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Cetv
I have obtained a CETV on a Defined Benefits pension and I am not sure if it represents good value. I am 55 and my normal retirement date for this pension scheme is 65 at which point it would pay £3060 per annum based on my latest statement. The pension would increase by RPI each year. The CETV I got this week is offering…
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Annuity or lump sums?
Hi I'm mulling over the pension dilemma and would appreciate any thoughts. I'm only 48 so there's no hurry lol. I'm a bit confused about annuities, I have a small pension pot at the moment of 72000 hopefully this will be slightly higher by the time i'm 55 or later depending on what i do. I earn around 28000 a year, my wife…
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Losing pension by promotion
I have worked for a local authority for 22 years. I am 55 in september and planned to go on the 'Rule of 85' which kicks in when i am 57.5 yrs. To be honest I dont want to get carried out of the job feet first and i cannot face working in my field until i am 67. I contacted LGPS administrators and was horrified to discover…
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Teachers Pension - Value?
I currently earn £52000 and pay 7% into my pension with employer offering 5%. I have the opportunity to move into the TPS which is a 10.2% contribution from myself and I believe around 14% from employer. The job would involve a £5000 pay cut, so after tax around £3000. I am trying to put a value on the TPS to see if…
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How to cash my pension in ?
I am 60 years old and have a redundant 50k pension pot with Zurich which was a pension mortgage that was never required in the end. I wish to cash it in under the new pension rules Can I do this with no tax to pay ? Do I have to meet face to face with an IFA to cash my pension in ? Thanks in advance Floyd
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this is embarrassing...İ am not sure where my pension comes from?
İ have received an occupational pension for the past 17 years and i am not sure where it comes from!!...İ worked for BT and originally it was their own fund but during the 17 years they 'farmed' it out to a company and i need to contact them....and i can't find any paperwork or remember because-1 i am abroad and 2 i am…
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Power of attorney in Scotland
What is the easiest and cheapest way of my gran setting up me and my mother with power of attorney for full decisions regarding house sales finance welfare etc? She does not like form filling and would prefer not to have to visit a law firm. Can a lawyer just come and visit her explain the paperwork and witness signature?
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I want to take pension before 55
Good evening all, I'm a teacher and I'm part of the teacher's pension scheme- I want to leave that pension alone. But right now, I need some ready cash ASAP. I've no other way of raising it. I've tried... I have a another pension from a former job. The details of which are: Value on 30.05.2015 is £19135.84 It is projected…
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Teacherss Pensions 'Flexibilities'
All, I would really value advice on the following questions. I recently found out that I have the option to purchase flexibilities in my pension. Two options are attractive: 1. Buy out up to 3 extra years to bring my pensionable age from 68 to 65. This would cost me approx 2.4% of my salary for the rest of my career, circa…
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The pot.
How do i arrange a pot to put my pensions in.? Having just found out that, I cannot add to my main pension.
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How much do you have in your pot?
hi all - it's already early June and time to do some spring cleaning around pensions... How much did/do you have [roughly] in your pension pot when you were/are in your first half of your 30's? Just the pension account, the one you cannot touch till you're at the right age!
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Former protected rights
Hello, My wife is about to cash in a tiny (less than £1000) pension pot held with Phoenix. However, the small print says, and I quote "This plan includes former protected rights fund and the pension income from that would replace part of your State pension. The Dept for Work and Pensions will send a statement which details…
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Small Final Salary - Transfer
I have a small deferred final salary pension that I stopped contributing towards in 2000, but I'm thinking of transferring it to my UK or Canadian private pension. I'm 44 and don't plan on drawing any pension until I'm 65 all being well. According to the Actuary, the FS pension will increase at 5% per annum or in line with…
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Aviva Rep....pension receipt query!
İ am looking to get some contact from the Aviva rep.....regarding the non receipt of my pension payment...i have sent details as requested but get no acknowlegdment of receipt ....what is happening?
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Barrington2
I was wondering if someone could help. My husband is currently paying into a work pension and is thinking about lifting 25% of it. could some one tell me if he does this will his pension stop, or can he continue paying into it. He has still got 7 years to go before he retires.:)
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Friends Life Flexi Drawdown
Hi, Having just turned 55 I have just contacted Friends Life to release 25% from my pension with the intention of leaving the rest alone. It is only about £5k but was told that Friends Life will not do this now but something will be coming in to place by them later on in the year. Has anyone else out there had the same…
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Missing contributions
Hi, my wife has a contract of employment that states she will automatically be enrolled into her company's pension scheme after 2 yrs. She's been there 6 yrs and wasn't enrolled. When she asked about this (1yr ago) she was told that they would not backdate any missing contributions from the 2 yr point. She has still never…
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4 years of working not included in pension
Hi all. I'm looking for advice. I came to the UK in 1999, my husband having been recruited for a job. In 2001, he was headhunted for a job back in our native country, and in discussions about being retained here, he mentioned I desired to return because I missed being employed. The manager said, we can give her a job. I…
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AVCs versus APCs
Hi I'm in the Local Government Pension Scheme and would love to retire asap! However, I'm 59 and my pension age is aligned to the State Pension age so 66 in my case. I had a career break and worked part time when my kids were young so my pension isn't that great. My question is, is it best for me to buy additional years (…
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Can i make regular contributions to my wife's sipp?
Hi, Can i make regular contributions to my wife's sipp? We are in our late 40's, my wife has transfered a personal stakeholders pension to a Sipp with Fidelity. can i contribute £100.00 per month? would the have Tax implications later in life? Thanks in advance
