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Company Pensionhelp Ltd
Hi I have been referred to use a company called Pension Help Ltd - http://pensionhelp.co.uk Does anyone know of them - any reviews anywhere I can read up on. Thanks
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What to do
I'm a confused as to making a descion,I am 57 living in Colombia though return every 6 months to work seasonal in hotels for Minuit wage.my mortgage is paid, here in Colombia also I have a house worth around 180 thousand dollars in Orlando Florida, which is also mortgage free.i spend about 1.300 pounds a month here, pay…
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Pension Fund
Hi I currently have pension from my old employer which is now frozen and I am now paying into my new pension with my new employer but my question is what to do with my old pension do I leave it dormant or is it worth merging it with my new one?
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Company director and pension contribution best practise
Hi All New poster, so please go easy... A bit of back ground, I co-own a business that after a number of years has finally started to turn a regular profit. Both me and my business partner don't have any pensions and are early 40's. The company has recently auto enrolled all staff onto a work place pension scheme with…
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UFPLS v Drawdown
Which is the better way to drawn on a pension pot? Flexi-access drawdown or UFPLS. Not a financial guru so please treat me as a novice. Many thanks.
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Final Salary Scheme to Money Purchase Scheme
Hi there, Up to 1988 our Company offered a Final Salary Pension Scheme. In May 1988 it decided to offer a Money Purchase Scheme for those staff under 40 saying that with Government rebates we would likely be better off:rotfl: Most of us at that time believed the Company and transferred into the MP Scheme, we were though…
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Value of pension contribution towards AA
I am a HRT payer and member of a DC occupational pension scheme. I contribute £333/every 4 weeks into my DC pension via salary sacrifice (Smart Pay I think its called) and my employer adds a further £443/every 4 wks. So, that's £10088/year. In terms of Annual Allowance it would be useful to know if my work pension takes up…
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NHS Pension - Short Term
Hi, I am new to this forum and would like some advise on my NHS pension. I have only been with the NHS for a year and as i am in a supporting occupation (rather than a health care professional) so I do not see a long term future in the NHS (I have previously working in the Private or 3rd sector) I have been looking into…
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DB Pension - Want to have lumpsum
I am 55 years old. I have 5 pensions in total: 2 with Standard Life - that I can now take as Lump sums - 1 group pension and 1 Stake holder pension plan. 1 personal pension that I have held since 18 - 37 years at moment 1 current pension ( work) - Aviva 1 DB Pension with Diageo. Own Properties in UK and Europe as well as…
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Taking pension to avoid tax
I took all of my personal allowance (£11500) from the taxable part of my pension just after April 5th (month 1) and had to pay over 3.5k in tax. I then had to reclaim this using P55, which was a faff and took nearly three months. If I had taken the full amount in the following March (month 12) would the pension provider…
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Should I consolidate pensions?
This sort of question will have been asked time and time again, I'm sure, but having a quick scan through the most recent posts, I can't see anything to give a definitive answer to my question so: I've recently joined the Civil Service, have signed up to a new Alpha pension as part of the Civil Service Pension scheme and I…
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£81K transfer value
I have a Defined Benefit pension scheme from the 80's with a transfer value of £81K. What is the easiest way to access this ? I'm 52, no mortgage or debts, in receipt of a decent pension so no future money worries but would like to spend the money on giving my children the leg up in life I didn't get. Am I correct in that…
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Paying into a pension
Hi There, i would like to increase my payments into my pension. Is it right that i can pay into a pension and this is offset from my tax paid from my gross salary rather than coming out of my salary? so my salary stays the same? Very new to this, so any advice would be grateful
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Pensions Advice Allowance
hi The first i found out about this was last week - since then I cannot get a direct answer from - HMRC, Pension wise or money advice service - Its states on the https://www.gov.uk/government/news/savers-to-be-able-to-access-1500-tax-free-for-pension-advice - This was on Feb 2017 that "will be available at any age,…
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Budget: Hammond mulling tax cuts for young paid for by slashing pension tax reliefs
I know that there is speculation around pension tax reliefs before every budget, but this is being widely reported: http://www.dailymail.co.uk/news/article-4983488/Tax-threat-older-workers-autumn-budget.html http://www.cityam.com/273873/budget-2017-philip-hammond-mulling-tax-cuts-young-paid…
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Relevant income (eligible for pension tax relief)
I've recently dropped down to working one day per week so I cannot invest as much as I would like into my pension, because my employment income is much lower. However I noticed that the following is also classed as 'relevant income' and is also therefore eligible for pension tax relief: Remuneration paid in the form of…
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Redundancy at 50, local government pension
I'm being made redundant, and have had a forecast from my pension, Because I am 50, and my employment ends at Christmas my forecast is With contributions up to redundancy, payable at 55 Standard annual pension. £2722.68 Standard (tax free) lump sum £4132.20 If I was to contribute till 55, payable at 55 Standard annual…
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Paying into UK pension as a non tax resident
Hi Forum, Just a quick query. I am planning on working in New Zealand for a year from about June 2018 and am keen to continue to contribute into my UK based pension. I've had a look through the rules and I wanted to check whether I've understood this right. 1) I can continue to contribute 2) I can apply for 20% tax relief…
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State Pension Forecast, Confusing?
Don't know if its me but finding this hard to understand. I am aware I was contracted out and need to add contributions to gain full state pension. Here are my details from the gov.uk system if anyone can fathom out. "Your state pension is forecast £159.55 in 2029. You need to continue to contribute national insurance to…
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SIPP & Physical Gold
Hi I am hoping that someone has had better luck than me. I am looking for a SIPP that will allow me to hold physical gold as part of my pension, without any % restrictions. e.g. InvestAcc will allow 25% only of your total investment. Thanks very much PS please don't turn this into a "why invest in gold thread, or invest in…
