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FSCS success
Hi All, I have just received a letter from the FSCS informing me that I have been successful in my claim for compensation in regard to a pension I was mis-sold by a company that has been declared as in default. The shortfall was £132K but under the scheme the maximum amount they can pay is £50K. Please don't get me wrong I…
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Pension Review Company
Yet again I've had a call from a company about a pension review. Very pleasant lady called Waqar, calling from Financial Life, Guildhall Street, Preston, telephone number 01225 438645. First issue-that's a Bath dialling code, not Preston, I ring both areas quite a lot so that was the first clue!! Anyway, she told me under…
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Final Salary CETV check
Regardless of the sense or otherwise of transferring. Has anyone found a good and flexible online transfer value / pension checker? I am 53 and have received a CETV of £95.600 for a inflation linked pension of £7,700 at age 65 - I was only considering a transfer if decent value was offered as the scheme is good although I…
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Aviva
I have built up extra pension in Aviva (FAVC) and want to take some of it out to supplement current low earnings due to ill health. They tell me I have to transfer it to another fund holder. My pensions adviser says another fund holder will take 3% in fees. Why can't I just leave it where it is and take out a bit every…
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DB - early retirement.
Hope this is not a stupid question. I have a DB pension with an old employer which has 15 years payments all other pensions are not DB. I am looking to take early retirement at 60 (in 6 1/2 years) Can the old employers fund make me wait until retirement age to draw on this pension or do they have to let me take it when I…
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Need to seriously review my pension arrangements
Hi all. Bit of advice needed, because whilst I'm pretty well versed on pension contribution limits, I've paid a lot less attention historically to how my pension has actually been invested, and I think it's high time I did some analysis. Right now, this is the situation: - I've got 3 separate DC pension pots from…
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does being sacked affect NHS pension
This is the other 'hypothetical' scenario SEWIM works for the NHS, and has paid maybe 18 years whole-time equivalent years pension contribution. She is currently being investigated for a serious breach of confidentiality. In the worst case scenario, if she is dismissed, what happens to her pension? She has heard if you…
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Shokku! early retirement good for you.
http://www.nber.org/papers/w21326#fromrss
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Unexpected, Potential Boost for Pensioners?
With wage inflation rising and now higher than the 2.5% minimum guaranteed inflation rise under the "Triple Lock" agreement (to continue in this Parliament), is it possible that pensioners could benefit next April? I know that the state pension increases for next April are determined on the previous September's CPI. Is…
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Ltd Company Contractor Pension?
Its a jungle out there....literally. After some direction on the best type of pension to go for for a 1 man ltd company director (contractor) before heading off and doing some homework on it. Getting a little confused as to which is the the best option as there seems to be a whole load of info available and can't see the…
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Windsor Life/ReAssure Pension: Total Confusion, and Contradictory Information.
EDIT: Removed due to a lack of replies.
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Gregg McClymont - bated breath.........
Last November: http://www.professionaladviser.com/professional-adviser/news/2383023/labour-govt-must-protect-retirees-from-rip-off-drawdown-charges "Shadow pensions minister Gregg McClymont said: “Labour welcomed the new pension flexibilities announced in the Budget, but we are concerned that the government has not thought…
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25% Tax Free draw, effect on tax rate?
Hi, On a salary of 40K, aged 55 - if the 25% tax was to be drawn out, would this be counted as "income", therefore pushing taxation on wages into the higher rate bracket? Cheers!
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Pension - Tax rebate
Could you please confirm or correct my understanding. As part of my retirement plan I intend to downsize the family home and use the cash to contribute to my SIPP. I understand that you can pay £40k per year in to a SIPP, back date it up to 3 years and claim the tax relief at your highest rate. I think this means, that if…
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Freelancer in workplace pension - stay or leave?
Hello all I'm in a bit of a pension pickle and confused about whether to stay in a workplace pension or opt out. I'm registered freelance with HMRC but doing a maternity cover contract from April - December 2015 and on my employers payroll not invoicing so have been auto enrolled onto the scheme. I don't have a private…
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Shoud I join the company pension scheme or start an ISA for pension?
I am starting a new job in a few months that has a pension scheme. However I have been told that I should instead invest my money into an ISA for my pension rather than the scheme as this would be tax free? Looking for some guidance or advice on which would be best. Thank you
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Voluntary Severance
Originally Posted by nokandu My wife is in negotiations with her employer about 'Voluntary severance' they want to roll up her holiday pay and payment in lieu of notice into an ex gratia payment .Surely she would be better off having her holidays paid to extend her length of service?
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Advice on pension or Isa as a retirement fund .
Hi everyone , I'm just looking for a little advice , I've tried reading through all the posts but it's a bit confusing , and seems to be different advice for different situations . Basically I'm 37 yrs old , 3 kids and a mrs , with 16 qualifying year's national ins , I intend to carry on paying my NI to get the maximum…
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Continue signing-on to increase the new state pension.
I finished my job at Xmas 2014 after 32 yrs service age 48. Since then I have been signing-on for Jobseekers Allowance (jsa) which I am entitled to for six months. This ends next week and although the jsa money finishes I can carry on signing to get NI Credits which go towards my state pension. I won’t be eligible for this…
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What Pensions
I've been contacted by a pension firm called 'what pensions' Tel 02072930304 Lime Tree House, 15 Lime Tree Walk, Stevenoaks, Kent, TN13 1YH They first wrote asking for me to complete a letter of authority, to obtain an update value of my pension. I was sceptical, and as I do have numerous pensions, I sent them authority…