-
Planning to keep the most from pension funds in the future
I realise that I am looking a fair amount of time away, butI’d like thoughts on how best to plan to keep pension money away from the HMRC Here’s where I am today 56 years old, higher rate tax payer, married, wife 55 nontax payer Pension savings · 30k in fund (money from NI opt out), completely unmanaged by me, I think it’s…
-
Prudential Annuities.
Would like to contact other Prudential Annuitants who commenced their annuities between 6/4/2006 and 5/4/2008 and have, since then, received additional-bonus-rates which are derisory when compared with every year before and since. The only ezplanation I can extract from the Pru. is "it was a bad 2 years!". We must be able…
-
Making the most of 40% tax relief on a pension
My profit from my buisiness this year is about 110k. How much can I put into my pension as to avoid paying it in tax? The last 2 years I have been in the higher tax bracket.
-
Should I buy permanent life insurance (Northwestern Mutual)
Hey guys. I'm 23 years old and am currently weighing my long term retirement options. I plan on maxing out contributions to my Roth IRA this year (startup company, no 401k but good salary) and recently one of my friends who works at Northwestern Mutual has been pitching permanent life insurance to me as a retirement…
-
Stakeholder pension charge cap removal - options?
I have very little in my pension and have been unable to pay anything in for years, so it just sits there. I have been told that the charges I pay will now be uncapped, and it seems very likely that this will wipe out what little I have in there. Any advice would be appreciated. (I still can't afford to pay into it, but…
-
Should I defer my State pension?
Hi, I gather that it goes up 1% for every five weeks you do not claim it. I assume, but dont know, that you dont pay NI during that time. It sounds like a good option as I dont know any other investment that pays as well. Does it make sense to pay myself my State Pension out of my lump sum and leave my state pension unti l…
-
pension funds
Hi, my partner has a pension that he opened about 10 years ago, he stopped paying into it when he became redundant and it has laid dormant ever since that was about 5 years ago. We could really do with the money now just to help us live tbh and was wondering if he could do anything to it, ie withdraw? Some people have told…
-
Latest round of QE – how long before it impacts on annuity rates?
With a relatively small pension pot (£39K) to convert I have been monitoring annuity rates for some time. The trend appears to a slow decline. Will this latest round of QE further accelerate this decline and if so when is it likely to manifest itself. Just wondering if I should make a move sooner rather than later.…
-
lump sums
Hi if i take a lump sum when i retire from my work pension would it affect my state pension and if i bought a car with the lump sum would i need to show them a receipt in order to top up my pension with a state pension i have worked all my life and built up enough NI credits
-
Can I transfer a stakeholder pension to a SIPP?
I had a stakeholder pension when I was with my previous employer, and would like to transfer the value to an existing SIPP. Is this allowed?
-
Will I qualify for the state old age pension
I worked and paid NI via PAYE from 1982-2005 when I was retired early (ill health) and currently live off my private pension, plus some IB and DLA. When I reach state retirement age I assume I won't have paid my 'full stamp'. Will i get a reduced state pension, and if so can i top up my NI contributions before I reach 67?…
-
Not a Pensions Fan
Im not a Pensions Fan - well I am a pension fan but not a pensions contribution fan- ideally Id prefer to pay of my mortgage first but My company pays a % if I pay a % therefore I want to pay that amount in per month, but I also just sneak into the higher rate tax band and I want to maximise my contributions such that I…
-
MetLife Retirement Portfolio?
Does anyone have any thoughts on this ie, is it worth thinking about transferring an old outdated single fund pension into it as there seem to be some interesting guarantees? www.metlife.co.uk/intermediaries/retirement/rp/index.html#overview The MetLife Retirement Portfolio is essentially a personal pension which adds a…
-
taking time to decide your will structure ?
did you take a while to decide how to do your will, how to structure it? i doubt anybody took 10 minutes to decide things lol. alot to think about (especially if you have more than 1 children too)
-
Salary or Pension?
I'm just about to start a new job after circa 12 months 'rest' and have been living off savings. New job salary approx £50k I could probably afford to live off savings for another year or two - should i take a salary from my new employer or maximise contributions to my Stakeholder Pension -acquired with previous employer?…
-
Best Bank for Pensioners?
Hi All Retiring well semi in December, does anyone have any thoughts on which is the best bank or society for Pensioners. Mainly Lump sum paid in, best interest rates etc.
-
Are Annuity Quotes worthwhile?
Hoping someone "In the know" can assist me. I intend to purchase an annuity in the next few weeks and, as recommended by MSE and many others I have shopped around for the best quotations. I have now had online quotations from several different companies as well as my current fund holder. My question is: I understand from…
-
is STATE Pension, the same as a COMPANY Pension ?
Is state pension the SAME as a company pension? (eg Bt or PC World company pension - if you work there, ? or State pension is one thing and a company pension is another thing? = they are 2 completely different things? (and are both linked/related if somebody dies, and leaves behind a widow?) - (for example) the company…
-
After Death, Do company pensions stop? (which come the diseased bank account)
Somebody is having some serious health issues, and there are some concerns that they might not make it next year. But he is retired and his pension from he company he worked for (for 30 years) is a big sum, the pension provides on a monthly basis. (they worked for a big common UK company) Just wondering if the worse comes,…
-
Cold call about changes in paid up pensions
Hello I don't know if anyone can help me. I had a cold call yesterday from someone regarding the "changes in pensions" I was made redundant at the end of 2011 and wanted to halt the payments for a few months while I settled into a new job. Despite contacting my IFA to get payments reinstated on two separate occasions this…