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Pension transfer
I am now looking to transfer my pension from my company closed scheme and it is around 500k my advisor has suggested a company called square Mile investment and research Has anybody used them ? I am nervous as concerned for the future as this is in essence my full retirement money
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Do Investment bonds count as income for pensions?
Does anyone know if the proceeds of an offshore investment bond which was surrendered and taxed at the higher rate would be classed as income for pension contribution purposes, so that it could be reinvested to get the tax relief, assuming one had sufficient contribution allowance?
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State pension deferral...
I read somewhere on the forums here that given I am going to work until I'm 70, I could get my state pension deferred and that in doing so, I would be quids in. Can anyone give me more information on that, and how I go about it please?
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Work pension worth it short term?
Sorry to be that person that asks the really simple questions but I'm clueless with these things. Is it worth paying into an employee pension if you have no intention of staying there for long? I can't see myself being there more then a year and the contributions would be minimal as I'm on a part-time wage, but I guess if…
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Just wondering whether my defined benefits are worthwhile?
I've got 3 defined benefit schemes of which I am a deferred member. In current money they would pay out £2.8k, £2k and £3.5k per annum. I've also been investing in a SIPP for several years. I've always stuck with the advice to NOT transfer these defined benefit pensions, but I am rather frustrated as they increase at a…
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What happens with Pension Credit at age 65
A simple question I think, but one I can't find the answer to. I am currently receiving pension credit for myself and my partner. I will reach state pension age early next year. What happens at that point? My partner is many years younger than me so I'm assuming that the pension will be made up by pension credit to the…
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Back pay unpaid NI payments and up other pension?
Am 43 and was abroad for a long time so haven't kept up to date with NI payments- shall back pay 4 years I can still back pay? I have missed a fair few years? Think it's £600 a year. Worth it? I was in the workbased government pension and then went self employed and so carried it on am paying £70 a month- is it enough?…
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Child Pension Advice
Good Morning! I'm after advice on setting up a pension for my newborn. I can't really find any info on what is classed as a good scheme. I do already have a virgin child pension set up for my daughter but as for performance wise, I'm non the wiser! any help would be greatly appreciated. thank you!
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Pension Pot
I have a pension pot of around £500,000,through the electrical supply industry, that I have been paying into for 29 years.I am aware that I cannot cash in until I am 55 for a monthly income,I am 46 at the moment.Can I withdraw this pot and invest it elsewhere for upto 10 years,if so what would be my best bet ?
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FSCS and SIPPs, too risky?
1.If my hargreaves SIPP invests in an insurance company fund for example Prudential 20-55 Dynamic, and Prudential went bust, would I be completely covered? 2. If invested directly with prudential, what is the maximum FSCS cover per fund? I can't find these answers anywhere, the fscs website isn't detailed enough :(
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Life's swerve ball - need to plan differently!
Hello All, I've not posted before but need to get some basic advice ahead of probably enlisting an IFA in the coming months. To cut a long story short my better half is going to face some medical / life challenges in the coming years (PD) and we need to plan accordingly, so this is a first stab!....any and all advice very…
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Tax relief on Private pension contributions
As a non tax payer & over 55 years old, am I able to pay in the maximum £2880 out of my savings into a SIPP, get the 20% tax relief, then drawdown the full amount of it including the tax relief?
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SIPP withdrawal/drawdown
Is withdrawing money from your SIPP after 55 the same thing as "drawdown"? It seems various platforms charge various fees (HL nothing, Fidelity nothing) for "drawdown" out of your pension plan. Bestinvest quote a fee of £25 for "Ad hoc income payments". So does this mean I would be charged £25 each time I withdraw any…
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Ppf
My husband has his pension in the PPF and he is 55 can he get his money out now? His company went bust years ago and his pension was put into the PPF fund. He has £46000 sitting in it and wants to withdraw some?
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Minimum payment into Close Brothers SIPP?
Quick question for anyone who has a SIPP with Close Brothers self-directed service - what is the mimum ad hoc payment? I thought I'd try making a small payment into the account for experimental purposes, but transactions failed at £80/£100. I'm in the process of transferring in an existing pension, but the balance is…
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Simple cheap stakeholder or personal pension
Hi I am looking for a cheap insured stakeholder or personal pension plan from an insurance company. I would like to just save £50 to £150 a month. I have a workplace defined contribution pension which I contribute to so this would be in addition to my current pension. I don't want to put all eggs in one basket, which is…
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NI Confusion!
Whats the rules around NI contribution and the Govt pension? I'm in the LGPS so I know I wont get the full amount, the Govt Gateway site website shows that I have contributed for 44 years, I have 4 years to till my NRA yet Govt Gateway is telling me that I need to keep paying to get my full entitlement, of around £148, at…
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Pension input amount
I've never paid much attention to my local governmemt pension before, so please be gentle with me! I've had leter saying I exceeded my allowance last financial year, but not to worry because I can carry forward allowances from previous years. My question is about the pension input amounts, which seem to have varied…
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No pension, no NI
I just found out that my new employer doesn't pay any pension. I also work only 12 hours a week, meaning I don't pay any NI. What is the best option? Pay the voluntary NI of £741 this year? Or paying the same ammount into private savings? I understand that it obviously depends on how you place the money, but in general,…
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Stupid question alert!!
Please be gentle but my husband asked me a question yesterday and i couldn't answer it. He got his pension forecast (hes 40 years old, employed and pays into a private pension). The value of the fund is approx £50,000 at the moment and going forward it says he will get a pension of around £3000 per annum when he retires…
