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Can pension overpayments be reclaimed from widow
My mother has received a letter from my late fathers works pension provider, stating that they made an error 17 years ago, resulting in an overpayment .They now want her to repay the last six years, totalling £8600, by reducing the widows entitlement for the next 6 years! Can they do this? I am so angry that they sent a…
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Need advise please, two pensions.
Hello, I really could do with some guidance please. I used to work for Leeds City Council and was a paying member of the West Yorkshire pension fund for roughly 5 years. I then left and went with a private company, that did not have a pension scheme, for whatever silly reason I did not continue to pay into the WYPF scheme,…
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Quarterly contributions from employer
Hi, my company auto-enrolled us last year and looking at my statement today, it seems they pay our pension provider the amount they deduct from our monthly salary only on a quarterly basis. My last place paid everything in on a monthly basis. Are quarterly contributions common? Cheers for any advice. Given that we have had…
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3 small pension pots due to job changes - how do I get them back?
Hi all, I've had a look but I can't see that this has been covered before (but please correct me if I am wrong!) In the last 18 months I have changed jobs 3 times and in each I paid a pension. Obviously these are worth next to nothing long term but they do have my money in them, so can anyone advise what the best thing to…
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Legal and General fund advice
I have an old workplace pension with around £37k in it. I'm 35 and am no longer contributing to it because i have a workplace pension with my current employer (scheme administered by AVIVA). I've left it with L&G as i felt it meant i don't have all my eggs in one basket, and, given the amount of time before i'll be…
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Anyone used mypensionexpert.com
Hi, I am new to this site, but am considering taking my pension early. I have had some quotes from mypensionexpert.com and wondered if anyone here had used them to provide an annuity as an IFA. There quote was very competitive, and I don't wish to get scammed and lose all my hard earned cash. Any advice or information…
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Restrictions on DC SIPP transfer
I have a compliance question on a SIPP ingesting a transfer from a low cost employer scheme DC fund. The scenario is transfer (via cash) from a deferred employer DC scheme to a retail SIPP offering sensible drawdown such as from HL or Vanguard (when launched) or similar. Source is a simple DC fund - no GAR's, no DB or…
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SSAS Pension mess to sort. Where to start?
Thank you for getting this far. So, my father-in-law previously ran his own business. Through this business he set up and registered a SSAS pension scheme with HMRC. As is sometimes sadly the case, things went wrong with the business. The whole mess resulted in the winding up of the company and personal bankruptcy and…
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Index linking of the Pre88 GMP pension
Index linking of the “Pre 88-GMP” element of an occupational pension. In 1992 (aged 40) I took a medical retirement from a large multinational. Now that I am 65 my firm’s pension tell me that my pension from them includes an element of “Pre 88 GMP”. The firm’s pension administrator’s have also told that this Pre88 GMP…
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Playing catch up
Hi Hubby and I (age 39) are playing catch up due to him just opened a pension and I have a NHS pension started 2 years ago+ 2 small pots with old employers. I have set up additional payments (£6200 a year) into nhs pension and a AVC with prudential £50. If we have any spare income would we be better paying into our LISAs…
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Age 52, chronically ill, access to pension
I believe I can take out 25% tax free, but I receive a basic income from my health insurance. I would love to buy a house but on a pension pot of £150k, I’d need to pay over £45k in tax if I did take it all out. So is there any hope of me ever buying a home? I don’t know if I’d get a mortgage cause of poor credit rating(…
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The Sensible Thing to do?
Can i add my annual £2880 contribution to an already crystalised pension? If so, would i be right in assuming the tax relief will automatically be added via the provider?
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Civil Service Pension
Can you draw down against a lump sum of a civil service pension of 40years?
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Pension contribution seems wrong
Hi All I currently earn £48400 which I believe puts me in the 40% bracket. My tax code is 1139L I contribute to my employers pension scheme 4% which they match. In my payslip it says I contribute £161.33 and my employer contribute £161.33 per month In my pension transactions it says I contribute £201.66 and my employer…
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Is it worth opening a SIPP?
I'd be grateful to hear some views on whether it would be worth it for me to open a SIPP, or if there would be no point in my circumstances, or if the benefits would only be marginal at best. My circumstances are as follows: I'm 55 and I don't work. I have income from investments which means that I am (only just) a basic…
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Illiquid funds
Can any one help please. My husband has been told that his pension fund investment is illiquid so no more drawdowns can be made. Where do we stand. What does this mean.
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Auto-enrollment thresholds for ad-hoc workers.
I'm currently a worker offshore on a pure day rate basis, so I only get paid for days I work. That means that I can get some months where I work it all and others where I'm sat at home. As such, my wage isn't a regular amount and can go from something to nothing. My company though is using the gross monthly threshold to…
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Illiquid funds
What does this mean to my husbands pension fund and what can we do about it
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Been away a few days, whatever happened....
...to Early Retirement Wannabe 4k posts and just vanished??
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Salary exchange / sacrifice - maximum
My employer has just started to give this option. Given I have a Sipp which I can take the TFLS from soon I am thinking of contributing as much as I can for one year until I leave the business. anyone done this and have any lessons ? Trying to convince employer to contribute some of their NIs. Going down to living wage…