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If I am unemployed from age 30-67, is there any way to get full state pension?
I doubt if there is, but if I don't work from age 30 to government retirement age (think its 67), I would only 1/4 of the state pension right, as I've worked around 10 years (age 20-30) Is there any way I can get the full state pension when I turn 67? I've heard of something called voluntary contributions? how much would I…
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Civil Service Stakeholder Pension - Choices
Hi there, I am seeking some general advice on pensions. I am 28 and am in a fixed term role for 11 months in the Civil Service. We are offered two types of pension: Nuvos and Stakeholder. As my role is less than 2 years I am not eligible to take the Nuvos pension. I am eligible to take the stakeholder pension. My employer…
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Under 55yrs pension fund less 18K early cash in?
I have a pension with Equitable Life (ha-ha!) They have sent me, on my request, a statement representing my with-profits adjusted financial amount. This is £15.5k. I started this policy in my early 20's and stopped when things went wrong at EQ. Due to my family circumstances, this would be of benefit now. What would be my…
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Help with early retirement plans??
I'm 42 and for the first time in my adult life I am debt free so have started thinking about my long term finances. I am a civil servant and currently have 25 service in and have no plans to leave. I live in rented property following the break up of my marriage so no savings / equity available there. My long term plans are…
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Pension for 23 year old
Hi, My partner has just got a new job as a nanny and would like to setup a pension. This will be on an employed basis - obviously she doesn't have access to the government backed pension scheme so would need to setup her own. How would she go about doing this? Is it best to see a financial adviser, could she get some…
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Can I save enough to retire at 55 ish?
Hello I am trying to work out if I can retire at around 55-57. I currently have £64000 in my pension fund now and i put £768pm (this will increase by 5% per year) I want around 12-15k per year and would want 25% lump sum to live on while the rest of the money sat for around 10years so hoping for 120,000 Assuming Mortgage…
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Advice on transfer into NHS pension scheme
Hi, I began my career in the NHS in 2002 and paid into the NHS scheme until I left in 2007. I then joined a non-NHS healthcare provider and paid into their scheme until last December when I rejoined the NHS and their pension scheme again (albeit the 2008 version I believe rather than the 1995 I was in previously?). I am 33…
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secondary pension strategy
Having got a good handle on my pension strategy i thought i'd take a look at my OH and see if there are any tax advantages to shifting some investments her way. So she was fulltime teacher for 10 years and then supply for next 10 years. She has pretty much stopped teaching now and is a 'lady of leisure'. She has some…
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New Series on Extreme Early Retirement
Hi Everyone, We've been contacted by a production company who are researching for a new series about people who have been able/will be able to retire as young as in their 30's. They are looking for people who, through clever investment, financial savviness or simply just living the "right" kind of lifestyle have managed to…
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Claim back National Insurance or stopping future payments / leaving Country
Hi, my brother has been working in the U.K for 16 years and will be leaving the country soon for a non E.U country. From what I can tell, they will not refund the money back and he will have to wait until his retirement age of 70 in another country! I will be leaving U.K for good in a few years and I guessing my retirement…
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Pension Help Needed
Hi All, I have an old work pension with Legal and General that I no longer pay into, the current value of this pension is £7000. I've never fully understood pensions and I've only logged onto this pension for the first time ever today and it really confuses me. My pension seems to be within the following fund which I've no…
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Stakeholder Pension: Company closed, what now?
Hi folks I was with a company several years ago, and contributed to a Stakeholder Pension Scheme. I left the company and the company itself is no longer in existence. It is the only pension I will have apart from the State Retirement Pension, but it needs adding to considerably to be worth anything when I retire in 12…
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State Pension reform - additional sum from deferment
I've deferred taking my state pension but am thinking of applying for it to come into payment soon. There will be the option of taking a lump sum or increasing the weekly pension. I realise that there are proposals for a single tier pension but cannot see what will happen if I now opt for the additional pension rather than…
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Actual Annuity Percentage Rates
Just wondering if anyone can advise please. Without asking Aviva, is there anywhere I can see their actual annuity percentage rates? Are these published anywhere? In particular I want to find out when over the last 2 months their rates changed and what the rate was after each change. Thanks for any help.
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Documents to prove you're of state pension age
We have a residents' parking scheme here and people of state pension age are allowed tickets at a reduced price. When I go along, they ask for proof of pensioner status and, although I have shown my initial award letter which they photocopy, it seems beyond them to renew based on this. I get my state pension paid into my…
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Can receive my pension at 35 advice needed. Help!!
I can receive my pension at 35 I took it out in 2000 when I was a pro footballer so I had special dis compensation. I am now 33 so getting close. Actually have one with Standard Life worth around 8000 and one with St James Place worth around 14000 I haven't paid much into them the last 5 years due to financial difficulty.…
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Using my pension to buy to let
I have got a very unusual request which I am not even sure is feasible. I'm 38 years old and as time goes on I'm becoming very pessimistic about stock markets in general. As a result, I am thinking of asking Aegon who manages my pension to use some of my pension pot to buy to let. As it happens I'min the process of selling…
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SSAS Pension advice
I would like to purchase a commercial property (about £45,000-£55,000) My total pension assets are around £15,000. I understand that I could borrow 50% of my pension pot, £7,500 giving me funds of £22,500 at my disposal, enough for a 40-50% stake in the property. My question is, would a commercial lender let me borrow 100%…
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pension help needed
can anyone please tell me the difference between a terminal bonus and a final bonus in relation to a section 226 with-profits prudential retirement plan, started in 1977 and due to mature shortly. The Pru claim that only a final bonus is to be added to the annuity, but i have bonus statments from the 80s and 90s, clearly…
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30 years contributions completed
I attained 30 years National Insurance contributions several years ago and have continued to pay - am I wasting money now? Can I simply stop paying my voluntary contributions with no penalty to my full state pension?