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Split Pension with Wife - Possible?
Hi I am 42 and will have currently about 600K in a SIPP. My Wife will end up with a final salary pension of 30/80th of around 35K - say 13K pa in todays money. She is 43. My SIPP should grow to around 1650K @ age 55, assuming 1K/month employer contributions and 7% PA Growth. It may be much more if my employer is able to…
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Pension Fund tool
Good afternoon, I have a number of pension pots and would like to keep more of an eye on them. Does anybody know of a tool, where I can track them all? Thanks
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what happens if a pension fund goes bust?
Just had a reassuring ;) letter from the BT pension fund telling me they are not going to go bust :rotfl: But it got me thinking - if a Pension fund does go bust are there any safeguards a) for those already in receipt of a pension b) those who have contributed but below pension age
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assurance vie
does anyone know if a portfolio of uk funds/shares can be held in an assurance vie.
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Frozen Company Pension
Hi everyone My DW has a frozen company pension. She is now a member of another company pension, but they do not allow transfers in. Would she be best to leave this frozen fund as is, or can she perhaps open a stakeholder plan with it? Many thanks.
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Which of my 2 pensions should I pay extra into?
Hi there, I have a Scottish Widows pension as well as a company pension. I want to increase the amount I pay in each month but don't know which one to pick. Is there any advantages in one over the other, such as tax etc? Many thanks in advance, Simon.
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NHS pension v Civil Service Nuvos pension
I have job interviews with two employers in the public sector, one of which offers the current NHS pension scheme, while the other offers the Civil Service Nuvos pension. The basic salary and all other benefits are very similar. I am very nearly 43 years old. I was wondering, if I were offered jobs by both at the identical…
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Final Salary Transfer out ?
Hi I appreciate some feedback on some questions I have regarding my ex companys offer to transfer out of their final salary pension scheme. I have preserved pension payable in 13 years time of £6.4 k per annum in today's money. This will be increased by RPI or 5% max when in payment with a 5 year guarantee payment to…
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Local government pension scheme
I HAVE BEEN PAYING FOR ROUGHLY ABOUT TEN YEARS INTO THE LOCAL GOVERNMENT PENSION SCHEME THROUGH MY LAST TWO EMPLOYERS. THE PENSION WAS FROZEN WHEN I WAS SACKED AND TWO YEARS LATER I NOW NEED THE MONEY. IS THERE ANYWAY I CAN GET HOLD OF THE MONEY OR WHAT IS THE BEST OPTION TO GET TO THE MONEY, EVEN IF I HAVE TO START MY OWN…
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Urgent Pension/Redundancy Advice Please?
I am soon to be made redundant. I originally thought of waiting till 55 to take my pension, but the company say it really wouldn't increase significantly. I'm also hearing that the tax laws may change over the next 5 years and make things much tighter so best take the money and run while the going's good. Any thoughts or…
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Standard Life funds/pensions performance
Hi Can anyone help, I have a stakeholder pension with Standard Life, arranged as part of the NHS pensions plan, I have been in this for a few years and can see the value of my pension but cant work out how the various funds are doing- overall the pension fund is increasing in value but I have 3 funds invested in but I cant…
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pention vs savings please help
im 23 in October and I went to see a financial advisor a while ago. He mentioned I should have a pention by now. I have decided agains my employer pention. I have been looking at pentions and such as the virgin pention. I wondered if i could have your advise. If i open a pention i will get charged and there is a chance my…
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help - TUPE and pension on redundency
hi all - can someone help - ive worked for a local authority from 14 years but my department is to be outsourced from 1.2.10 and i am therefore currently under tupe it is generally felt that we will all be made redundant on 1.2.10 i am 52 years old and as the redundancy is prior to 31.3.10 will i be able to have my pension…
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What to do with with £133,000
I'm a public service worker and shortly to retire aged 49. I will receive a pension of £21,000 per year assuming I also take the maximum commutation of £133,000 tax free. If I don't commute the my pension will be £28,000.* I would like to use the commutation to provide a monthly income * I'm also interested in being able…
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SIPP question for 2009/10
I am looking at starting a SIPP with Hargreaves Lansdown during this tax year (2009/10). It would be my first pension step. I am not ready to invest at present (still reading around), but I dont what to lose my tax relief. Is it possible to transfer a lump sum (£12k) into a SIPP to claim my 20% relief and then invest in…
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How is it possible to get to the maximum 72% tax relief?
My wife and I are both basic rate tax payers, we have one child, claim tax credits and make pension contributions, is our maximum relief 59% ( 20% + 39%) and is it possible for us to get to the theoretical maximum of 72%? Thanks.
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pensions in marriage when one partner does not want to save
I am married and would like to start saving for my future via a pension and other savings, but my husband has no interest in doing so ( He is in his forties). This causes many problems in the future if were to stay together at pensionable age, but from what I understand causes even bigger problems if we divorce. The latter…
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Getting pention from divorce can I take it as it's cash equivelant instead?
I'm coming to the final stages of my divorce now, it's all gone smoothly and without any problems from me ex at all which is good. The only issue I have now is that although I'm entitled to about £3,500 of his pension which is half what we put into it while together (we worked it all out as a percentage of the total that…
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Pension help?
Hello - I posted this on the motley fool site but also know there is good advice to be had here. Please see the message below: Hi all, Firstly, profuse apologies if this has been discussed to death!! I found a dust-covered Motley Fool UK Investment Guide at the bottom of my bed which I got halfway through several years…
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Major pension commission rip-off alleged
The Mail reports that insurers are colluding with some advisors to charge massive commissions on new pension contracts in the run-up to the ban on commissions to be imposed by the FSA in 2012. If true, this is a major rip-off .The denial from the companies mentioned is not very convincing.:(…