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Pension
I have some old past pensions, because of the small amounts in them I have transferred them all into my current pension provider so its easier to manage and control investment. However; I have a small pension with 'The Peoples Pension', the value of it is about £120 and was just a single contribution from an old…
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Early Retirement - Starting A Little Late - Help and Advice please
Hi all, I'm hoping some of the knowledgeable people on this forum might be able to assist. A little background. I find life hard. That's not a statement to derive pity from the masses - I'm just stating it how it is. The everyday grind is difficult for me (whereas crisis situations are, strangely, more easily dealt with).…
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Now I’m here, please help
Having failed in autorolment, I’ll try here. “My company has 27 employees. I started with them on April 24th this year. I have had a hard time getting a satisfactory answer off my employer as to why I have not been enrolled. Others have told me that there was a bit of 'disincentive' to joining, mainly along the lines of…
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GMP Adjustments And further BCE / LTA impacts
Having just received retirement illustrations from two deferred DB schemes I am confused about the impacts of GMP adjustments when I reach state pension age? Both provide current LTA usage but appear to treat GMP differently, neither making clear how or if GMP adjustments at age 65 would affect LTA usage. Can someone…
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Buying NI years
Hi, I am currently working in Asia. I am thinking about purchasing extra years for my state pension. I am 46 years old and worked in the UK until I moved overseas in august 2013. I have 24 years of full contributions. My current estimate is £100.56 My state pension forecast is £159.55 if I contribute another 13 years. My…
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Stakeholder vs SIPP for disposable income
Hi Folks, Ive read through a lot of posts over the last few months on this forum and it’s been helpful in educating me in general pension knowledge. I am looking for some thoughts on my specific situation and I understand this is not financial advice. Given my luck the company I work for closed entrance to it’s DB scheme…
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NI question.
Hello. I reach state pension age in 3 years aged 66. I have just left my employed work with approximately £9k of earnings for this tax year. I will be going self employed from November and expect to only earn approx £2k before April 2018. I need 3 full years to qualify for the new full SP. Have I paid enough NI this year…
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Changed job, should I transfer my Pension?
Hi, I am looking for some pension advice please after recently changing my job. I working for a company for ~ 4 years and have saved a modest amount in a workplace pension with Legal and General. The company would contribute a percentage if I paid 5% of my salary, it is ~£20k at the moment. After leaving this company I was…
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Pension query
Hi all, I saw this on BBC website today: http://www.bbc.co.uk/news/business-41580082 and I've a couple of questions. They are saying single person needs:- 10-15k for minimum standard of living 10-25k for modest standard of living Over 25k for comfortable standard of living Does this mean your pension + state pension in…
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Sipp "non standard asset" fee, is this fair?
Hi So I had a SIPP invested in a 2 year 2% fixed savings account with a bank via sipp administrator, opened 2015, matured 2017. Upon checking my statement, the SIPP administrator has charged a £600 fee in 2016 for a "non standard asset fee". They introduced this fee is in 2016. I believe a non standard asset is an asset…
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Basic question...
I'm starting a new job next week where the employer makes a 6.5% pension contribution. Does that mean they deduct from my advertised salary so in essence I have less take home pay? I assume its not in addition to salary? I'm new to all this!
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Pension advice for Sole Trader
A few years ago I asked for some advice on here about retirement planning for DH and I... those plans fell by the wayside as we then discovered I was pregnant. Fast forward 3.5 years and I'm pregnant with No2 but have had another look at our outgoings and feel we are now in a position to look at our retirement plans again.…
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Can I afford to retire at Xmas?
Hi, I am planning early retirement at the end of this year and would like the forums thoughts on my finances: Status: Divorced with no dependants, age 51 Renting a room in friends house, no other financial commitment Current salary package cira £60,000 including pension contributions Assets: £250,000 Cash (average interest…
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Thoughts on Standard Life
The more we read the more confusing pensions become. Think we have found a reasonable firm to handle the pension transfer and now must decide who to place our pot with for the drawdown element. We are thinking about using Standard Life and wondered if anyone with more experience could point out any pros and cons? Any input…
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Pension ditherer needing input
I am 63 and after being made redundant from a very well paid job in private sector I don't think I am keen to continue in the rat race so looking at retirement options. I've now seen 3 'advisors' who all want £2K plus per percentage per annum to manage funds with no real indication of their success. I have looked at SIPP…
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Annuity
Can someone please tell me what an annuity is and how it affects me - my mum recently passed away and Canada life have got in touch with me about an annuity forgive me but I have no idea what it is I know it's something to do with her pension have tried to find out on the internet but no joy - can someone please shed some…
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Basic rate tax payers ... what do you use to save for retirement?
After recently discussing with Alexland in my other thread: https://forums.moneysavingexpert.com/discussion/5724275 where i'm not really any further forward in the search for a good cheap pension provider in that scenario, what s/he was saying made me wonder... ...made me wonder what many others, especially those with way…
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Multiple Pension Statement Planning Confusion
Hi, all. Hope somebody more experienced than me, can help. I have been in the Civil Service for 22 years. Before that, I was in the RAF for 9 years. My Civil Service time has been covered until fairly recently, by the Classic pension, but has recently closed and I now have a second pension, based on a career average…
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Is it worth transferring to my Stakeholder pension?
Hi there I hope this thread is in the right place, I just hoped to get some thoughts on whether my thinking is right (or not) I recently decided to transfer out of the smaller of my 2 DB pension schemes (leaving the other alone) and to put the money in a fund. As I had to take advice to do so, I saw an IFA and eventually…
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Is there better 'value' retirement alternative?
Sorry, I posted in the wrong place previously........does anybody read auto enrolment? My wife, 60 last year, is going to be short of years contributions with state retirement pension at 66. She will be able to buy in some years for a lump sum at 66, is this the best option. If not, then what are the alternatives. Thankyou.
