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Commutation rates
Hi all, Have googled this but not quite got the answer I was looking for, just doing a wee review on OH's pension and working out commutation rates etc, now I understand what a 15:1 would be or a 19:1 etc but husbands rates are 19:10:1 at age 60 and 16:60:1 at age 65 I'm confused as to how to work this out. We are a long…
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New employer - no pension
My son 20 has just finished his apprenticeship, stage 2, as a chef with an international hotel chain. He has also been working part time with a food-pub who want him to recruit him full time. Many of the things he wants for the next part of his career are available from the pub so he wants to move there. He will be on…
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Large and small pension pots.
Hi,i am a 56 years old with a private pension of 70k which i am still paying into,hopefully until retirement age;and a smaller one of 18k acquired when i opted out of serps about 25 years ago. My question is,under the new regulations could i take the smaller pot now to pay off mortgage,or would i have to wait until next…
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Unhelpful IFA
I found a IFA which on paper I was happy with who could do too much to please prior to signing. But since I signed on the dotted line and transferred my £120k pension pot following his advice, he has been less than helpful. Emails go unanswered or receive one word replies, calls are not returned. I have been attempting to…
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The High Street Group - Self Administered Pension Scheme
I was wondering if anyone has come across a scheme through The High Street Group where you release a pension that you no longer contribute too where you basically set up a company in your name (a small self administered scheme) and they contact your pension fund and if you go ahead the funds released can be spread across…
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Who can access pension details
Hi I am posting here as not really sure who or where else to ask at this time of evening. In 2000 my husbands family's company took out pensions through an independent advisor, his mum, dad, brother and sister all work for the company, my husband is the only one that doesn't. The agreement was that the company would pay…
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Pension payment reduction
Hi, I have a 10 year guaranteed annuity, still in its 1st year, this past month my monthly payment from this has dropped over £50, when previously it was always the exact same, higher amount. Would this be a mistake ? Or would the payment from it go down for some other reason ? I was under the impression my payment would…
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State Pension Top Up
I've just visited the government calculator . I really can't see many people topping up their state pension at the requested amount as the returns are quite feeble. For me to get an extra £25 a week (£1300 a year) I would need to pay in £20,000 next year when I'll be 68. Except I wouldn't receive £25 a week as income tax…
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pension confusion
I have three pensions from previous jobs, one with Siemens, and two smaller ones with standard life. I had to take the maximum draw down from each to pay the bills etc when I was made redundant in 2005. I don't know the exact current value of them now but I get an annuity of £125,£26 and £6.....yes,£6 a month.:rotfl: and…
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Will my wife receive my Pension
Hi, Looking forward, I just wondered what will happen to my government pension, should I pass away. Will my wife be entitled to claim it? Thanks for any advice.
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"greed, incompetence and evasiveness"
http://www.moneymarketing.co.uk/news-and-analysis/pensions/lucian-camp-the-toxic-elements-that-led-to-annuities-downfall/2008830.article "What went wrong was that the financial services industry so perverted and distorted all three of these big ideas that in the end they all became almost untenable." "What is particularly…
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Could I do better than this ?
I recently started to get interested in looking after and trying to get a better return on my money than just putting it in a Halifax Isa and have pretty much sorted out where I want to be with my current investments. This just leaves me now to sort out my pension. I originally had a hotch potch of personal pension plans…
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Looking To Start A Private Pension...
Evening guys, I'm looking to start paying into a private pension ASAP but have no idea where to start!? Who do you all recommend? And is there a certain amount required each month to be paid in? Thanks guys
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Tax reclaim on pension contribution
Hi, For the first time ever I made a significant pension contribution around beginning of March into a newly opened SIPP with ii At what point does the tax reclaim from HMRC that ii are supposed to claim on my behalf get added to my account as I'm still waiting ? I've also been told that when I fill in my tax return to…
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Pension LTA- What does this mean
Hi MSE folks, just been provided these figures from my pension forecast,. Could someone explain there meaning if possible?. The figures are based on a commutation of pension figure provided. Thanks in advance LTA- 1250000.00 Crystallised benefits 181940.00 Percentage of LTA used 14.5% Value of LTA unused 1068059.66 LTA…
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Old Post Office Pension
I worked for Post Office Headquarters long before they split into different companies, 7 years employment 1981-1988 when I was automatically enrolled in pension scheme. I have tried tracing it through Royal Mail Pensions and they have no record, even with my DOB and NI. They say there is nothing else they can do. Is this…
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Taking out an annuity
Help! I have a small pension pot of just over £34k and could have taken my pension 5 years ago, but, because of the stock market situation, I left the pension in, hoping it might improve. I have been researching the annuity market and nearly came to a decision to get a straightforward life annuity, but after the budget I…
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Cofunds Payments
I have a L&G pension through Cofunds, set up by my IFA a few years ago. It’s a while since I last logged into Cofunds but I now get the message “Cofunds agent id input for the application doesn't exist on the agent standing data.” Unfortunately the Cofunds website is geared up to ensuring that investors go through their…
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will this be possible under the new pension arrangements
I am currently a 46 year old and I want out of my job as soon as I can. I have a final salary pension scheme and can draw this from aged 55 but it would attract about a 5% actuarial reduction per year so I have a plan which I need help with . I want to stop when I am 53 which means I have to cover 7 years until I can take…
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<45 is it worth paying to top up Ni contributions?
Just had my statement through and I can pay for a couple of years to get fullni credits. However really not sure if I should bother as I'm in my 30s and don't expect the state pension to exist when I'm in my 80s. Has anyone else faced this problem?