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Confused
can anyone give me some advice ...is been retired through ill health and having your employment terminated through illness the same thing ?
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Lost pension funds
Please, please can anyone help I have just discovered - due to me not notifying old pension scheme of change of address, that the scheme was wound up in2009 and all funds disperesed. Is there anyway at all I can get any of my money
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Prudential compensation
I have just received a letter from the Pru in relation to my draw down pension. They are giving me a £85 interest and £100 ex-gratia payment for delays. I have not filed a complaint, but I may have mentioned delays in a feedback form. I thought the delays were the usual tactics, for them to hang onto their/my money; so I…
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Is my husband entitled to a pension taken out before we met?
As article title suggests. I’m looking for advice on whether me soon to be ex husband is entitled to my pension that I drew before we met. I have two further pensions that I know he would possibly be entitled too. Where do I stand in terms of the house? I have put more money into the house than he has...I understand he…
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drawdown
I have a small pension pot of £25,000 with LV and hoped to drawdown all of it on my 55th birthday. I have now found out that they have a £30,000 minimum pot policy before they allow drawdown. I can put in £5000 to reach their minimum or move to a new provider. I am not looking for any growth between now and my 55th…
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LTA Questions
I turn 55 next year and can apply to take my two main pensions. I'm thinking of doing so because my DC pension pot will then be 500k and my Defined Benefit one will be around the same, meaning I'm sailing close to the wind on the LTA (I protected this at £1.032m) My question is, if f I crystallise both pensions at 55 do I…
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LGPS - pension calculation
LGPS expert help please...... I am hoping to retire some time in 2019 which is the year of my state retirement age. I may be due a pay increase from September 2018 (this is a discretionary award) as well as the annual cost of living rise, which is also awarded in September. How would these calculations affect my pension,…
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Asda pension bulk transfer
Asda is shortly offering the chance for pension funds held with Prudential to be transferred into the Legal & General account which is the current provider of the Employee scheme. If you have less than 20 years to retirement age then the transfer is optional if you wish. Thoughts on transfer for aprox. 17 years left until…
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Company Pensions to SIPP
Hoping this is not a silly question. I have one closed pension (company) and one running pension with my current employee. It appears both have a retirement age of 60. If later in life l wanted to transfer both to a SIPP (assuming l retired in my 40s) would l be able to access cash from 55 onward? My reason for asking is…
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Pension advice..what else to do?
I am asking this question on behalf of a friend. They are 30, earn £58k, plus additional income from BTL's. Currently they pay 6% into their company pension, this is matched by their employer. From what I have read on here, I have suggested that they could also open a sipp, and use this money to bridge the gap between…
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23 yo starting pension.
My son has finally finished uni and got on a decent grad scheme. He has been asking me about his pension and what he should be putting into it. My first thoughts were the max but thats looking at it from my position. I havent got all his info as he has just sprung it on me, and he has started work this week so not seen…
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Minimising Charges
I have a Pension with Standard Life that I no longer pay in to. It's currently valued at c. 477k, but I noticed on my statement that I was charged slightly over 4k last year on this amount. When I looked at a Vanguard Life Strategy 60/40 fund, the charges seemed to me to be 0.22%, considerably less than SL. So I wondered,…
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Nest Delay in buying units
From NEST: 'When we receive contributions to your retirement pot we invest it by buying units in your fund. This doesn’t happen immediately. Normally it takes three to five working days before the money goes into a fund. That’s because it takes time to tell our investment people and for them to complete the transaction.'…
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Pension release advice
Hi My husband turned 55 in april 2017 and applied to release a lump sum of his pension from his previous employed which is a LGPS. hey declined his request on financial grounds (cuts to services etc). Can they legally do this and is it worth appealing?
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NHS Widowers Survisors Pension
Hello, I am just after some information about the NHS survivors pension, sadly my Mum passed away last month and she worked in the NHS for the last 28yrs and paid into the NHS Scotland pension, she was sadly taken from me too soon at the age of 54 after being diagnosed with cancer. Having had discussions with my Mum she…
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Pension tax rebate - do I have to put it in a pension?
Hello, I recently received some money from HMRC because I had only been receiving basic rate tax relief on my pension when I should have been getting higher rate. The money came through in the form of a cheque after I wrote to HMRC and requested it. My question is, what can I do with that money? I ask because I would have…
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Pensions Fund change query
Evening, My work pension has historically been invested in Friends Life cautious index which has performed reasonably with low fund costs and have been happy with this. On the back of the pension freedoms our online benefit provider are now recommending that I move to 'Friends Life My future target draw down.' The only key…
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Early Retirement.... with Young Children. Does this feel reasonable?
I read lots here about people waiting until the children have finished university before they feel its safe to retire/stop full time work. My situation is different. I had children relatively late (early/mid 40s) and I have stopped working (at 52) - with 2 primary school age children (6+10). I might be getting the SP just…
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Civil Service AVCs Transfer to L&G
Hello, An announcement was made today by the lady in our finance department who handles pensions. The Civil Service are entering a consultation period to move our DC schemes to L&G from Scottish Widows and other providers. This includes our AVC funds. I had been thinking of transferring to a SIPP and either L&G or VLS, but…
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RetireEasy Classic Version
Free service ends 15/10 according to an email I received. New cost £1.99 a month for current users. I'll have a think as to whether I continue with it.
