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Missold investment with pension funds
Hi, This is my first time posting on here and basically it is because I don't know where to start. My Dad retired a few years ago and received a large lump sum of money. Being a fellow who has never had any money to "deal with" he has no knowledge of the financial sector and sought advice from an independent financial…
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Channel 4 - how to blow your pension
What a load of twaddle
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cashing in pension to pay off mortgage?
ok so ive been looking at my my pension statement and is says "value of your personal account is..." does this mean that amount is the actual value? if so i would like to cash it in and pay off the rest of my mortgage with it. how do i go about doing this i have no idea. Please help
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April pension pot
Hi i just wondered if any one could answer the query i have on my company pension in regards to new rules coming into force in April. I will have a pot of £19800 by this time. I am 56 therefore i presume i will be able to cash it in . Obviously i know of tax implications on 75% of the total. When i was 50 i took a small…
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Will my wife's pension rise ?
My wife and I will both be reaching retirement age before the new rules come into force.However we seem to remember that the wife's pension would increase once the husband has reached retirement age as long as the husband was fully paid up with NI? Does this still apply?My wife was paying the married woman's contribution…
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Want to retire early - where to begin??
Hello all, I have been lurking for some time on many of the boards here and wondered if I could ask for some advice please? Like many people on here, I have come to the decision that I certainly don’t want to be working full-time, over even part-time right up until state pension age, whenever that may be by the time I get…
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Defined Benefits pension pots...
The final salary schemes are pretty easy to understand as far as the pension payable at the retirement date, and all the risk regarding the investment returns is taken by the employer. But, at some point , a value of the fund has to be made because of the entitlement to a 25% yax free lump sum. So my question is, how do…
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How much money have I lost on my pension?
Hello, I recently requested a transfer into my work's occupational pension scheme. For various reasons, due to my incompetence, and I have beaten myself up about this already, I didn't complete the transfer in the three month period. My initial quote (and these are rough figures for illustration purposes) was something…
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Enter drawdown now or after April?
Sorry another question. What are the pros and cons of entering capped drawdown now, to use this years personal allowance against waiting until the new rules come in to effect in April, but losing this years allowance? I recall a post by JamesD on the difference, but can't find it now.
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Voluntary NI contributions for non-UK citizen
I've checked on the .gov.uk website and can't find answer so I'm hoping someone on here will know - can a non-UK citizen who hasn't lived in the UK for part of the time make voluntary NI contributions? My wife is Taiwanese, she studied in the UK from 2007 - 2011, working part-time for some of this time, then returned to…
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Was I contracted out?
Just a quick question. I need to find out if I have ever been contracted out. I have a statement from DWP dated Feb2014 which indicates an additional state pension of £32.91, payable on retirement, but also says that this could be lower if I was contracted out. I don't recall contracting out and I don't have any funds…
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MSE News: Only 45% of those retiring to get full 'single-tier' state pension
"Less than half of those reaching state pension age between 2016 and 2020 will be entitled to a full new state pension, it has been revealed..." Read the full story: Only 45% of those retiring to get full 'single-tier' state pension Click reply below to discuss. If you haven’t already, join the forum to reply. If you…
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MSE News: Free pension guidance service branded ‘Pension Wise’
"The impartial guidance that will be offered alongside the pension changes coming into force in April will go under the name Pension Wise..." Read the full story: Free pension guidance service branded ‘Pension Wise’ Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all…
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Nest Pensions - Transfer out not possible
So I have a Nest pension from a job a couple of years back. I see that the contributions fee is a bit expensive compared to another option I'd like to go with, so I'm never go to contribute again. I think I'd rather just transfer it to another scheme. Here's the kicker - you can't.. Didn't read that before I signed up for…
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"Flat rate" state pensions - deception exposed
I heard on the Today programme that the figures for the new state pension will not be as stated by the government over recent years. I have known this for a fair while but I'm sure plenty of people won't and will have taken the misleading info at face value. Ministers had promised to replace today's means-tested state…
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Tax on Flexible Drawdown with no other income
i've had some great advice from here in the past so I' hoping you can help again. I plan to take my 25% TFLS in 2016 age 60. If I have no other income until 65 but decide to draw yearly upto my tax free allowance from the remaining pot, will those amounts also be tax free as the allowance suggests? Thanks.
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Pension for overseas UK citizen
I'm 36 and a UK Citizen who worked in the UK for 11 years before moving overseas to Vietnam three years ago. I've always had company pensions since graduating at 22 years old in the past (4 different companies) but now do not have a pension and my company does not offer one. I don't see myself returning to the UK any time…
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Bills VS car with 457
Here is my story I got in way over my head after my last child my wife came off payroll way earlier than expected and I lived on CC until I could arrange a second job. I racked up about 35000 in debt in a real short time losing a second income really hurts. So here is my question MY wife has finally left her job to be a…
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Equity release for risk reduction
In The Case for Reverse Mortgages Wade Pfau points out that equity release can be used to reduce drawdown risk by removing the need to draw from investments during times when markets are down.
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enhanced annuity
Can anyone advise a good company to select an enhanced annuity based on poor health/life style. I have previously used annuity direct, but they are now part of fidelity so I have no confidence in their advice.
