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LGPS Scheme
Please someone help me with a dilema - I have been lucky enough to have been in the LGPS for 26 years - and am currently on a salary of about 40K - I am considering leaving Local Government and possibly working for a company with no pension scheme - my problem is how much extra would I need to earn in order to put enough…
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Company Stakeholder Scheme Investment Help!
I've recently signed upto my companies stakeholder pension scheme, its with Legal & General. Im 24 so got in relatively early. L&G allows me to choose which ever funds / lifestyle profiles I wish and its easy to switch around online. The default choice is a UK Equity Index Fund Lifestyle portfolio (lifestyling kicks in…
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Phoenix Life stonewalling me?
Hi all, I'm trying to transfer a defunct company pension I have through Phoenix Life, (Was Scottish Mutual etc), into my Civil Service pension. I seem to be having real problems with trying to get them to get a move on, every letter takes ages to reply and the latest one says they cannot provide the CS with a transfer…
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Inherited Pension?....
Had a letter from a company called Pheonix saying they were sorry to hear of my fathers death and to contact them with details of his probate certificate etc so they could deal with his pension. After calling them I learnt that he had taken out a pension in 1978, and I can only presume that as he has not claimed it, that's…
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Pensions & Pensions Credit
My nan is 74, we are looking in to her selling her house for £100,000 and buying a shared ownership retierment flat for £66,000. She current recieves £80 a week state pension, £7 a week private pension, and £44 a week pension credits. If she moves she will have appox £30k left to in the bank to enjoy herself with, but will…
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TD Waterhouse - very slow application process
My SIPP provider sent an application to open a share dealing account with TD Waterhouse in November 2010. Four months later I still have not received the login details to enable me to trade! I expected that it would take a little more time than usual, because of the legal complexities of the SIPP being held in trust, but…
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Annuity v. Bonds v. ???????????
My retired mum (71) has about £100k to provide an income in addition to her pension income. We have discussed buying an RPI annuity, fixed rate bonds paying a monthly income, and investing in equities/funds. For annuities, there are various calculators out there that help you identify the best rates, but are they like unit…
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NHS pension and International Private Pension
Hi all, I'm 29 and qualified as a doctor in 2008 with £14K of commercial loans and £18K of student loans. I've paid off the former and have now moved to New Zealand where I'm working for a year. I plan to return to Europe to do a PhD and am looking at the US or Germany to train as a neurosurgeon after that. My student loan…
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State pension in the UK and Ireland
I was talking to a neighbour today who is coming up to retirement in a few years. He has worked the last 25 years in the UK and was working in Ireland before that. His plan is to retire in Ireland The question is: is he entitled to a pension from the Irish system (which is over €400 per week for a married couple :eek:) or…
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SIPP for an ex pat
I am an ex pat living and working in the UAE. I want to transfer my UK pension to a SIPP. Am I advised to look at the same SIPPs as I would if I was still living in the UK or should I be looking at something different. I see that the Hargreaves Lansdown SIPP is recommended, is this still good for an ex pat?
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Pension transfer
I have just left my work and have recieved a letter regarding my 10k defined contribution pension fund. The company want to know what to do with it, i am thinking about transfering it out but not got a clue about pensions so thought id ask you guys for advice. Can anyone reccomend agood one to put it into? Im 28yrs old and…
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10% increase to £140 pension now £155
The new £140 state pension has increase by 10% and is now expected to be at least £155! http://www.bbc.co.uk/news/business-12924666
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Another first timer would like some advice.
I've been starting to think about how to start my retirement planning, and need a few opinions as my financial knowledge is almost non-existent! I'm 31, in full time employment in the NHS, earning approx. 35k. I'm a member of the 1995 section of the pension scheme, and have saved about 10k in a cash ISA as a deposit for…
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Company pension plan - good deal?
Hi all, I'm in my mid-twenties and had a bit of a lightbulb moment at the weekend - I'm hopefully completing on the purchase of a flat with my partner in a few weeks, and suddenly released that I needed to get around to sorting out wills, life insurance, and a pension. I've read some of the useful info on these boards…
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£30,000 redundancy-which pot??
Hi, I have just received £30K tax free as part of a redundancy package.I invest my maximum each year in ISA's(cash & S/S)and am looking to invest the £30K towards my pension(I am 52)either in one lump sum or split.I want low risk so appreciate the return will be diminished. I have a total of £35,000 in various ISA's & GSK…
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Friends Provident Pension Fund Choices
Looking for some advice on the choice of funds for my Friends Provident pension. My employer will contribute 12% if I contribute 8%. My contributions will be made through a salary sacrifice arrangement. The funds available to me are listed on page 11 of the brochure: - http://www.friendslife.co.uk/doclib/bpen163b.pdf I…
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My Gran and Her Care Home....
I have just been discussing my Gran's finances with her and she has asked if I will take on a power of autourney for her. She's of sound mind now, but wants to get something set up just to be safe. That isn't our issue though, the problem we have is with her savings and home and the care home she is in. The care home costs…
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Working out Gross Contribution to Pension from Net Figure
Wondering if anyone can help - How do you work out a Gross contribution to a pension from the net personal contribution to take account of the tax relif. I take it you can do this on a calculator? if so - How? - Maths was never my strong point!!! many thanks in advance
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SIPP contribution...a little help needed
I have opened my SIPP - first year, but I need a little help with the amount I should contribute and get tax relief. For the year 2010/11, my gross income was £19,414 and my tax £3,575 (all on PAYE). I understand that the tax is added back to my own contribution. So far I have put aside £13,750 from income and savings to…
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Frozen pension what to do??
I had pension with the Social Housing Scheme which I paid into until 2004 and since then it has been frozen. I have some credit card bills to pay off and wondered if I would be able to cash in this pension as I also have an NHS pension which I have been paying into since 2005!! I have contact the The Pensions Trust via…