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Combine LGPS or not
Hello I have a deferred LGPS which I left in 2013. I have rejoined the same LGPS and have to make a decision about whether to combine the deferred one with my current one and if so which of two transfer options to choose. The deferred amount is not a large pot as I was only in that job for just over a year. My current…
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How to open a SIPP with HL?
Hello, I have tried to open a SIPP with Hargreaves Lansdown but it looks like it's impossible to do it online... the web page appears with info that I need to call them or download the form, to fill it in and send via post TOGETHER with supportive documents (copy of passport, employment docs etc.). Is that something…
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SIPP Tax Relief Timing
Hi, I opened a SIPP with HL in April 2017, following some research on investing. As a 40% full time working tax payer, my question is when do I claim the tax relief over and above the 20% that HL claim and pay monthly into my account? Should I wait until the end of 17/18 tax year or claim periodically? Not sure if this…
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Drawdown providers comparison resource?
I am considering (because of personal circumstances) transferring my DB pot to a drawdown provider. Is there any resource that lists and compares the different drawdown pension providers in terms of cost, flexibility and customer service plus other factors I've not even considered yet? i.e. just like I might look at…
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NHS Pension options
Hello I have worked in the NHS as a doctor since 2010 and have paid into the NHS Pension scheme since then. I will become a Consultant in Aug 2019 (all being well) at which point I will be 33 and thus face 34 years until official pension age. I should therefore max out my £1mill pension cap (I think). I have a few thousand…
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Locating A Company Pension
I am having huge problems finding a company pension I paid into for sixteen years . The company went into liquidation in 1992 and I was made redundant . I had already transferred a pension from another company into this one and in the course of trying to find out what happened contacted that company who still hold records…
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Children's pension on divorce later in life
Good afternoon. Could anyone please help me? I'm considering starting up a pension for my 13 year old lad but unsure about something. If for example I pay into his pension for 20 years and he gets married then. If he were to divorce say 10 years later (hope this doesn't happen) would his ex fife be entitled to half of…
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SIPP Allocation
I am transferring monies from an old pension (500k) into a new SIPP shortly and I want to get a handle on where best to invest the cash. The SIPP will probably be with iWeb and I am considering a mainly passive portfolio with some smaller active funds covering areas such as smaller companies and emerging markets. I am 55…
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Deferring SP no longer worthwhile?
Refs: Earlier Thread: State Pension - deferring and top-ups Analysis by John Dagpunar from 2015 John Kay's calculator I had the misfortune to reach my SPA of 65 shortly after 5 April 2016 and having been contracted out for most of my career my state pension would be little more than the basic £122.30 per week. (Yes, I have…
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Should I stop paying into my pension as I've previous one? I work part time, get CA?
Hi everyone I get Carer's Allowance and work part time, 15 hours per week in the hospital trust, been there 6 months and they put you into there pension scheme but you can opt out within a year. £25 comes out of my Gross pay every month for pension. I'm in my mid 40's and I have another Pension with 'Clerical Medical' when…
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Drawdown withdrawals
Has anyone experienced making an ad-hoc withdrawal from a drawdown pension. Wondering how quick its likely to be between applying for the sum to it appearing in your bank account.
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New baby: Is a SIPP the correct option?
Hi all, My wife and I are lucky enough to have a 4 week old baby girl. Friends and relatives have been so lovely and have provided presents and cash for the little one. However, I am very aware at how easy it is to use the money on baby stuff, etc so we have thought about putting it away in a bank account for the little…
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Lost pension turns up.
Hi all! First post! Had a letter last week from L&G to confirm I'd changed address for a pension I've been searching for over the last 5 to 10 years for a company I left more than 20 years ago (on contacting SJS consultants they stonewalled me with its been "moved on" but didn't tell me where to). After replying to L&G…
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IFA with sensible fees for obvious advice
Hi I have cancer; sadly not the good sort. My DB pension scheme isn't going to be much use to me. I've been offered 33x for transfer. I have lots of other income so the security of DB isn't much of an issue for spouse. However, to make the obvious transfer, I *have* to show that I've taken advice. Everyone is quoting me…
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pension credit and separation
on behalf of mum and dad; mum is already retired, getting basic state pension. Dad is nearing retirement age, but will not have enough contributions for full state pension and will have to claim pension credit. They no longer want to live together and wish to separate, though not divorce. Will dad's claim for pension…
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FIXED Deposits inside of SIPP
I retired just over a year ago and setup a SIPP with the view of investing all my funds in several fixed term deposits. At the time most SIPP operators allowed unrestricted access to all Banks offering fixed term deposits for SIPPS. To me this was a good thing as I have retired and do not want to be exposed to the risks of…
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Ill-Health retirement - how to continue to invest in a pension
Hello everyone Having suffered with acute anxiety for years, I'm being retired on ill-health grounds at the age of 44 (and a quarter). I've been a civil servant for over 22 years and will be given immediate access to my pension without reduction or enhancement, which is a huge relief. However, this is obviously based on my…
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Missing AVCs with Equitable Life NHS scheme
My wife (a GP) has asked me to investigate an issue she has with her NHS AVC Plan (which is bizarrely still with Equitable Life). The problem is that, although the NHS continued to pay her contributions into the scheme, EL claim that nothing has been received since April 2013. I'm assuming that there's been an…
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Transferring UK pension to usa
Right I have a UK pension and want to transfer it to the USA the UK government site states Transform Group Simplified Employee Pension Plan is an approved transfer at a rate of 25% taxed. I Can't find any such plan please help otherwise my pension is taxed 55% if I can find a company to take it. Which is the same as…
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Open Market Option
If I wanted to transfer a pension to another provider, the so-called open market option, where would the best place be to research my options for possible destinations? Thanks
