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MSE News: Schools to teach teenagers about pension planning
"Schools are to provide those aged 13 and over with lessons on pension planning, the Government has announced ..." Read the full story: Schools to teach teenagers about pension planning Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum?…
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Young(ish)Pension Planning w/ a Stolen Pension
Hello, Im 33,No kids (but will probably have two), buying my first house on a 25k mortgage (3bed, probably won't upsize ) and currently earn 50k, though this will drop to 40K within the next couple of years for the future I had most of my first pension stolen when my employer went bust, The remaining 6K has become 10K with…
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Annual allowance carry forward
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Will pensions soon be better than savings
My income consists of a company pension plus returns on savings, total well below tax threshold. In some past tax years, I contributed lump sums into a stakeholder pension scheme, typically £2,500. Each payment was then topped up by HMRC to £3,125, and the scheme fund has been growing at more than 10% per year averaged…
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Where can I learn more about pensions?
Hello, I'm graduating in June this year, aged 24. I have a graduate job lined up already, and have received a few details: they operate a Group Personal Pension Plan and will pay a base % of salary, 5% in this case. I know this is a type of defined contribution scheme, but that's about all I know. I've read the MSE pension…
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Pension when unemployed?
Are there any advantages or dis-advantages to contibuting to a personal stakeholder pension already set-up if you are currently unemployed?
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Pension statement
My husband has had a letter with the information about first payment due 19/1/15 and I was a little confused about one element on it and hope someone can explain it. From 6/4/2002 also based on caring/incapacity £21.59 I can't understand this as he has not been incapacitated or a carer unless it means something else. He…
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Complex Saving Calculator
There are scores of savings calculators on the web, yet I cannot find one that fits my requirement. I want to find how much an inflation linked annual pension will be worth if it is invested untouched at various interest rates over X years. e.g. Case 1 - What sum will accrue after 10 years if an inflation linked pension of…
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Very Little Knowledge of Pensions...Help?
I think I've went long enough now avoiding the topic of Pensions. I really should seriously consider looking into it more thoroughly and having full control of it so I'm looking for a bit of assistance please - I know some of my queries will be ridiculously n00bish. I'm 32 and have have been working since 2006 (after…
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help about pension
Hi, I am 41 and employed earning 30k, I pay NI and I don't think that I am contributing to any "special" pension scheme. My wife is self-employed and earning around 9k, she pays NI and she is not contributing to any pension scheme. What is the best way to save to our future when we retire?
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Portal Financial Services LLP
This morning I received a letter from Portal Financial Services, of Rochester, Kent. A company that I have never heard of and hence with whom I have had no prior dealings. As far as I can tell they are not linked to any of the other financial institutions that I have business with. The main thrust of the letter is to ask…
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Equitable Life criticised over letters to exiting clients
Equitable Life with-profits policyholders thinking of exiting prior to maturity may be interested in this: http://www.ftadviser.com/2015/01/14/investments/equitable-life-criticised-over-letters-to-exiting-clients-wEUN5nuBOFUvhmtIrVfPlJ/article.html Equitable Life has failed to communicate fairly and clearly to with profits…
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Looking for some advice
Hi All I would be grateful for some advice, sorry for the long post. I would like to retire early (before 50) in about 16 years time. Currently have 1 wife and 1 daughter, which are both expensive to run I expect we will have another child in the next year or two. So down to the brass tacks Incomings Me £46k + £30k bonus…
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Help..
I have a final salary scheme due to end in July this year when I am 65.. however, I am unsure as to what the difference is between a dc pension and a db pension.. I also have a small AVC that I have been told I would have to use to purchase an annuity.. would I be able to take this as cash when the new rules come in.…
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Early retirement at 55...help please
I would be grateful of any advice, as I have been trying to understand all the pension rules, but fear that more and more reading, just fuzzles my brain!, and I end up more confused. My husband will be retiring in September at 55 (been a goal for a while, and physically he would find it too hard to continue) so this will…
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Taxable pension contributions to a workplace pension?
Hi all, I was wondering if any of you could help me here. My employer pays 8.8% of my monthly salary into a pension for me. I opted to contribute another 6% on top of that, which comes off of my monthly salary, pre-tax. I also pay around £34 a month for private healthcare through the work....again, this comes off pre-tax.…
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LGPS deferred pension
Hi I know I probably need independant financial advice, but I wanted to ask on here first. I rang the pension office as I have a deferred local gov pension, and wondered if I can access it, as the gov new policies come in force. I was told I cant as its deferred, im no longer paying into the scheme and it will be pain out…
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Trouble getting an up to date Pension Forecast (Civil Service)
I hope someone can give me some advice on what I can do in this situation. I'm ex-Civil Service, having worked there for 12 years in the 80s and 90s. When I'm 60 I will be able to get a lump sum and a monthly pension. The Civil Service Pension Scheme used to be administered by Capita but last summer administration…
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How to work out return on pension?
I've got some money in a Legal & Gen stakeholder pension, in various different funds. I get a letter each year telling me how much it's worth. I'd like to work out what the average return has been, but I can't get my head around how to do this. If I'd just put a lump sum in and left it, it would be easy. If I'd paid in…
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Cashing in AVC
I have an annual pension of nearly £50,000. I also have a small AVC pot of around £10,000, which, if released to buy an annuity, would provide a negligible sum annually. Since I have retired the AVC is not being added to. After April 2015, can I cash in this whole AVC fund?
