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Can you transfer?
Can anyone advise me please if I am able to transfer a pension scheme I have into my father's name or into a policy he might have? Is that possible?
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Access to Retirement Plan
Having retired 2 years ago I have been receiving income from my ex employers define benefit (DB) scheme and also taking drawdown income from their defined contribution (DC) scheme. Whilst working I was also contributing to a stand alone SIPP. On retirement the DC and SIPP pots were put in the hands of a wealth management…
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Pension Transfer value
I am thinking about consolidating my pensions into 1. They all talk about a "transfer value". SHPS says that I am entitled to one transfer value per year. What is a transfer value? I assume it is a value at a point in time. Sat I asked for a transfer value on 09/08/2015 and the transfer took place on 09/09/2015. Say the…
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Teachers Pension + AVC's/Private Pension
Currently a member of Teachers Pension Scheme and appreciate the benefits of the scheme even with recent changes. I will always stay a member of this. :) My salary has recently increased though and my spare cash has increased to a point where I over a year I can save the full ISA limit (80% in cash & 20% in S&S) easily.…
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Multiple pension pot advice
I have been trying to find out what I have in my pension pot and have found out the following transfer figure from the pension 1. DB scheme valued £130 000 2. DB scheme valued £47 000 3. DC scheme valued £37000 4, Current DC scheme valued £15000 - currently paying into I am 50 years old and have been wondering if I should…
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Pension advice for freelancer
A few years ago I moved from permanent employment to being a freelancer. The way things are going at the moment I prefer being independent, so I need to start saving for pension again. From my time being a permanent employee I have the following pension plans. Plan A £4,800 Plan B £42,000 Plan C £45,000 To Plan C I cannot…
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Friends Life won't offer me anything but an annuity
I retire next January and FL will only offer an annuity, take my pot in one go and pay a load of tax or transfer it to another provider. Aviva will accept a transfer but will not tell me whether they will offer drawdown or anything else until I make the transfer. Also, I don't understand the complex transfer forms they…
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55 next year and have two small 'deferred company pensions'
I reach age 55 next year and have two 'deferred' pensions fro previous employers. Is a deferred pension something I can withdraw under new government laws regarding accessing pensions from age 55?
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Sorry, another pension to pay off mortgage
I'm 62 and can take out my pension at a reduced rate (80%) but I re-mortgaged my house (£150k) on a farm holding for 15 years. If I opt for a CEBT/CBET/CVET/lump sump (?), which would give me about £150k, should I just whack it into paying off the mortgage or take a tax free lump sum (about £12k) and use that to reduce the…
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Is this a scam????
I'm unfortunately not up to speed on pensions, and need some help -so here's my query. I worked for an electricity company and paid into their pension scheme from 1983 (I was made redundant in 1996). I received a letter from the company who deals with the Electricity Supply Pension Scheme stating when I turn 50yrs in…
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Can i access my Prudential pension yet?
Hi there, apologies if this has been answered elsewhere but i could do with knowing if i can access my Prudential private pension fund now? I'm 25 and therefore the fund is very small (around £4k). I have read in various places that i will get charged 55% which is obviously not ideal but £2k is far more valuable to me now…
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Am I getting overly nervous ?
My retirement plans seem to be going well enough, dump ever increasing amounts into my DC pensions, then in about 5 years (age 42) drop into paying into ISA wrapped investment funds - then when I have enough (hopefully 50), stop work - live off the ISAs until I can draw on my DC pensions - which should then be bolstered by…
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LV pension advice please
Hi- just need your thoughts on my situation. I have around £60k in my pension pot. I don’t need it as income as either an annuity or drawn down as I have a private pension and savings. I will also, eventually, get a state pension. When the rules changed around pensions I considered taking random lump sums as I needed it…
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Formula to calculate missed appreciation
My employer made a mistake and agreed to backdate my pension contributions for about eighteen months. I have spoken again to the Pensions Advisory Group and the Pensions Ombudsman and I was informed that I should receive a payment for lost capital growth. I have calculated the capital growth as follows: Fund price in month…
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Taking part of the tax free lump sum and continuing to pay in to a DC pot
Just wanted to run something past everyone as I can't seem to find an exact answer. I have a DC pension pot worth around £500k. I am just coming up to 55 and want to take a proportion of the tax free lump sum to invest in a property. Putting this into figures - 25% of the pot would be £125k. I want to release £80k at 55…
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Worth it for over 50's?
Have just had my introduction pack from NEST and am wondering, as I just turned 50, if this pension is likely to provide much of a boost to my pension income in the space of 17 years? Am reluctant to opt out and miss out on my employers contributions but at the end of the day they wont really amount to much...
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Tax clarification needed on drawdown please
Please can someone clarify the position on income tax payable on drawdown from a pension pot. I'm getting totally confused trying to sort it out! OK, so I understand that 25% of the pension pot is tax-free when taken as income. Does this apply to the actual amount taken out at any one time? say for example I have a pot of…
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Redemption of private contributions?
I paid into a PRU pension scheme for around 10 months in 2005. I paid in (With my employer) around £350 per month. It seems a waste to leave that Money just sitting there. Is there any way I can get them to give it back to me?
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Pensioner recieving inheritance - a little help please
I have my last surviving grandparent approaching his 90's and... while he's very possibly got a few years left on the clock (he's been getting us all used to the idea that he's coming to the end of his innings for a while) there's a little talk in the family between his daughters (my mum being one) about my mums position…
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take the 25%
i have 3 dc pensions that i am not paying into one valued at around £6000 would i be able to withdraw the tax free 25% from this one and leave the 75% invested in the same scheme? thanks
