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Transfer of ACV's
I currently have £600 of AVC's with Scottish Widows, that I paid into from 1996 - 1998. I am not allowed to transfer it into my local government scheme as its passed the year transfer date. Any tips on where to transfer this sum, as I am currently being charged £1.50 a month for SW holding it. I all ready pay into the LG…
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Nhs pension , defer or not?
I am currently in Nhs pension scheme I have 7 years to go until I am 60. I have been looking for a while for alternative jobs outside of the Nhs but to date have always been put off because I did not want to lose the pension scheme. However it now looks like that our pensionable salary will not increase for at least the…
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Moving my SIPP to my NISA is this a bad idea?
Hi all. Have read this stuff until my head spins so grateful for anyone who could explain if my thinking is wrong-headed... I am living off final salary pension, not yet receiving SP and pay basic rate tax. I also have £100k + in flexible drawdown SIPP with HL. My intention is to withdraw £18,750 per annum from SIPP, pay…
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a compromise crystallisation for a pension fund?
Would this thing be any good for someone who wants to avoid the constrictions of a conventional annuity, but also doesn't want to manage his own pension fund in drawdown? http://citywire.co.uk/money/guaranteed-income-and-money-back-the-annuity-offering-it-all/a776459?ref=citywire-money-latest-news-list
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Opposite of an LGPS question...
Hi, a quick question about defined benefit versus defined contribution. I recently joined a government organisation which offers a defined benefit final salary pension. Prior to this I had built up £12K in the University Superannuation Scheme, and £17K and £67K in two separate defined contribution schemes. I have left the…
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New intestacy rules and inherited pension pots
https://www.gov.uk/inherits-someone-dies-without-will/y/england-and-wales/yes/yes/yes "The husband, wife or civil partner keeps all the assets (including property), up to £250,000, and all the personal possessions, whatever their value. The remainder of the estate will be shared as follows: the husband, wife or civil…
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General question re LGPS and early v normal retiral.
Male, 55 years old - middle management throughout - been in since 1989. Not desperately keen to work till I drop - my job is stressful and I work long hours (8 - 10 hours more than I should each week all unpaid). So the energy is very gradually waning - or is it the enthusiasm - I suppose that is for a different thread.…
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Pension Rate - Civil Service
Hi All, I interested in knowing what type of contributions the employer would make if i were to have a civil service pension? Currently i work in the private sector and make a tiny contribution (2%) myself therefore my employer also puts in 2%. I wanted to know the % rates offered as part of the civil service scheme. I've…
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Merge all Public Sector pensions into one major investment fund?
A very intereting proposal being floated by Boris Johnson in the newspapers today, suggesting that the 39,000 (:eek:) seperate UK public sectore pension funds should be merged into one super investment fund, able to invest in large capital projects along the lines of the Canadian and Chinese sovereign wealth funds. Would…
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Possible to avoid Walls Street & The City ?
I have just read "Inside Job" by Charles Ferguson and "Treasure Islands" by Nicholas Shaxton. It is apparent that ethics, morality and treating the customer fairly went out of the window a long time ago. The dice is loaded against anyone but the investing elite. Well, for Wall Street and City of London based investing…
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Pension confusion
Hi, A few years back I got a pension with work through Norwich union (Aviva) which my company also contributed to. A couple of years ago I was in another job and eventually a few months ago I was auto-enrolled into a pension with Scottish Widows, which I elected to opt-out of as I knew I would be leaving the company soon.…
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Wife's Pension a mess
Hi all hoping someone can advise on pension My wife has had approx 4 or 5 jobs over her so far life time with different companies , however each time she has left she's done nothing about her pension ... We had a company phone up British pension rescue saying they could trace pensions and sort it out / or advise ..…
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NHS Pension Question
Hi I just had a letter from NHS Pension. As I have returned after a break of a few years home educating my disabled child I am now repaying into my pension. I had 8 years pay in their at pro rata. Now I have returned on half time. NHS pensions have written to me to say I am now on 2008 Section of the NHS Pension Scheme. I…
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Self employed and pension contribution
I know this should be basic sums but I am getting myself really confused. I am self employed / retired and am able to drawdown from my pension. I have both a crystallised and a non crystallised pension set up. To keep the numbers simple, I thought if I earn £14,400 profit from my business this tax year, I could contribute…
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USA Dollar Pension
A relative from USA is retiring in Scotland soon and her pension will be paid in dollars into a new BOS account she intends to open here. Any ideas of the most cost efficient way of making the transactions then converting to pounds.
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5 days to decide keep pension or get payments back???
I have pension with a well known bus company pensionable salary £20,254.00 just had a pension statement will give you some figures off it, don't think I will be staying long term,joined the company 6 years ago nearly but only been in the scheme coming up for 2 years,and can get back my contributions less tax if I cash in…
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Over 55 pension release into sipp
I recently released my NILGOSC pension into a SIPP organised by Avalon investments with the 25% tax free lump sum to be paid to me. This has taken a total of 14 months and still, Avalon create delays saying forms are either missing or filled in incorrectly. The latest move was to say they needed my actual Passport to…
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Transferring Out of a Current Pension Due to Redundancy - Best Option?
Hi, I have recently been made redundant and now have my pension options. I can either take the refund or transfer out. On transferring out I also receive my ex-employer's contributions which more than double my pot. If I transfer out to a new employer (unsure who that will be as yet), will I still hold all those increased…
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Inflation Rate for Retirement Planning?
Hello, I've been watching these boards for a while now. Lots of good info and helpful people :) . I have a question I hope you can help me with. Most retirement planning advice includes allowing for inflation. However I don't see any recommendations or guidance on what inflation rate to use. The BoE target is 2% but their…
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Calling all lgps 2014 experts
Hi all I left local government in may this year. When i left i was in the 2014 scheme but having been there 14 years i had also been in the previous schemes. The 2014 scheme states that a member can take pension at 55 (with act reduction of course) without employers consent. Does anyone know if this means i can take all 14…