-
What to do with small pension pot
My husband has decided to retire at 61 and he finishes work next week. He will have a reduced pension of £13000. I work part time and will continue in work. He will have a further pension at 65 of £15500per annum plus state pension. Savings £25000. He has a small dc pot of approx £22000 which he will want to take 25% pcls…
-
Pension Invested Incorrectly be IFA
Hi All, 14 months ago I set up a pension via an IFA. We went through my risk appetite etc and agreed the 10 investment funds that I wanted to spread my capital across. I had everything confirmed in writing and a summary in my Key Facts document. I arranged a review with him yesterday and he said that due to an…
-
Fees for pension advice
In early 2010 I approached an IFA to help me transfer an employer pension after I left that job. The IFA was paid by the new pension provider to approx £1200 for the advice and this offset the fees that the IFA would have charged me otherwise. Then in 2012 I changed jobs again and I am now getting round to sorting out the…
-
Pension Advice (22 Years old)
Hi, I am 22 years old and just about to start my first permanent job. With my contract i have the option to join the company pension scheme for which i have a few questions i have listed: - What is a good percentage to put in my pension pot (employer will match the contribution), i have read the sticky which suggests 10%?…
-
Deferred Teacher's pension
My wife is entitled to a deferred TP from contributions between 1972 and 1986, so a final salary one. She can claim it at age 60 Question is, if she chooses not to claim it for say 5 years, would the amount she eventually receives be greater than if claimed at 60. Obviously it will increase by the normal index linking, but…
-
Estimating lump sum value from annual statement?
MY pension annual statement gives the current value of my funds and an estimated annual annuity in 22 years time. I can't talk to the company as they are not arround at the weekend but would like a rough estimate of what the 25% lump sum value of the at retirement age would be. Presumably there is a fairly easy calculation…
-
widow's pension
Does anyone know how much a widow would receive in pension if she was only receiving the state pension on her husband's contributions (due to paying the 'small' stamp) She doesn't have any private pension and her husband's private pension stopped when he died.
-
Switch?
Tried to log in to look at my pension today - found this "Website unavailable Scottish Widows eServices are currently unavailable due to a systems release. Services will be unavailable from 10pm on Friday 22nd March until 8am on Monday 25th March. We apologise for any inconvenience this may cause. "
-
winding up pension what can i do?
I have recently left my p[revious employer and started work with a new company. Because my previous employer was bought out they are winding up the pension plan. I received a pack from them a montha go with several options, the one that interested me was having a lump sum payment. Basically this would allow me to clear a…
-
help with pension
hi can any one give me advice with this, My nephew die of cancer two month ago, his wife left him six month ago, she didn,t went to know, she told him to go he went to his mum and dad where he die, he had a pension pot of £80,000 his wife names is on it. he could not remember if it was on there or not anyway it is, but he…
-
Which funds to choose from (Scottish Widows)
I now have an option to choose what funds I want to invest my pension into. I am confused because all of the UK Gilts and Sterling funds on scottish widows have been performing better than the default funds they offer, is there a reason for this as I assumed the most cautious funds wouldn't be doing better? I am pretty…
-
Next of kin pension
Hi, I am trying to get some information on Martin talking about pensions on daybreak this week. It was something to do with next of kin claiming a pension when someone is deceased. Does anyone know what it was and could they give me anymore info on it? Thanks
-
Teachers' Pensions - Calculating Average Salary
I wonder if there's an expert on the Teachers' Pension Scheme in the house? :) I'm trying to get to the bottom of how the 'Average Salary' is calculated. The scheme says ... How is it calculated? It’s whichever is the highest of these: A) The Pensionable Salary: Pensionable Salary is your Contributable Salary (i.e. the…
-
Shortfall in National Insurance Contributions
Hi, I have misplaced the letter (only have the guidance to hand). It's along the lines of I can pay £x's by 5 April 2010 due to shortfall in NI contributions to state pension. I need to read all the guidance but is this shortfall common? Kind regards, Ashley.
-
Help - increased contributions question
Current higher rate tax payer - How do I understand if an increase in contribution to personal pension is a good move? Net contribution is £235 being offered to increase by another £166. What should I be looking at to work out if this increase is something I should do? Thanks
-
State Pension
As you now only need 30 years worth of contributions to get a full basic State Pension, can I pass on my years over "30" to my wife’s pension pot?
-
Passive portfolio funds - multi asset
It appears our new work pension will be with Aegon and through the ARC platform. This provides an excellent choice, although the insured funds are not exactly limited (250 or so). As my main pension is in a Managed SIPP with Bestinvest and 90% in active funds [TER ~1.8%], I intend to choose largely passives for this…
-
Lifetime Trusts for Asset Protection
I hope this comes under retirement planning. An acquaintance has just been telling me about a scheme I hadn't heard of. He is considering setting up what sounds like a complicated arrangement of trusts, the intended effect of which is to protect assets before and after death. The principal asset, the house, plus some…
-
Should I get my private pension aged 55?
I am 31 years old and have been paying 5% of my salary with my employer matching that for 4 years. My pension is with L&G. I have the option to have my pension paid when I am 55. I am wondering if its a good thing to do as chances are, my parents will be alive as they will be 85 and 86 respectively when I am 55. Two of my…
-
Annuities
If you take out an annuity on your pensions. Can you get a further cash payment from your pensions