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RBS Pension Info? Anyone?
A relative has been discussing her RBS Pension and her options. Basically she is 61 and currently has been off ill for eight months. She has been advised not to return to work by the cardiologist - so its not broken toenail issue. She has worked there for about 18 years - part-time 60% - and does not have a much of a…
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Old Pension & Life Assurance Scheme
Not one of my strong points,i have just found a document dated 1999 which i received and forgot about regarding a pension i paid into in the late 70,s It advised option A Deferred Benefit Pension Payable £880 PA @ 65 Option B Transfer Value £1823 the question, is the policy increasing or is that the pension i will get in…
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Pension Advice
I am due to receive my state pension in February which is estimated at £154 per week. I took early retirement in 2012 and took a lump sum from my final salary scheme and have a pension of £4392.16pa. My wife also retired in 2012 and she is in receipt of her state pension and small company pension. We both have savings in a…
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How long are work pensions paid for??
Hey guys, Very new to pensions and I don't understand very much about them so forgive me if this question seems stupid! I am thinking of joining a works pension... What I wanted to kow was... Let's say I put in £60 a month and my employer does too. Over a year I would save up £1440. Over lets say 35 years that would save…
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pensions advice
With the changes coming in in APril, when are we able to use the advice services mentioned along the way. I do not have an IFA at the moment ( for a few reasons) and am currently in drawdown.
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Pension provider switch issues
Hello, I was hoping someone might be able to give me some advice on this. I have a personal plan that is funded partly by me and matched by employer. In September I was told that all employee funds were to be switched to another provider and forms for signing will be sent out by our pension FA. I was very happy with the…
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my mum wont leave a will
ive sensitively asked my mum to leave a will as she has a mortgage on her house. what concerns me is that my brother who lives with her is a guarantor for her and states he is on the mortgage although i dont think he is if he is only a guarantor. I am the oldest and NOK and bless my mum she has little debts and has no…
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Funding early retirement
As we move from the saving phase of our life to the spending phase, one of the key decisions that I need to make is the order in which to liquidate my assets. My current thinking is that I should spend in the following order, Sell second property. Take TFLS from pension. Spend ISA funds Start Pension drawdown My thinking…
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Dont ever trust insure the box they robe your money
Hi , The email that i sent to insure the box complain service after cancelling my car insurance and robe my deposit. Im writing to you to tell you how disappointed and frustrated I am after finding out!today!my car insurance has been canceled with insure the box > I only started to run my insurance with you recently but I…
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Redundancy and ways to reduce Tax impact
I am getting redundant end of Jan. My total settlement figure (including the £30K tax free) will be around £70K. This will push me into the 40% tax bracket and I am looking at any possible means to minimise the hit. I am too young to be allowed to additionally contribute to my company pension plan but is it possible to…
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can I take 25% under old and new rules
last year I took 25% of my pension pot tax free, with the changes this April can I take another 25% tax free or am I stuck under the old rules as I have already taken a drawdown.?
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Changes to pensions
I im sitting here wondering . What is exactly the change to the pensions April 2015 As I thought you could already take out 25% of your pensions.
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3 small pensions
I have three small pensions ready to cash in, only problem is what to do. They amount to about eleven thousand do I cash them all or just the big one which is about eight thousand . The pension company keeps hound me with letters and forms to fill in and one of my companys have changed names so many times I can,t keep up…
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One for the SERP’s/Contracted-out deductions (COD) experts
My SP is due to commence in March and I have just had a breakdown of my entitlement. The Basic State Pension element (£113.10) is straightforward. It’s the additional entitlement that I am seeking clarification on. I was contracted-out of SERP's for a period in the late 80’s/early 90’s, this was a standalone plan and not…
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Private Pensions vs Overpaying mortgage
Hi All, Just wanted to ask a bit of advice. About four, five months ago, I bought my first flat, and for the last 5 years I have been working for a large, public sector company, with a final salary pension (I’m 26). My monthly salary are approx. £1,800 (after tax / mandatory pension payments etc.) and my mortgage is…
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childrens pensions, are they good value?
An IFA has told my sister NOT to set up pensions for her teenage children. He said the growth would be large enough for taxes to kick in and make it financially poor value. Does that sound likely? I've had a quick google and my first impression is that a few grand is a great way to contribute to their retirement. Tax…
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new pension
ok ,so ,re very helpful replies on my other thread am now considering taking out a pension, any ideas of which? Virgin pension? needs to be clear and simple and I will need to be-able to adjust or stop monthly payments as and when.
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Where should I put my money?
Hope I can find some help here I am starting part time work next month.( I have been a housewife for many years) £120 a week wages so I wont be paying tax or NI. I will be saving £100 a week . My husband works and pays Income tax at 20% rate. He's just changed jobs and gets paid more than before and we aim to save £400 to…
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Henry Davison Ltd Pension and Tivan
To anyone connected to the Tivan fund though the Henry Davison Limited Pension Scheme: I have significant information concerning this scheme which goes well beyond anything the Trustees have communicated to scheme members and I would like to network with any other members in the hope of connecting us all so that we might…
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Teachers Pension Scheme - Additional Contributions
I wonder if any of the pension gurus on here can offer advice on the following please. A friend’s daughter – aged 45 – is a teacher with a salary of £32k who contributes to the teacher pension scheme. She has been employed as a teacher for 12 years, and before that spent 10 years with a major UK company and will get a…
