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Pension at 50 - help
I have an entitlement next month at 50 to receive a full pension from a previous employer of £12.5k. There is an option to reduce this to circa £7k with a lump sum of £9 for each £1 of pension given up. It is possible to defer the pension by up to 10years or take at any time during this period. If this route is chosen a…
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taking pension lump sum,continuing to work
I am being made redundant this year and would like to take the 25% lump sum on 3 AVC and money purchase pensions ( I'm 50 ). I'm considering transferring these into a SIPP and taking income drawdown to smooth my future (uncertain) earnings until my final salary schemes start paying when I'm 60 and 65. Lump sum would pay…
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NU stakeholder fund thoughts
Hi... I've been prompted by NU to think about changing the fund my stakeholder lives in from the default 'Stakeholder with profit fund' into the balanced managed lifestyle strategy fund.... Any ideas a) is the current fund any good? b) is the proposed fund any good c) ar e there any other better funds I could use with NU…
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23 and wanting to start a pension, clueless!!
Hi Im looking into starting a pension as ive only just got a stable job where I earn enough to be able to start one, ive been advised to join my works pension scheme which can be taken to any job if I wish to move in the future. Is this the best way forward or am I best starting a private one? Also if I do start a work one…
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opted out of SERPS, can't remember who with
Hello all, I opted out of SERPS about 15 years ago. Now the problem is, way back then, when I was young, wild and uterley stupid I did not pay much attention to boring old financial matters and I can't for the life of me remember which company I did it with. As I now wish to check the performance and costs I obviously need…
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Help reqd on early retirement benefit from old company pension
TIA for any advice on this I want to take early retirement from a company pension scheme whose employment I left 16 years ago I was a member for 12 years At one point we were told there was such a surplus that the company should take an interest free loan from the fund rather than give more to taxman I applied 2 years ago…
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Transfer penalties advice???
I have a pension that I started contributing into about 9 year ago but it was with an old employer so when I stopped working there I also stoppped pension payments. I think i must have stopped paying about 8 year ago. But now I would like to transfer my old pension into my current one. I asked Equitable, who my old pension…
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Transfer of Protected Rights
I am looking to move some £14k of funds (100% protected rights) built up in a contracted-out Norwich Union balanced managed pension fund into another personal pension (a former works money purchase scheme bal £10k) run by Friends Provident, which affords a greater choice of funds with lower charges and free switches. I…
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How to pay multiple Lump Sums with 25% cash withrawal?
I was about to open a SIPP with a lump sum payment and immediately take the 25% cash withdrawal, leaving the remainder to be invested for another three years. I then enquired how this could be repeated in the next three years and was told that was not possible since I couldn't add to an Income Drawdown that was effectively…
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Hybrid SIPP
Sorry for no doubt covering old ground ( but the sticky thread on HL and SIPPS is too long ) The term Hybrid SIPP is often used in replies... Can anyone enlighten me as to, a) How it differs from the usual SIPPS offered by discount brokers b) Where or who can arrange one Thanks
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How much for advice?
Hi I had decided that I wanted to go down the ISA (with unit trusts) route to save for my pension. I have about £130 per month to put into a pension. I had looked at 'doing it myself' but quite frankly I don't have the time, energy, knowledge or courage(!). I think it'd be better for me to get someone to manage it for me.…
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should i remain contracted out or contracted in
with scottish life. I initially had this policy taken out by a company years ago that i used to work for. i do not invest anything in it and have not done so for ages. at the moment believe a little bit more in property investment and just keeping my main national insurance stamps paid regularly until i earn more money.…
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Defer State Pension ?
I've been reading previous posts on here but they all seem a bit different to my case, so I need some advice please ! I can defer my state pension of £67 a week (not enough contributions) but is it best to do this ? I'm divorced and I'll be 60 later on this year, I'll receive a company pension of £5500 (also a lump sum of…
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Stakeholder as a 'present'
Firstly, hello all (newbie here) I have, this week, opened my daughter her first bank account. I have been considering a stakeholder pension for her birthday present next month (she'll be 8) Most I have seen need a minimum payment of £20, then I could annually on her birthday, put £20 in again, until at 18 she takes it…
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Pension Release?!?
can anybody shed some light on whether this is a long term nightmare as im presuming it will be. My parents went to a friends house who have recently recieved a lump sum out of there pension early and are living the supposed dream, holidays in canada new cars etc etc. Parents have totally bought into this and as they are…
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Deed of Assignment
I need to get a deed of assignment in order to transfer a pension I started with my own Company into my name. Is there anywhere I can download one for this use without going through the expense of paying a solicitor which I am very loth to do Any help greatfully accepted
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ethical stakeholder pension
I am 50 years old and want to start a stakeholder pension[contributing about £50-£100 a month]. I am tempted to go for an ethical stakeholder but am concerned that the returns could make me significantly worse off. Are these concerns reasonable? Can anyone recommend one?
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Company pension,Personal pension=No pension??!!
Hi I want to check something out, what if I have company pension,and a personal pension, would I still get anything from the goverment? ( not that thers much chance of that, as I've still got about 30yrs before Im due for retirement) as I was advised by a friend that because I have a Personal ,Pension and a company…
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limited company pension
Hi, I am the only employee of my ltd company, I'm 57. I have a stakeholder pension started when I was paye. I believe that to pay into the pension I must have a salary the same or more than the the amount I wish to pay in to the pension - is this correct? What is the most efficient way of paying into a pension fund in my…
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Pension Fund Question
Hi, I started a new job recently, and have been offered the company pension. On the application form, I am offered the choice of splitting the investment between 3 specified funds, or investing everything in the default fund. The funds I can split between are: * Threadneedle Balanced Pathway 4 * Threadneedle Adventurous…
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