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New State Pensioner Problems!
Hi, In a few weeks time I hope to draw my State pension at the age of 65. Unfortunately, the Pension service states that I will be 2 qualifying years short to get maximum State Pension but I can top this up with NI contributions at a cost of £660. This must be paid by April 2009 to qualify! My options appear to be: 1. Do…
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Emigrating - Can I cash in pensions? Advice please...
We are emigrating to Australia this year and we have a couple of private pensions and one company pension (not amounting to a great deal as we are no longer paying into them). We would ideally like to cash these in rather than transferring them. Not sure on whether this is possible and any tax implications both here and/or…
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Pension Concern
I'm currently paid an early retirement pension by a former employer which I took when I was made redundant over 2 years ago. As it no longer covers my outgoings I have accepted a part time job offer from a competitor of my former employer. I would be seen as a direct competitor to my former employers business. Is my…
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retirement age
I know they changed the age of retiring, does anyone know the cut of date for retiring at 60 instead of 65, i am sure i have put this on the wrong board . Tisha
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Lapsed Personal Pension Advice needed
I was made redundant at the end of 2005 and a few months later stopped paying into my personal pension plan with CIS. Foolishly I didn't investigate this fully and didn't realise I only had 12 months to reiinstate and then would have to pay all missed payments. I now have only a month left to reinstate the policy. I am…
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long-term planning - pension pot/retirement income ratio
Hi folks. I'm 28, and I'm planning roughly how much should be saving for my retirement. I've seen the rules-of-thumb like "divide your age by two and that's the annual percentage to save", but I'm building models to project my pension savings growth, so I can get a better estimate of how much I need to save tailored to my…
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New firefighter's pension for retained firefighters- transferring stakeholder pension
Hi, My OH has been a retained firefighter for the past 11 years and has never been eligible to join the fire brigade pension. They have now received information that they can join the NFPS which is a final salary scheme, contributions of 8.5% with employer contributing 14.2%. They can backdate membership to April 2006 but…
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What info do i need from my pension co?
I am about to call my pension people and would appreciate some help on what to ask. I want a spread of how my funds/pension has performed over the last few years and how they project it to perform, andpossibly compare this to their/the markets other funds. I also want to know any fee's for moving it now, and the 'trade in…
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How much will my Mum get?
Hello all, I have to admit to knowing very little about pensions - so my apologies in advance. My Mum is 60 in April 08. She is currently on incapacity benefit. She will not have paid in enough credits for a full state pension. Does anyone know what will happen when she hits 60? What will happen to her benefits? If she…
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AVC added years or money-purchase? - or SIPP?
I'm in a final-salary company pension scheme and am considering buying added years by means of a lump-sum payment. The scheme roughly mimics the civil service scheme as it was before the last set of changes (premium etc.), but it now requires an employee contribution (it's still fully index-linked though). I'm 48, and my…
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Art as part of a pension portfolio
Being in the process of moving my existing pensions to a SIPP (thanks for all the posts - very useful) I'm considering my portfolio. I'd like to look at the option of adding some art to the mix and can't find anything up to date on the web in regard to this. Prior to 'A' day people were talking about this option and the…
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Pensions down 75% in 10 years
Guardian Consultants Watson Wyatt said its figures show that someone retiring now with a personal pension could be more than 75% worse off than someone paying the same contributions each month but retiring 10 years ago.Lower returns on investments mean that pension pots after saving for 20 years are less than half the…
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30 - what to do with my pension?
Hi all, I'm frequently on this site but this is my first venture onto the pensions board. I think I'm quite clued up with my finances, but pensions is the one thing I've never really understood fully so I'm looking for advice or comments on my situation please?:rolleyes: From May 1999 to Jan 2006 I paid into a group…
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Merging smaller pension accounts
Hi all, I was wondering if anyone could offer me any advice. Basically, over the years my wife has worked for numerous city banks and has always been in their company pensions schemes. When she has left and moved on, her pensions polices just get frozen. She now has 4 frozen pension policies Her last firm has said she can…
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national insurance - please help
not sure if im posting in the right place but here goes. wondered if anyone could help? i was with someone who was self-employed. he had me down as his partner, for tax reasons or something. we split up 3 years ago, and i have recently had a £350 bill for my national insurance contributions. it seems he was paying his own…
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pension annuity help
my husband is looking at retiring mar 07 ( age 60) we have an amount of approx £100k through various policies, and advisor is talking about annuities ( my husband wants it so that should either die the other is covered) any ideas of best place for this money. Also will have rent from a building we own do this won't be our…
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Annuities - can transfer to wife?
my dad is accumulating a pension pot in his name, so can he purchase an annuity for my mum and not himself (sole life only)? The pension pot is being accumulated in his name, so does this restrict him to purchasing an annuity for his life only or joint for him & my mum? For a number of reasons, guaranteeing an income for…
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Suggesting vendors, services and products
EdInvestor, please quote from and provide the link to a forum rule which prohibits consumers from recommending specific products, services (free or for-fee) or vendors. What would be wrong is for a consumer to blindly promote a specific vendor without consideration of whether that vendor was appropriate and offering a…
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tivial pension worthwhile ?
Im 54 and self-employed. The only pension I will receive will be from the state. If I take out a private pension e.g. a stakeholder, before April, is there a limit to how much I could invest this tax year (to avoid paying income tax)? I earn about 16k a year. I am leaving the U.K. in October so I will not earn enough from…
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Pension - transfer from Natwest Life to Standard Life
I would like to transfer a Natwest Life pension fund to Standard Life. Natwest Life seems very inflexible in comparison to Standard Life and their historical fund performance isn't as good. Is it an easy process? Is it possible to do it without talking to financial adviser (so can I do it via their website & the post…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: Pay NI if hoping to move abroad for some years? by QrizB
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