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Problems with Aegon pension transfer
I'm setting up my SIPP on a DIY basis but find that Aegon will not transfer out policy proceeds without me involving an IFA which I am loathe to do as it will cost me a fee? Also, they are quoting a higher transfer value due to funds including about 50% in With Profits fund of about 10% more than current value with less…
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MSE News: Government unveils £75,000 care bill cap
"Bills for long-term care in old age are to be capped at £75,000 in England, the Government has announced..." Read the full story: Government unveils £75,000 care bill cap Click reply below to discuss. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.
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TUPEd Civil Servants....
... May be interested in this link http://www.osborneclarke.co.uk/publications/services/pensions/update/2013/public-sector-pension-reform-fair-deal-guidance.aspx
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AVC term ends- what to do now?
Hi - I was looking for some advice regarding a letter received from AVIVA. I have a very small AVC pot which comes ot an end at my 60th birthday and thy have send me a current fund value of about £14000. I intend taking out the maximium 25% as a lump sum and then the rest will have to go towards some rather meagre annuity.…
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Pensions from several countries
Firstly, sorry for the long story, but I need to give some background........ My brother-in-law is 72, now living in USA married to an American citizen and has taken citizenship himself, has been living/working in USA for about 25-30 years. We are unsure of exact dates, but think he went to USA around 1985. He is…
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Pension for my husband
Just to set the scene, my husband and I got married last year. I work for the public sector, so I have a pension through them. My husband works for a small company, who doesn't have a pension scheme. We've never had much money, but we've been saving quite a bit regularly now, and have even managed to pay off some capital…
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Is this a good company pension scheme?
Hi all, I've recently started a new job, and they're asking if I want to enroll onto the company pension scheme - this would be my first pension as i'm only 23. Initially, I can see that paying into a pension (when the company is also paying in) would always be a good decision, based on the fact that you're essentially…
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What now?
Hi there I am 48 years old, employed by my Local Authority and pay into West Yorkshire Pension Fund. As I came into the job late, I also pay an additional £100 AVC with Prudential. However, I really want to try agency work. The pay is really good and worth my while, not to mention the development and experience I will…
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Early pension
I have worked for a company for 17 yrs and the first 6 yrs I was paying into the superannuation pension fund . The company stopped this fund and started a defined contribution fund . I turn 55 in June and have made inquires into taking the superannuation pension which I am aloud to do . It's a lump sum off £4164 my avc…
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Should I fill in my NI gap?
Hi, I'm 43. for the last 5.5 years I've been out of the UK, and not paying NI contributions. I have 14 full years of contributions prior to leaving, and some payments into SERPS. In addition, I have some modest personal pension arrangements. I will be returning to the UK next year in June and I have a decision to make. I'd…
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Joint Life pension
What happens if I take a joint life pension to provide for my wife when I die, but she dies before me? Can my pension be reverted back to single life. Advice appreciated
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State pension forecast e-service
As my wife has turned 60 and is reducing her hours at work,we decided to go online to get an updated state pension forecast. Logged in to the Govt. Gateway using her user ID and password as previously set up - however after cogitating for ~ 60 seconds the website decided that we needed to activate the service and told us…
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Personal Pension
My friend is coming up to retirement age and has a pot of appr K80 which is invested in the market. Would be grateful if readers could clarify the following. He asked the provider to cash in the investment and hold it in cash until January 2014 his retirement age to avoid a market fluctuation. They do not have a cash fund…
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Lump sum from pension
I have a company pension. In January I saw the company pensions adviser and was told that I could take my pension as a lump sum - a triviality payment. I decided to do this as it would mean I could pay my mortgage off and retire. I duly completed all the forms that were given to me and decided to retire on 3 May which I…
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S.32 Plan Options
My husband has a 'Norwich Transfer Plan 32' dated May 1989. He reaches his 65th birthday in December. He already has pensions in payment well in excess of £20,000 and the income this policy adds is not material and would be taxed at 40%. Ideally he would like to be able to draw down the full pension fund over 2 tax years…
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Ppf
Hi everyone, I have a quite a generous 'frozen' final salary pension that I intend to enjoy within the next 5 years, the forecast statements received indicate pay out options that should take care of me in years to come. However The company's ( American) plan statement has for the past number of years has shown a large…
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Limits on Contribution Tax Relief
I've being doing my own research on the limits on tax relief for pension contributions, and just wanted to confirm that my understanding is correct. For a final salary pension scheme, there are two limits on tax relief that apply. 1. A limit to gross pension contributions, whether employee contributions, ARC's, AVC's and…
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Equitable Life pensions letter
Hi folks I'm after some advice? Last week i received a letter from 'equitable life' explaining i had some monies available in a pension from a previous employer? The letter addressed to my current home address explained they had been unable to contact me and verify my credentials due to moving house (this was the first…
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What % contribution should I make?
Hi everyone... I'm new to the pensions forum, and looking to maximise what money I do have. I'm 40, work 30 hours in the NHS [Gross £23,004 p/a] I have 3 years in the NHS scheme Currently I pay 9% contributions and the NHS pays 14% I was wondering what I would need to plough in to get a half decent pension as I feel I…
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3 small pensions - what to do?
Hi, I am 54 and hope to retire at 60. This sounds mad I know but I have just discovered 3 small Legal and General personal pensions which I didn't know I had. Good news! But now I'm wondering if theres something I should do about them to maximise them for when I retire. I'm not entirely sure why they were set up like this…