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MSE News: Pension auto-enrolment to be extended to 18-year-olds
Pension auto-enrolment is to be extended to 18-year-olds under plans set to be published by the Department for Work and Pensions today...Read the full story: 'Pension auto-enrolment to be extended to 18-year-olds' Click reply below to discuss. If you haven’t already, join the forum to reply.
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Friends Live/Aviva
I have got one Aviva pension and two Friends life pensions. I have tried to speak so someone about these as I can only see the Aviva pension on the Aviva website. After phoning I spoke to someone at Aviva who could see one of my Friends Life policies but not the other and gave me another number to call, which I did this…
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Equity Release and the Life-Time Mortgage
Good Evening All! If anyone wants any basic questions answered about releasing equity from their property or about the Life-Time Mortgages on offer on the market today, please let me know. I work as a basic contact centre agent in a non-advisory role for a broker firm and can offer insight to how it works, the frequently…
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What is the best thing to do with my freestanding AVC"s
I have £28K in freestanding AVC's. I've had a little google around and looked at pension-wise and have come to the conclusion that I would be best to invest this money in a SIPP with Best Invest after taking a 25% tax-free lump sum. Would you agree? If not what would you suggest?
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Minimum earnings
Could anyone confirm, as I've read on this forum, that if you earn below £10000, you will not be automatically enrolled in the pension scheme, thanks
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Can I pay into a new Pension when i start drawing FS Pension
The company I work for are changing Pension rules that will mean if I stay in FS till 65 I will have a reduction of 11% pa ( currently 61years old) I have two options that are viable- Take Pension from Feb 2018 or Tf Final salary to a SIPP. QUESTION could I place the majority of the pension into a new Pension and claim tax…
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Self employed & pension contribution
Sorry to ask, but I just wanted to check. I have recently gone back to work self employed and intend to pay all my Profit Income into my pension fund. If I know that my profits for this tax year will be £10K for example, could I make this contribution now or do I have to wait nearer the end of the tax year. I appreciate…
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Defined Benefit Pension
Hi there I have a defined benefit pension with DHL … they call it a money purchase with guaranteed minimum pension underpin. I cannot access this pension when 55 or take any of the new options but I can transfer it out. I am 55 in early January. My current situation is that we lost everything in the credit crunch, became…
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NHS Ill health retirement
Today I have received notice that I have been accepted for "Early payment of deferred benefits" on ill health grounds. I'm 52, no longer working in the NHS (28 years pension accrued), receive PIP and currently working for a 3rd party health company. Can anyone tell me what will happen to the PIP and if I am allowed to…
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SIPP or company pension?
Hi everyone! I run my own small limited company and until now have saved everything in an investment ISA which I manage myself. But I’d like to start a small SIPP - as I specifically know what I want to invest in. Because I’m a director and run a company - do I need to open a company pension? My accounted hinted this might…
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Class 2 Able to Top Up?
As a self employed person I'm paying my Class 2 NI contributions. But I won't get the full pension. Am I able to top the Class 2 up every year? Would it be worthwhile anyway? Thanks,
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Qualified earnings - but what happens when you get a pay rise?
Please can someone advise? I am in a "qualified earnings" pension. I was never sent any details about it so didn't know it was a QE scheme. Some years on now, and as I have moved up the company, my pay now exceeds that QE banding. But the pension payments from my company have just stayed static and within the banding. And…
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My meeting with the FA
Ive set the ball in motion to access my 25% TFLS, However i was advised to get a transfer value on my froze FS pension to see wether it be viable to transfer it into my remaining Pru pension or other. The reason been that if i was to drop a week after i retire my wife would only see a min pension, where as if the money was…
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Carry forward ?
I would like to use carry forward to make additional SIPP contributions above the £40k annual allowance. Do I need to notify HMRC of this? Gross earning estimated £50k, with DB pension (NHS) benefits estimated to be £16k for 2017/18 and similar for previous years. The SIPP has been for 2017/18 only and so no contributions…
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Lifetime allowance usage calculations
When calculating the LTA usage, I understand that there are crystallisation events, including one at age 75. My question is whether investment gains on a drawdown pot between retirement (say age 60) and 75 always count towards the LTA or whether they only count if you don’t draw them down. Let’s say you had £800k at age 60…
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Retirement Advice
Hi I am looking for some general advice on savings and mortgages. I work for the NHS as a nursing assistant, I have a 15k mortgage, and £65000 savings and a £400/ month private pension I am looking to retire when I am 60 in September 2018.(By then will have my mortgage down to £10k.) My dilemma is do I pay off the mortgage…
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Company SIPP (limited fund choice) v Personal SIPP
My pension contributions deducted from salary are invested in an L&G SIPP in which platform fee's are covered by company, I just pay the fund fee's. This is saving me ~0.3% per annum. There has been a reduction in the number of funds that are available to me recently which is making it more challenging to align with the…
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Choosing an IFA and fees
It's come to that time where I have about4 years left before i decide to take my private pension, It's been in the same place now for 35 years basically just left doing its own thing, so figured the sensible thing to do albeit late to seek advice from an IFA. I know the first meet is free, but is it considered bad form to…
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Reducing tax by putting money into SIPP
I will try to keep this simple. I am a 40% tax payer and I was moaning I pay too much tax (friend said easy, just put lump sum into your SIPP). My issue is I don’t really understand pensions. Currently I’m putting £9,000 (ish) into various pensions annually (this amount includes my money + employer contributions + tax…
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AVC to pension or ISA??
Hi guys, Just seeking some advice regarding pension savings. I currently pay in to an emergency service pension, I’m 26 and have been doing so for the past 3 years. I have an option to pay extra in to my pension, which is called AVC, Additional Voluntary Contributions. I do not believe my employer contributes further if I…
