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Class 2 NICs Direct Debit
HI there. I have gaps in my National Insurance contributions and I want to pay them, but I don't know the exact amount that I owe to HMRC, it is about 400ish pounds or something. I requested NICs statement from HMRC, but received an email that it could take several weeks to receive it and I need it now. My plan was to…
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Capped drawdown to flexi-access drawdown April 2015
According to HMRC/Treasury briefings anyone already in capped drawdown will convert that fund to flexi access drawdown simply by arranging a payment in excess of the max drawdown/150% GAD - regardless of the contract you're in/regardless of provider - is that feasible? If I stay within 150% GAD/remain in capped drawdown…
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NI confusion
I work part time and also am self employed, paying NI contributions from both incomes. I would like to know if my state pension will be based on my employed contributions or self-employed or both?
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Tax free lump sum - or not?
I have a pension coming to fruition next April and while I broadly understand the new rules I have just discovered something that is confusing me. Traditionally you have been able to take 25% of your pension pot as a tax free sump sum, from next year I had thought this was being enhanced to being able to take 25% per year…
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Flexible fines
http://www.moneymarketing.co.uk/opinion/editors-view/mm-leader-pension-freedoms-arent-so-free/2015713.article "It has now emerged that providers will have to give members a statement when they access their pensions flexibly in order to trigger a reduction in the annual allowance. They in turn will have to pass this…
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complicated entitlement?
I am having difficulty working out what I might be entitled to state pension wise. Male, retiring age 28.03/2017. Self employed 30 odd years, paid full SE stamp, employed 5 years before that. But earning through quangoes and council membership since 1999, so paid a lot of NI over and above my SE stamp for what will be 28…
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Enhanced tax free cash on S32 policies
Hi folks, I'm back :) I have a couple of S32 policies. I asked the provider about the tax free cash entitlement and got the following answer (cut from the full letter): "As of today, the value is £xxxx.xx At 5 April 2006, the tax-free lump sum was £yyyy.yy; this figure is the tax free cash sum that has been increased in…
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Protected Pension, New Rules & Transfer
I have one pension pot which is partly "protected" funds. I understand that this means unable to access this part of the pension until 65 (67 now?) ? Do the new rules have any impact on this? If I transfer to another platform/provider will they remain "ringfenced"? Many Thanks
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Best Pension Provider for Managing your Pension
I've noticed some real differences over the years with pension providers in how easy it is to transfer funds and make one off contributions, ask questions etc. e.g I recently took a new plan for my wife with Aegon through Cavendish online. Their online system is good for transferring funds and keeping track but if you need…
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Buying Additional Pension For Teachers: Good idea?
I have been a teacher for just over 20 years now and have just over 18 years pension service due to a couple of breaks. By next July, according their pension calculator, I would get approx £8500 per year at retirement. Due to the very stressful nature of the profession nowadays, I have been considering taking a different…
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pension provider
Has any one used Mypensionexpert to sort their pension out
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Pension Vs Investment
Hi, I'm 33 and have a pension pot of a whopping £597.00 which I need to transfer over to my new company's Stakeholder Pension. after speaking with various people, I'm not sure what's the best option to take. Either carry on paying my 3% into my pension or free up capital in my property to buy a new house and rent. I have…
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Commercial property into SIPP
We are an unmarried but long term couple with three young children. I am thinking of transferring my pension into a SIPP and my wife may set up a SIPP of her own. We own a freehold shop, unencumbered, which is currently in my wife’s name and are considering the possibility of transferring the shop into a SIPP and letting…
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DC Pension Scheme
I'm taking early retirement end of June 2015 but I have to join the new DC scheme to retain death in service and other benefits. I won't need to keep the DC scheme open as I'll be talking my works pension and don't plan to have another pension so am I right in thinking I get all of my contributions back plus what ever my…
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drawdown v annuities
Can anyone advise me on which is the safest and best way for private pension schemes
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South African immigration / inheritance experts
Not sure which board to post this on, however, I wondered if there were any South African Immigration / Inheritance experts on here who would be willing to help me? Many thanks
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Halifax "discouraging" ETFs?
Just researching low cost funds for my SIPP (Halifax). When I do a fund search at halifaxmarketwatch.co.uk the results pop up along with a box pre-ticked for OEICS and Unit trusts. Eg I search for iShares and there are no results. If I now untick those boxes and press Go, lo and behold the iShares ETFs show up! Dishonest…
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Drawing down from multiple pension funds
I have three private pension funds, about 75% of the overall pot value in one fund but the smallest of the three is only worth about £1,500 and only growing by around 1% a year, so pretty pointless. Can I take my first 25% drawdown by ditching the two smaller funds, and if so what is the procedure for doing this? If it's…
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Best SIPP for Cash deposits/bonds?
Which is the most cost effective SIPP for cash investments/bonds please? There do not seem to be many out there... perhaps more will appear as and when interest rates increase... we can but hope! thanks
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annuities v drawdown
I retire in January 2015 and gave been advised that drawdown is the way to go for 160,000 pension pot but I have now heard that annuities have become safer and last for life which better Confused