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Use of old pension or brand new one?
Hi I am currently self employed (no pension) and looking to reduce my higher rate tax liability for this year (and invest some money) and understand that making a pension contribution is about the best way to do this. (?) Any other ideas are welcomed. If I choose to make a pension payment, I can either set up a brand new…
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Post Office Pension
Phoned up Royal mail pensions:- I have just gone over by a few days a two year time limit to opt out (and have previous payments refunded to me) of a post office pension. Is there any way i can get the payments returned to me? I did write a letter to them about 3 months ago asking to opt out, but it either wasn't received…
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Extra Pensions
Hi I currently paying into a company pension with seven trent water, currently paying in 6% of my salary about £100 per month which they then add to, this will give me a pension of around £13,000 when i reach 65 plus a state pension of about £5100.00, I also purchase shares through the companys save as you earn system at…
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Dads pension question
Hi there I have power of attorney over my dads affairs due to his suffering a major stroke and being unable to speak, im only 29 and know nothing about pensions at all - i would really appreciate if somebody could help to answer this straightforward pension question for me as i dont want to go straight to paying an IFA for…
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Pensions, am I being foolish?
I could do with a bit of advise. The facts, I am 33 and do not have a pension. I currently set aside £250 a month into a savings account attached to my offset mortgage. There is approx 8K in the pot, but I feel I am missing out. It has always been my intention to use the money to invest in property, by buying, renovating…
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Misselling of "long term care" bonds
Guardian Ombudsman finds in favour of a pensioner who was sold a bond which she was told would pay the costs of long-term care.
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Transfer out of company f/s scheme?
The FT has a useful article explaining the pros and cons.
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Buy-back years?
I am in a Local Government pension scheme and have been for about 12 years. I heard about the possibility of buying back earlier years in the pension, before I started work. As I didn't start my career until 29 years old I wondered whether this would be a cost effective route to take. As the scheme is still a good one I…
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Reviewing an 'old' pension fund
In 1989, I worked for small company. The managing director’s husband worked for a very prominent (I think still) firm of actuaries. Via this firm, a scheme to was set up whereby employees of the firm I worked for could ‘opt out of SERPS’ (as it was called at the time) and that the money would be invested in this fund. The…
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Sacrificing some of my Pension Asset
Hi One of my previous employers is closing the pension I was in has given me 3 choices; a) Cash in the scheme but lose about 15% of the fund b) Transfer the fund to my current employer with the same lose 15% c) Do nothing and it will be transporting automatically into a different product Now I was only in this scheme for…
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What is an annuity?
This might seem a stupid question. What is an annuity defined as? This particular one was paid for by AVCs linked to an Occupational Pension Scheme. (Not worth it, imho). Is it an occupational pension? A personal pension? Or something else? Just curious as it doesn't seem to fit into any of the boxes! Thanks!
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Pension projection
Hi, In the Observer money section today it said that a 26 year old who starts to pay in £75 p/m to a SHP can expect to get an annual pension of £8,000+. I started my pension last January when I had just turned 27 and I'm paying 100 p/m it says that my pension will only be £4,000 pa - how does that work?
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please can anyone help with pension advise
I must admit I don’t know anything about pensions; I am 44 and left BT 15 years ago when I had my first child. I had worked for them for 13 years. Today I received a letter from accenture, and from what I can make out it could have trouble paying out pensions in the long term. Would anyone be able to advise me if I should…
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Pension Advice
Hello, I had a pension with Norwich Union. I stopped paying into it but the fund at the moment is worth approx £16,000 . I have also a Pension with my company.But don't pay any extra into it. The company Pension Statements are saying that when I retire it will only be worth approx £5000 a year. I really need to try and…
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Pensions for children.
Hi, Am looking for information regarding starting a pension for my two nieces who are currently 10 and 13yrs old. I read an article somewhere about this but didn't take much notice at the time... Anyone point me in the right direction please? If I were to put £20 month away for them each, regularly, would a pension be a…
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Clear debt or save in a pension
Should I use (around £250-£300pm) to clear two high unsecured loans or put into my pension which is lying dormant for the last two months through a change of employment. I am 51 years old
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Best place to get pension advice?
Must admit don't understand much about my pension. Received a letter from my company i can now choose how my pension contributions are invested. Having no idea what is the best option, who are the best people to go for advice.
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State Pension forecast questions
Hi all, I just went through the rigmarole to get an online forecast for my state pension. I learned that 2 of the last 10 years I am not fully paid up on NI contributions (one year was virtually unemployed, plus my first year out of university my so-called employer was a shifty fellow). I'm currently 32 and have 10…
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Extra payments in company pension
Hi, First i'll apologise for being so clueless when it comes to this but I just get confused when I try to start to make any sense of it :doh: I'm 23 and have been with my employer for 2 years now and have been paying into the pension since I joined. The average after the company have paid in their amount is £101. I earn…
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Did you watch the programme about the pensions tonight?
I have been paying into a private pension with Eagle Star for around 16 years ( only around £50.00 to start with and i now pay around £65.00). Now i do realise this amount will be relatively useless when i reach age 65 ( i am now 40) I realise i can stop contributing to it if i choose to but my question is this can i only…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
486 discussions
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Most recent: Is the future pension forecast calculator on gov.uk reliable? by DullGreyGuy
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