-
New Pension Scheme Contracted Out Poss Ruling?
Can someone please decipher this? What could it mean? What happens if you have transferred your DB pension and are now in drawdown? Anything else? Thanks https://www.express.co.uk/finance/personalfinance/1362623/pension-scheme-ruling-contracted-out-state-pension
-
IFA unwilling to recommend DB transfer...
I know we consult IFAs as they are the experts but my recent conversation about a DB transfer has ended with him saying he will not recommend it. What can i do?
-
State pension
Hi everyone, If I have 4 7 years full NI contributions and decided to retire 3 years early, would this affect my state pension forcast, Thanks
-
Reduced pension
In 2010 according to dwp my friends pension was awarded at £290pw, He moved abroad this was cut to a basic pension, he had since returned to uk and still only receives basic pension is there any way to reclaim back any of what he is entitled to
-
PCLS to pay off mortgage? Convert DB to DC?
HiPost divorce, have lost all house equity and am now homeless but have good pensions and a little capital. Have to start from scratch, want to buy home, but pay it off asap and live againAge: 50 Spouse: No, and never againTarget Retirement Age: 63Children: 4 PENSIONS:DC Pension: £340KDB Pension: Pays out £16K/year at 63.…
-
Rebalancing
I think this topic got bogged down in another thread recently. Noticed some analysis released yesterday by Abraham (a smart fella) - you can register and get the short report. Essentially it reads broadly that you are best off by not rebalancing until things are 10% adrift. Certainly avoid quarterly, and probably avoid…
-
Wills and estate planning
Just had a phone appointment and have no idea if the advisor was charging a fair price. We paid £50 for a will writing service and after discussion it was recommended we have some form of protection trusts included to protect our estate and childrens inheritance incase care home fees are needed in the future. We were going…
-
State Pension Query - Wrong numbers?
Hi, I've just been looking at my State pension forecast I got in 2019, it predicts when I do eventually retire (many years away) I'd get:- £175.20 a week £761.81 a month £9,141.69 a year However, if I work these numbers out, I get:- £175.20 * 52 = £9,110.40 a year, which is different to what they predicted? £9,141.69 / 12…
-
GMP Options above LTA
I have an old pension with a previous employer I left 35 years ago. It pays a GMP when I am 65. I am over the LTA with my current employers pension . I have asked what my options are with the 35 year old pension. Which will in excess of my LTA The administrators have said 1. I can only take this as a pension which will be…
-
Correct pension fund / consider other investments?
Have a couple of questions around my pension I was hoping people
can help with. Apologies for the long post which is mostly just the
details of my situation, feel free to jump to the questions at end first! I'm 49 years old with £60K salary in Scotland, single with no dependants. I have a Legal & General workplace pension…
-
Understanding funds
So I have a fair wedge in Baillie Gifford American, which can be very up and down, I believe 60 of percent made up of ten company's. Yesterday, Tesla which is about 11% of the holdings weighed in about +10.5% with most of the rest of the top ten holdings positive, yet fund is up 0.69%, other days when the top ten have a…
-
How can i transfer a DB GMP pension
Any help would be appreciated ! I have a Barclays 1964 staff pension. Its very small as was only there for 5 years. I have a transfer quote of 37K. The yearly payable amount if I don't transfer is £127 PER ANNUM. I have read numerous links and threads and now understand its not as easy as 'just transferring it'. Can I go…
-
SIPP advice for newly self employed
Hi all Wondering if you can point me in the right direction as to whether my understanding below is correct please Due to a change in circumstances, my wife is now back working as a self-employed childminder. She will earn between £6-10k a year as profit and we'd like to put this into a SIPP pension as my income covers our…
-
LGPS Options
28 Yr old, my son, absolutely no financial/pension knowledge. He flits from job to job as he does ski season abroad in winter and summer sports job in summer, usually in UK. He has a very small <3k pension fund in LGPS from a summer job he may again be employed by next summer. He is currently unemployed. A SIPP wouldn't be…
-
Lump sum pension contribution advice
Hi, I am 56yrs young and work 30 hrs a week as a vet nurse earning around 18k per year. I have a pension pot with Standard Life of around 120k but I haven't paid anything in for around 10yrs. I also have a small work pension that my employer contributes 40pounds a month to (I haven't contributed to this at all) . Recently…
-
Any leg to stand on?
I recently remembered I had a pension with a firm. I call them and obviously asked about charges. The firm took out pension in 1990 - or rather purchased the pension from a different company. The charges for trading inside the pension were not explained to me - I was a child - I was told by an old school friend it was like…
-
Not another "what would you do?" post about downsizing parents...
Hi My parents (70 and 74) have sold their house and buying another. My mum has very limited mobility after a stroke. They have no savings and their only income (and forgive my vagueness) is he gets a £350 a month private pension from a job he had when he was 30 and they both get state pension of about £400 a month plus my…
-
pension advice - standard life personal pension plan
Hi I have a standard life personal pension plan which I have been paying into since 1996 at £45 per month inc tax relief. The funds are Pension Millenium with profits fund (43%) Standard life managed pension fund (34%) and pension with profits fund (23%). Current fund value is £25k my payments have been £13k to date. I…
-
Early retirement pension advice
Hi all, I'm exploring early retirement at 55 and could do with some pension advice. Is there anywhere reputable that I could get this advice,? I work for the LA so pay into their pension which I'm assured is a good one, however I really can't see me being able to do the role I do for much longer, far too stressful! I'm…
-
Choosing investment
Husband needs to set up a SIPP as recently gone self employed. Been looking at either the VLS 80 or L&G Multi Index 7 Which one to go for? Or are they both crap, Im wasting my time and choose something else? He's 31 and will be about £200 a month to start with
