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Transferring my pension to Hong Kong?
I have enrolled in my current employer's Flexible Retirement Plan (managed by Standard Life) for less than 2 years, and my pension has less than £5k (all were contributed by my current employer). I am gonna leave my current employer in UK and join a different company in Hong Kong. Is there any way to cash in my UK pension…
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LGPS -extra contributions?
I have a LGPS which i pay 6% of my salary -is it worth me making extra contributions - ie increase it to say 12%-or even more On paper it seems an exceptional deal- £20 for every £80? iirc - but i don't notice people shouting this "giveaway" from the rooftops I have used some calculators but i am none the wiser as my…
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Transferring SIPP to QROPS - How difficult it is?
Hi, Just wondering regarding my small SIPP plan where the total value currently is less than £5000 and continuing to make monthly contributions. This is in addition to NHS Pension. In next 2 years, planning to move abroad and was thinking of moving SIPP to HMRC registered QROPS. How easy is it DIY transfer from SIPP to…
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Superannuation and tax
Hi all Will hopefully be collecting a superannuation lump sum and income in a few months time. Can anyone tell me whether these are taxable? Cheers
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claims on private pension if seperated
Please can somebody advise? My mother and father have been seperated for 3 years and are both of pensionable age. My father gave up ownership of house and signed his half to my brother, so my mother could have half the value of the property in cash, and he would remain to reside at the house, which is now solely in my…
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superannuation
might be a long one.... sorry. Usually i am quite clued up about money, banks, savings and stuff but i cannot decide what to do here as i have never considered it before and saw it as an 'old people' thing. In september i started my first year as a teacher (was 22) and they started taking superannuation pension from my…
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MSE News: Just days left for millions to draw their pension early
This is the discussion thread for the following MSE News Story: "Anyone aged 50-54 only has days to draw a private pension and take a tax-free lump sum worth 25% of their pot, or wait until they are 55. ..." Read the full story: Just days left for millions to draw their pension early
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SIPP: cheapest trackers / 20% tax relief
1. Which FTSE trackers have the lowest charges for monthly drip feeding? FTSE ALl Share Index, FTSE 350 value Index and FTSE 250 Index? Any good Europe, World and Emerging Markets trackers? H&L, others? EFTs seem to be too expansive for monthly contributions. 2. In SIPP the 20% tax relief rule, does it mean for every £80…
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what does
can anyone tell me what does BGC stand for. I understand that when i see CWP itmeans cold weather payment, but now I see BGC and would like to know what that means please
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Should I stop paying into my Civil Service pension
I'm 29, been in the civil service 6 and a half years, currently paying intothe Premium Civil Service pension. However, we're struggling financially and another £40 per month net would be helpful at this time. So should I stop paying into the scheme for a coupleof years tillwe get back onto our feet? I also have 6 years in…
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Release funds from a tiny Sipp
Hello experts, I'm 52 and unemployed on Jobseekers. My wife is disabled and has DLA at higher rates. I have a tiny SIPP with about £12k in it - is there a way I can access that money now? Thanks for your help T
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Need reassurance please
I would be grateful for any views on a decision I need to make about my forthcoming retirement. My wife and I retire in August and we will both have a final salary, index linked pension and a lumpsum. If we opt for the maximum pension (and minimum lumpsum) then we think we would be able to live off our pension alone (and…
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spouse wants 50% of my pension in divorce
hi all, be greatful to know about the following.. I split with my ex last september, at the time she was ok with leaving the seperation up to the 2yr period, until she started studying the subject. I'm ok with her being entiltled to 50% of my pension up to the day we seperated.. what i need to know, is what will be the…
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Increase pension contributions?
My husband, due to retire in 8 years, is thinking of increasing his pension contributions. With overtime he is now in the higher tax bracket and wants to increase his contributions to take him back below the higher tax band threshold. Is this a good idea? He is in a money purchase scheme. Also although I know a bit about…
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Serps
If anyone can help it will be appreciated. I opted out of SERPS in the late eighties, and now have no idea whats happened to it. Can't remember the name of the pensions company, but I don't think they exist anymore. Moved house a few times since, and can't find any paperwork. Any advice ? Thanks
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Small pension and about to be made redundant
Hi, I need advice as to how to sort out my future financial prospects. I am single female, 57, about to be made redundant from a £43K salary. My personal pension fund is £103K at the moment, I have about £45K in various ISA’s and saving accounts and about £450K worth of a house. Generous redundancy settlement is to be…
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Navy Pension
My fiance was in the Royal Navy for 5 years and paid into a pension during this time. He is now wondering if he can cash it in. Is this possible and where would he start? Also will it be worth anything? Thankyou
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claming money back from pension
hey there, My father is 56 and wants to claim some money back from his pension. However, the pension company (assoiated with NHS) has said he has to wait until he is 60 before he can touch any of the money. Does this sound right? And isnt he allowed to move to another pension?
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Wanting to start a pension? No clue where to start
Hi guys I am 23, and wanting to start a pension ASAP. I read on here, that you take the age you start and half it and thats the percentage you save. So for me as I am 23 its 11.5%. Does that mean that its a flat 11.5% for the rest of my life? Or does it increase as I get older? Also, how do I start a pension? How do I pay…
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Claiming my dads pension.
Hey. My dad passed away 3 years ago... Just found out he had a pension at the place where he worked years ago, that was in Newcastle which has now shut down. I am wanting to claim the pension but dont know where to start. Please could somebody help me?