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Pension Information for Beginners please!
Hello. OK, so I have never really given pensions a great deal of thought, you know, I'm reasonably young (OK, early 30's, shhh) so I figured I'd worry about it later. BUT, no more! One day I WILL (all being well) reach pension age and need to prepare for it. The thing is, I have no idea about pensions; different types…
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Lost Pension
When I returned to this country, my new employer gave me the opportunity to merge previous pensions. That started a long search and I have come to a brick wall with one so I'd appreciate some advice. The Pension Tracing Service gave me two companies for one previous employer (I worked for them in 1981-82) - Barclays and…
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Two old pensions
First timer on this board,I'm after any help you can offer regarding my two pensions. You may need background but not sure how much to give. Job 1:Sainsburys joined the company in 1986 joined the scheme 1989,as a full timer and paid in until I left the company in March 1999,having given pensionable service of 9 yrs 10 mths…
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Pension for a child
I'm looking to start putting some money away for my daughter, aged 5, and given the potential changes to my pension scheme, and likely lack of any decent schemes available when she is working, I thought that considering a pension may be the way to go. What are the things to consider with regards to starting a pension for a…
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Equitable Life Unit-linked Pension
I'm aged 43 and have about £27k in a Equitable Life Unit-Linked pension fund which I stopped paying into back in 1999. I'm now wondering if I should transfer the money out to somewhere else. Has anyone had any experience of doing this?
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Annuity Experience
Hello All, I am unable to find the thread to share experiences on Annuities so set up another. I was approached by my existing pension provider about purchasing an annuity, after receiving my quote I asked the gentleman to give me more time as once an annuity is purchased it can NOT be returned exchanged etc. So a few days…
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SSAS - Protecting Myself
Hi, I have a pension fund of just under £200k from when I used to work in corporate world I now run my own Limited company and have been speaking to a pension company about the "benefits" of moving the fund into a SSAS Everything they have told me "appears" to stack up with information I have read from various forums and…
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Getting a private pension as well as company pension
Hi There, I am on a modest salary with a small company, they have enrolled me in a work based pension (NEST) which is at 1%. Im 30 years old. Would it be worth me also getting a personal pension on top? I know companies are obliged to offer pensions these days but my company is doing the minimum so i'm wondering if i need…
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What can I do with frozen work pension?
Hi, I have worked for my company 15 years and got a pension right from the start. 3 years ago they changed pension companies and we were told our current pension would be frozen and a new one would start with the new company. We were told we could transfer the old one to the new company, but the new company wouldn't accept…
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Worked abroad - buying qualifying NI years
I thought I'd post this in case anyone else is in the same situation. We worked abroad between 1989 and 1999 so paid no NI contributions and claimed no child benefit etc. We decided not to buy any NI years when we returned as I started work at 18 so will have no issue with getting enough qualifying years and my wife didn't…
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Is this the right pension investment ?
Hi, Using this forum I have finally decided to invest in a personal pension. I will be investing in the region of about £50-60k but i may invest a a few chunks rather than all in one go. I am 53 years old and intend to retire, from my current job at least, sometime in the next two years. I have been looking at my own…
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Policy Exchange attacks pensions with "Help to Save"
The conservative Policy Exchange think tank today made a range of proposals that undermine pension investing: 1. Mandatory purchase of an annuity with half of a pension pot's value. 2. With the remainder, mandatory purchase of one of an approved range of funds that prohibits capital drawing, so you're forced to die with a…
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pension question
hi I have a railway pension that I have been paying into for almost 40 years I have a choice at 40 years to stop paying into the pension with no loss of rights but can my employer reduce my pension by 10% each year If I leave before the age of 60 I am now 56 if I have paid max contributions any help please thank you
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Small Funds Lump Sum ?
I'm wondering if someone could offer me some advice on this subject please? I've received some paperwork today regarding a pension fund I had, outlining various options. One of the options is to take the entire fund (£17269.57) as a lump sum, subject to a tax charge. I meet all of the eligibility conditions. I would like…
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Advice
Hi All, i have 3 pensons.. one with standerd life think i have bout 2k+ not paid any in for 5 years, A final salery one with the company im with which also no longer get paid in, due to them stop it or something cant rember and a new one with this company being paid in to friends life... just want advice without having to…
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Going back to college - Mature Student - Pension?
Hi All, I'll try keep this short and to the point. * Completed college at 19 * Been in full-time employment for 3 years + payed into a pension since I was a glass collector at 16 years old * Going back to College this Sept' 2014 * Then going to University 2015-2018 From now until September I will continue in full-time…
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Self employed Pension, House investment or ISA?
Hi, My partner and I are 30yrs and know it's about bloomin' time we had some sort of Pension! We are self employed, and have a house (with mortgage) which we rent out, which will have paid for itself within 10yrs, and will be generating income well before we retire, but currently only £7200 per annum. We are wondering…
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Pension planning
I need to guesstimate the value of a pension "pot". I think it's a " "how long is a piece of string" type question, but the number I've come up with is £450 per month for a £100,000 pot. A few facts and assumptions: Normal retirement age Married Good health Survivor gets 50% It's just to get an idea, does that figure sound…
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Saving my pension
Can some one please advise I receive my state pension this year. I wish to pop it into some sort of savings, any advise please ?
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Young, self-employed, starting pension...
Hi there, I'm 26 years old and wanting to start a pension as I'm self-employed. It all seems pretty confusing, and as I don't know all the ins and outs I don't want to make any key decisions about when and how it's paid out, and all the other options. I want something pretty safe but with half decent growth to it - and…