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Can I transfer my Pension funds and buy a house?
What's the latest news on this idea?
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Pension Lump Sum
I am resident in France and my company pension will be payable from February when I'll be 50. I have the option of giving up all or part of the lump sum in exchange for a higher pension. The figures I have been given (though not yet in writing) are that for each £1,000 of lump sum I give up I would receive 3/80ths of that…
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Happy xmas to all reading this board!
I am going to try and stay awake all night tonight to see if I can spot Santa coming down our chimney! Hopefully he will be carrying the FAQ thread that I requested to replace the one that was so cruelly thrown away by Martin a few months ago. :( Unfortunately Mrs Pal has said that Santa is not real, and only Martin can…
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Free Annuities Guide
Just a note - The Annuity Bureau does a good guide to annuities which is free. They're a very reputable specialist IFA - one of the big two annuity companies (the other being Annuity Direct). If you want the free guide, call them on 0845 602 6263 martin
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self employed - do I need a pension
just become SE (and also ltd) do I need to spend some of my company profits on a pension? Is it worth it over 5 years or 10 years?
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Stakeholder cash back
May have got this wrong but please somebody let me know. I have been told that the rules for shp change in 2006 which basically suggest that if your pension fund is less than £15k then you can withdraw the fund completely. My logic then is that if you invest £3800 for 2004, 5 and 6, then the Govt will top this up. At end…
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Trivial Commutations/Catch 22?
Hi to any pension expert out there 1. A pension fund with less than 1% of lifteime limit will be available as cash (1% being £15,000). Therefore willl a person with a £30,000 fund and mothing else be able to take half as cash? or does going £1 over the 1% immediately restirict any fund to 25% TFC) 2. What does a person do…
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Pension should I or not? Help
Hi, I am on disability and always will be, my money gets topped up by income support as well. Lately I have been dithering with the idea of getting a pension but friends have told me there's no point as the government will always pay me disability on top of any state pension. I don't know if this is true and trying to ask…
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Pensions - should I? Advice welcome...
I'm 31 with no pension. I just can't bring myself to contribute to a pension scheme that means I have to buy an annuity with 75% of it (unless I have a sex change and start smoking at 65 in which case it starts looking like good value). I like the idea of being in control of my money and this doesn't do it - despite the…
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Pension atheist
This is my first post folks, so please be gentle with me Is there any way, once you have started a pension, that you can 'get out of it'? I have a SSAS, and I swear I wont live long enough to benefit from it as my blood pressure goes through the roof every time I hear the word 'pension'. I am absolutely sick and tired of…
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Pre Royal Assent
There is a lot of advice re; contracting back in, or staying out. Also there are lot's of references to the 1989 Royal Assent, which means nothing to me. So I am 52 £36K p.a., I have been paying 10% SPREAD into 2 personal private pension plans since Sept 88, NU and AXA. The NU gets my S2P rebate. The NU has written to me,…
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Switch or Stay?
I've got 20 years till retirement and currently have a personal pension with Scottish Widows. I no longer contribute apart from serps payments. Been advised by an IFA to switch to Scottish Life as they would enhance the transfer-in payment by 15%. On the face of it, seems like money for nothing. Good idea or too good to be…
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Civil service pension
I left the civil service 3 years ago with a pension deferred until I`m 60. If the government change the retirement age to 65 will this affect me? Also,my new job has a retirement age of 65.Would I get the civil service pension and my salary for 60 to 65? Thanks for any replies.
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NI contributions shortfall
Folks, This year, the Inland Revenue have written to me twice, informing me that I have a shortfall in my National Insurance contributions in the financial years 2000-1, 1-2 and 2-3. During this period I was a PhD student, and so was doing very little paid employment -- before that I was doing my first degree. The total…
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Do I HAVE to take an Annuity?
I am shortly retiring and have received a letter from my privete pension people. It looks as if I can't take the whole sum in one lump (which I really need to do). It is a very small amount of money as I started it far too late in life and paid in far too little (lacked the good advice of this site in those days!). Any…
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Pensions 'v' other savings
I am a little dubious about pensions given the bad press they have been getting recently. My feeling is that not only do I not know what my own situation will be in 35 years time, but I also don't know what pensions are going to 'look' like. I can't see the current model being sustained forever and am worried that any…
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Moving Pension - Is Scotish Widows a good choice?
Hi All I have an old style pension (taken out in 1988) with Lincoln National and it makes sense to move that to Stakeholder pension where I will incur less costs and hopefully move to funds that are performing better. I have been recommended to move to Scottish Widows , does anyone have any views on this Company. I am 38…
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Working out pension value
Hi, Does anyone know a website which will help me work out my pension value in the future and what it be in real terms (i.e assuming some inflation). ??? I am 28 and have around £9000 in a personal pension from my previous job where they didn't have a works scheme. I am currently in a work pension scheme where I pay 5% a…
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ADVICE REGARDING OLD PENSION NEEDED
In my younger days, I had a company pension for about 3 years. This was frozen when I left the company, and to be honest I had forgotten about it. I am now looking at all my options, and am looking for some help from fellow mse......Am I entitled to take the money and invest it in my current pension?
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New starter NHS pension - tax and benefits
Hello. I'm about to start working for the NHS, and I'm wondering whether I should opt in or out of the NHS pension scheme. At the moment, I think I'll probably opt out of it - because I'm in private rented accommodation, and have huge credit card debts, and I think I'll probably be better off in the long run trying to…