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66, living in private rental, no savings - retirement prospects
I am a single lady, 66, with no savings, taken state pension a t 60 and working full-time and living in a private rental property with 2 bedrooms; and I run a car and enjoy foreign holidays. I should like to reduce my hours next year and fully retire by the time I am 70. :D Will the local authority pay my rent so I can…
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Closure of company pension
Hello. I am new here and need some advice on what to do with my pension. The company I used to work for, and who currently hold my pension fund, are changing pension providers and shutting down the existing scheme. They have written to me with four options. I am only 24, so nowhere near retirement age, but I still want to…
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Standard Life Paid Up Pension
I'm 50 and I have received a statement for a paid up pension I have with Standard Life. For information I have got other pensions as well. I have had some concerns with this pension for a couple of years, the pension is split between two funds - 70% Pension Millennium With Profits 30% Pension With Profits Fund The "Pension…
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Still tinkering with the plan
Hi all, have asked questions before and got great helpful answers so been away and hatching plans, i think i know what i want to do now but may not be bang on with the full plan ... can you let me know what you think of the so far plan ... Im trying to keep it simple so that as i learn more i can adjust the plan…
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Is it worth transfering all into one?
Hi, I have a couple of pensions, all of which have been suspended over the years. Transfer Values: 1) £7693 2) £845.13 3) £5571 4) last letter dated 2005 - total bonus was £2095.80 Not sure what Transfer value is 5) Defferred pension is £2366pa not sure what transfer value is The pay outs on all these are quite small, is…
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Pension Tracing Service
not sure if anyone can answer this but I registered onto the free pension tracing service regarding my parents (both deceased) and possibly pensions I think they may have contributed to. I received letters for both today giving me the details of each scheme I need to contact. Does this mean there is actually a "deferred…
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Free Boiler - Pension Credit
Hi all, Not sure if this is in the right place - so if not apologies. My father is 64 and on Pension Credit. He / We have made an application 8/9 weeks ago for a Free Boiler as he is on Pension Credit. Someone came round immediately and did an assessment and said yes he is eligible for one. He also said he can have loft…
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Pension "Liberation" schemes
http://www.telegraph.co.uk/finance/personalfinance/pensions/10143783/Pension-liberation-fraud-triples-in-three-months.html
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Contracted out deduction (COD)
My OAP will start shortly. I will get the max Gov pension but recently received a letter stating that my pension will not be effected by the COD which they were informing me was so much per week. What is this COD and where is the deduction made if not on my Gov pension???
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Divorce + house sale and Pension split help
Hi I got a divorce finalised back in November, the legal settlement was for a pension split and half the value of the house and the house to be sold. I am only one currently living in the house. It is now June and I am being told by my financial advisor that my partner has still not yet signed off the pensions (theyre all…
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little advice needed please x
hi my employer is cutting my wages by £300 take home per month I pay into a company pension of 11% and my employer pays in 16% , I can reduce this to 8% . This is a final salary pension as my wages are going to be cut I cant afford to pay my pension from November I can go to this workplace pension, do I contribute or does…
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Pension protection fund or new Kodak pension plan
Hi all, I'm a member of the Kodak Prnsion Plan (kpp). Kodak went bust so I thought that the pension liabilities would go to the pension protection fund. There is however an offer from Kodak, which the kpp seem keen to accept, which would keep the kpp out of the pension protection fund Here's a link to the kpp page (pages…
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pension credit
i am 61 and my wife is 61 in september of this year. Now i am told to make a claim for pension credit over the phone on the 1st july,telling me i will be intites to this benifit as from 6th nov 2013. we have no saings and living in a housing !!! ouse,were we pay rent(reason bedroom tax 2 spare rooms) therefore i would like…
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BlackRock / Kingfisher Pension, get back
Dear all, just received my annual statement from above. is there anyway I am able to get back all or part of it. I am aware I could just ring them but would like to go in with some info. thanks for taking the time to read and or reply to this. wiggi62
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Pension spit on divorce?
I am receipt of my pension at an younger age than norm (54) due to losing my job. In Aug 2012 I paid £40k off the mortgage with my lump sum and used the rest in Oct to replace the windows in the house even though I wanted to save some for a rainy day, my wife insisted it was a good thing to do. She then dropped the…
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Confused
I've had a company pension for years and my current company are upping their contributions if I up mine.... So I am :T However they are asking if I want Salary Sacrifice, and if I want to re-invest my NI contributions. This is a new one on me and despite google-ing the implications of both I am non the wiser as to whether…
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Transferring pension
I left one section of the railway pension scheme and have now been given details of my preserved benefits. Lump sum of £5300 Yearly pension of £2150 Based on 10 years contributions. I have entered another section of the railway pension scheme where my contributions have basically tripled per week due to a larger salary. I…
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Pension vs mortgage overpayment
My bonus payments have recently changed for the better. I am a higher rate tax payer. In the long term, is there a hard and fast rule whether to pay off a lump sum of the mortgage off, or add it to the company or a private pension would be better. Ignoring unpredictable issues of market instability of course.
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Prudental Bond 32
Hi all bit financially unaware so would like some advice on my position please Male -55-married Own home-no debt Wife and I both work joint income £32000 I have a Pru Bond 32 which I took out in 1989 using funds from a deregulated nationalized company total funds transferred £10,124.97p inc redress payment of £7,318 added…
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Pension is index linked???
Hi there currently getting medically discharged from the Forces & they said my Pension is immediately index linked. What does this mean? Thanks