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Take your tax-free pension cash!
Amazingly, half those retiring don't take the 25% of their pension fund payable in cash. This means they lose all the tax relief on their pension. Citywire report Hard to believe isn't it? 25% in many cases will be quite a lot of money. Perhaps they just don't know they can take it in cash? :confused: Young Moneysavers…
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Became self employed
When I worked for a company, I was contracted out with a private pension now worth £ 5700. It stopped being paid into by the DHSS because I became self employed. I am not sure what to do with this now. Any tips appreciated.
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What to do with pension when leaving job!!
Son left his work 6 months ago to travel. He worked for 22 months for the Council. He has asked to withdraw his pension but has not heard anything from his employer yet. He is now back in UK and is thinking of contacting them to find out what is happening to his pension. Is there any other option he can take as I would…
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Pension help?
I have a pension with my work, they pay 5% and I pay 5% each month, done this for 5 years now and hope to with my company for the long future if possible. I am 30 Years old so started at 25 and got 2 years with another company as well running along side. My question is how can I best work out what I will get on loose…
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Where has my serps gone?
I opted out of serps back in 1987, aged 16 and subsequently received intermittent statements from scottish equitable (it was called a reflex pension). I moved jobs in 1990 and again in 1995, at which time I joined my employers stakeholder scheme (ironically with scottish equittable although this changed to norwich union in…
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Annuities - Money Saving Value?
Do the economies of scale enjoyed by the big insurers actually translate into value for money when pension investors purchase their annuities? Let's take a specific example. The average male aged 60 is expected to live to 80 & gets a flat rate annuity of 6% pa based on a £100K pension with no fancy trimmings like minimum…
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Stay at home Mom..../Home-maker
Hi can someone who isn't working pay into a pension scheme at all? Thanks
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pension advice
not sure where to start with this one so any advice would be great... im 38 yrs and have a government pension. my partner is dutch and is 44 - he moved over last june and is working as a chef in a local pub. he has no private pension and i have no idea what he will be entitled to when he reaches retirement age - whether…
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Redundancy & Pensions
Can anyone help me?????? I just need a bit of advice as I'm not very clued up on pensions. :eek: I was made redundant in April after 15 years, in that time I was in the company pension scheme where they paid approx 12% of my salary into the pension. I have the option of leaving it where it is until I retire but would it be…
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Annuities
What factors should i take into account when deciding when to take my annuity
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Lost pension?
I wonder if anyone you help please. My partner has made several attempts to find his 'lost' pension he paid into from 1976 to 1980. He worked for Standard Telephone & Cables, (at a satelite factory)which later became Nortel. They DO have his name but say without his 'works number' they are unable to find any trace of the…
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SIPPs - only if you have a pension of £ 100 K
SIPPs - A friend who works for friends provident mentions that from he understanding at work it is only worthwhile if you have a pension worth £ 100 K already. Is this true?
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Prudential Works Pension ?
Hi just wondered if anyone could help I have personal pension with Prudential which I paid into for just over a year & was wondering about cashing in ? Not sure if possible ? I have have a pension with NHS & Social Care. Appreciate any help Thx
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How to determine max AVC or reduce the mortage.
I'm aware that pension advice is restricted here - but I'm curious as to how I should go about the process of deciding which is best for me. I'm in a company pension scheme for the last 4 years. I'm 40 years old. I contribute 3% the company 7% For the last year I've been maxing my AVC;s. So the monthly outgoings are…
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Transfer to Stakeholder
I opted out many years ago and had a small personal pension running for about 5 years - change of jobs, circumstances left me freezing that pension, ive never looked at it since until today. My current company do not provide a pension any more (used to have a very good final salary pension but us new employees are no…
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Dodgy dealings with a pension?
A friend of mine has a slight problem. She has worked for a small printing firm for about 20 years. Her firm set up an occupational pension scheme in 1988 but did not allow her the opportunity to join until 1999. In February this year she became 60 years old. She has continued working for the company and is not likely to…
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Trivial Pension
My wife is 52 and has a section 32 buyout pension policy dating from 1987 when she last worked. This is her sole pension provision. The fund is worth about £10k. Under current rules, she could buy an annuity now (age >50). After A day I read that this age limit will rise to 55 and that total pension pots less than £15k can…
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which pension then, eh?
Hi all - this looks like a great place to get advice! If anyone could give me a little advice on pensions, on which I am pretty naive, I would be ENORMOUSLY grateful! A quick rundown: I am 28. I joined my new job in a Housing Association a few months back and I need to choose my pension. They have been taking my…
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Newbie to pensions
Hi guys this is a section on the forum i havent been into at all and i am looking into the future I am 22 yrs old and in the middle of becoming debt free which will b before xmas and also in the middle of changing careers and industry for the better and then i will be alot more happier. I am able to open my eyes and look…
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Protected Rights Annuity For Widow
Unfortunately my stepfather has just passed away and I am in the process of helping my mum sort out his estate. He had a Contracted Out Pension Scheme with B&CE (Building Industry Pension Sceme). The value of the pension fund is approx. £5200. My mum has received a letter stating she needs to obtain a "protected rights…
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Most recent: If the Government raises the pension age, is it worth pay for NI missing years now? by eskbanker
14 September at 4:42PM