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Three Small Pensions, don't know what to do
Hoping someone can help, as the IFA I contacted did not seem interested, more interested in selling life insurance and the more research I do, the more confused I'm becoming. My husband has two company pensions and one private pension. He is currently paying into a private stakeholder and a company stakeholder, I'm…
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Pension Tax Relief
Hello Chaps and Chapeses, I'm after some advice regarding my pension contributions and tax relief. If I am a higher rate tax payer before any tax relief such as my pension am I still classed as a higher rate tax payer if after my pension deductions this takes me below the 40% threshold? My 'normal' salary is not in the…
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MSE News: IFA clients to get £7.8m compensation over poor advice
This is the discussion thread for the following MSE News Story: "Customers of independent financial adviser (IFA) firm Park Row are set to receive up to £7.8 million in redress after being given shoddy advice ..." Read the full story: IFA clients to get £7.8m compensation over poor advice
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Millions of pounds in pensions tax relief goes unclaimed
Guys you now have 1 month to claim back you higher rate tax relief for the last 6 years on your pensions. If you leave it one month the taxman is going to cut it by one third! http://www.telegraph.co.uk/finance/personalfinance/pensions/7253353/Millions-of-pounds-in-pensions-tax-relief-goes-unclaimed.html What do I need to…
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Offshore Investments
I have been living abroad for the last 15 years and have a regular monthly investment plan that is close to maturity. Can i take it to the uk as a tax free lump sum.
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please help
hi all im 24 and just started a new job and a new family coming soon (my girlfriend is pregnant) and as such im looking into pensions but with so much choice and so many words i dont understand im really stuck as to what sort of pension to have and how much to pay in???????? I dont have much spare cash but i am worried…
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Help with a sipp decision
We have a sipp for 54000 in cash that is earning 0.5%:mad:. We dont want the money locked up for the next two years courtesy of mr Brown. Hubby is 53 im 46 we would like to take 25% to put towards a house and dont know what to do with the rest. In a ideal world we would like to control the remainder by putting it in a…
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The big R cometh
The big R cometh and it is time to make a decision. I would imagine that an annuity is the most popular method of providing a pension but now the problems begin. I think there are:- Flat rate or indexed Single or joint life Assured value or not Guaranteed or not Are there any other options? Within each of these there are…
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Lump sum doesn't change with extra contribution, don't understand why
Hi. My wife is retiring through ill health via a compromise agreement. This agreement has been negotiated over the past six months. A pension forecast was provided 12/09 (15 years service) as follows : Option 1 Member pension £9195 Option 2 Max tax free lump sum £33123 Residual pension £6120 I understand how this works. We…
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Need to start a pension - quick!
I am 39 and have done nothing to plan for my retirement at all; with the exception of a pension for a couple of years when I was much younger. I do have a house that I rent out, with a mortgage of £150,000. I feel ridiculous saying it now as I am an intelligent person with a good job, I am not even sure how I got to this…
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Lots of jobs v one big job affaect your pension
I expect this is old hat on here but it is something I have just come off the phone about and am utterly flabbergasted at how this is allowed to go on in the day and age of computers. I have a contracted out pension with a big insurance company (not relevant here). For many of the years since 1998 I have received my…
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Question about a past pension scheme
Appoligies if this is a dumb question, but I'm clueless when it comes to pension stuff. I worked in the civil service 10 years ago and signed up for the Principal Civil Service Pension Scheme (PCSPC) at the time. I worked there less than two years and therefore when I left I got a letter that said as I had less than 2 year…
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Pension-should I take it now
Hi, I am a 51 yr old male, with a private pension made up of a fund of £96650.13, and also a fund generated from serps opt out of £40400.59. I have been advised, by the pension company, that they don't expect the performance of the fund to do well in the future. At the moment, I would be able to take this fund, which would…
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Personal pension or company director pension
Hi, need a bit of advice. I am currently running a business in partnership with my wife. Our accountantant has advised us to change over to a ltd company and we are seeking to start this at the beginning of June this year. I am 50 and have a couple of small personal pensions which I do not contribute towards, my wife is 38…
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drawing pension
Hi.I have agreed to take my pension at age 50. What i would like to know is-If I am already drawing my pension and the pension company folds do I still get the pension? Does the goverment pay out the 90% entitlement? OR Do I then have to wait till retirement age? Do I just lose the pension? :huh:
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Widows pension
Could someone please advise me on a query I have regarding the above? I have a sister who is 75 years old ,her husband died on 31st December 1996 at the age of 77.My sister was 62 years old when her husband died.As far as i know,the husband had paid all the NI contributions,can someone advise what her widows pension now…
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NI Question as Full-time student
Recently I got a letter from HM Revenue about a gap in my NI Contribution. Gap year 07-08 and the amount is £405.60. During that period I was on my full-time master degree and didnt take any part-time jobs nor claim any benefits. Am I entitled for a NI credit due to I was a full-time uni student during that…
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Poor Pension
I am now approaching 53 and having paid into a private pension for the last 30+ years find that it still only has a value of £80,000 even though I have made significant contributions from my salary each month particularly over the past 10 years. So its a bit soul destroying reading about people retiring age 50 on what I…
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S32 Question
Hi Guys, I had a company pension for 10 years and I did a S32 transfer to Norwich Union now Aviva 23 years ago so a total of 33 years. Now that I am 50 I would like to cash it in before the April deadline so I phoned up Aviva and the initial response was that my pension was locked until 65. :( My question is: Is there any…
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Refund or transfer with <2 years service?
Hello forum! I have recently changed employers and have received a letter from the administrators of my old company's pension scheme asking whether I want to get a refund of my contributions, or transfer the pension to my new company. It appears these are the only options. It was a money purchase scheme, and the value of…