-
Scot Wid saying S2P/Serps lump sum announced
Received a publication from Scot Widows today saying that the Govt has announced plans to allow up to a quarter of protected rights funds as a tax free lump sum. It does say that the plans have not yet become law but this is the first time I have seen an insurer publish that it is likely to happen. AFAIA, the option was…
-
2Nd Pension/Back up plan?
Hi, Looking for some advice on starting up some kind of investment to back up my company pension. I believe my company pension is fairly good - i pay 4.5%, comapny pays 9% and its a final salary scheme based on one 60th. However i dont believe it will provide for a "comfortable" retirement on its own and dont think there…
-
Company Pension
Hi I have been paying into a pension for the last four years and will be hopefully moving jobs in the new year. Will that pension be transfered or do I only see a fraction of what I paid in given back to me? Thanks James
-
new employer, new pension?
My previous employer was a member of the local government pension scheme. I paid into that for six years. I'm about to defer the benefit (freeze it) instead of transferring it into my new employers pension scheme because I don't like the sound of it. My new employer is a university who has closed their final salary pension…
-
Stakeholder/Personal Pension 2005 update
Norwich Union, Standard Life, L&G and Clerical Medical have said they intend to launch new pension products next year which are not stakeholder compliant. Scottish Widows and AXA are waiting for clarification from the FSA before they announce anything. FP is planning a stakeholder relaunch after the 1.5% cap is introduced.…
-
Selling a pension
I have a pension sharing order and am desperate to get at some if not all of the cash. I am 44 years of age. Is there any way of selling the pension or unlocking the cash
-
Want to start a pension when i'm still young
I'm 16 and am thinking of saving up for a pension. If i give £20 a month until i'm 65 years old thats will be 59 years of saving. But which is the best pension for money? And which ones will do a minimum of £20? A few suggestion on what pensions would be nice.
-
Advice would be great
I am a 27 year old married gal and still have not started a pension because I decided to save for a house and pay off my £4.5k loan/credit card debt first. I have now done this, I have my house (finally) and all I have on my card is £1,900 and it's 0% (Barclaycard - thanks for the tip) :) I do have some savings (ISA) but…
-
GMP
Now heres a con. My Ex Service Pension for 20 years in HM Coastguard is index linked. This year from April I should have got 2.8% BUT As I retired after 1988 my increase notice says . "Your pension has a GMP element so you will receive only part of the full increase." . So I should have got a miserable Pension increase or…
-
Stakeholder AND company pension?
Hi All, I have just started a new job and would welcome some advice. My situation: I left my old job with an existing pension, in which there is around £3,000 of accumulated funds. My new company will not let me join their scheme until I have been here for one year, at which point I can contribute 3% of my salary and they…
-
To take pension at 60 or not that is the question?
I am female aged 59 - intend to work until 65 for sure. Have recently changed from council employee to NHS Trust employee been tupeed over - job remains the same. Therefore now have a dilemma. Do I 1. Transfer council pension into NHS Scheme I have to do this quickly before age 60 next March. 2. Freeze council pension -…
-
NHS Pension and state pension
I am 37 (38 soon) and have paid into the NHS pension scheme since age 17, my question is am I also entitled to the normal state pension at retirement age as well as my NHS supperan or not? Thank you for such a great board ;D
-
State Pension and Income Tax
My wife is due to receive her state pension in January. This will now take her into the income tax breacket as her income will be above the threshold having previously been a non-taxpayer. Approximately, how much tax will be deducted from her pension?
-
State Pension - opt in or opt out
Upon starting my pension I was advised to opt out of the state pension, which I did. However I read this article: http://observer.guardian.co.uk/cash/story/0,6903,1339492,00.html To summarise, this article puts a question mark over the advice pension companies issued when they said opting out of the state pension was the…
-
annuitiies
I am a pensioner aged 66, and must now convert my personal pension fund, a little one worth about £ 33,000 to a compulsory annuity. The fund was started in 1983/84 when I was resident in UK. I am now resident in Spain. At present, the best annuity I can find, ( the Pru), pays about 6% for myself and my wife as a joint for…
-
TV Programme Looking For Pension People
The following is from the tonight with Trevor Mac Programme Do you have a Sainsburys final salary/ defined benefit pension? Or is your pension with WH Smith, Marks & Spencer or British Airways? Or do you have a public sector pension perhaps with the NHS? or maybe you have a private pension that you bought off the…
-
Pension: Stay or Move
I have recently left my previous employer of 7 years and as such need to make a decision concerning my pension. Until my departure I had been paying into the companies group personal pension scheme with Norwich Union (With-Profits). I have now received a letter from Norwich Union stating my options. 1. "Your benefits could…
-
are pensions really worth it?
i have money saved in various ways, i have a cash isa, an equity isa, a fixed rate bond, money in an ing direct savings account and i'm about to open a regular saving account with abbey but anyone who knows anything about money reccomends starting a pension (i'm 28, female, single and rent). i would much rather put my…
-
good site to check on fund prices
Hi, not sure if this has been posted before, its a good site to keep tabs on the unit prices for funds (inc pension funds) and gives nice annualised graphs and other info: http://www.fundprices-sp.com/
-
Scot Am or Pru
As a person with a pension product with Scot Am now the Prudential and due to retire in about 10 years, should I be concerned about the press reports that say that "the is Pru struggling", is it time to be moving to a safer haven?? ???