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Standard Life S226 retirement annuity
Hi all Been reading this forum for a long time - first time posting :j I have a question about my father’s pension. He has a S226 retirement annuity with Standard Life, with a guaranteed growth rate of 4% p.a (no guaranteed annuity rate though). The pension is currently worth around £200k and he is set to reach the…
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Finding an old private pension
Hi, In the late 80s I invested a small amount in a pension scheme. I had to cancel my regular payments and forgot about it for many years. I'd like to trace my policy but I can't find any policy documents now plus I can't remember who the policy was with. Is there any way of tracing my policy? Thanks.
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At what age can Former Protected Rights be taken?
Please could someone tell me at what age Former Protected rights can be taken? Thank you
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Civil Service Pension Transfer
My friend is a current member of the 'classic' civil service pension scheme. She asked myCSP today for a CETV today and was told by them to contact DBS (Defense Business Service) for a form to obtain one. However, DBS told her that civil servants can't transfer their pensions out, although I know that's not necessarily…
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Should I take new pension advice
Hi Guys, Long time lurker, first time poster :j Got a quick pension query, I'm just not sure what I'm being advised is for the best. Long story short 4 years ago my pension advisor pulls all 4 of my pensions together into 1 and tells me I need not make any more changes now, just leave it and we should be on for around…
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Phased Retiremen
I'm two years away from NPA of my final salary pension. I still enjoy my job, but want to reduce from full time to give me more time with my husband who has retired already. I'm thinking of taking 75% of my pension benefits when I do this to supplement the loss of income. I am still paying a mortgage on a fixed rate until…
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state pension
my wife is entitled to £60-45 a week,surely there must be safety net,as i think its to low and even a unemployed get more than this amout
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Italian national wanting combined UK pension
Dear all, This is my first post on the forum so please forgive me if I have posted this in the wrong section or have failed to search hard enough for similar existing posts. I am British, my wife is Italian. I used to live in Italy but last year we both moved back to my home town here in the UK. If our intention is to…
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Banked classic pension and link to final pension in Alpha
Hoping someone can explain this to me! I am a civil servant with 24yrs service (classic member) and my last pension statement 2014 says I have accumulated a pension worth £15,500 (to date) I am trying to understand the preserved link to final salary For example: If I left service now before going into Alpha I presume that…
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Contributions - very basic question.
Hi all, I appreciate this is a very basic question, but looking for your guidance please. Could someone explain to me the basic principles re the type of my contribution and how tax relief is applied? wanting to ascertain whether as a high rate tax payer I need to claim any additional back? I am in a group scheme I make a…
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Which pension at 49?
Hi :) My OH does not have a pension but wants to begin one (better late than never, right?). He earns approx 28000 gross pa and despite having looked, the pensions sector seems like a minefield and is so confusing to us :/ Does anyone have any advice at all please? We are looking for something which would generate a small…
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Teacher's pension for short term employment?
Hi, My wife is a teacher, although has been on short term contracts until recently. Since last September, she is now full time and paying over £200/mth into her pension. However, we are possibly looking at moving to Canada in a few years (as she is Canadian), and we're not sure whether it is worth keeping this current…
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Paying into pension V's overpaying mortgage.
Help please! 1st a bit of background:- Our Company shut down the DB 12 months ago and replaced it with a DC where I have to pay 5% to get their max 15%. I currently pay 7% to keep out of the 40% tax band. Payments are made via salary sacrifice. Fortunately I've got enough years in the DB and a previous section 32 pension…
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Post early retirement NI Contributions
I posed this question in another topic but it remained unanswered. To qualify as self employed dog walker/ house-sitter or something similar in order to pay Class 2 (?) NI contributions would you actually need to have carried out some of this activity in a paid capacity or can you still register as self employed and pay…
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Life Time Allowance
Grateful for any insight from members of the forum. Sadly my wife lost her fight against cancer last year and passed away. In my role as her executor I have collected all her pension monies. All were personal pensions and the pension company gave the % of the LTA. In addition my wife had a death in service benefit of 4…
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HSBC and Midland Pension Contact Numbers
After having a clear out and also with Pensions being in the news lately, I found Pension Documents from both Midland Personal Financial Services (June 1991) and also from HSBC (December 2003). Have tried calling them on numbers on their paperwork to discuss my details and give change of address but neither numbers work.…
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SIPP invest in old people's homes?
I predict there's going to be an increase in the need for old people's care homes and I want to invest some of my SIPP in that if I can... are there any large umbrella companies which own lots of OAP homes? Or any trustworthy funds which target the same belief? TY
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Pension Advice come April
I have a sizeable pension pot approx 270K and am unsure with all the changes come April what my options are I am 60 and feel that I would need to maybe start drawing my pension to top up my salary. Is the best way to take an annuity ? Thank you for your help in advance. I am completely lost with all the changes. Phil
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Advice on whether to continue NI payments
Hello people I am self employed though my own limited company and have 30 years qualifying NI contributions out of the maximum of 35. I currently have 3 sources of income: property rental, dividends from my company and salary from my company (minimum to get full tax allowance). I am in the higher rate tax band. The…
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Civil Service Pension Updates
Hi I have a deferred CS pension. It's my birthday tomorrow, and in previous years I have had an update on it's value shortly after my birthday each year. Now that deferred pensions have been taken over from Capita and now run by MyCSP (and we all know how that's going!) has anyone recently had a birthday, and a pension…
