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Widows pension
My husband at the moment receives the state pension plus the married mans allowance. If he should die would I receive a widows pension in view of the fact that I have not paid a stamp for over 40 years ? If I would qualify roughly how much would I be entitled too?
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How do i get myself in a position to retire/semi retire early?
I am just serving my time as a builder in 2 months. I plan to get my first property next summer. I dont mind working for someone just now(too early to go it alone in this game) so self employed outside of 9-5. Can and willing to work long weeks as love my work/learning and getting a job done. Find myself bored easy on the…
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Choices? Starting a company pension for my limited company or a stateholder myself?
Hi, myself and two others having been running a limited company now for nearly three years. I'm 28 (the others are 32 and 39) and I've been looking to start a stakeholder pension myself (probably a provider through Cavendish Online). My question is are there any tax benefits/risks to starting a company pension? Are the…
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New State Pension Proposals
The new State Pension proposals are outrageously discriminatory and divisive. Both my wife and I retire in 2013, and for us, our standard of living in retirement will be dictated by an accident of birth. Our group have already had their retirement plans messed around by changes to the retirement ages (and changes to those…
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How much is my Guaranteed Minimum Pension.
I am trying to ascertain how much my GMP is. I have received an employer's pension for a number of years and I have just received my State Pension calculation as I will be 65 this month. Because some future increases in my employer's pension will be the responsibility of the state I need to ascertain what my GMP is. My…
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Pensions/savings?
Hi all My Mother recently passed away, leaving £22,000 in savings. I am the excutor of the estate and will split the money three ways with my two brothers and myself. I just got a letter from the Department of Work and Pensions stating they need info on my mothers savings. My mother claimed a state pension and I have no…
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pension advice
hi, i'm in my 40's and know I need to sort my pension out. I had looked into H-L SIPP but decided this wasn't my area of expertise so consulted an IFA. After four approx. 1 hour meetings I was recommended a plan with large monthly contributions. When I looked at % commission charges payable to the IFA, they worked out at…
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MSE News: Flat-rate state pension could be £155 a week
This is the discussion thread for the following MSE News Story: "Women, carers and the self employed could be among the winners from the huge pension shake-up that could see a £155-a-week flat-rate state pension from 2015 or 2016 ..." Read the full story: State pension reform: the winners and losers also see: Flat-rate…
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how much is usual to have in your pot by say, early 30's and early 40's
i know it is dependant on what you earn (and how it grows over time), but broadly speaking if you are say, 30 now - what would you need in there to have a decent pension at 66? TWH
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24 months left in UK- Is a private pension worth it?
Hi All I'm emigrating in 2 years, and am currently working as a self employed contractor at the moment. I've 20 years company pension behind me already, but was wondering if it's worth starting a private pension plan now as I'd gain from 40% tax relief, but would only be contributing for 2 years, in the region of 10k p/a…
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Gar pensions
Well what a surprise, my wife has 2 ex compny pensions, just sorting them out now. A really poxy one, however a certain Scottish company had a gar pension which she took out 20 years ago. Very surprised but the weekly value is only just short of what she paid in monthly. We are very pleased. Next year a full state and…
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Early Access to pension pot?
Hi All, I have a question regarding the changes to the pension the government is bringing in. There was a lot of talk about being given early access to your pension pot say for instance if you hit hard times. What happened to this idea? Has it been dumbed just like many other grand ideas. Also if you were given early…
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New State Pension ignores partners
The new proposals for a single flat rate specifically exclude any pension based on one's partner's contribution, even after his/her death. If, as a couple, you have been planning for 20-30 years on the basis that one of you would get the other's pension if he/her dies earlier than you, you have been totally let down. This…
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Is it worth me transferring out LGPS pension to new DC scheme?
Hi guys, Just a quick one. I am 22 I worked in Local Government in a temporary job for 1 year and have just under £1k contributed to an LGPS pension obviously + government contributions on top of this as well. I am now working in the private sector and have around £2.5k in a new Defined Contribution scheme which I pay 5%…
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government pension
My husband is 63 years old and has a terminal illness. If he does not live long enough to reach state pension age. What happens to his pension?
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LGPS Lump Sum or Pension
Just been made redundant from Local Authority at 55 yrs of age and entitled to small pension. Option 1 - Lump Sum £18k with pension of £7200 pa Option 2 - Lump Sum £37k with pension £5600 pa Need some advice as to what I need to consider to make the right choice! Anyone offer any advice/suggestions?
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Saving For Retirement at 40
Hi All I have a few worries ahead of me regarding finances. My situation is as follows:- Im 40 and have worked every day of my life since 17. Ive opted out of SERPS in the late 80's I have a 15yr frozen pension with a previous employer. I have no current private or company pension that I am contributing too. I have a 2yr…
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Advice for first time pension planner
Hi everyone, I've recently been thinking that it's about time I started some proper retirement planning, and could use some advice on pensions. I'm 25 at the moment with a salary in the 40% tax bracket. I've been maxing out a cash ISA for the past two years, and aim to do so up until retirement age (although I do plan to…
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Can I claim my pension
Hi all just wanted to know if anyone could give me some advice Iam 56 this year and have been on the sick for a year and a half due to long term illness. I was with my previous employer for 7 + years and they paid into a pension scheme for me with the norwich union. I didnt put any money towards it myself but i was…
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time to buy annuity ??
My chosen retirement date is almost here 60 I have only got a pot of 42000.Due to circumstances I do need a 25% lump sum. Is there any way I can get this and continue to invest the rest and make futher contributions until say Im 65. If not is there any option other than to buy a annuity