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Incorrect contribution percentage's effect on forecasts
Good morning Please could you help me to understand how the following issue will affect my pension forecast. I have a group stakeholder pension and I contribute employee's 3% and my employer also contributes 3%. These are usual percentages. Additionally I make salary sacrifice contributions of several hundred pounds. These…
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Salary sacrifice and NI contribution question
Was reading an article the other day explaining the different methods for contributing to a pension and they mentioned a net pay method where a contribution is made before tax is taken out which provides tax relief because you're overall salary is lower. Then I started reading about salary sacrifice which sounds identical…
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Lighthouse Group Financial Solutions
My partner is organising retirement options and pensions. The union, ASCL, has a 'partner' Lighthouse Group. Are these people simply selling their annuities or are they genuinely offering impartial advice for the retiring teacher with their 'free' first consultation?
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impossible to find FA for DB transfer
It is impossible to find a FA to transfer my £36k LGPS DB pension to a DC so I can take it out as a lump sum. 1st they are paranoid about getting sued in the future, 2nd they feel the risk to high for anything under £100k & 3rd if they find you to be an insistent client they up their fee so in effect they are scamming you…
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OP mortgage or put money elsewhere
Hi all Retirement feels a very long way off, but I've been thinking about my financial planning so I can improve my worklife balance, possibly achieve early or semi retirememt sooner rather than later. I've got a thread over on the MFW board at https://forums.moneysavingexpert.com/discussion/5755807 would love to hear any…
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Pension question
Hi, Just wondered if anyone can help I currently have a government work place pension with NEST. With 1% put in by myself and my employer. I see on the pension advice section it is advised to put into the pension a % of half the gross salary per year based on when the pension starts, and this includes employers…
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can't find the policy!
Are insurers obliged to give you details of policies which you hold with them? Just had a letter from the Pru asking me to confirm that I am who I am and live where I live. I also had to provide my policy number, but I just can't find anything with the Prudential name on it, though I did take out an endowment with them in…
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Tax free lump sum seems too much.
I've got a Defined Benefit and Defined Contributions pension with the same company. I've just retired and have had a list of options from the company running the schemes (Capita). The DB element will be taken as a monthly pension. Regarding the DC element, I have been given the option of taking a tax free lump sum (PCLS)…
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Extra £10 on state pension
my mother was paid an extra £10 on her pension this week, does anyone know if this is an error or is it normal at this time of year? Thanks, P
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NHS pensions
We both received NHS pensions we joined in 1967. I always assume I will get my husband's 50% when he dies. My friend told me my husband will only get about a third of my pension . Are there different rules for widow and widower. Thanks
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How would someone on minimum wage be able to make their pension contribution?
I have read on the .gov site that after a company's staging date, any employee earning 10k annually must be enrolled and must contribute. However, salary sacrifice can't take someone's cash pay below minimum wage. How is this possible and how will those on NMW be able to contribute?
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Final Salary to SIPP general advice
Hi All, I am considering moving my final salary pending to a SIPP and have received a CETV of £69k, I am British but currently living in Denmark and have been here for 5 years. I was originally approached (cold call) about moving and have received details form this provider, but have also sort independent advice as well…
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Small NI stamp
I have paid national insurance since I was 16. For a few years I paid the small married women's stamp and do not receive the full state pension because of this. I feel this is very unfair as I get around £40 less a week than the full state pension. Is this correct or should I be getting full state pension. Have been…
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NHS and private pension
I work in the NHS, and pay into the NHS pension scheme. I can retire at 60, and am aged 54. Am I allowed to also open a private pension? For example, could I pay £10,000 pa for the next 6 years into a private pension? If so, would I get tax relief (I'm a higher rate payer). Ate age 60, woudl I need to buy an annuity?…
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Private pension
I want to start a private pension for my adult son who is his late thirties. He has got a government pension which is frozen as he worked there for only three years. As he works for an agency he is enrolled with nest. The contract usually last for 12 months and when he starts a new contract he then has to wait for three…
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Is Vanguard S&P500 fund considered a pension fund
I am 50yo and not thinking of retiring for some time. I have a provate pension with Aviva. Was wondering does anyone know can a person switch a private pension to the Vanguard S&P 500 Fund. Is the said fund considered a pension fund?. Reason I ask is obviously due to Aviva fees. Current fee is 0.35%. Vanguard fund is 0.1%.…
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Pension Advice for father who has taken stroke
My 68 yr old father recently took a stroke and as a result I have been helping him with all his financial affairs. He has a defined contribution pension with Phoenix ( formerly Scottish Mutual) that he has done nothing with. He was sent a retirement pack in 2016 and unfortunately has never been a man to keep on top of his…
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Company Pension query
If I decide to work past my retirement date, do my Company still have to make contributions into my pension plan ?
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Taxing an annuity (inherited)
Hi, It's my first time posting - I'm stuck and I'm hoping someone with more experience can help. I've inherited an annuity which will be paid monthly into my account for another couple of years. This annuity was included as a lump sum in the inheritance tax calculation and I paid 40% inheritance tax on it. I'm now being…
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charles derby direct
hi has anybody had dealings with this financial advice company and know if they are any good as I cant seem to find much info on the web ie reviews thanks
