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Company pension ,skint and need moneynow
??? My wife has two company pensions from previous employers both worth about £8,000 each but she no longer works and spends all day eating sweets or looking after the children as she calls it. Can anybody tell me if we can cash in these pensions or convert them into anyhting that we can use now as we are not in the bset…
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Three Different Pensions
My husband is 60 this month and will be drawing three small pensions. Each company have advised him of the amount and that they will tax him on an emergency tax code month1. Is it possible to visit our local Inland Revenue Office to ask them to sort it out as there are three diffent tax offices involved, or does he have to…
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End of ‘Basis Years’
At the moment a pension contribution can be paid to a personal pension based on the earnings in the current tax year or any one of the previous five years (provided the earnings used are net relevant earnings). This effectively means that a contribution paid today could be more than 100% of the current earnings (especially…
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First pension(no company schemes)
I'm 23 and currently working full-time within the computing industry in Scotland. The problem is I have no pension and my employer doesn’t provide any option for this. I have just bought my first property (needed to move closer to work) so I’m up too my eyes at the moment, plus I will start paying back my student loans…
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NHS Pension Scheme
Hi, I've been in the NHS on and off (a bank worker) for just under 2 years. I've been paying into the NHS pension scheme since I started. Is it worth me sticking with it, or changing to another pension, and if so, how can I find out which is best for me. I have an option to stay in the NHS scheme and add to my own AVC or…
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Number of different pension plans
I have a number of different Personal Pension Plans than I have accumulated over the years by moving from job to job. The thing is I have stopped contributing to them and I am unhappy with there performance. I was thinking of consolidating them into one pension plan, and could really use your advice. Can you help me please?
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Pension and fund choice
My first post so be gentle ! I'm 36yrs old and have a Scottish Equitable "Reflex" personal pension which I've had for approx 13yrs. I currently also have a 3yr old work related Standard Life stakeholder pension and have been contracted out of SERPS with another Standard Life product for about 15Yrs. My questions are:…
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National Insurance contributions
Hi, I may be being made redundant soon and I have been told to fill out a form to make sure that my NI contributions are made (if it happens). I cannot claim Job seekers allowance during my 5 weeks notice period. Does anybody know if there is an allowable gap in NI contributions. 5 years ago I was made redundant and I…
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Contract In or Contract Out?
Hi guys I have a personal pension set up with Norwich Union (was CGU) by a former employer. As all of the companies I have worked for don't contribute anything :( I pay approx £100 a month in for the past 8 years. At the time my financial adviser advised us to contract OUT of what was SERPS then. I received a letter from…
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Pension cash in
hi, when i was 17 i started a private pension at a later date i was advised that my company pension was a much better option for me, so i suspended the private one and joined co pension, had a letter other day about private one giving figures of what fund is at and transfer value, wondered is there any way i can cash in…
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Where's the best place to invest my pension
Hi, I'm due to seceive my State Pension & also my NHS pension next month. As I am still employed & do not intend to retire for a while, I was thinking of putting these into some sort of savings account. I think I'll have around £250 (maybe more) per month to invest. I would like an instant access account. I'm not keen on…
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1st Pension
Hi, I am an apprentice spark, therefore i have a full time job with a devent weekly wage. I am with the Halifax bank, and currently have no pension plan set up. What I am wondering is how to go about setting one up. I haven't really got a clue, and wouldn't mind the basics being explained. Or even how pensions actually…
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taxing state pension
I am thinking of pettioning Gordon Brown to 'ring fence' the state pension from being included in any calculations for tax assessment. After having already paid tax all those working years why should those of us prepared to work as I do pt. time have the benefits of earning extra swallowed up by the inclusion of the state…
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Start a pension for my son
Please advise me, my 25yrs old does not want to know anything about saving for his pension. He is giving up his job from the government and withdrew his pension as he is just under 2 yrs of service. I would like to help him by starting may be a stakeholder pension. I cannot afford a lot may be £50 - 100, and that will give…
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three pensions, only one 'live' at the moment
Hi there Wonder any of you can help. I have three pensions schemes in my 'bag' at the moment. Initially, I had a personal pension with Royal and Sun Alliance, which I payed into for a period of five years (although small amounts, it's doing OK). I have stopped paying into it because it is not a stakeholder policy and it's…
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Why should I start a pension?
I'm 35 and am in 2 minds about staring a private pension. I have had doubts about how safe my contributions would be well before all the recent pension scandals and would like to see if anyone can persuade me that it would be a good idea to get one started. I am aware of the 22% contribution made by the government and also…
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Get around the £30,000 salary rule.
Anyone from birth to age 75 can put £3,600 into a pension irrespective of earnings, except where the only source of earnings relates to employment or related employment where the individual is a member of an occupational scheme AND has eatings in excess of £30,000 p.a. If another soure of earned income existes then the…
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Pension Transfer, Advice Needed
My girlfriend has just changed jobs and after contributing for about 18 months to her previous employers scheme (one of the rare final-salary based schemes) she has the option of either receiving a cheque for the amount (about £2k) or transfering into a new pension. Her new employer has no pension scheme and she's asked me…
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Transferring Personal Pension into company Pension
I'm wanting to transfer my 'frozen' personel pension into a company final salary pension scheme. My private pension scheme from 'Pearl' looses approx 35% from the current fund value to the transfer value :'( . Is this normal to loose so much & would it still be worthwhile transferring the fund into the company scheme or…
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Bit of a pension mess
Hi i'm in a bit of a mess with my pension status and could do with a bit of advise etc. Ok when I was 18 I took out a pension with Legal and General and opted out of serps, aprox two years later and I find myself out of work for six or so months at which point the maximun amount of my earning I was alllowed to pay into a…