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Pension Credit - Household income
I have a question regrading Pension Credit on behalf of a friend that hopefully someone can assist with. I would phone the Pension service but they are closed at the weekend and I'm away from Monday. My friend is Married and claims pension credit, but also has his son living at home. His son is just about to start full…
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Pension transfers - reinvest immediately or drip feed?
Hi all, I'm transferring two old pension funds into a new pension. Once the funds are in the new pension is the standard practice to reinvest immediately - on the basis that you are likely to be 'out and in' the chosen funds within a relatively short time span and with little movement in price - or to drip feed over a…
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Pointless little pension - anything I can do?
Hi I have a very small pension plan that I took out and contributed to for about a year, before I had a change of direction and went to University. At that point the pension was made up and payments ceased. Since leaving University I've worked in the public sector and have contributed to the NHS pension for 16 years so…
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Annuity comparison quotes?
Hi there just asking on behalf of my parents who have to take out an annuity on a small sum of 16k. My dad has been quoted at £1500 per annum. All I want to know is what is the best way of shopping around? Do you go direct to Aviva or through or broker? Is there a comparison site out there that factors in your age health…
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Where to transfer to?
What suggestions would you make for someone currently with cash in a pension pot and looking to buy an annuity in 2-5 years' time? The money needs to be transferred somewhere. Thanks
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Pension matters
Hi everyone, I am looking for advice regarding a private pension scheme I had with former Norwich Union, now Aviva I believe. It has been frozen since I left my then employer back in 2000 and is now sitting somewhere, doing nothing at least for me. I would like to know what are my options regarding this scheme. I currently…
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SIPP comparison
Thought some folk might find this SIPP comparison interesting if they haven't already seen it.
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Abbey National (Santander) Retirement Investment Account
I started this account in 1988 when I opted out of SERPS. I have never personally contributed to this fund. I am now 49 and this fund is now earning 0.4%. The value of this fund is £34,083, as at 4 July. I did start my own private pension plan in 1982, had other plans with various employers and I merged all of these into a…
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Minimum state pension of £140 - how will it impact SERPs pensions?
I currently draw a state pension plus a SERPS element. When the new basic pension of £140 is introduced, will this be added to my existing SERPS pension in place of the existing state pension?
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Should I continue to pay Ni contributions?
Wonder if anyone can help please? I'm currently unemployed and have been claiming contributions based JSA, although this will stop at the end of July. My savings mean that I won't be eligible to continue to claim JSA as I will be over the threashold. Whilst I am trying desparately to find a job, no luck so far, in spite of…
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State pension hasn't been paid
Hi all, My husband turned 65 on Monday, and applied 3 months ago for his pension. They said he would be a Wednesday pay out and today would be the first payment but its hasn't arrived. We live abroad (which they know about as they have sent letters & phoned us out here). How long should we expect to wait before we phone…
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Scottish Widows in 2012 - which funds/approach?
I am going to join a Group Personal Scheme offered by my employer. The pension provider is Scottish Widows. Monthly payments will be around 10%. I have a choice of pretty much any pension funds Scottish Widows offer. I am considering it to be a long-term investment, so I am looking at moderate to speculative choices.…
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Drawing pension while working....NI?
I will shortly be drawing a pension as well as working, at least until I reach 60 when I will be retiring. Do I pay NI as well as tax on the 'second' income......presumably when I stop working totally, I will only pay tax?
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MSE News: Over-75s' nest eggs 'shrinking'
"The long-term retired are having to 'knock lumps' out of their nest eggs just to get by, a new report has found..." Read the full story: Over-75s' nest eggs 'shrinking'
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Pension Credit
When you claim pension credit are the amount of savings taken into account or just the interest on that savings. :T
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Father Passing Away - Advice on his Pensions
Hi All My Father passed 2 months ago (abroad so it's been a bit of a nightmare getting things sorted). He was divorced from my Mother and had not re-married. He had just turned 65 (by 2 months) and so had just started claiming his RAF services pension. He had completed a will - and I remember receiving a document a few…
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Paying AVCs?
I am about to go partially retired with the civil service, so I will be taking my pension and reducing my hours at work. Although my gross income will be less, because of not paying NI on pension bit, my net income will increase about £100 per month. I am 59.5 years old and pay 20% tax. I have a civil service AVC that I…
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lLump sum or weekly income on state pension
I have deferred my state pension for just over 3 years, now I have been advised to take it. My maths says I have todate forgone approx £18k (pre-tax), whereas I would now need to live for 8.5 years to recoup this, and be in profit - in simple terms ignoring the tax take. The lump sum funnily enough equates to the pension…
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Data protection ?have they broken the law ?
sorry in advance if long winded but have they broken the law . my old financial advisor retired and sold his clients on to a company called compass ! i am currently due to ill health still live with my ex wife until our house is sold we dont get on at all ! today i get a phone call from the new financial advisor from…
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which risk level, what fund should i pick (age 30)?
hi i've got a pension plan with Aegon, through my employer (group personal pension plan). current value is £10K. i contribute £120 pm (3% of my basic salary), plus my employer tops up 5% so that's another £200 = toal of £320. i'm going to increase this by £200, bringing the total to £520 (from august). nice thing about the…