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LGPS previous membership
Encouraged by you all, I attempted to trace a pension only to be told I received a refund of £196.52 in respect of my contributions membership period 24 Oct 1977 to 2 November 1979, in January 1980. I am impressed with the record keeping, although confess I have no memory of receiving a refund or indeed of being given any…
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Which legal firm to use for pension dispute
Hi folk. I have a deferred pension and my company are refusing to pay my pension early. I am advised that I should go down the ombudsman route. So far I have used the internal dispute resolution process informal stage and the company is playing the can't afford card. This is despite the fact that they have granted others…
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What to do and why
Need to make an important decision this year . I’m 60 and my Final Salary pension starts paying out next year ,no significant other income streams planned after retirement i.e I really do want to retire. Without going into too much detail the pension fund in question is pretty well bomb proof so the tax free lump sum of…
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Help with retirement issue
If someone with a pension and rental income has to go into care/nursing home what is the best way to sort out their affairs? Do you have to pay income tax if you are in a care home? The person would be entirely self funding and not want to get rid of assets but if they decide they cannot cope with a house, garden, cooking…
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Pension entering PPF
Hi I am a deferred member of the British Steel Pension Scheme and weighing up my options. Likely choices will be Stay with scheme and join BSPS 2 , transfer pot to a SIPP or enter PPF. Currently in the process of meeting with a few fully qualified IFAs Would appreciate if any one could enlighten me regarding the PPF If i…
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Widowers pension.
Just a quick one really, hopefully. Can I defer my late wife's widowers pension that is paid to me until a specified age? I would like it paid when I'm 68 as opposed to 52 as I am now. What would the implications be, if any? Thanks
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SIPP vs other options
For a brief period in my working career I signed up to a workplace pension. The pension product I have read as far as I can tell is a SIPP. I have since left that period of employment in 2015 and accumulated about £900. I'm wondering whether I should make my own contributions or consider other options e.g. LISA. I get…
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What do these references mean?
At the side of present and past company pension schemes these references are at the side of the 3 different schemes names,sent to me by newcastle scheme cessation. These are example numbers but they all begin with S: S4118188T S83000033B and S7000033B With these numbers can i get more info about the schemes involved?like…
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Where do I go from here?
Turned 40 and now seriously considering retirement planning. Can someone please give me that link to free unbiased pensions advice? I've requested and received online access to all my pension pots from previous employments. I've also gained online access to my state pension information. Is there someone on here who is able…
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Higher rate tax pension question (Scotland)
Hi folks, Wonder if you can answer a couple of queries.... A friend of mine has just had a salary increase. This has taken her (just) into the 40% tax bracket in Scotland.The SNP held it at 43000 in Scotland as opposed to the 45k in the rest of the U.K. Thanks again SNP! You've just taken almost all the wage increase:sad:…
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Commutation, ERDF and recycing ramblings
I have asked for and received an estimated annual pension entitlement for drawing a pension early (NRA for this pension is 63), payable from Nov 2017, when I will be 53 and 8 months. My pension (which I can take before 55) is a mixture of an older DB pension and then some subsequent DC pension. I asked for two quotes, only…
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What to do with a £100 k as part of my pension Plan
Hi I have decided to buy an annuity with my pension pot In addition to this I have £100k [currently in a BS on circa 2% interest] I want to invest for 5 to 10 years What are my cautious options for reasonable growth It is unlikely that I would need access to this money for at least 5 years And possibly up to 10 years…
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LGPS - Monthly Income?
I've been given a quote stating my annual pension / lump sum. How do I calculate my monthly income from the annual pension please? Can I just use a basic salary calculator on the internet? I am 62.
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What would you do in my position?
Hi all, I would appreciate your thoughts on what amount I should invest and where best to invest. I'm almost 40, single with no children. I hope to retire when I'm 65, I started paying into a stakeholder pension in 2010 but stopped due to losing my job in 2015. I have just started paying into it again, well I will be…
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What should I have in the pot?
Just wondering if I'm doing ok regarding my pension. I'm 34 and currently my pension pot is at £78,000 Would this be considered good for my age? or am I behind where I should be? I work full time and hope to continue until at least 68
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Drawdown providers
I am in the process of transfering my defered final salary pension to a private provider. What should I look for, in choosing a draw down provider? Any tips? Anyone to avoid? Regards, Rich
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LGPS - 85 year rule - benefit of deferring
Hi So I'm about to turn 60. I was born in 1957. I was a member of the LGPS for 29 years leaving in October 2008. I then moved abroad so haven't been around for all the changes in the pension scheme since. I've been trying to catch-up and based on what have read I believe I am eligible for the 85 year rule if I claim my…
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Deferred State Pension
Wife claimed her state pension for a year then deferred it in June 2014 , claimed 3 yrs later and receives £141 per week . Her choices letter came last week and I had roughly worked out that she would be entitled to £21000 LS or extra £40 per week . The letter stated £28375 LS or extra SP of £57.22 giving a total £198.16…
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Statement Pension Deferment
Hi, I have subscribed to MSE for years and find it really helpful. I am new to MSE Forums though, so hope that I am posting in the correct thread. Does anyone have any experience on making a lump sum from deferred state pension work to the best advantage? I do not wish to consult a FA, cannot afford one really. I figure…
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What do I say....
Hi all, I am considering "very" early retirement next year when my contract at work finishes. I could renew it for another 4 years but due to my health I don't think I can or want to renew it. After many years of saving hard I have more than sufficient capital to live on the income until I get to my Private Pension (in my…
