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Underpaid pension
Dad has recently been notified by his employer that they have been underpaying his pension for the past few years. He took early retirement in 2005 and has been drawing the pension from that employment since then. He went back part time to the same employer and has been paying into another pension since then. As he turned…
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Pension
I have a pension of 20 years in a private company which was deferred in 1995 it is also index linked when i was 50 i tried to get my pension only to be told that it wasnt in their rules to let me have my pension and i would have to wait till im 65 is this right ?
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Contesting a will
My apologies if I've posted this in the wrong section of the forum however any help on the matter would be very much appreciated. Ever since I was 18 months old (Now 25 years old) I have been a very large part of my elderly neighbors life, Unfortunately her and her husband could not have children and over the years I…
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A Big Thank You !
My husband and I would very much like to thank everyone on this forum, who over the past 2 years, have helped us get our heads around my husband's works pension and so take it in a way that best suits our situation both financially and practically. The stalwarts of this forum, in particular Dunstonh, Loughton Monkey,…
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Get money back from pension?
Hello, I hope someone can help me. I've had a Standard Life pension for about 12 years but it's been dormant for about 10 years. So all in all I've paid in about £1400 over a 2 year duration whilst serving my apprenticeship at my first job. I now have a separate one with my current employers which is quite healthy at the…
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Should I take a pension early?
I'm nearly 60 and due to receive a couple of final salary pensions this year. They will be enough to live on (I have retired) but I have a couple of other small pensions due when I'm 65. The question is whether to take them now with the associated actuarial reduction. According to my calculations, the break even point…
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Stakeholder pensions
I am 55 and have a pot of money with Abbey, it is Serps money. I have had conversations with an adviser that the Abbey plan is OK, but I could swap it for a stakeholder plan with lower charges and similar funds, overall lower risk but the past 5 year performance with the new funds has been better than my existing ones. He…
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Scared of S&S ISAs
I've used up my cash ISA allowance and have some money left over for a S&S ISA. Never had one of these before so have been reading on this forum and researching other sites. It all seems very complicated and scary. Of course, I could seek the advice of an IFA but after I've paid fees to him/her and all the other fees that…
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I don't know where to Start - Pension
Hi, I am wondering if anyone can point me in the right direction with any points or tips on where to start. I currently have no pension and I don't really want to get tangled in a work one as I have moved jobs a lot to further my career so would like a pension outside of this. The problem is I just don't know where to…
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Pension/Advisor
My wife is due to get a pension in July when she is 58.We have been talking to Scottish widows asking a few questions but then a financial advisor phoned us up about this pension and asked questions about our circumstances (savings etc). We have arranged a meeting with this advisor but will we have to pay anything even…
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additional pensions do I bother
I could do with some help planning. Background I am in receipt of my Armed Forces pension after 37 years service and have been employed outside for the past 4 years. The company I work for give me 6% of my wages as benifits and I have just been putting this into a pension (about £15K now) I am unlikely to put enough away…
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No retirement plan at all, where and how should I start?
Hi Everyone, I'm a total novice when it comes to anything related to retirement planning and while I've been reading these forums for a good few months, trying to digest some of the advice, I keep putting off doing anything and currently have no kind of plan for retirement or really my future finances in general. So I'm…
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AVCs with the PRU - which fund?
Can anyone help me? I am trying to select from about 15 funds (classified in risk bands)offered by my wife's AVCs with the PRU. The low risk are essentially all of gilts, the medium low are of corporate bonds and a with profits, the medium are of balanced equities/bonds and of properties. Most say the aim is to buy M&G PP…
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"Lifestyling"- adjusting pension risk over time
I have a question about reducing pension risk by shifting gradually out of equities as one approaches retirement age. I'm female, 50 years old and looking to retire at 70. There is longevity on both sides of my family and I am very health and fitness conscious so I am planning to have to fund a long retirement. I was…
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Wife's entitlement to my company pension
Hi all, wondering if anyone can cast any light on the following. When my wife and I married three years ago, I decided to join my company's pension scheme. Here we are three years later, separated and divorce proceedings looming due to her affair. I am aware that she is entitled to take a percentage of the pension pot. Is…
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Where can I find fund performance data . . ?
Looking to invest some money in AVCs. My employee uses L&G where there is about 10 funds to choose from . . . Newton Balanced, L&G Ethical, Newton Int growth, L&G Fixed Interest, L&G cash fund etc . . . etc . . . . I've searched tinterweb for information on how these funds have performed so I can choose which one to invest…
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Pension deferral: conflicting info from DWP
In the guidance booklet you receive shortly before you reach pensionable age, about your pension options, there is a section on p12 'Extra State Pension'. Paraphrased it reads: You can choose to get ESP if you put off claiming for 5 weeks or more. When you do claim you will get a higher pension for the rest of your life.…
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Rental Income & Tax Relief on Pension Contributions
Hi all, I've read a couple of posts on this but I'm still unclear as to whether a portion of one's rental income can effectively be sheltered from tax by investing it into one's private pension plan and if so how much tax relief could be achieved from this. Can you please consider the following scenario and comment? John…
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CIS FAVCs
Was anyone else sold free standing AVCs by CIS some years ago and lost ou big time? I paid £25 a month for well over 10 years and my Annual sum is only just over £33. Is there anything I can do about this huge bad management of the fund?
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loss of pension income
I have a capped drawdown pension and today my income has been paid and it is reduced by 59% due to this ridiculous link between GAD calculation and drawdown. I wonder how we are now expected to survive without debt as our household expenses without food all but match this reduced income... Pensioners please be aware at…