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Prudential Retirement Pack – advice needed, please.
Hi, I am looking for some help regarding my Prudential Pension Annuity. Forgive my naivety, but I am confused what to do for the best and would really appreciate some advice. Apologies if this is a little long-winded. I have received a, ‘Retirement Pack from the Pru’ (a month late). As far as I can make out there are four…
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Pension advice
Anyone set up a private pension fund up? I have just started a new job and want to start saving up for my future, what the best private pension to use? Also is it possible to put in 100 pounds a month in each month.
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Potentially Exempt Transfers
Do the revenue assume that a gift (PET) from a joint account is given equally by each of the joint account holders or should the gift be made from a sole account? Also what documentation should kept to prove the gift for inheritance tax purposes?
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Another Newbie Pension Question.
I have been paying into a pension for 25 years (due to end May next year) and have another old company pension. The company pension will pay out more then the other, is it possible to take the money from the one which is under performing and add it to the better one to increase its monthly value. We are not talking mega…
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pesion actual growth
got a problem with a so called financial advisor being evasive and not answering question I need to find out actual growth of pension providers for each year since 2007 as my fund just drops all the time no matter how much I put in, when I transferred to him from standard life he was quoting growth rates of 25% were not…
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Where on earth do we start?
Hubby and I have just realised,rather late,that we have literally made no provisions for our retirement :o I'm 35 and hubby is 31,we have 3 kids and another on the way and have absolutely no idea where to start!How do you decide between the plans out there?I'm sorry to sound so naive and uninformed but this really is a…
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Company Pensions 2012?
Am I right in thinking that all companies will have to provide a pension scheme to their employes in 2012? If this is the case when in 2012 does this come into force and do you think that these pensions will be worth having if companies are being forced. Would I be better off getting a private pension or even just saving…
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Final Salary Pension - Tax Free Lump Sum
A friend is about to retire and as me which I think is better, since I retired last year (but I'm not sure I made the right decision). She is on a Final Salary pension where she can take up to 25% as a Tax Free Lump Sum. She is 55 yrs old, has no debts or mortgage, has no depends (children or partner) and has some savings…
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Tax liabilities when you rent out your property?
Hi all ( again)!! Further to my previous post ( Selling property and living off the proceeds) another option my father is considering is the following. Renting his current property to a family member and moving to the area of his choice and renting a property there for himself. Obviously he would be using the money he…
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Selling Property...living off the proceeds!
Hi All, Probably the wrong forum but here's my question. My father ( 72) is just about to stop work and start relaxing. He is worried that he won't have enough income from his private and state pension to afford the reasonable lifestyle he is used to. He is considering selling his property ( worth roughly £180-200K) and…
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Best way to handle this?
I contribute to my stakeholder pension at £100pm net which has always kept me just inside the limit to keep me on basic rate tax. My employer pays a separate amount of 13% of my salary. However a bonus payment this year takes me about £8K into higher rate tax so I am considering increasing my monthly contribution to aroud…
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Replacing the Administrator of a deceased's estate
In a nutshell, my husband's father died about 6 years ago without leaving a will. My husbands half brother is the administrator but 6 years on and there is still a property for sale. My husband believes that his half brother has mismanaged the estate as he believes the house could have been sold by now or even been rented…
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Advice needed for inherited money investment please
Hi I'm due to inherit about £50,000 from my mum's estate in the next few months and instead of it being frittered away on holidays , new kitchens etc, I would like to invest it and use it towards my pension. I'm 49 and want to retire at 60ish when my youngest will have hopefully finished university. I work part -time in…
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Change in Pension
Hi I have been informed that we have a new offer to my pension at work. They have explained the changes below: 1). You will have a contract change that reduces your salary by the amount of gross pension contribution you are currently paying. The contribution details with the deduction from your salary will be shown in the…
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‘Wait till you are 35 to save’
I just came across this article on FT.com Source Rational investors should not start saving into a defined contribution pension scheme before the age of 35, but should set aside a third of their salary from the age of 55, according to academics at London’s Cass Business School. The findings run counter to conventional…
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Views on Massow's offer to reclaim trail commission?
What do you think about Massow's http://www.paymemy.com/mission/ offer to return 80% unearned trail commission? Looks good to me if you are not offered on-going advice. Good until FSA changes laws from 01-01-13. Might get some dosh back in time for xmas:j
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Metlife retirement portfolio
My IFA has recommended this because it provides a secure income plan but the charges are a hefty 3%. Has anyone taken up this plan and do you find it worthwhile. I am 68 and have no plans to draw a pension in the near future as I have other income.
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MSE News: Personal pension contributions fall
This is the discussion thread for the following MSE News Story: "The number of people paying into personal pensions dropped sharply last year in the wake of the recession ..." Read the full story: Personal pension contributions fall
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Pension Cash
HI, I am after advice. Since leaving the RN 3 years ago I have been working for a company and accruing extra pension money with Scottish Widows. To date this amounts to just £13,000. If I am luck enough to stay till retirement It would be about £35,000. Given I have my Service Pension would I be able to draw on this money…
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Qrops
Can anyone recommend a reliable advisor to help me with qrops. I qualfy under the non resident rules of HMRC and intend retiring to Spain. Thanks !