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Pension calculations/forecasts
Afternoon all, Just working out various pension pots acquired over the years(!) and need some assistance in working out their potential value in the distant future when I can eventually retire! I have a dormant pension pot; it's worth £12k but has increased by 19% or £2k in the last year (was worth £10k this time last…
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SIPP in VLS100 through HL?
Hi All, A little about me - I'm 25, married and own a small home (with a mortgage). I'm a BR tax payer. I currently have £2300 in my workplace pension which is invested as follows - L&G Diversified Fund 64.6% BlackRock 30:70 Currency Hedged Global Equity Fund 35.5% Fees - Annual management charge 0.557% Other charges…
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FCA Holborn Assets pension transfers
Has anyone heard of Holborn Assets? My friend transferred her pension with one of their advisors in Dubai but recently we've seen in the news that the FCA have stopped them from doing it. What does a section 55L mean and will it affect her pension? Any help much appreciated as she's quite worried
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MSE News: Millions face waiting an extra year for their state pension
Millions of workers in their early-40s face having to wait an extra year to collect their state pension after the Government announced its intention to change the point people hit retirement age...Read the full story: 'Millions face waiting an extra year for their state pension' Click reply below to discuss. If you haven’t…
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Buying an annuity, Crystallised or Uncrystallised
Seems unlikely, but you never know what the future holds. Life expectancy rates have stabilised. Who is to say rates will start to come down. There are more medicines and drugs around, but people are getting fatter and there will be more complications than before. IF annuity rates did start to rise in future, would those…
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State pension age increase to 68 brought forward 7 years to 2037
http://www.bbc.co.uk/news/business-40658774
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mis sold pension
Hi I have contacted by a claims company confirming I have been missold a pension scheme for which there have been no payment and reduced payments coming in from 2 different companies. They are asking for 32% charges on what they can claim back, but as you can imagine I am worried that they are just also going to eat into…
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Hammond backs our argument
As previously stated and now with Phillip Hammonds backing The public sector pensions are far more beneficial than the private sector and basically greed now wanting a uncapped pay increase..............Dont worry we will keep paying for it while they take the money and run at 55/60.
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Tax on PEP and SIPP for non UK residents
Hi, My husband and i are both retired and currently live in Switzerland where we pay tax. We each have a PEP and a SIPP in the UK and we were shocked to be told by a Swiss financial advisor that the PEP and SIPP should both be declared to the Swiss Tax Authorities and would count as part of our wealth and we would pay tax…
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Should I put my redundancy settlement into my pension?
I am 56 and about to be made redundant ... it would seem like a good idea to invest the entire taxable component of my settlement into my pension, and I have enough allowance to do so without it attracting income tax. All other things being equal, is this a sensible course of action or have I missed something?
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Auto Enrolment Pension voluntary payments
My pension starts this month. I have been told that I can opt to put in more than required voluntary. Ours is only 1% employer and employee but if I put in 10% each month would be better than any savings I am 53 but only work part time so gross per month is just under 10k Please could anyone help?
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Mortgage free at 35. Now to start a pension.
Hi there I've sacrificed pension planning in order to clear my mortgage and as off yesterday I am mortgage free. So, now I'm planning on a pension and was to get things started ASAP. I don't know where to start. I can afford to save £1000 a month. Any advice or links to where to start? Thank you
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Late husbands pension
I'm wondering if anyone can help me .My husband died last month aged 63, I am 54 and only working part time, we still have the mortgage for ten years yet. I'm wondering what happens to my husbands pension, is there any chance I will get a top up for my pension from it? He had a small pension from an old job, but as he…
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Setting up and Transferring pension cheaply
A relative is becoming a teacher and has a stakeholder pension which he wants to transfer. He is also interested in adding to his pension this and next year to kick-start his DB pension. Which would be the best/cheaper way to open a pension and transfer the money?
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Works pension
Looking for some pension advice please. My aunt sadly passed away recently, prior to her passing she received A widow's pension from her late husbands employer on a quarterly basis and in arrears. I informed the pension administrator within a day of her passing to stop any payments after the date of her passing. She was…
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Charge to transfer out of Cavendish Online?
Is there one? I just tried looking now but couldn't find whether there is a charge. I'm thinking about moving out of there to HL. I'm not sure the lower charges are worth it because i just can't navigate that website at all. I've tried setting up a monthly payment but it doesn't show in my account. There's uncleared…
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LGPS calculations - sanity check please
I am 56, born Jan 1961. I have a deferred LG DB pension, 13.1 years service, left in 1999, leaving salary was £22k and £6k in AVCs. Pension can be drawn at 60 without reduction. Current forecast is £5657/pa, lump sum of £17k + AVC which can be taken tax free as less than 25 % of pension pot. Rejoined LG pension scheme in…
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getting a cash equivalent offer
Hi--ive just phoned my company pension department and asked for a cash equivalent transfer value but they said they can only do that if i am a deferred pensioner-ie. leave the pension scheme. This seems like a catch 22 since i want to know how much it would be worth before i transfer. I am in a final salary pension which…
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NHS Pension - Post-Death
My current situation is I am a 55 year female, retired last November 2016. I currently work two days a week in the same role pre-retirement . I am divorced and subsequently took the 25% tax free lump available to me and draw down on my pension pot as normal. My main question is should I die, what happens to my pension? Can…
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Too late to retire early?
WARNING - VERY LONG POST. SORRY! Thanks for looking this over. I'm 55 and work for a local authority. My works pension will be paid in full at 67 or a smaller amount at 60+ and I've recently had to drop to a four day week due to health reasons. I'm wondering if I can afford to retire at 60, or will I need to take "flexi…
