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Financial advice
Had a financial adviser giving me advice about my pension says charges would be 2% of fund if I go ahead and go with him would this be about right
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How many funds?
Hello All, I'm looking at opening a new SIPP with regular monthly contributions. Whilst I'm comfortable with selecting funds, what I'm not sure about is how many funds I should select for a new sipp. Looking at Fidelity and HL, if you look at their "ready made" portfolios, HL seem to think 3-4 funds but Fidelity only one.…
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Can wife's pension be transferred upon death?
I gave up work 4 years ago to care for my wife.I am 58,my wife is 80. My wife retired 12 years ago with her full state pension and her private pension from her business. The scheme is a Group Self Employed Retirement Annuity with Norwich Union(now Aviva) and is not contracted out of SERPS.It is a with profits contract. The…
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Pay extra to get flexible drawdown?
I have a small personal pension with Aegon with a value of circa £17.5K (inc bonus) and will retire in June at 60. My main pension is with the NHS so this was a wee extra either to cash in one go or to take over 6 years until my state pension arrives. As I will be in the new tax year no matter what I do it won't push me…
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CARE estimation
Hiya, just a quick question. I'm currently enrolled in the NHS 2015 CARE pension scheme with the 1/54 accrual rate. With this in mind, how do you calculate/estimate the value of your pension pot? I want to know the likelihood of hitting the £1m max with the idea of investing in a SIPP alongside the NHS scheme to facilitate…
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Options at 55
Just looking for a wee bit guidance/advice/tips here to begin with. I will reach the double 5 birthday in a couple of months and seem to have started getting mailshots and telephone calls regards getting access to my pension. Now I am not as daft as to go with some random company who calls me out of the blue, I would do my…
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Pension when separated
Hi lovely knowledgeable people. I'm asking the following on behalf of a friend. My friends are still married but have lived separately for over 10 years, never divorced. They are both getting to the ages where they can access their pensions if they want to. First question is- if one or the other accesses their pensions (…
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Topping up Pension before Moving Abroad
My husband and I will be moving out to Dubai later this year due to his job relocation, with the current plan being for me to follow him over after finishing my job at the end of May. As I’ll be leaving part-way through the tax year I wanted to check whether the sensible approach would be to use some of our existing cash…
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NEw State Pension Topping UP
I am new to this forum, but have been reading and researching. I am 57 and no longer work. I have just checked my new state pension forecast which is £139.13 and it says if another four years working I could reach the maximum of £155. It shows I have two partial years in 2006/7 and 2007/8 and could make top up payments of…
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Timing of Pension Contribution
I gave up work a few months ago, aged 63. I'll live off savings and leave my personal pension untouched until I reach 65. I earned c. £10k in the current 2016-17 tax year, and believe I can contribute an equivalent sum to my pension and gain tax relief. Do I need to make that contribution in the current tax year (i.e. the…
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Forgotten Employment History
Hi, My mother is due to retire next year and is unable to recalled all of her employment history to check for any pensions that may have been opened or paid into. Is there anyway, she can request her employment of the last 50 years from the government through her income tax or National insurance payments to them? Many…
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Fixed Term Annuities
A valid investment vehicle for certain situations such as filling the gap between retirement and receipt of a DB pension or the spawn of the Devil?
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Carry Forward - Confused
My wife will be retiring from part time teaching 1st August 2017. She will be taking the Teachers Pension from 1st August 2017. She is 64 years old. She has savings of £30K in cash/ISA and a recently opened SIPP. She has put £6000 gross into the SIPP since August 2016. We may have misinterpreted the Carry Forward rules.…
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Is it good idea to have one single pension scheme or multiple pension scheme?
I change jobs very frequently. It is part of the nature of the industry i am in. I change jobs nearly every 1 year and a half. Every time i join new company i always get enrolled automatically in the company's pension scheme. What's the preferred strategy? Should i just let it roll and have multiple pension scheme as i go…
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Can anyone here explain my teachers pension?
I am struggling to understand my teachers pension. It's all very confusing. I am 42 and have only been teaching since Sept 2010, so my pension pot isn't very large. I'd like to make some extra payments but there are so many options I don't know what to do. Does anyone here know about these? Or know who I should speak to?…
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SIPP investment potection
Dear all, I have asked the providers behind my three separate pension pots for transfer values, with a view to transferring them in to a SIPP. Based on figures I've got so far, the total pot is worth about £160k I have narrowed down the Sipp providers to a few with fixed-fee charge structures to get the best deal. My…
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Umbrella Services Co didn't make NEST contributions
I'd appreciate advice anyone can give on this. I had to change umbrella services companies at short notice in the summer and the changeover was a bit scrappy. I was enrolled with NEST under the previous USC. Pay is weekly, based on hourly rate and actual hours worked. The new USC took over payroll for the week ending…
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LG Pension Scheme
Hi - I'm very confused! I have recently taken voluntary redundancy from a job working for a london borough. I am however now employed elsewhere as I can't afford to stop working yet although I am 59. I have also signed up to my new employers pension scheme. I have received a letter about my LGPS but it's not very clear. It…
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Where to start in choosing a pension provider - help appreciated
Hi, I am looking for a private pension plan but have no idea where to start... I am 51 years old, 400K house with mortgage paid off, around 200K in various cash bank accounts / cash ISAS. I have an old company pension that I have not paid in to for 20 years which has a current value around 30k but the pension company will…
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indexation and gmp
I am a teacher and will retire in 18 months at the age of 56 I plan to pay voluntary nat insurance to max out the new state pension. I have been sent this link and have not got a clue what it is on about, is there anybody out there much brighter than me that can summarise the likely impact for those in receipt of a public…
