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Where on earth do i start ??
Hello All, Any help and information will be greatly appreciated, and obviously i will only act on my own conclusions. Pensions...... What a minefield of confusing information !! I hate to admit it, but i haven't got a clue where to start !! Some of the terminology is most confusing. I am 30 years old, and are looking to…
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Stakeholder Pensions - Employer/Employee Contributions?
Hello Everyone, I am the Managing Director of a Ltd company and I am looking for tax efficient ways to take money out of the company to pay myself. I'm interested to know how much can an employer can contribute to a Stakeholder Pension? Could they contribute 100% with the the employee contributing nothing from their pay?…
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want to delay claiming your pension what happens to winter allowance?
can you claim winter allowance even if you are 65 but want to claim state pension later in life? thanks
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Pension amalgamation?
Due to changing jobs a few times over the last 15 years, I've got pension payments in 3 different places: Around £40k in Standard Life, £4k in Virgin and £2k in Friends Provident. I'm currently not paying in anything to any of them as I'm just taking out mini cash isa's each year. I'm due to retire (single woman 50) in 10…
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Standard Life vs Nationwide stakeholder pension
I’m thinking of taking out my own stakeholder pension at 47 with a view to retiring in 12 years when my husband is 60. His pensions are with Standard Life and Scottish Widows. It would appear that Standard Life has been doing better than Scottish Widows but, with Standard Life about to de-mutualise, would it be better to…
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Pension company disappeared with money, help!
Hello, New to the forums, so please be patient! Wonder if anyone can shed any light on a problem? My husband had a pension with Crown Financial Management, based in Woking, taken out in 1980's. We have recently tried to locate this company to find out what has happened to his money. They appear to have disappeared & we…
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Final salary pension scheme
I am a sixty year old engineer working for a company that just recently has been bought out. At present I am in a Group Pension Scheme with one of the major UK companies. I have been with my present company for nearly 22 years. As I understand the new company has a Final Salary Scheme that I will have to join. I know that…
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How can pensions be made to work?
In the same vein as the 'Should pensions be compulsory' thread, I wanted to get people's ideas on what would - in practical terms - help build confidence in pension saving - assuming that there is problem to be overcome. I can't claim to have thought about this too deeply, but I feel that pensions are just too abstracted…
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annual management charges query
I have a w.p. personal pension with an insurance company that's not receiving any bonus plus a works pension currently paying into.The ifa's I have spoken to have suggested transfering to funds/funds of funds from such as skandia,threadneedle,fidelity etc. The amc's could range from 0.7 to 1.9% with the ifa's adding 1%…
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Pensions V ISAS
I am at odds over whether or not to invest in a company pension or ISA or SIPP. I am a basic rate taxpayer and have maxed my ISAs last year and about to this year. I am very happy with the flexibility and as I have an index tracker fund the annual charges are very low (less than 0.5%). My company pension (NOT final salary…
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stakeholder pensions
Hi I dont really know much about pensions, and I have been offered a job (which I accepted and I start in two weeks) and they tell me I will be able to join their stakeholder pension after 12 months of continuos service. I understand basically what this kind of pension is. However, im 25 now, and clearly need to start…
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pension problem
currently our earnings are something like £72000 p.a. which is 4000 a month after tax. with 3 kids and a mortgage of 200K we have £1100 a month left over of which i put £300 into a pension (not enough) I am 36. The rest(£800) we use for savings , holidays cars etc. Do I take out an additional £80k mortgage, which i believe…
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relevant income for pension contributions
I'm trying to calculate the biggest pension contribution possible to get my mother down the 40% tax bracket (as a contribution to count for the last tax year). Her relevant income is all from commercial property rental which is taxed on what was due and not what was actually received. Her tennant missed three months rent…
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Care Fees Annuity with Pension
Is it possible for someone who has not yet purchased a pension annuity with their pension 'pot' to buy a 'care fees annuity' with that money if, at the time they purchase an annuity, they require residential/nursing care? One adavantage of a care fees annuity is that no tax is payable when the annuity is paid direct to the…
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How many stakeholder pensions are allowed at the same time?
I thought it would be a good idea to suggest my mother (aged 67) saves some tax (as she's in the higher tax bracket) by getting her to put some money in a stakeholder pension. She can apply to have a contribution counted for last year (if she gets this sorted out by January 31st 2006 when after which that won't be…
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Protected rights pensions
My father invested £2000 in a protected rights pension scheme in the early 90's. For one reason or another, he would now like to cash this policy in. The company who administer the scheme can't offer this facility. Does anyone know why this is the case with 'protected rights' schemes? Which rights are protected exactly?!…
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Final Salary Pension - transfer and buy residential property?
Found this interesting article about proposed changes to Final Salary Pension transfer value calculations: http://news.ft.com/cms/s/d950fa3e-c3cb-11d9-a56d-00000e2511c8.html Suggests rules may be changed to allow investment in residential property via a SIPP. (Currently I believe only commercial properties can be used).…
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transfer prevention cartel?
I'd like to transfer a final salary pension from a previous employer to my current employer - "certainly sir" they say at the transferring company. "Just need you to get the receiving scheme to sign our indemnity statement. It's to protect you, in case the government changes the law retrospectively." Of course, the…
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What to do with 4 'frozen' pensions.
I've got 4 pension schemes ATM. I started my first private scheme when my comapny told me they weren't doing pensions. 5 years later, they started up a scheme. I stopped paying into my private scheme and contributed into the 1st works one. I left there and the next company put me in their scheme, so I stopped paying into…
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Pension Wind Ups - a list of broken promises?
(withdrawn)
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
358 discussions
3.7K comments
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