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please help complete ignoramous!!!!
evening all hope you can help me with this one i've just been invited to join the work's pension scheme, and i dont know what to do. im a student, and although the job is my main source of income, it is only a part time job. i forsee me working there for the remaining three years of my degree, but per annum, i am only…
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Pension Advice?
Hi, Please could you give me some advice.I Have paid £1,774 into a personal pension which is not due for another 35 years(I am 30 yrs old now). I would like to know is there anyway I could get this money out of the pension which I have frozen 3 years ago,even if I had to forfeit a chunk of the money? I would like to get…
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stakeholder - cash in?
Some years ago (I was a bit 'green' to all this then) I bought (was sold) a stakeholder pension with Legal and General. I'm paying something like £130 a month into it at the moment and the payment increases every 12 months. Having looked through the paperwork, I'm locked into this until I retire. Thing is, I could really…
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Final Salary Options
Thanks to those who confirmed the rather sad news on my early retirement quote. I now have to decide whether to keep the funds where they are or potentially move them to the SIPP where my last pension is invested . Briefly I am 52,stopped work to help with my disabled wife and had planned to draw all my pensions post A…
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bill
My wife (D.O.B 22/8/47) stopped working 2 1/2 years ago. She does not claim any benefits at all and she pays about £90 quarterly national insurance for her state pension. She recieves a firms pension of £189 monthly and has £13500 in an ISA from which she is taking £250 monthly to live on. (This is roughly what her…
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Saving for Retirement-Capital but no Income
No longer wish to disclose personal information
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Norwich Union Advice
My wife has a personal pension with Norwich Union it is invested in the With Profits Fund Series 2, which turned in a 4% return last year. The charges are 0.7% monthly. She has about 9 years to retirement, is this a good fund to remain in or could she do better. Thank you.
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IFA Charges - Where do I stand ?
I was considering taking out a SIPP, as my company doesnt run a company pension scheme but contribute to a private pension. Therefore, I walked into a local IFA and arranged an appointment and spent 2 appointments discussing my options. When I asked if some of the IFA's commission could be rebated into my scheme the IFA…
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Calculating the effect of inflation
Is there a quick or easy way of calculating the effect of inflation over a set period on a given sum? For example, if I have today an amount of £10k to invest in a savings account at a fixed rate of interest for a set amount of years I can use a compound interest calculator to find out what that sum would grow to by the…
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Standard Life Free Standing AVC Plan
I've just received my yearly statement for the above policy which was meant to top up my pension fund. Its appalling and I would have been better putting the money into the Building Society. Does anyone know the best way forward? I have no intention of increasing my monthly payments. Can I freeze it or draw it? I seem…
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Pensions and moving abroad
This is an area I've been wondering about during the course of this year. I have been paying into a stakeholder pension for the last three or four years now (am nearly 24) and want to know whether this money is lost should I move to another country outside the EU - that country being Australia. Aside from Mr Shilling - can…
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Early Pension Release.
Iam going through the process of early release of my company pension. I am doing this as ifeel that as it will only be worth about £2000pa in 2008 when I'm 65 any Pension Credit I might be entitled to would be wiped out by the Pension. Am I right in thinking this? :confused: :confused:
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lol: Transferring my final salary pension
First time I have asked question so if this sounds stupid, I am sorry!! I am 48 years woman, working part time. I have nine years final salary pension plus AVC with Merryl Lynch frozen with previous employer. I am now working for local government in their final salary scheme. Want to pay extra as obviously part time…
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AVC or Stakeholder
I work part-time for local government, they offer various Standard Life AVCs, however, are Stakeholders similar products? I wonder if it is better to not have everything with my company in case I want to change jobs also would I buy an annuity with either at retirement and am I wrong, or are Stakeholders being phased out…
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Mistakenly transferred army pension
Hi, I could do with some advice, I transferred my army pension to a clerical medical pension plan - the IFA verbally told me that the army pension grew no more than 2% p.a. - he went on to state that clerical medical could grow 5% + p.a. Stupidly I went ahead and transferred the pension - I now discover that 1% management…
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Should I stay or should I go now......
Hello all currently I am in company pension in which I have been since I started in September 2001. However as of last november I turned 23, and just lately I have been thinking whether to pull out. I am currently paying in 10% of my final salary each month....which worked out at £107.61. The good thing is that the company…
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Can I just save myself for a Pension?
I've always been a bit wary of pensions. For a start, I have little knowledge of them. I didn't take the opertunity to take the company pension when it was offered. Can i just save money every month in ISA's / Saving? I did some sums, and if I religously saved £50 a month until I was 60 (I'm almost 30) I'd have £173,698.77…
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Stakeholder Pension with external funds
Which Stakeholder Pension offer a good range of external funds? Don't want to consider SIPP though.
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Stakeholder Pensions - Death benefits after retirement?
If you take out an SHP, what happens if you die after retiring, i.e., once you've used your fund to buy an annuity and you've started drawing the pension? Does your widow/widower automatically get that pension? :confused: Many thanks, Jim
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Can anyone recommend a stakeholder - we want to transfer?
Hi, my husband is self employed and has a stakeholder pension with M&S. It has not performed that well and he has lost confidence in it a bit. :confused: He would like to transfer it to another scheme, but we don't know how to go about judging which is a good one? We thought if we stuck to one of the well known financial…