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Pensions - what should I do?
I'm 29 years old. I have been with my current employer for 2 years and am in their pension scheme. I currently earn £25,000 a year. My employer currently pays £27.40 per week into my pension scheme, I pay nothing. I have got a statement off them today which estimates that by retirement age of 65 I will have £102,000 in the…
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Pension query
I will be 60 during October and entitled to receive my state pension. I will continue to work part-time and pay the necessary level of tax. The Pensions service have sent many forms, one about claiming extra benefits, which I have been advised to fill in, although I'm quite sure I would not be entitled. Through the years I…
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Seeking Advice
Hello, I'm sorry if I'm asking for advice in the wrong place, but I'm not sure who to ask. I understand that I will probably have to ask a financial advisor but they are terribly expensive and I'm sure there's an awful lot of brainpower and experience in these forums! I have been working for my company since May, 2003 and…
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Pension Contributions - Not working
Hi. Does anyone know if you are allowed to put money in a personal pension plan under a group scheme if you are not working? I am a full time mother and not going to be able to return to work anytime soon but I would like to add to my pension. Thanks in advance for your replies.
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Advice on pensions please
Hi Feel like I'm in a bit of a mine field at the mo so any advice would be grately appreciated. Current salary £42,000 Company run a non contributory pension scheme in which the will pay 3% of my monthly salary each month into any nominated pension scheme. I have not took advantage of this so there is 18 months of…
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AVCs
Hi, I'm new to the Forum so please forgive me if this has already been raised. I'm a 49 year old university lecturer and have been paying AVCs as part of the Pru's scheme to the maximum allowed (9%, or about £250 a month) for about 7 years. I've been told by friends that I'm wasting my money. Anyone have any concrete…
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What pension - arrrr
I have recently started contracting as an IT consultant & previously I have had several jobs where I paid into a company pension. As I am now contracting I need to sort out a pension for myself, but am completely lost as to what types are available and what would be the best one for me. Is there anywhere i can read about…
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Transferring pension - advice please?
I have been informed by my pension provider [Scottish Equitable] that I cannot release a cash sum from my Group Personal Pension, but looks as though I can only transfer it to another pension provider. Is this correct, and is there any way I can "unlock" this money? or transfer it to another compnay where I can release the…
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Sipp contributions /Tax relief after "A" day
I understand after A Day the limit on % of earnings is abolished and an amount up to total annual annual earnings can be invested in a SIPP. Am I correct in assuming that a higher rate taxpayer would only get higher rate relief on the portion that originally attracted higher rate tax at earnings or would higher rate…
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AVC Contributitions - which prudential funds
Hi I'm going to start making some AVCs to my occupational "local government" pension with Prudential, however I'm not sure which of their many funds I should be putting my money into. I'm 27 at the minute so its going to be a long term investment. I had thought about splitting my money between their relatively new "long…
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the M&S stakeholder (again!)
Hi everyone, I did post about this some months ago, and the months have passed so quickly............ ;) I did plan to do some thing (what? - not sure) about this pension but haven't. I tried to seek financial advice from Liverpool Victoria on a couple of occasions but no-one ever got back to me.... It really doesn't take…
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starting a pension at 53 and taking it at 60
I have enough funds in my business account to put away £100,000 in the next 7 years. Is this realistic or will it not have any time to generate anything. Taking it out of the business as drawings just attracts 40% tax.
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Disability Pension
Hi I have been awarded £40 per week disability for Asthma and a difficulty walking very far. I understand that this is reviewed every 3 years. As I am now 60 my question is. Does this review go on for the rest of my life, or just to a certain age, as my concern is as my State pension is not that good, I might start to rely…
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stakeholder transfer
How do you transfer an identical stakeholder to a stakeholder done via a discount broker can anyone help
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Stanard Life NAME/Transfer
I took out a Stanardlife stakeholder pension,for my daughter a few years ago,as she was under 16. I am first named on the pension and she is second,what i would like to know is if I ask Standardlife to take my name off,(she is 18) now. Will this affect any windfall bonus/free share when they turn PLC.
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Flexible Benefits
The company i work for is bringing in a thing called "flexible benefits" The key points are as follows* Stop paying your normal pension contributions * Reduce basic salary equal to the pension contribution * Company will meet the full cost of pension contributions So i and the company make less National Insurance…
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StakeHolder pension charges
Hi all I have read Martins article about trying to effectively re-pension to try and reduce the annual charges. I thought I was being charged 1% per year of my pension value and that I may be able to reduce this down to 0.6% per year. I didn't know the government cap on charges had been increased from 1 to 1.5% so I…
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state pension help
hi my mother is selling her home and going in to sheltered houseing she will have 2 pay for her houseing costs due 2 her selling her home but will she still get her statepension when she sells her home shell get over £170.000 for her home help please
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Pearl Pension - What to do
OK this is my first post so please bare with me. I have been checking my general finances and am now studying my pension. I took out my pension on 5/2/98 when I started working and have paid in £30 a month since. With an optimistic retirement age of 50. After reading some old threads regarding Pearl on this site,I thought…
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Who to go to for advice and what recommendations on my current pension position
Hello, I am 32 years old and I have three pensions which I would like advice on. If anyone can advise on a company that I could visit to do this I would be grateful. If anyone here is happy to offer their opinions/advice I would also be grateful. Here are the details on my Pensions. Abbey Stakeholder Pension Started :2003…