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Buying commercial property inside a SIPP
I am considering buying a small unit on an industrial estate and leasing it to a tenant I already have lined up. Purchase price in the order of £40K plus VAT. I am wondering about making the purchase within a SIPP. Does anyone have any experience of using SIPP providers for holding commercial property of this sort of value?
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Paying for social care - another person's income
As i was struggling to pay rent in London, I am planning on moving with my Great Nan who is 90. Alhough I wouldn't be paying rent, the house is outside London so is costing me a lot in train fares. My nan needs carer help and pays a contribution towards her social care. I realised I would need to pay council tax, but I'm…
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Private pension transfer to NHS
Hi all Ive had a transfer estimate as follows; my former pension scheme has offered to pay a transfer value of £9857.28, this will buy me a pension benefits in the NHS pension scheme as below pensionable earnings credit: £46,733.37 NHS scheme is DB and other scheme is DC. Can anyone tell me what this means? Is it worth me…
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State Pension Forecast
Apologies for asking a question already posed by many posters on this board, but after getting a bit cross-eyed trawling through countless threads I haven't really got definitive answers. OH has just turned 62 and has another four years until he reaches SPA. An online pension forecast in April 2014 states his projected SP…
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Best (and worst?) SIPP providers for flexible drawdown?
The time for me to crystallise my full DC pension and duck under the LTA is fast approaching. Before I do, I need to investigate which SIPP providers offer user-friendly and cost-effective flexible drawdown, and then coalesce my three pensions into one before crystallising the lot. So... I'm looking for any first-hand…
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NEST Pension fund prices
Does anyone know of a webpage that shows the latest prices for NEST pension funds? Looking for them is like looking for a needle in a haystack! Thanks
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Redundancy - Extra pension payments
Hi, I'm hoping that someone might be able to advise on this; I am about to get made redundant. The amount involved is almost 100k. My company is allowing people to make extra contribution to their salary as part of this. I am confused about how much I will be able to pay in and still be receiving tax relief. From what I've…
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Retirement Questions
Hi Im retiring very soon now and need some advice Annuity or Draw Down Im inclined to go for an annuity for peace of mind Anyone made the opposite decision and acheived long term success Annuity Is it better to go for the fixed sum annuity for the rest of my life Or an annuity that increases with inflation Are there any…
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Pension Advise / Consolidation?
Dear all I have accumulated two pensions dating back to late 80's and 90's; 7 years Denby Pottery and 5 years UniChem. Not done any research of their worth, think they exist as receive the odd paperwork. I currently have one active work pension (5 years now) with current work. I have 10 years gap with no pension. I am…
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Comparing fund trading platforms based on functionality
Hello moneysavers, Via my IFA, I've had a wrap with Nucleus for some time now, it's a managed/advised service, so my platform basically gives me no info other than what the current position is and what funds it's comprised of. After researching some funds and wanting to have a play around with some funds myself, I've been…
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Pension transfer - starter
Daughter has small pot with Std Life when she did a years work as part of her course - group pension pot. After uni she worked for about a year with a different company and has pension with aegon - again small pot. She is now doing a PhD - no pension and only £14k per year stipend - so no money for pension. Aegon have…
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Transfer Issues- Virgin to NEST
My employer and I used to pay into a Virgin Money Stakeholder Pension. After auto-enrolment we moved to NEST. I want to transfer my pot from Virgin to NEST however neither company will fill in the other's forms or accept standardised information. I've been going around in circles since April. Anyone got any advice as to…
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Another question on defined benefit transfer - where to find an honest IFA
Hi, I guess i'm quite lucky. I've saved hard and at 49 have a SIPP of 550k, recently i realised that in my youth i ticked a'pension please' box with a previous employer and actually had a final salary scheme which they have offered me 260k to take off their hands. It works for me as i want the flexibility in the future…
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Transfer from Final Salary Scheme - Am I being naive?
I'm really asking for feedback on my thought process - I am no financial whiz and I want to know if I am missing something. I am 57 my husband is 62. Between us we have a few pension pots worth about 250K. I will get a reduced state pension due to lack of contributions but see no point it topping up as I believe I will…
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Switch Keep Stay Pension advice required
I have a pension from my previous employer, it is administered by Hargreaves Lansdowne and the money held with Scottish Widows. The current balance is circa £40k. I am not contributing at present as I am working in the Middle East. The fee on the pension is 0.55% after a 0.45% discount. What would you suggest I do? My…
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Opting out of DB pension scheme
I'm currently a member of the LGPS but work in the private sector after being TUPE'd a few years ago. I'm 29 and have been in the scheme for just over 10 years with 6 years final salary at 1/60th and the rest CARE. If I left today it would give an annual pension of about £10k. I can continue to be a member of the scheme…
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Early retirement advice - how would those who have done it do it today?
Hi all, I’m a long time lurker, first time poster, in this section of MSE! So please be gentle… I’ve read lots of posts over the past year or so and gained a basic understanding of what is required to achieve early retirement. In particular, I’ve been inspired by lots of people’s threads as it has helped me believe I may…
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Transfer Out Approval Process - How Long
Must of started this process in early April when we gave all our financial details and circumstances, but only found out it had been approved last week. That's good to be approved, but makes me wonder with this company how long they will take when involved in the rest of the process, although the IFA has said it should be…
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Nhs avc
I have a small avc with Prudential (approximately £12000) and I am having great trouble in getting my money from them. I requested to take 25% and put the remainder in drawdown but they told me I need to have at least £25000 in my pension pot to be able to do this. I then asked to transfer to another provider ( with whom I…
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Pension/SIPP query
Hi guys, I recently changed jobs so this got me thinking about my pension situation. I am 36, don't own a property and am saving for one. previous employer pension value - ~£20k and will continue to be managed by the same provider/fund. my new employers pension scheme is quite generous and I am maxing it out so…
