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Release some funds in pension
Been told by pension company I can’t release any funds till age of 55 is this true?,as need to clear some credit card debt thank you
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Auto-enrolment while 'Acting Up'
I have recently started a year's maternity cover as a secondment, 'acting up' in a qualified role which has a considerably bigger salary. Having received my payslip today, I notice that it has been allocated as my receiving my main role salary, with a separate 'acting up' payment added on top. This means that my…
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Pension drawdown at 55
Hi, I am 55 in just under 3 years and I am looking to possibly draw some money out on 2 of my 3 pensions. I have 2 older ones that I no longer pay into. My questions are - Can I withdraw from the 1 old private and 1 old work pension at 55? If so, do I need to combine to 2 before I can withdraw any money from them? Thanks…
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Nest Pension - Good Value?
Is Nest good value in relation to costs. 1.8% deduction on all contributions and a .3% annual management charge. How does this compare with Low Cost DIY Sipps? Difficult because of the different costs structure. The default fund is a retirement date fund, Is this similar to the Vanguard Target Retirement Date Funds. I see…
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Pension for Short-Term Job?
Hi all. Just looking for a bit of advice really. I’m in my early 20s and just about to finish university. I have a job starting in September within the Civil Service and I’ve received some information through about a pension. I’m entitled to join either alpha (which requires contributions) or partnership (which doesn’t).…
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Auto-enrolment shambles
I did have a workplace pension provided by my current employer, but I opted-out last year. Come last pay period, I was automatically opted back in without any prior notification, and deducted £49. I then had to jump through hoops to get opted out again. How can this be allowed to happen? Surely it should be an opt-in…
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Am I missing something?
Dear All, After being self employed for 14 years due I had a change in personal circumstances and had to restart my life from scratch. I am 53 yrs old and 18 months ago got myself a "proper job", employed full time permanent. Upon joining the company I immediately opted out of the pension scheme. I have now been made aware…
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Auto Enrolment questions
I'm in a temporary job at the moment and it's due to last around 4 months. My employer has told me I've been enrolled into an auto enrolment pension. I'll put in 3% of my monthly salary and my employer puts in 7.5%. I think I've made a couple of contributions to AE, totalling only about £20, in a previous temp job. I don't…
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Paying extra contributions advice
Hi forum, I currently pay in 6% contributions on £15k and my employer is going upto 4.5% April 2019 and I am 40. This is my only pension and I have 6 months cash aside plus short term savings, debt and mortgage free. I have been considering either increasing my contributions or opening a S&S ISA for retirement planning too…
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Will late payments from employer affect my pension?
I've just started a new job with auro enrollment pension. My employer is over 90 days late with paying contributions. I have spoken to him about it & he says it will be paid in asap. Just wondering if this has any overall effect on my pension, other than he's in breach of the rules?
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Nest pension
Son who works for an agency has been enrolled with Nest. There is not much in the pension pot. I want to help and am wondering whether it will be to his advantage for me to top up his nest pension with a lump sum when I can afford it or is it better to save this money in an isa. Thanks
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Can you add non working wives to ssas?
I have read that you can add wives to an established ssas even though they do not work for the company. Can anyone tell me the advantages of this please? Thanks
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Should i stay in?
Im 61 and have been in the auto-enrolement since it started.I rent my property and earn rhe minimum wage,grossing £15,227 PA. I am paying £33.22 per month pension. My question is,should i stay enrolled or opt out?Is it really going to be worth it in the end? Any advice would be very much appreciated.
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Mis sold pension
Hi my husband who is an ex miner when all the pits closed years ago a lot of ex miners went on to work for the likes of pearl assurance and prudential etc . Anyway he was made to believe that he was doing the right thing and was advised to transfer from mine workers pension to pearl / Phoenix life we have only recently…
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Unused annual allowance
What do I need to do to use my unused annual pension allowance from the previous years? I was never close to 40k annual contribution, which I understand is a pen untaxable limit for a year. It seems like this year and next year I should be able to contribute more than 40k, and there is information on HMRC site that people…
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NINOs, Overseas Workers and AE
Hello all I've gone looking through previous threads and can't seem to find any relating to my questions. Any guidance would be very appreciated. I'm trying to find actual regulations in black and white to confirm a few things. All my searches seem to give me conflicting info depending on whether it's HMRC, the pension…
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Auto enrolled dating site despite cancelling
Has anyone had dealing with Elite Singles? They’re dreadful and the matches appear to be bots, no-one ever seems to contact anyone. So, I cancelled with a few months. I have been onto my online bank account tonight and found out they are trying to take a further £69:00 despite the fact that I went through the cancellation…
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IFA ethics
A close friend several years ago arranged a personal pension through an IFA. They have looked after this for several years now. It is held within a Standard Life Wrap, which I believe is a broker only product. The IFA has just written to him to inform him that they will no longer represent him as his pension fund (£43k)…
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Opting out of NHS Pension
Hello, I am seriously considering opting out of NHS pension and I would greatly welcome your input. I am 30 years old, been in the NHS for 8 years, have £40K+ salary, I contribute 9.3% towards my pension and would soon contribute 12.5% through a new position. My employer contributes 14.3%. My pension is linked to the state…
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Workplace Pension Contributions
Hi all I just wanted to check how my workplace contributions and deductions are being treated. Should have done this before..... me bad. I earn £1751 per month, a basic rate tax payer and am auto enrolled into a stakeholder workplace pension with I believe relief at source. I couldn't get my head round this at first, but…