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No idea!!
Hi all, Before I start I'll apologise for coming across as a complete numpty, I have no knowledge whatsoever of pensions. I'm 34 now and currently have two pensions, a with profits pension with Royal London that I started in 95 and only paid into for 3 years. I was then told it was no good so I was advised to change, it…
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Pension and redundancy
Hi Just a bit of advice needed, I am due to be made redundant. I am 42 and have had a pension running with my employer for about 6 years. I understand I may have the following options, transfer my pension to a new employer, or leave the pension with the company until I reach pension age. Is there an option to have them pay…
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Pension Payout Advice Please!
Hello, My mum has recently lost her husband and is now trying to deal with the paperwork etc. My step-dad had a pension and she has now been given the following options: 1. Lump sum payout £14800 2. Monthly payout £61 per month 3. Lump sum payout £7k + £30 per month I think the large lump sum payout attracts a tax payment…
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Expat Tax.
If i moved abroad would i have to pay UK income tax on a UK company pension ?
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medical retirement
hi i was a civil servant for the driving standards agency i joined in april 1989 i then had a accident on test (ndustrial accident) and was medically retired in march 1997 i have received a pension ever since then but i rejoined the dsa in february 2005 was told that because of the time lapse 97-05 the pension would still…
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Aviva Stakeholder Pensions
I'm currently paying into an Aviva stakeholder pension via my employer, my employer also makes a contribution. I'm 30 years old and currently invested in the stakeholder with profits fund. I cant see this fund making a decent return over the next 30-35 years. Should I be looking to move to a different fund or stick with…
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Selling my pension
Hi, Many years ago I remember something about being able to sell your pension to some financial institution - at a huge loss of course - but whoever I ask today seems to know nothing about it. Does anyone remember if you could ever do this and now can't? Or any other way to get rid of a pension I will never collect?…
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Pension Wind Up
I have received a notification of a pension I have is winding up. I have contacted a IFA, I've used previously but am waiting for him to return my call. These are my options, I'm hoping that someone can confirm that I understand them correctly. Option 1: Trustee Transfer Plan Am I right in thinking that when the money is…
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State Pension Help.
Hi all, I am looking for a bit of help. My Husband is coming up to the start of his State Pension. Over the years he has missed paying some N/I contributions and we can't afford to make them up. He has been told his Pension will be £90.00 a week and when I rang and asked about a married persons pension they said they no…
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NI contributions,help
can anyone help am totally confused(doesnt take much)I took early medical retirement and now receive medical pension and a small ammount of INCAPACITY,my problem is,with the stated income,is my "stamp" being paid toward my state pension,which I believe will come into play when I am 62???:confused:
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How do I cash in my pension?
Hi - great site. I used to contribute to a pension with a former employer but left several years ago. The money is still just sitting there doing nothing and I occasionally get a statement from Norwich Union telling me what the level of savings is. Money has been tight this year and I deserve a holiday! There's only a…
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Taking a pension early
I paid into a final salary pension in a previous job which I've now left and when I got the annual statement, I found something in the small print about being able to take it early on the basis of ill health. (I left there because I was ill and am still ill.) I phoned up the fund manager to ask about it and the person I…
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State Pension entitlement for Irish citizen
Hello all, I am from the Republic of Ireland but have been living, working and paying tax in the UK for the past 5 years. I don't see myself moving back to Ireland as there are very little job opportunities for people in my line of business. As I understand it, because I've been paying tax here in the UK for 5 years, and…
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Performance
Hi, I've been looking at the performance of a pension fund since 2004 and it only seems to have managed 4% p/a (not weighted for later higher payments so will be a bit higher, will work it out later) invested in a mixture of equity funds in a GPP with Standard life. Just want to know if this is bad/average in the time…
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Private Pension Query
Hello all, In February, I started working for a new company and was lucky enough to be eligible to join their final salary pension scheme. I'm 32 years old, so hopefully this means that by the time I retire, I'll be on a decent enough pension. However, I have a tendency to be cautious when it comes to money (who isn't…
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Rental income and pension contributions
My wife's main source of income will soon be rental income. Can she use part of this income to pay into her SIPP and thus reduce her taxable income?
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Pension advice for a 31 year old...
Hello, I have recently started a new job and I am looking to join the companies pension scheme. I have been in a stakeholder’s scheme in my last two companies, last time moving the money along as a much higher value than cashing it in. I am waiting to find out how much is in the pot so far to do the same this time around.…
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can i start a childs pension?
i have two kids, aged 10 and 8. i would like to see if i can help them with a small pension pot for when they retire, by using the compound trickery of time, which they hopefully have lots of. basically i was hoping to dump a few thousand pounds into some form of "pension/tracker" that sits there accruing value up till…
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Pensions - is it better to transfer old into a new one - or do you lose out?
Hello all Just wondering if it is better for me to transfer two old pensions (Local Authorities x 2 ) into my new one (NHS). I have requested transfer details and received a cash releasing lump sum as a quote from both old LA pensions. However I have no idea if these are good quotes or not - how do I tell? Or is it just…
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Going to work in UAE - urgent pension advice needed!
Hi, Thanks for looking. I have a new job in the UAE starting at the beginning of October. I currently have a NUVOS pension but for less than 2 years (thought a new contract might arise but unfortunately not, ho hum). My options are a cash refund of my contributions minus tax with my employers contributions lost, or…