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Bonus and pension rules
I earned a bonus of £770.00 for the last quarter of 2020. I was expecting this to be paid in full in this month's salary. My employer have told me that due to the pension rules they can only pay the bonus in 3 payments - January February and March. Is this correct as they have not provided me with any proof? Thanks
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Learn something new every day.....
Morning all Today's lesson: putting the 'fun' into fund transfers :D With a countdown clock on the dashboard (with only 2 digits, hurrah!), & with a chunk of our future 'income' coming from a DC pot, my thoughts turn to the detail of future drawdowns. My original plan was to move a chunk (around 15% of the funds) to a…
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LTA Query when receiving both DB and DC pensions ?
hi, how is the LTA impact calculated when you receive both DB pension and DC pension ? I was originally told that the DB LTA is 20 times the initial db pension, plus the lump sum ? is this correct ? or does it change year on year as the annual DB pension rises with inflation , or is it set in stone what % of the LTA that…
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Lost pension {Merged}
Does anyone know about the company below?Equity and law life assurance soc plc I transferred my military pension to them back in 1990 i have tried to trace them but I think they were taken over by AXA equity and law then taken over by Aviva ive contacted them but they say they have no trace of it I have my military…
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Finding old pensions
Sorry, I'm sure this will have been asked a gazillion times before ... how do I best track down an old Pension.You'd think you'd be able to put your NI number in somewhere and it tells you all the pension schemes connected to it.... The company no longer exists but hopefully it's pensions would have been through a Pension…
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Equity release
I dont think its something that I am interested in, but a large proportion of my wealth is and will be in my home.I can see myself using my home to generate money and company, by getting another lodger, not selling the house. But I do get letters regularily from 'Age Partnership'. They may know my circumstances. Perhaps…
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notary public?
hello i am applying to take my small pension but i have to get my signature witnessed as being’me’ by someone. this wouldn’t be a problem but they will only accept someone from a list of jobs and i don’t know any notary public, civil servants, priests,teachers.judges etc. does anyone have any ideas? i can’t be the only…
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Small Pension pot
Hi all, I'm 62, semi retired teacher; I have a small pension pot from an old Comet pension. It's worth £3800 at the moment, I have only used £9700 of my 2020 tax allowance (£13807) and I am unlikely to earn any more before April. So my question is: should I cash this in to hopefully take advantage of my unused tax…
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Enjoy life while you can.
Not sure if this is the correct section but had a thought provking conversation this morning with a neighbour. Hes 77, worked all his life until 65,paid off his house about 30 years ago and has large small risk savings / investments around £400,000,no children and just a sole brother who moved to Australia and done very…
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Pension on ill health grounds
I am trying to take my pension on ill health grounds. It has a GMP attached to it and ive been told I will only be able to take it when I'm 55. I am 53 now. I do not qualify for any benefits for my illnesses so I need some sort of income. I have a medical report stating my health is deteriorating and still cannot access…
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Annuity companies.
Hi i am currently looking into buying an annuity , what are the most trusted companies out there , are there any i should avoid ?. Any advice is appreciated , experiences good or bad , are they generally good at paying out the monthly sums. I do have an financial advisor doing the work for me but would like some feed back…
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Critique my IT SIPP Please
Intend on drawing £18,000 pension from this crystallised SIPP in the next couple of years. Dividends amount to over £24.000 so the drawdown is covered. Theoretically I could use accumulated cash to buy another IT to boost the incone so if anyone can suggest something that complements these that would be great. Lindsell…
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Overseas investment
Hi several years ago we invested in a hotel/holiday apartment in Thailand, which was supposed to be through a UK property company. It should have paid out again years ago and I don't know where my money is or who to go to for help.
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Ill Health Pension
I am 57 and presently on long term sick leave undergoing chemo treatment for secondary small bowel cancer. I work for a Local Authority. My condition is incurable but still treatable with a very poor prognosis of living more than 5 years. I have had a clear CT recently and will have another on completion of treatment in…
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Employed and now Self employed
I have recently come out of employment and started self employment so have no workplace pension any longer, I currently have 3 old workplace pensions from different employers that I would like to consolidate and start contributing from my self employment, have seen the TV ads for pensionbee and would be interested in…
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The LTA in Practice
Hi I’m interested in how the LTA works in practice. I intend to retire at 60, three years from now, when I will have a SIPP that will total somewhere around 800k. I also intend to take a DB pension at this time which, I estimate, will be worth more than 500k, so I’m over the LTA. My current plan is to take 25% tax free…
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DB Pension Options
Hi all, We’re just trying to decide what to do my wife’s DB pension which she is looking to take in a few months (at 63). So far, the options we’re considering are: * Take full DB pension, approx £8900 p.a. * Take TFLS approx £43k and reduced pension approx £6600 p.a. * Transfer out to a SIPP, current transfer value approx…
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LGPS AVC maximum contribution from monthly salary
Good evening everyone, I'm a first time poster so please be gentle. I'm in the fortunate position to have some significant carry over in my annual allowance part of which has to be used within this financial year. My question relates to the following statement within the Prudential AVC information documents: "How much can…
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nhs pension advice
Hi, does anyone know how I would go about getting some information/ forecast of my NHS pension please? I'm 52 and on the 1995 version. cheers
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Self-employed pension
I have been tying myself in knots on this one, but I suspect you clever people might take one minute to clarify something I will otherwise spend hours trying to work out. I am a higher rate earner, happily maxing out my workplace pension with voluntary contributions. My wife is self-employed and will probably earn a little…
