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Odd request for personal info from Aegon
I received a letter on Aegon/Scottish Equitable headed paper asking for me to confirm my contact details such as NI number, DOB, address and plan number. NB: I do have a pension plan with Scottish Equitable but it is inactive, I have been careful to advice them of changes of address. I was wary so called the number and…
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State Pension when few contributions have been made
My Mother in Law is 63. She's had her own business for years but never taken very much out of it regarding wages etc. and what she has taken out has always been beneath the tax and national insurance threshold. Her husband has always been above the threshold, paid stamps etc. They've basically lived on his wage and what…
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Should I combine my pensions?
I have a small civil service pension (only worked there for 2 years) which is a defined benefits scheme. Then I changed jobs and had a stakeholder pension, where I paid 4% and the company added another 7%. I worked there for 4 years. I then worked abroad for a few years (no pension payments) and upon returning to the UK I…
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Transfer to SIPP now or wait a year for drawdown
I will be 55 in just over a year from now and have quite a large (>600k) pension pot in my former employer's money purchase pension scheme. I will probably need to take income from this fund when I turn 55 as I am no longer working. In the meantime, the investments are not performing well and there is a limited choice of…
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Pension Rip-Off
Check out this graph of the performance of Standard Life's (SL) 'Managed' Cash fund and bear in mind it is the one they advise as a 'safe-haven': http://webfund5.financialexpress.net/stanlife/sl_fund_popup.wsp?unit=CWR2 It has basically lost money for the last three years! What on earth are these so called 'managers' doing…
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SIPP How can I avoid IHT ?
Hi Is there anyway myself and my brother can avoid paying 55% on my dads SIPP when inherit his estate? Sorry to sound a bit cold but I can't stand to think my dads money that has already paid tax on going back to the tax man. Thanks Neil
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Pension fund allocations
Hi, these are my current pension allocations (the links to each fund should work) Any thoughts on these allocations/ratios? I'm mid/late 20's and contribute £550 a month. I was thinking maybe I should reduce my Asia exposure and allocate ~10% to a global bond fund (specifically this one) as am I led to believe it should…
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hey ho...Pension drawdown MUST go through an IFA
Nice conversation today about three pensions with A***A. I want to draw down from my funds but they refuse to allow me to do it telling me I MUST go through an IFA... Anyone throw some light on this..? Is it legislated somehwere? Or just the Pension company rules? I'm somewhat frustrated by not being able to deal with my…
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Late starter - any tips?
Hi I'm 41. I will soon have £41,000 from a house sale following a relationship breakup - and £9,000 in other savings. But also need to find a place to live - either using that £50,000 to put down on a property or renting. I've no pension though, and haven't paid national insurance for a fair while. I've recently gone self…
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advise on care homes and private pension
Hi everyone, Looking for a bit of advise for my grandmother. Grandad has beeen assessed as needing to be moved to a nursing home. When social services came they told nanny they would need all grandads pensions to pay for the care home. Nanny is now getting herself in a twist as she was a tradional house wife and never…
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New flexible retirement rules
I am approaching my contractual retirement age. I am in a final salary scheme but only have about 20 years service so the pension will not be substantial. As I understand it the new rules mean I cannot be forced to retire despite the age specified in my employment contract. I'd be prepared to go on working for a year or…
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Thoughts on Funds & £% Mix
Hi All, Currently paying £820 a month into funds below. Thinking of increasing % into Jap, Far East, BRIC?? - need to check what funds are avaible to me. SL BlackRock Aquila HP UK Equity Pension Fund - 30% Standard Life European Equity Tracker Pension Fund - 20% Standard Life Japanese Equity Pension Fund - 10% Standard…
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Army Pension
Hello , i have an Army pension that i am due to recive when i am 65 . Thats all good no probs there . My question is can i claim it early now my partner has been registerd disabled ? Any help with this would be greatfully recieved . King regards Tony .
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Why has our personal pension lost so much money this year?
you in advance. :(
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lost pension contributions
My sister worked for a company and joined their pension scheme. She left just under 3 years with them and when she asked if the pension could be transferred to her new job she was told because she worked for under 3 years she would lose the contributions she made and they would go to the government. She would appreciate…
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29 and no pension yet. Does this sound like a good plan?
Well I'm 29 and have been thinking about pensions for several years but always been a bit confused by them. I consider myself financially astute in all other areas of financial matters though. The reason I've held of starting one is that I've been saving every spare penny into a deposit fund for my first house and I…
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Pension and Tax Relief
Hi just wonder if anyone might be able to help and hopefully this is the right page to post this on..... My OH was self employed and had a private pension which he set up 20 years ago after opting out of surps. He has been claiming tax relief on this through his yearly return. He is now paye and is wondering how he claims…
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Care home fees and home owners.
Hi, I am new to the forum and not actually sure I am in the right place here but perhaps you could re-direct me if needs be. My question concerns my parents, who are in their mid 70s and the subject of possibly going into a care home is uppermost in their minds right now. My mum is not listed on the deeds and her concern…
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New partner how effect pensions?
Hi all, being a frequent lurker I rather hoped the sage advice might stretch to me. This is all very premature but I feel better being armed with information in advance. Its how I tick. Background: I am 35 my husband was a teacher then worked for Royal Mail. He died in 2010. I have two children aged 3 and 5. Incomes: Royal…
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I'm so confused!!
Hi guys, I'm 24 and have worked at my current company for 6 years this year. When I first joined there was a pension available (defined benefits?) that you had to join within 6 months of starting the company or if you wanted to join at a later date you would have to join the normal company pension. As it happened I never…