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New SIPP for four years - worth it?
Hi there, I am 58, female, will reach SP age in 2021. Have recently stopped working (self-employed) except that I still run a small seasonal bed and breakfast which brings in about £6k, with £4k of this taken tax-free under the Rent-a-Room scheme. I have two small final salary pensions in payment (total approx. £5.5k pa).…
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after 5 years paying in info needed
Just a thought really. about 10 years ago I left a job whereby I had paid £100 per month into a company pension for 5 years and believe they put in the same. I left the job and never thought much of it until now Is there anything in this for me? Can I get anything back? I know nothing about pensions
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Pension Ombudsman - how long
I have a major issue with one of my pension providers - went through the normal internal complain procedures with them (which, as expected, failed) - so now am awaiting a ruling by the Pension Ombudsman... I sent the "appeal form" on 30 May and still have not received an jurisdiction (I asked them a month ago to confirm…
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50 pound a month SIPP
Hi, I'm looking to open a SIPP and pay in 50 pounds month that I would like to immediately invest in blue chip shares. It seems as though youinvest is my best option. But is there anything else out there? And do the govt tax benefits outweigh the 1.50 monthly fee?
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Tax codes for allowances over £9999
Slightly OT for this group but I hoped someone here would know the answer. I've been wondering what an HMRC tax code looks like if you are eligible for a tax allowance of over 4 digits, something that will affect a lot more of us with next year's £10,000 personal allowance. I've only ever seen 3 digit tax codes but do HMRC…
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Should I go for fixed protection 2014
Hi, I'm looking for some advice regarding fixed protection and whether it is a good idea to apply for it. My situation is this: Pension value is about £1.1m I have been paying in the maximum for the last few years, so I have no extra flexibility to pay in more I'm 52 but I really can't see myself working for much longer -…
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can son claim mums state pension?
Hi was just wondering if anyone would have any advice on this ..my partners mother died recently only aged 61 i have read on gov sites if she had no husband her son ie next of kin could claim some of her state pension..does anyone know anything about this please..thank you for reading.
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Automatic enrolment into work pension
I just received a letter from my workplace pension provider about the automatic enrolment into my workplace pension. We have a work pension for years now, my employer is putting 3% into it, but I have opted out and contribute nothing, as I had another pension I was paying into. Now they are asking me to make at least the…
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Ex Avco Pension
Hiya, I am trying to trace an old Avco pension, from about 1997. They were taken over by The Associates, and then apparently by Citibank. I have all the paperwork from when I left. The pension tracing agency have not been able to help, and I have contacted Citibank Pension department who don't have any details of the ex…
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Pension Contribution Question
I currently earn £95,000 and hope to receive a bonus in Feb. Maybe about £20 if i'm lucky. I also fill in a self assesment form as i have some other minor income from other sources (probably only a few hundred this year. Currently i don't make regular contributions to my pension so I only get those my employer makes. Say I…
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Can I get a refund of my pension contributions?
Hi, hoping for some help, I'm in serious debt and trying to get out of it. I'm in a local authority pension scheme with about 11 years worth of membership. Is there anyway I can come out of it for a year or two and withdraw the contributions I've made into it? I understand I'd be taxed on it but is it possible at all? I'm…
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two pensions one provider.
I am wondering is it possible to have two final salary pensions with the same provider? I ask this because my wife has as a deferred pension from Greater Manchester Pension fund, she finished working for our local education authority in 2010. According to her 2013 pension statement she will receive a pension of £5034 per…
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SIPP's
Sorry for any repeated questions here - I cant find any relevant threads. I currently pay into my employers pension via salary sacrifice. I am at a point where I have put the maximum in that they will add to and thus any additional is pretty much just for me. Looking through my finances, I will hit the 40% and go beyond it…
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Can I have more than one?
Hi, never really looked at pensions, but I have been auto enrolled onto my work based pension - very happy to do this and welcome the increased % rises over the next few years. (Not sure how this works in regards to moving employers, house etc - I need to read up) Anyway.. Since auto enrollment, I have been reading through…
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IFA fee for arranging an enhanced annuity
Just looking for a bit of info, since I've never used an IFA before. I may, in a few years' time, look into buying an enhanced annuity, assuming these are available as Purchased Life Annuities. It happens that I have a chronic condition which, statistically, reduces life expectancy by an average of 20 years. I would use an…
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Putting Bonus into Pension
Hi, I am due to receive a very welcome bonus next year. This will be 40% of my annual salary. My employer offers the opportunity to put all or some of it directly into my pension. I have a mortgage with an interest rate of 3.8% and 2% (ported one over when we moved house). I can't afford to put the whole lot into my…
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Aged Company Pension
Hi I wonder if I can ask you experts for some clarification please regarding my wife's forgotten pension. Back in the late 70's my wife paid into Martini's (no not Martins:p) company pension scheme for a period of just over 2 years, then we married, kids et all and so it was forgotten. She thinks she might have paid in a…
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Class 3A NI top -ups
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/265390/v2_mw__20131211_policy_brief_formatted_FINAL.pdf "The Government intends to introduce Class 3A in October 2015. The scheme will be open for a limited period – we expect most people who want to take-up Class 3A entitlement will do so in the…
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Reasonable Charges?
I am thinking of taking an income drawdown pension. After taking 25% lump sum the remaining pot should be about £110,000. I am initially hoping to take £100.00 per week as this is only slightly less than I would get from an annuity. Is it reasonable to think that £100.00 per week be sustainable along with a growth in the…
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Leaving Job - Whats best to do?
Hey, So I am handing in my notice on Monday. I have a new job to start on 6th January. My personal contibutions to my work pension is sitting around £7k at the moment. I am not able to withdraw it as cash becasue of the length of time I have been a member and I am not sure on what best to do with it? Do I look at moving it…