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Transferred DB Pension and COD deductions
Please could anyone answer the following question If you transfered a deferred DB pension which includes GMP into a PPP where it then becomes protected rights, is this GMP no longer included in the SERPS (additional State Pension) COD deductions at State Retirement age?
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Pension optionswhen moving overseas
Hi all - long story short, thoughts appreciated. I'm Australian but also have UK citizenship and have been in the UK running my own business for a few years. My wife and I (29 and 30 yrs old respectively) have wanted to set up a pension but we were planning to move back to Australia. However over the past year or so due to…
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NHS to USS penion?
Hi all I have a NHS pension (pre 1995) and USS have offered me Just under 13 years as a transfer based on a leaving salary of 24k. I have 10 yrs to go until I am due to retire when I'm 66 and am now earning more than double the 24k Does anyone have experience or knowledge to say if this is a good idea or not?
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Retired, pension too small, top up from equity in house?
Hi there, my parents have both retired over the last year but have discovered that their income from their pensions isn't enough for them to get by on. They own their house outright and I was wondering if they could somehow draw an income from the equity in their property? Or what might be the best option for them in this…
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3 Pensions! What would you do?
Hi everyone, Looking for some suggestions on what to do (if anything) with 3 pensions I have! I'm 40 years old and have the following; 4 years Local Government pension currently deferred. 4 years NHS pension also deferred. 3 years Prudential Platinum pension (this is the one I am currently in after my employment was…
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Should I transfer my LGPS funds to the NHS scheme.
Hi, I am age 49 and left my local government job and pension scheme to which I had been contributing to for over 20 Years (final salary scheme) and moved to NHS employment last month for a lower paid job. (but more fulfilment and hopefully less stress!) My LGPS pot is now sitting, obviously with nothing being added and I…
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Local government pension scheme
Hi there could somebody help me with something,my dad has a pension at work and i handed his expression of wish form and covering letter to the appropiate person a couple of weeks ago and was just told to wait to hear in a letter how long does a death lump sum take to pay out?? Ive no idea on things like this Thanks
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Rpi
The threat to abolish RPI or tinker with how it is measured amounts to more government interference in pension. It seems that government would reduce various liabilities by down stating inflation. http://www.theguardian.com/business/2015/jan/08/scrap-flawed-rpi-says-ifs-boss A move to CPI would cause a huge headache for…
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Contracted out.
I am now 45 and was contracted out of the State Pension from late 86 till mid 2009. How will this affect my State pension? Will I have time to pay in enough contributions if I am to receive the FULL state pension at 67?
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Old final salary pension / ill health
I have recently been diagnosed with cancer and I am trying sort out our finances asap as one of my major concerns is for my wife, as I am the main earner and we are both approaching 60. I have an old final salary pension with 12 years service with an ex-employer, which is payable at 65 - I believe there is a lower spouse's…
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Annuities calculator?
Hi can anyone post me a link for quotes for an annuities, I have a works pension with S.W and done the what if calculator, but would like to say a rough idea of what I could get from elsewhere. I am looking at retiring either later this year or next, I am 63 this year and defering my state pension while I am still working…
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Rubbish BBC article - "Pensioners could run out of cash"
Here it is. http://www.bbc.co.uk/news/business-30750179 Age UK are mostly to blame but the BBC have printed this low grade data without any worthwhile comment. "The charity based its calculations on a 65 year-old who has built up a pension pot of £29,000." Hmmm, so a very small pension pot. What's the average, closer to…
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Company want to end local government pension scheme
Hello I work for a company who want to end our local government pension scheme, I work in the office and I am 56 and have been there 20 yrs We are ex council and got took over about 12 yrs ago, about one month ago they informed the unions that they want to end this type of pension because it is costing them too much money…
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Reduce work pension contribution
Hi, I currently pay 5% to my pension at work. Is it possible to reduce this to 3% and then go back to 5% again at a later date? Thanks
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Work Pension
Whilst working at Asda I paid into their private pension scheme, but had to leave in 2009 to care for my husband when he became ill. I'm still at home caring for him full time. Am I able to cash it in now?
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Dwp and bank statement
I am trying to work out my 95 year old fathers finances and to ascertain whether he should be paying tax on his income.Im slightly worried as his bank statement has a DWP PC with £246.20 and DWP £66.40 as his income.These are both weekly incomings.This means that he has close to £16000 per annum.As I understood it his tax…
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Pensions & Savings Advice Needed
Hi folks! About me: I'm newly debt free. I am now in a position to save and prepare for my future and I'd like to make sure I set myself on the right track. I have 35 years to save. I expect my employment earnings to be in the low to mid £20k's for the foreseeable future. Savings & Pensions: I started a Scottish Widows…
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Tax Return: Pension Input Period versus Contributions
This is a tricky one. I need to know whether to put, on my forthcoming Self-Assessment Tax Return, contributions during a tax year, or contributions during the annual Pension Input Period which ends in that tax year on, say 1st of May. I am aware that there are leaflets from HMRC, several of which I have read, and none of…
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Teacher pension Top up advice
Hello all; I am a 32 year old teacher, I've been teaching in England for 7 years and have never really thought about pensions, safe in the knowledge that work deals with that for me. I am now thinking that I would like to start investing a bit more for my retirement, I remember that when I joined the teacher pension scheme…
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Pension reforms
I have an IVPP which pays me a small annuity yearly. Will I be offered a lump sum this year following the Government's pension reforms?
