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tax implications on my inherited property, selling or renting?
hi im looking for some advice. i have a property that i inherited. its valued at around £120k. i dont think i pay any CGT on as its dropped in value from probate, was valued then at £135k. now my question is i am a pensioner, i own the home i currently reside in, have a state pension with a top up from the NHS, where i…
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National insurance
My partner has just noticed that for the last 14 months his employer has not deducted his national insurance contributions what will happen will he now be liable to pay it all back?
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Is everyone's pension better than mine,
Avid reader of this page ,actually thought I was doing ok, need to do more home work,. Current annual contributions £16209 inc employer, Final salary 2/3 Salary£44200 Brass member est £120000 Thought doing ok, but looking at the average on here I'm !!!!ed !
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Just over 30k DB "Trivial Commutation" threshold
Hi, there must a number of others experiencing the same problem as me so, if there are, please help! My Defined Benefit pot is just over 32k meaning I can't just take it (as I could if it was under 30k) but must involve an IFA. I have three problems arising from this: 1) I worked in financial services for twenty years and…
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Pension/Cash Balance
We're finally at the next stage of our retirement plan once a loan is paid in full on the 27th of this month. We have already spoken to our FA and the first thing we have arranged is to increase our pension contributions and doing this in October after our wee holiday. We will also be making over payments to our mortgage…
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Looking for ML Group Pension Fund address
Hi, I worked for a part of the ML Group of companies (ML Engineering Plymouth) many years ago, and I lost contact with the Pension scheme. I'm now trying to locate my missing pension. The pension scheme that I am looking for is the ML Group Pension Fund. I've been in contact with the Pensions Tracing Service and the…
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advice about my pension please
Hiya, I've got my pension with Aviva from my previous employment some defined scheme. I haven't contributed to it since Dec 2012. It means that I don't have any pension contribution at the moment, I am working but did choose not to join. I get yearly statements and this one showed that my pot did grow by 12% after charges…
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Licenced for Section 32 policies?
My IFA cannot help me with cashing in my Section 32 Buy Out Policy as he doesn't have the necessary licence. I never knew there was a specific licence for S32 advice. I tried to get help from the Pensions Advisory Service (an oxymoron if ever there was one) to find out about the licence - transcript follows 14:44:03 Thank…
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Civil Service pension question
Hi, I am currently sitting on a preserved Civil Service Pension (NUVOS) of £1527 per annum which I am eligible to draw at age 65, although I have been told that it is possible to draw it early, albeit with penalties. I also believe that it is possible to commute a percentage of the pot and since the annual sum is…
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26 Mortgage Free & Planning for the future, property, pensions, saving?
Hi All, On Tuesday I made a rather large over payment and cleared my mortgage :beer: (4 years frugal living, hard saving and inheritance from my fathers death in 2009 for the property purchase have made this possible at 26, otherwise I would still be living at home). I'm looking at my options for the future as I know the…
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Temporary Divorce to Transfer Pension Assets to my wife?
Could my wife and I divorce, agree that she gets the pension pot as her settlement and then remarry? Two potential advantages: Avoiding the lifetime pot size limit If she were older than me the lump sum and pension would be available sooner. Thoughts?
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Pension advice for a novice please
Hi, I paid into an employer pension scheme for about 10 years & in that time the IFA changed & then the company who provided the pension too. The last I know it was royal London. Anyway I haven't paid into this for couple of years as I left this company. Annual statement says it's no longer a group pension but an…
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the rise and fall of DB pensions
Here's a US view. With only minor changes it applies to the UK too. http://alephblog.com/2015/08/08/thinking-about-pensions-part-1/
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Do we need a financial advisor
My husband is due to retire in six weeks (6 months early) and will take his DB pension (£12K pa) and work a bit part time. We have had an initial free consult with an IFA about his other 2 pension pots which we don't know what to do with. I rely on my state pension which has just started to be paid. We don't know whether…
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Absolutely clueless - Lost ££££s
I'm a total nightmare when it comes to money. I've been trying to get better at managing my finances and it occurred to me recently that I must have paid thousands into an old pension when I worked at a uni from 2004 to 2007. The thing is I've no idea what it was called - I doubt I have any paperwork and I really don't…
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CETV How much would temp you?.
I have today asked for a CETV valuation on my deferred Final salary pension. I am 50 and have a deferred final salary pension worth £10600 at 60 according to my latest statement. It is guaranteed to grow at 5% a year in deferment and in payment. I am lucky enough to be in another final salary scheme with my current…
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For those in final salary schemes.
Are you having doubts about what is best to do with it. I have always been happy that I have such a guaranteed pension and am grateful however the profile of pensions in the media has got me thinking . I have always thought I would get my 15k a year index linked which whilst it won't keep me in its entirety will keep the…
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Stopping paying into stakeholder pension - options?
When our son was born we opened a stakeholder pension for him which we have paid into over the years. With him about to turn 18 we want to stop paying in and leave it to grow until he retires. Having cancelled the direct debit we heard from Aviva who seem to suggest that we need to continue to pay in at least a minimum…
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Dwp
I received a letter this morning sayin I owe £556.67 for a loan from 2003. I don't have the funds to pay them back and offered to pay £10 a month. Do they have to accept my offer? Any help would be gratefully accepted. Thanks.
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Cost to transfer pension
I have a pension which I can transfer with no cost or penalties, from original provider. I had to see an IFA, new to me, not known, but on unbiased.com. Met once, no charge, then two further meetings. Decision to take a Royal London 'Pension Portfolio with Income Release', which suits my needs. I will be taking 25% TFLS…
