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HELP NEEDED finding details of my Avco Trust (The Associates, Citifinancial) Pension
Hi, can anyone help me. Back in 1997 I started to work or Avco Trust finance company. They went on to be bought by The Associates then later bought by Citifinancial. I had a pension with them but have lost all my literature on it and am trying to contact them to get details of it. Is there anybody out there with the same…
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Pension Contributions to Company Money Purchase Scheme
Hi All I have what I think is a simple question. My company runs a Group Personal Pension Scheme. They contribute 2% of basic salary and I contribute 8%. Now, looking through my payslip, I cannot make the figures add up. I believe that my 8% is calculated after deductions of Tax & NI but my employer is saying that my 8% is…
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Company Stakeholder Pension
Just got my forms through on the pension scheme for the new company I am working for. This new one is a stakeholder with 2 options 1) Lifestyle option - funds are chosen for you and chopped and changed depending on length of service i.e. first few years higher risk equities then switched into gilts and cash as you get…
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Minimum no. of SERPS years?
I know that there's a minimum number of years of NI contributions you need to get any basic state pension (7?) and a minimum number of years to get it all (30?), but does this also apply to SERPS? And does opting out of SERPS before you get to the minimum mean you lose all your SERPS contributions? Sorry for what I fear…
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Ill Health Retirement at 41
Hi i am currently awaiting a decision on my Medical Retirement due to a stroke i had last year in June, my question is as i am only 41 what am i likely to get, i am on a final salary pension, and work for one of the largest companies in the World GE Capital, part of the GE group, but trying to get information from them is…
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Teachers Pension -Additional Pension is it worth it?
Hello, I can't find more information on the Teachers Pension site, so I hoped someone here can help. I initially opted out -to my great regret now- and now I am in the process of joining I can't buy any additional years (post 2007 rules), but can buy Additional Pension (I mean APB, not AVC which is with the Pru). The only…
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teachers widowers pension
i get a pension from my deceased wife's employment as a teacher - she died in service in 2003 - i understand that if i remarry i will lose this pension - what if i move in with a partner? is it possible to cohabit in any way and not lose the pension?
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Company pension - employer contributions change
I was informed by a prospective employer that the government are to change the laws on employer pension schemes making it compulsory for employers to contribute in the future... Can anyone please shed some light on this? For info the above mentioned employer currently offers just the stakeholder pension scheme where onlt…
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Wife's Stakeholder Pension
Hi, My wife gave up work nearly 3 years ago, in order to bring up our children. We decided to continue paying into her Stakeholder pension and I now pay the contributions. I've just started wondering if we should have notified anyone of the change or if there is anything to consider tax wise? Any comments would be…
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Work not paying pension contributions
Hi, I work for a small software firm and have done for 11 years. We used to be part of a larger firm but some 5 years ago we were bought out using TUPE. I used to pay around £80 per month into a company pension scheme and the company paid around £160 per month. When we were bought out in 2005 I got a letter stating that my…
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Company GPP problem
Hello I have a question that my employeers are not willing to answer so I thought I'd see if anyone in the know might be able to help. I pay into a company GPP my employer takes a percentage of my gross wage and matches the amount which then goes to Scottish Life. Last year the company had a hard time and although they…
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An urgent question re Pension LumpSum
Hello, I've looked but can't see a thread on this ... please help if anyone can. I'm 50 and I paid into a pensions for a few years. I was told by a friend a few months back As you're 50 you can claim your pension benefits (NB, only up until 6/4/2010, when the minimum age hits 55, so make sure you do it before the). You're…
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pension reclaim?
Hi i wonder if someone can help me please i used the pension service to trace an old pension from an ex employer where both myself and the employer made contributions. Standard Life came back to me with details of the pension, but I THOUGHT the point of the tracing fees were to see if there were any benefits that I could…
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Armed Force Pension Increase - None
The Armed Forces index linked pension is frozen from April 2010 to 2011. i.e., those that would have had an inflation based increase this year will get nothing. As the State Pension gets a minumum of 2.5% increase - even if inflation is 0 or minus, I was hoping that the AFPS would be the same, but no. See:-…
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small sum investment before end of tax year
Hello, I'm hurriedly trying to decide how to invest a small sum (around £2K) and would appreciate any pointers. Normally I would just open a new cash ISA and put it in there, but as a non-taxpayer for the current tax year only, I think it might be rather more advantageous to drop it into a pension or SIPP, as the…
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Savings v pensions
I am wondering what is the most sensible way to balance how much to put into a pension v savings every month?
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State pension forecast
Last time I did this was when the basic state pension was £77 per week. I was told that due to serps mine would be £120. As the basic in April will be £97 am I supposed to assume that at that time my forecast would be £140 per week?
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Moving Pension to SIPPS Query
A financial advisor has suggested moving a pension fund from one large well known firm to and actively managed SIPP. The fund is shown as cautious, and the fund managers are also part of a large secure company, so there is no issue there. My puzzle is that, on reading the analysis report, the effect of moving (after all…
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Lgps
Ive worked for local government for a few years now and seems they are always changing the rules on pensions. How can they do this? How can people like my dad work for the council and pay a pension for 35 years yet change their minds about how much his lump sum is etc? Ultimately Im going to keep paying it but presumably…
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Warning re Stakeholders/Personal Pension vs SIPPS
Why are SIPPs constantly being recommended on this site ? To use a SIPP to its full potential you either need to be an experienced investor or have a good adviser. If you are on this site because you dont know what type of pension you have at the moment it is highly unlikely you should be looking at a SIPPs. At low levels…