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Firefighter Pension - Am i doing the right thing?
Hello! My first post so be gentle with me please :) I am currently a serving fire fighter in London, and with the recent shake up of our pensions im not quite sure what to do. I was wondering if i could ask some advice as to my new pension, and if i am doing the right thing by staying in it for the next 33 years. I have…
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old tax relief
Hi this is my first post on this forum I took out my first pension pot aged 26 in 1983 with Barclays when I was self employed the Thatcher government at that time was giving 33% tax relief on private pensions do I still qualify or is it 25% My other question as the pension company will charge me with huge transfer…
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How much to stop working?
How much would you need to stop working now, and maintain whatever standard of lifestyle that you need? I'm talking total net wealth. House equity, savings, pension pot etc. Currently making a good income of which I save a lot, and trying to work out what the walk away goal is... Appreciate that there are numerous…
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Retired mother lives with us: does it affect self-assessment?
I'm not sure which forum to post this (please do advise if I should move the post to a different forum. Sorry :o ). My mother (75 years old) came to stay with us early February 2014. As it's time for filling out self-assessment form, I don't know what to do :o with regards to my mother's pension (which goes straight into…
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Non-taxpayer - how do I find my tax office?
This query has been generated by a "cheery" article on what to do regarding tax and income matters after a spouse's death. I am in my 70s and have been a non-taxpayer for many years. Husband - still hale and hearty - is in his 80s and is a basic-rate taxpayer. I have registered to receive savings interest gross on my…
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Personal Pensions
Hello! Looking for advice about a Zurich pension where I paid £10 a month plus employer contribution. Last September I was awarded a tax free studentship to complete a PhD, paid monthly for the next three years. I left the job and as expected, the pension came to a close and a letter came from Zurich indicating two…
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advice on insurance to cover inheritance tax
I am in the fortunate position of having lived in the same London house for 30 years. during that time it has increased considerably in value. While I took out a whole of life insurance policy at the time of purchase to cover the mortgage should anything happen to me while my family was young , as i have got closer to…
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When are you retired???
I'm guessing the question might have been asked before but what denotes retirement officially - or is there such thing. I ask because getting quotes for insurance etc ask for employment status. In my own case I have taken voluntary redundancy and due to the fact I am just over 55, they also pay me an occupational pension.…
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LGPS advice please
Hello again, I have been paying into Prudential AVCs alongside my LG pension for a couple of years, originally intending to add to my pre 2008 tfls on retirement. It is possible my job will be made redundant in 2016 and I have been trying to work out my position if that happens. On the LGPS website there is a calculator…
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2 questions
how do arrange the deaccumulation of a pension say over 20 yrs so it runs out on a certain date and your not interested in protecting the capital, you want to spend it all, annuity or drawdown as for example btl landlords at some point sell the house to allow them to spend the capital. but throu a dc pension , whats best.…
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Take pension early and carry on working
Hello Experts, any thoughts on this scenario. I am 57 in April 2015 and have a final salary pension which would pay £27k from my birthday or £31k if I wait until I'm 60. The pension scheme rules allow me to draw my pension early and carry on working. So, I am thinking about taking my pension, carry on working for a couple…
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What is the maximum state pension?
I am interested to know what the maximum state pension that can be achieved is. Any help?
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Balanced and Diverse
Seems to take a lot of work to establish a well balanced and diverse portfolio not to mention re-balancing and monitoring. Been looking at the Vanguard Lifestyle Funds and I'm tempted, would be grateful for views on this as well as other means of establishing a diverse and balanced portfolio. One comment I would make about…
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does ifa really take 50% fee auto enrolement
my partner pays 15% into group workplace pension, her employer does 1%, there is a £108 set up fee from ifa taken montly,and a 1.13% charge from provider royal london, she has been a member for 3 months. we looked at her balance and £73 is deducted every month from the approx 150 she pays in on a £11000 salary. the plan…
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Can existing annuity be cashed-in
My mother in law is receiving a reduced annuity following the death of her husband 7 years ago.The original fund was just under £12k.Her husband received £470/year for 6 years until his death.Although the annuity has increased at 3%/year,she still only receives £320/year.She wants to know if it is possible to take the…
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Military Pension
I am currently in receipt of a Military pension from 2004 which is 8k a year. This is index linked with CPI yearly returning to its normal value in 2019. Does anyone have any rough idea what it could be worth then assuming CPI remains low. Appreciate any rough estimates.Thanks
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BT Pension
Have friend who is in latest BT pension scheme and is in 40% tax bracket and does not use salary sacrifice . Does anyone know if she have to claim some of the tax relief back herself or is this handled automatically for her by the BT scheme. Thanks
