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Capita Tracing And Data Solutions!!
Hi I my 76yr old father has received a letter from Capita Friends Life claiming he may have a pensions policy with them from which benifits are payable. They want him to complete a a Verification Form, NI number, D.O.B, address and signature, return it and upon successful verification they will get incontact with him. I am…
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Pension for 26 year old, to pay or not to pay?
I have never really thought about paying into a pension before but with the new government pension scheme im unsure whether to start or not. My current employer has sent details through for pension scheme and i have some time now to opt out if i want to. Obviously need to start thinking about the future but i will be…
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Final salary pension frozen
If you are in a defined benefit final salary pension scheme which is to be frozen will a pension debit also be frozen at today's figure or will it continue to grow to (in this case) 25%? Or is this down to trustees of the pension scheme.
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can my 74 year old mother open a sipp?
Hi my mother is 74 and I am helping her organise her finances. She has over £50,000 invested in funds within an ISA with Hargreaves Lansdown. She will be 75 in February, and is receiving a pension (I'll have to check if it is a private or state pension). She has very little total income and so does not pay tax, she relies…
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NHS pension
Hi I am in the NHS pension scheme but only work part-time. I have accrued the equivalent of 0.66 of a year of service thus far. Obviously this is very little but it all adds up eventually and I don't want to lose it. The problem is that I am very likely to need to leave the NHS in the next few months for health related…
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Pension Credit and inheritance.
I've reposted this here in the pensions section as I first posted it in Benefits and Tax Credits, and I think I may have posted it in the wrong place so got no replies. If a man of 62 is in receipt of Pension Credit and he inherits money that takes him above the £10,000 threshold, can he use any of that money to buy stamps…
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lump sum pension payment
my husband is due his lump sum pension to be released to him early next year , can he have his cheque paid directly to my bank account as he has not got a bank account ,it is just in my name , thanks any help
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Splitting tax code
I have a pension from a previous employer but am also still working Would it be better to split tax code between pension and salary allocate all tax code to work or pension OR does it not make any difference at all ? Thanks
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Salary Sacrifice help
Hi I'm trying to work out if I should opt out or allow myself to be auto-enrolled in a new salary sacrifice pension arrangement that my employer is switching to shortly. I've tried a few online calculators (most seem to be aimed at advisors or don't quite do what I expected) and am pretty sure the net position will be…
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Deferred pension question
I worked for the AA back in the 80s. They had an automatic enrolment pension scheme and when I left to start a family the pension was deferred. I am now 55 and suddenly remembered my pension and wrote to the AA to find out how much it was worth. I was given a quote of £501 p.a. Yesterday while clearing out a cupboard I…
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Pension credit and small Pension problem
Hi Advice needed, I have recently claimed Pension credit at the age of 63 because of Health problems. My claim was upheld and should start at the end of November. I was originally told i would get a income of about £147. I declared a small pension that my old company paid into with B&CE, I did not contribute to this…
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company pension schemes cheats
hello this article says that company pension schemes may be cheating you http://www.independent.co.uk/money/dont-join-company-pension-schemes-without-advice-1341132.html however it is a bit old (1996), does it apply now? or are there any other reasons for not joining a company pension scheme? thanks
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Legal & General Stakeholder Pension Funds
Morning all, Any experts on Legal & General Pension Funds out there? My company stakeholder pension is invested through L & G and I'm informed that they will invest all monies (from both company and myself) into a Multi Asset Lifestyle Profile fund unless I nominate a different fund/s. I have been told that the rates…
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Wait for payrise before taking pension?
Is it really worth hanging on for a nationally agreed payrise (likely to be 1%) to be implemented before retiring or does it not make much difference in a final salary scheme.
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Pension payments via company or not?
Hello, I have been reliably informed (by Mumsnet!) that this is THE forum to post questions in as you are all really helpful. Thanks in advance for any info or advice. I have two pensions from previous employments (where there were employer matched contributions) but currently am paying into neither, mostly due to having…
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Pension advice
I have a friends life policy which has been in existance for ages but to which I have never contributed. The transfer value is around £8900. I have looked and seen that Friend life is not performing that well. Should I tranfer the money and hold a SIPP with someone like HL or should I top up what I already hold. Either way…
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Pension or lump sum?
I'm 56 and taking redundancy at the end of the year. I can draw my final salary pension, but would like some advice on whether to take an increased lump sum or maximum pension. The pension is c£15,400pa and I can swap about £600 for a lump sum of c£11,500. Iwill be getting a lump sum of c£70,000 and I intend to find…
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Should I defer or not?
I have 2 section 32 policies which I can take at 60. I can defer them at a rate of 1/7% per week, which I make 7.4% per annum. I don't need the money at the moment. Should I defer or should I take the money and invest it? Thanks for any opinions!
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What is she entitled to?
I lost my job so had to take my pension. After paying off some debts I paid £40k off the mortgage with my lump sum and put new windows in the house. My wife then told me we were seperating! I am in work, albeit on a contract basis. What I need to know is am I entitled to get that £40k back as I see it as part of my pension…
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Welcome back dunstonh!
Nice to "see" you around here again.