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Help! Early Equitable Life Pension
I worked for a private hospital back in the 80's and paid a small pension amount every month to Equitable Life for about 3 years. I eventually moved on to another job in the NHS and basically forgot about this small pension. I did however contact them about four years ago to update my address details, and I was sent a wind…
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What happens now
Hi I have contributed to an employers final salary pension scheme for 13 years I have now left the company what happens to my pension now?
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Pension advice
I have an old Royal London pension which has about £14500 in it which I have never topped up. I also have an occupational pension which is a final salary scheme and earn about £45000. Should I seek to top up the Royal London pension, move it, cash it in? I am lucky in that I can afford to top up the Royal London if I go…
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Advice and opinions sought re early leaver plan
hi everyone , im just looking for some advice / comments on my circumstances and some future plans re leaving work . i would welcome opinions as to whether i have everything covered or whether i am missing anything important that may disadvantage me and my family i have saved up an amount of money over my working life and…
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DWP published paper on possible 'defined amibition' schemes
The Department of Work and Pensions have put out an interesting paper on suggestions for what it terms 'defined ambition' pension schemes, in between traditional DB and DC ones. The Telegraph is splashing on it, though as usual, the newspaper write-up is pretty rubbish. The actual paper is here:…
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HSBC - awful business service.
Our company is a small SME but we really want to take care of our folks. One of the things we decided on early was to provide a 5% non-contributory Pension scheme for everyone past their probation period, which they could then choose to pay into on top. In 2010/2011 we only had 3 qualifying staff but knew we weren't IFA's…
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Contact details for AstraZeneca Pension scheme
I'm a deferred member of the AstraZeneca deferred benefit scheme. I want to contact them to to get a pension forecast but I can't find any correspondence from them with contact details on. Don't suppose anyone is in an AZ scheme and could provide me with contact details of the pension administrators?
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On Track??
I'm 50 Y/O, looking to retire at 65. I have a frozen pension (with profits) with a total value of £80K A DC pension with a value of £45K, a contribution total of £700 / month goes into this pension. I increase my contributions every year about 6-7%. I would like to have a pension after a 25% lump sum of £18-20K/yr (in…
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care
Morning All, Advice please, I own the home my partner and I live in, I have made my will stating that my partner can live in our home until she turns her toes up, after I have gone to heaven maybe! then my family can do as they wish with the home. My question is if I had to go into an old folks home would we have to sell…
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The new workplace pensions
I understand new workplace pensions are having to be set up by all employer's. I am a little confused as to how it all works for part time / low paid staff. I have read about "qualifying earnings" being between £5668 and £41,450 but I have also read that you won't be put into the scheme unless you earn £9440 or whatever…
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Wife's Pension
My wife and I were recently both made redundant and decided to retire early rather than look for new jobs to help look after her ageing parents. I arranged a drawdown pension, took my tax free sum and will take income from the fund in about 2 - 3 years. We are both 59. My wife has a pension pot of only £30K and she could…
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pension credit ?
My mum gets about £5 pension credit but does she get the guarantee part or the savings part and how does she find this out ?
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pension system
hello I am soon to start a career in UK and I would like to ask you to outline me the UK pension system in few lines in my country we have this system: every employee pays a percentage of his salary to the state and his employer contributes also with another percentage after gathering a specific number of years of work, he…
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LGPS, non-income-tax payer, and tax relief
I've been to help an LGPS member analyse the benefits of an additional regular contributions contract, and I'm failing to understand the tax treatment. The scheme's documentation on the ARC payments states that they're deducted from pay before income tax is calculated, thereby giving instant tax relief at the employee's…
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Help Please To Understand Pension
Hello, I am wondering if anyone can please help me understand my pension details. I took out a pension in 1986 in 1996 I left the company and deferred the pension. I received a letter telling me of all the increases due until my retirement date in 2008 which amounted to £3084. However in January 2005 the company went into…
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How much is needed for a pension?
Is there a way of working out how much to put in a pension to the return? I'm thirty eight and a half now so would I have to pay a mega amount to catch up with normal savers?
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State Pension
My OH put in an on-line application for his state pension a couple of weeks ago, we have had no acknowledgement, is this usual does anyone know. He will be 65 in January so we are within the right timescales.
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Stakeholder - Lowest AMC Available
Which stakeholder offers the lowest charges for a pot of 50K and which is the best way to purchase to obtain this rate? Lowest I've found is Friends Life through Cavendish Online: # Regular contributions 0.5% # Transfers 0.4% Thank you in advance
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Pension advice please?
I have a pension started in 1988 now frozen for the last 10 years and a Stakeholder with Aviva which I have contributed for the last 10 years at £150 per month without any increase. I'm 50 very soon and its time I got to grips with my pension situation. Would it be worth me seeing an IFA or should I simply contact Aviva…
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Deferred pension
I've deferred my pension for two years and will start receiving it in June 2014. I have a choice to either take a lump sum, which will be taxed, or add an extra 20 pounds per week to my weekly pension. Can someone guide me to the best way to go?