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They think real estate will provide best retirement income
As real-estate prices climb since 2008, the population counter-intuitively views the asset class as a better, not worse, retirement investment.…
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National Insurance Contributions...
I haven't been able to login into the NI calculator for a couple of years because I was born in the 1960s. I am worried because I do not work anymore but want to top up my contributions. Who do I need to contact to see which years have gaps so that I can send in a cheque? Thanks!
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Annual allowance to be reduced to £10000
Did I hear this correctly in the budget ? If this is true it's going to be quite a big impact or was it just for very high earners. Anyone have clarification on this ?
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40% tax rate
Last year I earned around £45,500 which meant I paid around £2000 at 40% tax rate. if I was to pay more into my company pension scheme ie £2000 a year would I get tax relief on this and therefore lower my tax payments
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Advice please?
Hello, I am new to this site but thankfully it seems that the contributors here certainly know what they are talking about which will help me immensely. I am very naive when it comes to pensions etc. So I will try and explain the best way I can. I have a pension which has approximately 160,000 UK pounds in the pot. It was…
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where has AMP NPI gone?
I was in a company pension scheme for a year with AMP NPI but I've just realised I haven't had statements for a while. Does anyone know who or where NPI is now? Thanks.
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Put all money into work pension or start personal pension too?
Hi everyone. I've been reading into what we should do and am starting to feel like I'm going round in circles so thought I'd ask your lovely selves for some help! My partner's employer is in the process of finally starting a pension scheme. They will match the employee contributions up to 3% of the gross salary and the…
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Pension
Please can you advise if I am able to withdraw from a private pension that is already up and running. Thanks John
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Calculating Pension Vol Contributions & retiring at 55
I have been looking at pensions and looking at how much i should be contributing. I started my first pension in 2007 at age 27 and paying between 6 - 6.5% the thinking then was that as long as I was enrolled then i could forget about it (perhaps i was wrong) I have now realized that I should of been paying in much more…
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Reduction to 10000 allowance
I have been unable to find an answer to this anywhere. The tax relief for higher earners is to be capped at 10k PA from 2016. What happens to carry-forward. Is unused tax relief from 2015 and 2014 still to be available in 2016?
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Pension schemes for small companies
Hi everyone, I know its not exactly the best place to ask at, but does anyone by any chance know pension companies who have schemes running for small companies (20 ppl) except for NEST? Thank you!
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Deferred Police Pension
Hi Everyone I was a Police Officer for 6 years paying into the old Pension Scheme. I resigned in 2011 with a right to claim my pension at 60.(im 34) In 2013 I married and in 2014 had my daughter. Ive just been looking through the pension paperwork and come across this statement. If you die in service or when you are…
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Divorce and widow's pension..
Hi, My Father's wife (not my Mother!) has very cruelly told him she doesn't want him in her life anymore, he's 81. since (I quote) 'she still feels young and doesn't want to become his carer'...I kid you not! She has her eyes on his pension fund, has stayed in the house while he's paying a fortune to rent a retirement…
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Whom to contact
Will try to make it as succinct as possible. Unfortunately brother-in-law passed away yesterday after many years of illness (Multiple Sclerosis). Looking through old documents he had a pension fund with Shell. When he started to become very ill he appointed his big sister (now deceased) to liase with Shell on his behalf…
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Transfer to new or keep and start afresh?
I have been notified that my L & G with profits PP is being closed to new investment (presumably as people retire and withdraw funds it will become less profitable?) so as we've got a limited company (just me and my husband, with me as an employee) we had thoughts of starting a company pension for me. Rather than starting…
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Barclays changing their Pensions governance
So what do we think about this folks.... will my CETV go up or down? Your transfer value is calculated using actuarial factors and assumptions determined in accordance with the Scheme’s governing documentation and legislation. These factors are changing with effect from 1 October 2015 which means transfer values will…
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McKechnie Pension Trust Limited - Pension PLan
So I have a query and wanted to know what this meant.. My Dad Has a Pension with McKechnie. He has Had this pension probably 35 years ago but then the company was brought out and this pension was then stopped and a new scheme was introduced. He never transferred this pension and left it alone until now. He is Retiring this…
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MSE News: Summer Budget 2015: Pensions overhaul proposed
Sweeping changes could be on the way to how we save for a pension, the Chancellor announced in the Summer Budget today... Read the full story: Summer Budget 2015: Pensions overhaul proposed 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…
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pension pot drawdown
Hi, I have a modest pension pot (£30,000) with Standard life. I contacted them after the government changes to take some, to be told I would have to change the pension plan because the plan was an annuity plan not a draw-down one. This would cost me £500, and the remains of the pot would no longer be guaranteed the 4%…
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Taking your pension as a UK Non Resident
I'm just a simple bloke so bear with me....... For the last 4 years I have been working overseas and am classed as a UK Non-resident and because I spend less than 90 days a year in the UK, I don't pay any tax on my earnings from Iraq. I have a UK pension pot of £55,000. Now I know I can take 25% tax free. If I take it all,…