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National Insurance & Tax
Hi, hopefully someone out there can help? My partner is just changing his job and has given details of his NI number to the new employer. They have discovered that the NI Number that my partner gave them and has been using since the year dot (he's 57), does not relate to him? My partner then phoned HMRC who could not find…
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Partial transfer of DC pot while active member?
I have spent a long time with my employer and accumulated a substantial company DC pot with Fidelity. In order to minimise risk (as the FSCS only guarantees £50k) I am looking to move 60% out into a SIPP. I will then continue to contribute to the old scheme via my payroll and in a few years they should be balanced. They…
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A pension for my 7yo child?
hello all, i'm pondering starting a pension for my 7 year old child. is this a good thing to do? who knows what the pension climate will be like in 60 years - i imagine both pros and cons for starting a pension now. And if yes, any recommendations for a good company to go with? Thanks v much.
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Immediate Needs Annuity
I am trying to sort out of the finances of an elderly relative that I have power of attorney for. I have enlisted the help of a financial adviser. He has told me that I don't want an Immediate Needs Annuity but that he can't help me unless I get a quote for one. He says the regulator insists on it. It all sounds a bit…
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Guaranteed Minimum Pension Calculator - anyone tried it ?
Hi everyone, My first post here, having lurked around for a while reading up on all the great information in different posts. As there are obviously lots of people with far more understanding of pensions than I have, I'm hoping you can provide general advice please (I know specific advice would need lots more info): There…
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Taxation on pension
Can any of the people on this forum answer a question for me? I have not drawn my state pension yet ( 65 in july 2015 ) Due to some possible health issues i was contemplating taking the lump sum after my 67 th birthday. Since retiring end of March 2016 i have not earned any income,living of my wifes state pension and her…
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MSE Guest Comment: WASPI campaign responds to Pensions Minister's advice to take...
Jane Cowley, a WASPI director, reacts to the Pensions Minister's suggestion that WASPI women become apprentices...Read the full story: 'Guest Comment: WASPI campaign responds to Pensions Minister's advice to take up apprenticeships' Click reply below to discuss. If you haven’t already, join the forum to reply.
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How will GMP affect me getting deferred civil service classic pension at 55
Hi. I'm just wondering if anyone has experience of getting a small deferred classic civil service pension at 55. I can see that in the 'classic' details it says I can claim from 50 (I'm actually 55 now so aren't trying to get it from the earliest date) But it also states that to receive it now I must have enough to cover…
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Deferred State Pension
I deferred taking my state pension since I was still working. I recently obtained a state pension forecast which advises me that I have the option of topping up my weekly pension or taking a lump sum. Can anybody advise how a lump sum would be taxed?
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Buying NI years (currently living overseas)
Hi there, My mum moved over to the USA in 2004 (she is currently 58). Prior to that she worked full time or was credited for NI due to looking after me. She is looking to return to live in the UK at some point in the next few years. Having checked her state pension forecast, I just wanted to clarify that to increase her…
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Best place for independent pension advice .
I need some independent pension advice . Being the un-trusting type I am I am unsure where to go for this advice . Can anyone please advise me , thanks .
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Where to put additional pension contributions ?
I currently pay into a company pension where I pay 4.5% and my employer pays 9.5% . I have been paying into this for several years and before this I paid into my brittanic personal pension . My question is that with interest rates being so low I am considering investing £100 a month into a pension . I can add additional…
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How to retire at 40
Program on C4 tomorrow night at 20.30. http://www.channel4.com/programmes/how-to-retire-at-40 http://www.independent.co.uk/life-style/how-to-retire-at-40-tips-plan-saving-earning-average-salary-a7828801.html http://www.dailymail.co.uk/femail/article-4673030/How-retire-40-don-t-earn-fortune.html I managed it at the age of…
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Deferred pension question
I am 55 year old and have a deterred pension, is it possible to take a percentage of the lump sum. Been to google etc but not much information out there about this. Hope somebody here can help me with this. Cheers.
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Guaranteed Annuity Benefit?
Hello all, I wonder whether you can help me? I'm currently in the process of helping my father to get his pensions in order. He has various different funds held by several providers that we're trying to consolidate into a single pot to reduce management costs and make them easier to manage. One of the pots is with Scottish…
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SIPP contributions at retirement
My OH is currently receiving her state pension. She will retire in August and start collecting her NHS pension, aged 65. She no longer intends to work and will probably be a non-tax payer. She would like to use some of her tax-free lump sum from her NHS pension to contribute to a SIPP. For this tax year, is this limited to…
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Maxed out Civil Service Pension – what next SIPP or ISA?
My husband works in the Civil Service and is currently paying the maximum into the Civil Service Premium Scheme. He is age 55 and will start taking his pension at age 60. To invest spare cash of £10k per annum, he was wondering if he should open a SIPP and pay in until state retirement age of 67 – another 12 years? Would…
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Company pension transfer terms
Hi , Would anyone be able to help me with a question about my company pension ? My present company took over from my old company about 4 years ago ,our terms and conditions were transferred over . The old company works pension scheme was ended and the new company invited us to use their company pension . The downside to…
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Pension help for daughter trying to help parents?
Hi My parents are unsure of the best step to take In Regard to their private pension. They are 63yrs and 62 yrs however my mother has been diagnosed with dementia. They are looking at either:- Take out 25% tax free lump sum of £21 k and then have a monthly income of £230 Or Take the full cash lump sum of £61k. They had…
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Technical compensation question
Hi all My application to purchase Additional NHS Pension in September 2016 was initially rejected but since raising an IDR 1 and IDR2 (Internal Dispute Resolution) my complaint has been upheld and they have agreed to process the application. However..... we are now in another tax year and I have missed out on tax relief…
