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Pension Pot/Higher rate tax
Can I use my pension pot to buy an annuity for my wife to save higher rate tax
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Strange Cold Call re fees
I was hoping someone may have some advice / experience that can help me out. I just received a cold call regarding my pension and in particular the fees. I was offered a free consultation where they would check out the fees I am currently paying and if appropriate make a claim to my provider to get these fees reduced. The…
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Decision time for annuity
Hi everyone, Need to bounce off some ideas with the pension experts. I have now received the pension pack from my provider, and during the next few weeks I have to decide on which way to go. OK - these are the options: 1 GAR annuity rate of 9.25% of fund value but pension only paid annually in arrears. However, I checked…
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IFA fees for investing a lump sum
Hi, I'm starting to review the pensions I and my husband have so I'll probably be asking a few questions! Here's the first: For a lump sum investment into a personal pension or stakeholder pension is '3% of the amount you invest plus 0.5% of your fund value from year 1' a reasonable fee for an IFA? Thanks in advance
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STATE PENSION (pension credit)
Do you get State Pension with a small amount of Pension Credit to top it up, and do you ever wonder what’s it for. Well here’s my theory the DWP need an excuse to visit your home, to see if it’s you and no one else is collecting your Pension. I noticed this small amount and wondered what it was for so I phoned them up,…
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LGPS increase
Hi does anyone know when the LGPS increase for next year is announced and what it might be?
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Is it worth buying 1yr Vol N.I. contributions
My O.H will receive his State Pension in 2015 at 65 , his last pension forecast was in 2008 and he had contributed to 29yrs and only needed 30 under the new rules. He was missing 2006-2007 and it would have cost him £392.60. Now it will probably cost double that. I've been trying to find out how much that 1 missing year…
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Where can I get 7% pa?
As title suggests, and how risky would I have to be. Or is this an improbable ask? fj
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Kodak - Pension
If Kodak do declare bankruptcy how would that affect an ex employee who is retired currently receiving a Kodak pension ? I have tried to search, but the word "may" is used alot Many thanks
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Is this good advice?
I have had an "offer" to transfer my deferred FS pension with Dairy Crest elsewhere. The current value being £79k, but to transfer it with an enhancement of £21k, making it £100k. Dairy Crest have appointed a company, JLT, to advise me as to ,whether I should transfer or stay in my FS pension. After filling out a short…
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IFA Qualifications
Hello all, If an IFA has these qualifications Cert PFS, Cert CII, (MP & ER), can someone please advise if these would make him well qualified to advise on pensions/annuities. Or could they be just basic qualifications? Any comments please would be appreciated.
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SIPP Makeover
I am giving my SIPP a bit of a 'springclean', over time my fund spread and strategy have begun to loose their way. I have an eclectic mix now, which is very volatile and contains direct and indirect equities. The fund value to approaching £100K so I have sat down, researched and come up with this strategy, hopefully to…
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aviva pension advise
Hi I left the private sector several years ago and set up a business myself. Over the last 3 years I have contributed £60000 into my private pension that I started many years ago and was small at the time. I'm 65 in 2018 and am looking at large contributions to try to up my yearly payout once I do retire. A year ago I…
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Unregulated advice
I'm a little confused so please bear with me. I know the quality of paid for advice can vary but as far as I'm aware there are safeguards in place should that advice prove to be wrong or misleading? Is there any form of redress available should I put my hard earned into a vehicle recommended here or is it basically the…
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Firefighter pension
Hi all I am looking some advice regarding my pension. I am currently in the New Firefighter Pension (NFPS) and have been for 3 years. This pension came about in 2006 when the government closed access to the firefighter pension (FPS) for new employees. Now as part off this shake up of public service pensions the government…
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200 people need help
Hello, Can employer stop paying for my 20 min break and instead transfer the money that I should get for break into company pension scheme? I been told transfer the money into scheme or I not going to get them at all... Please advise. Regards, :(
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State Pension Lump Sum
When you are retire, your company/personal pension + investment income might be just below the 40% tax threshold. In these circumstances, when you start to receive your state pension it would push you over the 40% threshold. For example, if your other income was £1 below the 40% threshold, then all of your state pension…
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is weekly state pension paid in advance
A relative was always paid weekly state pension . The relative died a couple off months ago . They died on A Sunday and received a pension payment on The Monday. I assumed this was paid in arrears .Now SS have asked for it back . Is state pension paid in advance or arrears .
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state pension query
I will receive my state pension in a couple of months. I share my house with an old friend (male) who is already retired and has been for some years. He doesn't keep well so he stays with me as a lodger, I guess. Pays me a small amount of rent and looks after my pets when I am working or on holiday. I am very much hoping…
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Complete pension newbie - help!
Hi all, I've been employed for nearly a year now, and haven't started any pension planning yet. I have a decent pot of savings and know how to look after money, but I have no idea how to go about setting up a pension plan, or even finding out if pensions are the best way to save for the future. A bit about me: * 22 year…