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Divorce, Pension and legal aid
Hi al, My partner is getting divorced at the moment and his soon-to-be-ex wife is using a legal aid solicitor. She appears to be doing everything she can to rack up our bills. The latest attack is that she is now asking for financial disclosure and mediation to resolve financial issues. While negotiations regarding the…
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Pension pot advice
I am 57, and hoping to retire fairly soon or at least work part-time. I have a PP pot of about £180k (nearly all invested in FTSE trackers till recently). Although I do not need any income (or capital) at the moment, I am concerned that annuity rates will fall further with the imminent introduction of unisex rates and…
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NPI Pensions
I am transferring a pension from npi for a enhanced annuity with another provider the is a time limit on the offer of about five weeks to go I was wondering if anybody knew what the average time npi takes to transfer the pension pot as I have been informed by the annuity broker that they have just reduced their Annuity…
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pension
My father used to work for a council for over 15 years and paid into a pension. When he died my mother never received his work pension. She is still alive and now wants to find out why. Can anyone tell me as it is 32 years ago can we still persue it thanks for any help
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Employer contributions into SIPP - possible?
I have a meeting booked this week with my employer’s pension consultant. I’m intending to start the process of joining the company pension scheme as soon as possible. But I’m really interested to know if the company would be willing to pay the contributions into my existing HL SIPP rather than opening a new Group PP plan.…
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pension
my pension is defered can i cash it in i am 55 and on long term sick
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Teachers' Additional Pension or AVCs
Hi all I am a 40 year old teacher with a pre-2007 pension and am looking to increase my pension for when I'm 65. A bit of financial advice would be gratefully received! I've looked at previous posts and am currently weighing up two options: 1. The TPS Additional Pension Benefits - I have looked at putting in £1710 per…
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40% taxpayer - claiming back tax on contributions
Ok. I am prepared for the flak and the cries of "idiot!" but..... Have just realised I have, for the last however many years that I have been a higher rate taxpayer (10yrs???) that I have not been claiming back the extra 20% tax relief from the HMRC on my workplace group pension scheme contributions In my naivety, I…
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final salary pension,state pension claw back
Hi, I have been in my current job for 25 years and up until 2002 I was in the company's final salary pension until they decided they could no longer afford it and closed it. Recently, I have been looking into taking the final salary section of my pension early (at 58) and was extremely disturbed to find that the pension…
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company pension,will make me worse off.
hi, fairly new to this site,so hope its put in the right place. in august i have a small works pension coming to me,as its about the same weekly amount as my pension credit, it seems i will lose it all, which its not so much the money as the fact i will lose all the benefits that come with it, ie dental and glasses and…
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LGPS Pension -Ins and outs?
Hi all, Basically I want to get financially savvy and start planning for the future. I am 24 years of age and up to now have been earning £28k with my current employer who puts away 15% contributions and I only £20 monthly towards a Stakeholder Pension with Standard Life. There is about £9k in this. However, I will be…
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Pensions and Divorce
Thanks for answers below. Found what I needed. Original post removed as contained personal information.
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Am I putting enough aside?
Hi. I'm 30 years old and consider myself fairly switched on when it comes to mortgages/savings etc, but pensions are something I'll admit I'm not very clued up on. After a bit of a steer on what I'm doing at the moment and what is being projected is reasonable and comparable to other people. I contribute to an employer…
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IFA cost for pension advice
Hi, I've 4 old pensions with few years contribs in each and one current stakeholder. I need to see an ifa for advice on consolidating all into one plan as I heard it saves on management fees. All are non-final salary schemes. I've got paperwork for them all with scheme numbers etc so no searching for "lost" plans needed.…
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MSE News: Pension funds warned over high fees
"Pensions Minister Steve Webb has urged companies that charge excessive fees to offer members fairer terms..." Read the full story: Pension funds warned over high fees
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Pension fund choice
Hi there, I am 31 and have a personal pension with Aegon (Ethical equity). It has about £20,000 in it and I pay in 8% of my salary and my employer pays in 6%. The AMC is 1%. I've been reading about low cost pensions quite a lot recently (eg http://www.guardian.co.uk/money/blog/2012/jul/13/order-danish-pension ) and…
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Civil Service Pension - Retirement Age
Hi All, My dad was born in 1952 and turns 60 in August, he left his job early at 57 owing to medical retirement (cancer). I just wondered if any of you knew if he would be eligible for a Civil Service pension at 60 or will he have to wait till 65 ? All help appreciated thanks
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Paying for Residential care from the Family Home
Hi, This may sound mercinary but I am trying to find info so I don’t get any surprises. My parents are in their 90’s, are both disabled but still live at home. I am a single child and unmarried and have seen their latest will. They own their house outright and have about £20k savings and live at the other end of the…
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Open Market Option
I am self-employed and over 55 and I am thinking of taking my small private pension now and getting a tax free lump sum. A short while ago I contacted an independent financial advisor, with whom I was dealt before, and he said that I should consider "the Open Market Option". He was actually the person who set up my pension…
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where to place my £50000 lump sum
I am thinking about retiring early. I am 58 and will get a £68000 lump sum and £900 a month pension. I am thinking about dividing the £68000 by 8. which is the years Iwill have to go till I get my state pension. This will be to top up my £900 pension. I will take 16000 from the 68000 for to cover the first 2 years and was…