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Between rock and hard place ?
Hello all, I have copied /pasted a bit of a brain dump below ( from mortgages forum ) - i asked for advice on which fixed rate to take next, and that threw up some questions regarding proritising overpaying mortgage or putting it into pension. The new fixed rate will save me £100 a month, but i could add the same again at…
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Been an idiot and need help claiming HR Tax Allowance!
Hello All, Thinking I was getting somewhere in understanding Pensions etc, and I've realised I've missed another trick through being rather stupid. I'm a HRT payer and have been for the past 15 years. Our company transferred all our pensions to SalSac in June 2016, and I continued my payments at the same level of £1200 per…
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withdraw pension money
Hi experts, I have this doubt regarding pension money… I have the current situation: - Have worked in London for the last 4 years. - I am moving to Sweden to do a masters (for two years). - I have my family divided, half in Spain and half here in London. (I am 29 years old). If I think long-term, I have no idea where I…
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Managed Futures/Hedgefunds
Hi, I am looking to invest some of my pension into Managed futures and Hedge Funds. Does anyone have experience of doing this in the U.K please ? For example I am looking at Dunn WMA, Milburn Multi markets program and AHL Evolution. Any suggestions of a low cost SIPP provider would be much appreciated. Also any websites or…
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National Insurance number as reference
Greetings and apologies if this is answered elsewhere - I've searched but cannot find a duplicate. Anyway, since approaching my 65th birthday, I've had various letters, forms and phone calls from the Pension Service. So far so good. For all the various replies given when on the phone they ask security questions such as…
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Living Abroad and Getting Pension and Benefits
What is the UK policy for people who have retired and living abroad? Are they allowed to get income support, pension and the various benefits just as those living in the UK? Is the amount the same/even affected by moving abroad? Kind regards, Mike
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Yearly reduction factor
I have just recently taken early retirement as a result of voluntary redundancy. I have a company final salary pension scheme which is due to start on !st October 2019. If I wish I can take it a year early but this would mean a reduction of 7% From what Ive read a 3 to 4% reduction seems to be more the norm. Is 7%…
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How to keep going for the last couple of years
We have a plan to early retire in two years. Hopefully soon after that we'll put the house on the market as we need cash from buying a cheaper property, and I'm looking forward to living somewhere more rural. For a few years I've been finding it difficult to stay motivated at work, but it's getting worse now and even two…
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GMP and deferred pension
I am a member of The Barclays Bank 1964 Pension scheme. I took redundancy in Dec 1995 at the age of 35. In June 2011, as I had asked for an up to date quotation, I was advised that the treatment of GMP element had changed. Originally (2008 valuation - £6.4k p.a.plus £3.2k GMP) the GMP element was increased by 7% p.a. and…
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Pension planning in early 40s - DB scheme changes
I’m currently an active USS member. Given the DB v DC uncertainty going forwards I’d like a bit of help to formulate a better plan for retirement. My situation: Single, early 40s, no kids and an intermediate tax payer (live & work in Scotland). I’ll probably be part of USS going forwards due to my job type. Mortgage will…
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Intra-LGPS transfers
One for the LGPS gurus... Way back in 1999 I changed employers and transferred my pension from Strathclyde Pension Fund to Lothian Pension Fund, and received a Statutory Notification crediting my 6-years membership to the new scheme, which was fine. However, my salary in the new job was about 12% lower than in the old job,…
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Are we doing the right thing? Scottish widows?
Hi all, we were persuaded to transfer my husbands pension pot from Phoenix Life (was Pearl) to Scottish Widows, by an adviser who then pocketed £7k from the fund, and gets a monthly fee of £37, on top of the fee from Scottish Widows, which brings our monthly charge to £100 a month. Its now been there a year, and lost £5k…
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Pension and divorce advice
MAE85 View public profile Send private message Find more posts View all thanked posts Add to contacts Spousal maintenance & pension on ESA Re: divorce Hi all! Again I have searched the forum and I don’t know if this is the right place to put it but someone suggested on here in the benefits section. myself and my OH are on…
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Inherited SERPS - remarrying original spouse.
We married in 1963 and were divorced in 1976. A year later we were reconciled and have lived together for the past 42 years as man and wife but, as yet, have not remarried. We each receive a state pension and a SERPS. If we were to remarry now when one of us dies would the other one be entitled to a proportion of the…
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Expression of Wishes Advice
Please can you help me, I am in dispute with my late husbands Pension Company, are they duty bound to keep a copy of all Expression of Wishes? - they are saying they dont have a copy of/or the original document just a note on his file - is this adequate proof of an EOW ??..
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Where on Earth do I begin? Pensions and Voluntary Contributions etc etc
I'm currently in the process of finally organising and sorting my life and that includes clearing debt as well as looking at how to be financially secure in the future. I've finally logged into my NEST account last month and can see a very measly little amount in there from two of my previous jobs. I then ended up checking…
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LGPS transfer in value?
Hi, I have applied for a new job which would give me access to the LGPS pension scheme. Am a bit bored in my current job and it looks interesting as a sideways move. I am aware you can transfer in existing pension(s) within the first 12 months but can't find any public information on what benefit this might give me.…
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Is it enough
Hi folks,looking to leave my current employer next year and start the wind down to retirement.I will hopefully have about 70k savings,two pensions worth approx 23 k yearly.Pretty much mortgage free with kids left home.Probrably do some stress free work for a bit until the grandchildren demands take over.Is this enough for…
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Misleading Tax Free Cash
I’ve received an apology from my pension provider who, for the last 8 months, gave me no indication that I could not make a 25% tax free cash drawdown. I was given repeated verbal assurances that I could make this drawdown and as a consequence I decided to consolidate four schemes from previous employers into this scheme…
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Fund for preservation.
Hi all. First time post. I currently have an Sipp and am approaching my target figure. I am planning to retire in 7 years and keeping what I’ve got is more important than growth (although a little bit of growth would be nice). Was considering switching from mainly equity based index funds and was looking at Baillie Gifford…
