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Auto enrolement - eligibilty - duties?
I am a trustee of a small charity and we employed someone part time for the first time late last year. The employee, aged mid-50s works 18 hours per week and earns just under £9k per annum. I'd understood that there was no obligation to auto-enrol them in a workplace pension, but a few weeks ago we had a letter from the…
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Local Government Pension
I'm 58 yrs old and have been in receipt of my late husband's Local Government pension for the past 11 years. As it's only £130 per month and I have an outstanding mortgage would it be possible for me to cash in the pension pot and pay off my mortgage? How do I find out the value of the pension and is this possible with it…
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UK State Pension.
I have recently written to Conor McGinn M.P. for St Helens In 2013 I have told that the Department of Works and Pensions issued a white paper on the new UK State Pension. It was decided that going forward all UK residents that payed all the required number of years of national insurance contributions would then receive the…
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Tax Return Help
Hi guys, After abit of guidance for my tax return if possible, as I am abit lost. In 2016/17 year, I was paying into my companies pension (AEGON), which was £80 a month. Since that time, I left the company and set up on my own as a sole trader. I am in the process of filling in my tax return, and one of the pages asks if I…
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Clerical Medical section 32 Pension policy
Do YOU have a Clerical Medical section 32 Buyout Pension Policy? Did they, originally, promise you that they would start paying you your pension at an age well before age 65? Have they, in recent years, told you that they are NOT going to pay you until you reach age 65? If you have answered “Yes” to these questions I would…
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Minimum earnings
Could anyone confirm, as I've read on this forum, that if you earn below £10000, you will not be automatically enrolled in the pension scheme, 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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Voluntary national insurance contributions
I’m 57 retired from NHS.I checked my ni record.It says i have 40 years contributions.Year 16/17 no contributions.I can make up the shortfall by paying £733.20 by 5th April 2023 this May increase after 5th April 2019.Need advise please.Thanks in advance.
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Pension Auto-Enrolment
Pension Auto-Enrolment guide. Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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Scottish Widows are closing my pension fund - Options?
Hi, I have a Stakeholder Pension fund with Scottish Widows who have informed me recently that they are closing all such funds on November 15th 2017. The information that they have given me tells me that they will automatically move my investment into what they openly admit is a poor choice unless I go for one of their…
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Annuity
Can someone please tell me what an annuity is and how it affects me - my mum recently passed away and Canada life have got in touch with me about an annuity forgive me but I have no idea what it is I know it's something to do with her pension have tried to find out on the internet but no joy - can someone please shed some…
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Small company.
Hi, the company I work for only employs 7 people, a friend of mine told me the company does not have to offer me a pension because its to small. Is this the case? I need to know before I confront the MD and ask why we have no pension yet. Thanks.
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New Company - best way for a pension
Hi all, Just a quick question. I have changed jobs and I'm now in my works auto enrollment pension, to which they are contributing 3% of my annual salary. I currently put about 9% into an S & S ISA each month which I am using as a pension but should I be putting this into my pension fund instead? I know we get 20% tax…
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Change job, change pension provider
Hi. I have changed the job recently. Again.... My employer has to enrol me their pension provider. Currently, I have small amounts of my pension keep with different pension providers. I just wonder if there is a super way to transfer all my money from separate providers to actual one (pension provider with my employer…
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Ppf
My husband has his pension in the PPF and he is 55 can he get his money out now? His company went bust years ago and his pension was put into the PPF fund. He has £46000 sitting in it and wants to withdraw some?
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Local Government Pension scheme
Hi I've been a member of the LGPS for about 20 years and have worked for a few LG employers. My latest employer (of the last 3 years) are the first one to ask me if I want to combine my benefits into one fund (i thought this happened automatically anyway?). I plan to end my employment in LG in the next few months and have…
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Self-employed pension
Hi all. I'm 30, self-employed and pay basic rate tax. I want to start paying into a pension but can't be bothered to sift through the confusing pension options, and I like the look of a lifetime ISA. I am going to try and pay the max £4000 per year until I'm 50. Two questions - is this a good idea?? And as I'll be paying…
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Auto-enrolment or SIPPS
Hello, I am a supply teacher paid through a payroll company and am due to be enrolled on the NEST pension from September. The payroll company do not make a contribution as the daily rate I am paid is supposed to cover this ( in the same way that I pay both employer and employee NI contributions). I understand that I don't…
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NEST - Too Late To Opt Out
I've got an existing SIPP which is funded exclusively from my limited company, but does not fit the qualifying criteria (because I have to select funds) so I enrolled with NEST with the explicit intent of opting out. Unfortunately the opt out period coincided with the Easter Break. I forgot and now it's too late. So I'm…
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Employers matched contributions
Due to redundancy circumstances I have had to change my jobs recently. My previous employer who I had been with for 15 yrs had a good matched contribution pension so it made sense to pay into it. However my new employer , despite being a large UK based bank, does not offer any matched employer contributions at all. I found…