and will have earned income on which he…
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AVC advise needed
Hiya everyone My hubby never used AVC in the last a few years. Now he is trying build up fund in Company AVC scheme and wanted to use previous years pension allowance. That is where we get confused. He asked the pension department but they dont seem dealing with previous years contribution. Basically hubby's salary is at…
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AE Employer Contributions & SIPP's
I am hoping we have a pension expert who can give me a pointer regarding AE and SIPP's. As I understand, if a member of staff wishes to opt out of auto-enrolment, they lose entitlement to employer contributions. The major providers of SIPPs, BestInvest, HL and so on, do not seem to offer a SIPP for individuals which are…
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SP2 - Pension reform
Hi Chaps , new to the forum so a big hello but please be gentle. At 45 I am trying to do a little financial planning - Last year when I entered the government gateway it told me I had built up an SP2 entitlement of £37.00 a week. With pension reform with us in 2016 do I loose this or keep it ? I assume if I keep it it will…
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SIPP Help
Hi all I have a SIPP worth around 28k an want to know under the new rules how much I can drawdown in April I have asked the SIPP Centre This Would you please advise me under the new government legislation on pensions what is the maximum amount I can draw from my SIPP in April 2015? Also what do I have to do to increase the…
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Portfolio Value of a DB Scheme
My wife and I are both in the LGPS and in addition I have a deferred DB pension from a previous employer, we are both about 55. Assuming we left the LGPS scheme now, at 65 they would pay out: Me - £8.5k pa Wife - £11k pa, with an AVC pot alongside this that should provide the TFLS without commuting any of the LGPS pension.…
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Who are Target Professional Services?
I have received a letter saying they need up dated detail, their letter does mention a pension scheme I am associated with. I have googled, can find their website but am always wary of contacting anyone and giving details away. Any information would be useful thanks.
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Company pension allocation help
I've (fairly recently) joined a new company, which offers a 4% (me) 8% (them) contribution to a DC pension managed by Fidelity. Total contributions are about £700/month, via salary sacrifice. The fund options are quite limited: Name ISIN Allocation TER Risk levelFid BlackRock Corp Bond Fund All Stocks GB00B09SRJ29…
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The Pension Review - help please
Several years ago I was mis-sold a pension by the Prudential and was offered 100 pounds in 2002 as a redress from the Pension Review which I declined and I heard nothing else on the matter. From 2011 a guarantee started to show on my annual statement which stated Following the Review of Personal Pensions required by our…
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Aviva/Norwich Union
quick question... When aviva say my guaranteed benefits are greater than the with profits fund growth , because I have a GMP guaranteed at 8.5%...what happens at the benefit date ? They say I have an open market option to to take my capital sum and price an annuity from elsewhere...but as they haven't added any bonues for…
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Self Employed: How much can I actually put into my pension
Answer found. Nothing to see here
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LGPS Advice
Male will be 63 Early April 2015 I have had a pension forecast from my employer with a retirement date of 31st March 2015 The forecast looks good Taking 25% of my pension as a lump sum (£12 for every £1) I would still be liable for basic rate income tax on just over £2,000. I have also paid AVCs to the Prudential for a…
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Threads we think could be moved to the Early Retirement Board
There are quite a few of us on the Mortgage Free Board who have been saying they'd like somewhere to discuss plans for financial independence and/or retiring early. Although we all talk of overpaying our mortgage for most of us it's only one part of an overall strategy (or at least, we'd like to form an overall strategy!)…
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Is my pension contribution "worth it"
Hi. Just after a bit of advice. Im currently only paying 2% into auto-enrolled pension. Employer matches the 2%. I also have a small amount from a pension at a previous company (less than £1k) that I have the option of transferring or receiving back. I keep asking myself if this 2% im paying in is really worth it?? Im in…
