-
State Pension Increases (or lack of them)
My State Pension is made up of 4 elements: - Basic Pre 97 Addn State Pension Post 97 Addn State Pension Graduated Retirement Benefit In previous years all 4 have increased by whatever %. This year (for 2016 - 2017) only the Basic element has gone up. Anyone got any idea why?
-
Pension release at 55 advice please.
Hello. I have recently become redundant. I will be 55 next month and I am thinking about taking some money out of my pension pot, which is not big and then use the money to set up working for myself. I am aware of 25% being tax free and the rest taxed but want to know if my redundancy money will be affected by this. My…
-
Entitlement to state pension for US citizen
My wife is a US citizen. She has been here in the UK for 15 years+ with the right of "indefinite leave to remain". In all that time she has been working and paying NI (a lot, she earns £70K plus PA). I have been trying to find out (for 2 years!!) from the NI people if she will be entitled to a UK state pension when she…
-
Over pay pension or mortgage?
Hi there, I'm looking for advice on what would be the best option for me. I am 48 this year, with one wage coming into the house. I currently have a private pension that I pay £102 a month but I have been looking on some pension calculators and it looks like I will only be getting approx. £1500 a year if I retire at 67. My…
-
Pension pot
My husband took early retirement last January age 53 and gets £692 a month from his private works pension. No tax as he doesn't earn enough. In August this year he is 55 and has a £19,000 pension which was paid by AVC's so we want to try and take the whole lot out as it only gives us a few hundred pounds a year. We want to…
-
Pension Stealth Taxes
Has a petition been set up or started to try to encourage the government to rethink the policies they may implement in the 16th March 2016 budget.
-
Trivial commutation of £39000
I've just received a statement from a work pension from years ago. I only worked for the company for 2 years (32 years ago) and hadn't even realised I had a pension! My puzzlement arises because they've quoted me £39K as a trivial commutation lump sum. I thought the maximum was £30K? Can anyone shed any light for me?
-
Deferred LGPS pension
Hi, I am a 33 year old male and have been paying into the LGPS since 2009 and had a question about some of the pension I have accrued. Under the scheme rules until March 2014, I was able to start receiving my LGPS without any deductions from age 65. If I delay taking it though, would I end up getting more? I ask because…
-
Teachers' Pensions?
Hi, I am due to retire next week but had heard nothing from Teachers' Pensions [TP], so a week ago I wrote them to remind them. TP had already sent me a full pension forecast last year. Today I received a raft of forms in the post [Age app / Oct 2015] and why weren't these sent out to me months ago? There's 11 pages to get…
-
IFAs Investigated for Pension Mis-selling
I know people don't like me criticising IFAs and other finance professionals, but this needs highlighting. Also let's get it out the way that you shouldn't believe everything you read in the press. Anyway besides that here's an interesting mis-selling case. Investors have been have seen the value of their SIPPs fall from…
-
Private pension
I`ll be 55, next year and am told by legal & General, that I will be able to apply to have all my funds transfered into my building society account but 25% will be taken off my pension. It is a small pot of £40,000 and my only income is 17,000pa. Also because of my financial situation, I can`t afford to get independent…
-
SIPP in cash
My husband is thinking of opening a SIPP this tax year, will he be able to deposit cash in it and get tax relief and leave it as cash until ready to invest? Do most providers allow this?
-
fraud and the elderly
Sorry I dont know if this is the right place to post but I wondered if anyone could answer something for me, my husbands nan has been diagnosed with vascular dementia so how uncle recently became power of attorney for her and has been sorting through her finances now for the last 10 or a bit more years she has had this guy…
