-
Deferred NHS Benefits
Hi All. I'm terrible at maths so wanted to check what I'm doing. If someone has a deferred pension in the NHS, I understand that originally it was linked and grew with the RPI and since 2011 it's linked to CPI. Without contacting NHS Pensions and asking for an estimate of benefits, if I wanted to work out a pension that…
-
Avc extra ?
Hi all, Just looking for some feedback for an option I have . Self 49 years old , salary £44000 , final salary 2/3 scheme. Pension estimate at 56 tfls £124000, £17000 pa ,or various options. Wish to invest another £100 per week and do this through avc extra in railway scheme this can be taken as a separate entity from main…
-
Stakeholder pension advice needed please
Hi I'm 48, female & have not worked for almost 18 years as bringing up children. Husband has always travelled a lot. Have work pension but probably wouldn't buy a pint of milk when I'm retirement age.need to get a pension sorted as OH works abroad and while this was initially for a couple of years I can't see him coming…
-
Payments into pension scheme
I may be in a position to pay a lump sum into my pension. I am a higher rate taxpayer. Would I get tax relief on the money at 20% or 40%? If the latter, is it automatic or do I need to claim it back?
-
Is it possible to transfer?
At present I pay contributions (£1500 / month gross) into a Scottish Widows Group Pension Plan (stakeholder I believe). The funds within the plan are the pens portfolio 2 & 3. I have no choice but to pay into this plan if I want to maximise contributions via salary sacrifice as this is a Company scheme. I don’t know if…
-
Can anyone clarify?
I needed some advice on my transactions page of my personal pension. I have it through Cavendish which uses Fidelity. Basically I have been putting in £600 per month since I started £300 into Blackrock and £300 into Vanguard. These have all shown up on my transactions as purchase payment with the relevant amount. Having…
-
amanda
I wonder if anyone out there has any advice as I seem to be stuck in a catch 22 situation. With recent pension changes I contacted BA pensions, with whom I had a Final Salary/defined benefits pension from when I worked with them back in the 80's and which I had forgotten about. When they replied, one of my choices was to…
-
Need advice: EU citizen, was self-employed in Uk
Hello! I haven't posted for a couple years, as I moved back to Germany. I lived in the UK between 2001 and 2011 and was self employed in this time. I paid quite a bit of Class 4 NI, between 3000 and 6000 per year. I returned to Germany in 2011 and have been working there as an employee since 2012. I will retire in Germany…
-
Do you think pension tranfers need to be quicker, smoother and cheaper?
The Government's reviewing whether people need further financial advice when transferring a pension and wants to know your views on early exit penalties, the transfer process and how greater clarity can be provided on the circumstances in which individuals should seek financial advice. Have you found charges excessive and…
-
Old personal pension scheme
I took out a personal pension scheme in 1989 with Abbey life and kept making small monthly payments until about 1994. I understand they stopped taking on new customers in 2000. I still have over a year until the agreed retirement age of 50 but thought I would start looking into it. When the time comes will I still be able…
-
Pension vs House deposit
Hi all, For the past couple of years I've been self employed and running my own business however the time has now come to accept a permanent job as an employee with another company and close my business (using a Members Voluntary Liquidation). My business has been quite profitable, and I expect to be able to extract a…
-
State pension payment
I am at a total loss to understand this. My partner qualifies for his state pension in September 2015. His birthday is on the 5th and the pension service said his first payment will be made on the 8th September. He queried this first payment date because he thought you were paid weekly in arrears. BTW he requested his…
-
Stakeholder SIPP for £150 pcm plus adhocs?
Have posted before, lurked and am finally ready to invest in pp to run along side my TPS pension. Someone mentioned Vanguard. Been on lansdowne and cavendis sites now and still confused. Just want a really cheap flexible pension to fund the years between 60 and 665 when my TPS pension will be smaller. I'm 48 now and can…
-
Another pension review phone call!!
I had a happy, lovely, friendly call from Assure Pensions. A lovely young chap called Dane, from Assured Pensions, Midpoint, Thornborough, Leeds, BD3 7AY 0113 320 7796, rang me to tell me all about the new pension law changes, how pension companies are charging massive amounts in charges and how the government is urging…
-
Stay at home mum - should I start personal pension?
I recently gave up work to look after my children. I have a LGPS which is now on hold. I am 33 years of age, and would like to draw my pension at 65. I am not planning to return to work in the near future. My husband is quite a bit older than me, and I am concerned about how I will financially support myself should my…
-
National Grid Deferred Pension
I have a National Grid Deferred Pension which will be payable in 3 years (60 years old) Due to our retirement plans I am thinking of transferring it so that I can take a lump sum now - at the moment the index linked annual pension I would get is £9000 per year - has anyone any ideas what the transfer value might be from…
-
Pension review offer from Portal Financial
Just wondering if any MSE'ers have used the services of Portal Financial Services http://www.portalfinancial.co.uk. I received a circular in the post from this company which offers a "free, no obligation pension review". As well as a fairly recent company pension which I was in for 15 years until being made redundant in…
-
Pension Payments question
Is there limits to what can be paid into either a stakeholder or SIPP if you have already bought an annuity with a previous pension?
-
Help with what to do with my pension - Can I claim back tax?
Good morning, I wanted to see if anyone could help me with some tax / pension questions. I have called HMRC a number of times and each time the answer has been "we don't know." I have been paying into a teacher's pension for the last 18 months, however I have now left employment with the university and I am very unlikely…
-
Tax free lump sum
Hi, I've been teaching for over 20 yrs and am 56 yrs old. I've recently moved to Sydney to continue my career and would like to access my 25% tax free lump sum. Mt pension pot is over $400,000 but when I contacted TP, they offered me £57,000 instead of the £100,000+. I don't understand! anyone else faced this? many thanks…
