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Setting up a personal pension
Hiall, Washoping someone might be able to help me. I’m trying to set up a pension for OH (whodoes not have a work place pension and might be out of work or self-employedfor the next few years) and have a few questions. Question1. On the government website https://www.gov.uk/tax-on-your-private-pension/pension-tax-reliefit…
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Site suggestion thread: remove auto enrolment sub-forum
i have created a thread in the site suggestions section recommending the removal of the auto-enrolment sub section: https://forums.moneysavingexpert.com/discussion/comment/68958180#Comment_68958180 Basically, it gets little traffic and posts are more likely to be missed in there (as per example today which was posted on…
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Fairness pension
I was thinking about the fairness of pension for the older and newer generations. You have people who are between 50-65 years old receiving final salary pensions be it a large or small amount + the state pension, and the newer generation who have to save a hell of a lot in DC schemes, and are unsure if the state pension…
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Choosing which plan to pay in to
Hello all I currently have three small pension pots from my last three jobs. Standard Life Scottish Widows Royal London I wasn't at any of these jobs for very long. My new company don't currently have a corporate pension fund but will double my contributions into a plan of my choice. I will eventually want to consolidate…
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care for an elderly relative
Anybody with any specialised websites that can help me with paying for care for my nan. She had proceeds from a house sale that she gave away straight away to her three grandchildren. After 6 months of living with us her health deteriorated and she had to move into care. Are her grandchildren now liable to pay for her care…
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Unexpected Small Pension
[FONT="]I have just been unexpectedly notified that I have a very small pension due from a past employer’s pension fund. There is a choice of taking a one-off small lump sum commutation payment of just over 4000 pounds gross, just over 3500 pounds after tax. Another option is to take it as a monthly pension, with or…
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Need advice on Salary Sacrifice Schemes
Hi, My employer has recently announced plans to introduce a salary sacrifice scheme later this year in which all staff who are in the current pension scheme will be automatically enrolled in, unless they choose to opt out. As part of the process, they have produced a guidance leaflet that gives the pros and cons of the…
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NEST Pension Funds - Tracking Performance
Does anyone know if any of the online portfolio tools track the NEST pension funds. I currently use the portfolio tool on 'FE Trustnet' to track all my other investments, but my company pension is with NEST (Ethical Fund) and I can't find this on Trustnet. I can look up my fund value using my member login on the NEST…
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NHS PENSION ADVICE ?.....please
I'm 60 in December this year and have been paying into nhs pension only for 12 years. I have worked out lump sum which is roughly about £34,000 with a small pension of around £6000 per year. I don't get my state pension until I reach 66. I hope to retire in 2017 and do a couple of agency shifts as and when I need to. My…
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Can I still opt back into SERPS??
Hi all, I was advised as a 16 year old back in 1988 to opt out of SERPS (the entire company did this). I've been in continuous work since and have always paid into a workplace pension scheme (I'm assuming they have all been opted-out). I have to admit that I've never really understood opting in or out and it was never…
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Final Salary Options
I have 13 years of a final salary pension plan. I have 3 options on maturity at 65 in a few months. 1) receive 20k per annum, index linked, 50% to spouse on death. 2) receive 15k per month , index linked, 50% to spouse on death plus 90k tax free lump sum 3) take the transfer value of 400k and put it into a SIPP I am in…
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Any Advice Please
Not sure if this is the correct place but here goes :- I have an elderly friend who has never claimed any money and her partner sorted out all the finances, He passed away in 2008 and basically she then started receiving benefits including HB, Pension and pension credits, Roll on a period of around 6 months and she was…
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Advice for a young 'un
Well, perhaps not that young! Quick about me: In my early thirties and self employed. Currently putting money aside in a personal pension scheme. It has also been suggested to me that another option for putting money aside for the future is to start a stocks and shares ISA and treat it like a pension (i.e. make monthly…
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Fidelity: Pensions Merger Offer
Out of the blue I've received a letter from Fidelity Personal Investing (based in Tonbridge) offering to merge all my employer pensions into one SIPP with them. They are offering a cashback dependent on the total value of the pot as well as paying any exit fees up to a limit of £500 (I assume that's the total and not per…
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Pension pot
I am cashing in my pension pot, which matures in july 2015, can anybody give me some advice on how i know when it's best to take, my problem is that the value of my pension has gone down £1,000 since April 2015, which i find strange just before maturity,(hidden fees??) Thanks in advance
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State Pension Advice, Take or not to take??
My dad is 70 years and still working, he deferred his state pension, govt has now sent him a letter to say he has to make a decision to take his pension. He wants to make sure mum is ok in case anything happens to him so looking at taking the lump sum?. Which is the best way to take the pension paying least tax. He earns…
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help to review my mum's inherited pension
My dad passed away in 2013, leaving a private pension for my mum. It is managed by a financial advisor who want us to go in to see her to review it. I don't know a lot about pensions so would appreciate some advice about what to expect. Here are some figures: In Aug 2013 it was worth £116,071. She draws £7625 pa. leaving…
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Civil Service Pension and Lump Sum on Retirement
My father is set to retire within the next year and consequently was invited to attend a ''pre-retirement planning session'' organized by his department. A Finacial Adviser suggested that it would be extremely beneficial to actually commute any pension due to be received into an additional lump sum payment. My father's…
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Effects of medical conditions on pension amounts
I am thinking about retirement planning. I have several medical conditions which are likely to reduce my life expectancy. I have three pension pots - all DC. Is there any sort of calculator which would give me some idea what sort of enhancement I could be offered on my pension due to reduced life expectancy? Thanks in…
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Advice please on pension value
Hi all, Sorry if this sounds a bit daft ! Is "Current fund value" the amount I could draw down in one lump sum ? For instance....if current value is £10k...can I drawdown £10k ? Thanks
