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More pension changes - bad news?
"The Treasury is to give savers more freedom over how they take a tax-free lump sum from their pension pot. Under current rules, from the age of 55 people can take 25% of pension savings as a tax-free lump sum. But in future savers will be able to dip into their pension pot when they want, and each time 25% of what they…
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Death Benefit, Am I entitled?
Bit of an unusual situation, any guidance would be appreciated. About a decade ago my father took his own life. Despite having left our home years before this happened, we have always continued to receive some mail for him, to this day. Out of interest, I opened a piece the other day and it was from his pension provider.…
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Estimating ill health retirement levels
I have been diagnosed and it's not too rosy. I can work now, but my health is expected to deteriorate until I am unable to. The main problem is, I am still pretty young and I have not been paying my contributions for very long at all. I expect that if I applied for ill health retirement now, I'd get a very low income,…
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Virgin PP?
I'm looking for a personal pension to stash a little more money away to supplement my lgps and tps. AVCs don't suit as I have to wait til I take my main benefits and APCs will be reduced on early retirement through efficiency. I want something very simple and straightforward and so far Virgin has caught my eye. I can't…
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Aviva pension fund
Hi all, I'm 22 and have an Aviva pension, held since Feb last year. My current contribution is £100 p/month. My fund is in the Aviva Pensions Mixed Investment (40-85% Shares) S2. Is there any one here that can... give their opinion on a better fun to put the fund into? I hear it's best to invest in more risky funds when…
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NEST Performance data?
Hi there - Where can I find out the performance details of the NEST funds? Their website has hardly a thing on. I was hoping TN might have it but it doesnt. I was looking for a TN style analysis on the performance data, if anyone has any idea? Thanks
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Continuing to pay into pension after taking it
Trying to understand the new pension rules. I have a pension that will be worth about £100,000 in 5 years time. That is the amount that I may be short in terms of paying off my interest only mortgage so am considering cashing it in at that point (yes I am aware of the £30k or so tax to pay after the 25% lump sum and can…
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Aviva Pension Tracker
Is anyone else experiencing issues with the Aviva Pension Tracker? Can't access either my company pension or personal pension with it on most occasions . If it does let me in (pesonal plan only) it then promptly throws me out the minute I start trying to search funds! Driving me insane! :mad::mad:
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pension advice please
just some advice please. Im 57 have a very small pension pot at the moment. just started a new job with a pension option, salary £44000 but have a company car so my tax code is now 131T (i think this means that my tax free allowance is £1310?) company will match my contribution upto 7.5%, i plan to put 7.5% as a min. My…
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Pension versus NISA's
I am concerned about the high cost of management fees for company pension schems, would I be just as well provided for by investing in NISA's untill i retire in 40+ years time.
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Retirement
Help...Can someone tell me how my mom goes about retireing, she is nearly 70 and works full time. She is worried about what help she will get with housing council tax etc. She is getting state pension, Thanks guys x
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Pension forecast April 2016
OK so I have at last been able to get a pension forecast under the new rules which start a few days after I turn 65. There are two amounts shown, one for the old rules and one for the new. Under the old rules I get £120. Under the new £70! Can this really be correct? After all the hype, with people actually believing that…
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Official September CPI Increase 1.2%
The official inflation figures for September which set pensions increases for next April have been announced today. CPI, which is what the government changed to some years back, is only 1.2% . :( Still I suppose it's better than nothing. If the government had stuck with RPI we could be looking forward to a 2.3% rise…
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Defined contribution pension -> Drawdown SIPP
I suspect I know the answer to this one, but am hoping for confirmation from someone more knowledgeable than me. My question follows the recent pension announcements. I closed down a defined contribution pension plan, took the 25% tax-free lump sum, and invested the remainder in a flexible-drawdown SIPP. I haven't taken…
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Novice re jointing a pension fund
I am thinking if investing £600 per month into a pension fund. A complete novice to what to do ? A complete novice on what questions to ask to get the best advice ?
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!! p!!!!!! v. !!PP
I have a deferred FS pension, it offers, next year, a pension equivalent to a 4.2% yield on its transfer value. The scheme is currently 90+% funded, and the company continues to pump in funds. If I take the pension it rises with inflation(min 3% max 5%) and there is a 50% spousal pension. If I transfer to a SIPP I would…
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Miss-sold Pension
I was going through a bad patch in my marriage and was advised to transfer my Preserved Pension through the Navy into another pension scheme. I now understand as I near retirement how wrong that was and wondered if anyone could advise me on how to claim compensation. I have contacted the former company and advised them…
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Nearly 30 and planning
Hi all, Please excuse the long post but any help, guidance or info would be appreciated. After combatting foolish debts and finally having a credit report I am proud to look at, I have just been accepted for a mortgage with a mainstream lender borrowing £80,000 over 20 years, I aim to clear this in 10-15 years however. By…
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Workpace contributions and tax relief
If I were to join a workplace pension scheme where the employer matched contributions and say I paid 3% of my salary. I would gain tax relief so if 3% were £50, it would be worth £60. Am I right so far?? If so... If my employer is matching my contributions I have payments of £100 in there. Am I getting tax relief on both…
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Ready to start saving for retirement but still confused!
As advised Ive spent the last few months saving into an everyday account for emergencies so now I'm ready to start thinking about retirement savings. Some facts: Age 43, net pay to take home £1600 per month. Auto enrolment won't start until January 2016. No current provisions for retirement apart from a Scottish Life fund…