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Now that I've opted out, SIPP?
As I work for five different agencies and earn small amounts from each, I decided to opt out of the one agency ( getting the least work from it) that had auto-enrolled me. However, I was wondering about putting a large percentage ( perhaps even 100% at times) of my earnings into a SIPP. But I don't understand the mechanics…
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Nest or ISA
Currently my son is doing casual work for an Agency. I want to save £50 in his nest pensions every month or make a single contribution. He has only got £150 in his pot. I would like some advice whether it will be worth doing as if I start saving £50 monthly now even if he does not work. How much will be there in the pot…
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How long do I have to opt out?
I work part time while studying and am planning on leaving my current employer within the next 6 months. I was auto enrolled into pension on 1st October and have so far made one payment in the region of £2 :cool: I don't think it's worth me continuing with these tiny amounts for this short time as the hassle involved in…
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confused pension newbie
Hi all, Please forgive me if these are silly questions. I feel like MSE is the only place where I can say that I do not understand without fear of being laughed at etc. My company has recently started the auto enrollment since August's pay. I know that my company will be putting in a certain amount each month. Also that…
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Opting out of pension scheme - student placement
Hi there I have been working for local government since 1st July on a student placement as part of my university sandwich course. The placement will last for a year. I have been paying pension contributions since I started (approx £100 a month) into their LGPS (Local Government Pension Scheme). I was automatically enrolled…
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N.E.S.T is it worth it
I an 56 next year (omg) and will have probably about 11 years paying in to the new pension. I have calculated my self and using the pension calculator on the nest web site and arrived at a total pot of around 11,000. I can take 25% tax free (£2,750) and will get £500 annually (£40 monthly). This goes down depending if I…
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MSE News: Automatic pension enrolment - what it means for you
"From Monday, up to 11 million workers will be automatically enrolled into workplace pensions ..." Read the full story: Automatic pension enrolment - what it means for you
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Late payments into pension
My employer has recently started a new auto-enrollment pension scheme. Employee contributions have been deducted from my salary in the last 3 months but so far only the contribution from my August salary has reached my pension account on 1st October (over a month after it was deducted from my salary). At the moment my…
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Nest auto enrolment for agency workers
My friend who works for an agency has been enrolled on nest. She does not seem to understand anything about it but was told if she has any questions to ring NEST. My friend likes to do casual work as she likes to travel, she does agency work, saves some money and then she is off. She asks me whether she should opt out, I…
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Auto enrolment, what funds?
I'm wondering what provider other posters are going to be put with and what funds they intend to put their 1% + 1% into? Is it better to go for low cost 0.51% trackers, or the higher more exotic funds?
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should i pay into a pension now with auto enrolment coming in?
I am 31 and have no pension and no savings. I'm an idiot, i know. until yesterday i knew nothing about auto enrolment and was stressing over stakeholder pensions, pp and pipps. My employer employs around 90 people. now if i've understood it correctly he will have to introduce auto enrolment next year and he will only have…
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Is this a benefit?
Hi there - I am going to a meeting and these new pension schemes are to be discussed and it looks like they will be sold to us as a benefit/perk. Possibly to cover over lack of pay rises etc...... In my mind it would only be a benefit if they were to contribute more than the minimum required otherwise we are the same as…
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Pension for Short Term Contractor
I have a potential employer, one I've worked with many times before who have the auto enrolment of the new pension scheme. Question is what if I'm not a permanent member of staff? I might be there a few months and then might be there again in the future. Other times I'll be with other companies. Is it worth keeping opted…
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Unable to transfer pension
Actually asking on behalf of an irate work colleague who was too late to opt out of our company pension and now has been told he is unable to transfer his funds to his private pension. Our company has told him that the 2 months monies he paid in which don't amount to a great deal can't be refunded back to him. So if his…
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Age 58 receiving pension from previous employer
My husband was made redundant in 2009 (21 yrs with the company) which closed. He took a lump sum and monthly payment from the pension at 55 now being paid by Ppf. Unemployed for nearly 2yrs he was lucky to get job with current employer, pension payment of 6% of salary due to start October. Is it worth paying this for 8/9…
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retiring soon is it worth it
Hello,I'm enquiring for a friend who is reting in 42 months time and is wondering if it is worth joining or opting out of the new scheme. Also considering her pension pot,based on her calculations (her contributions,her employers and her tax relief etc) will be around 3-4k will she be given her contributions back in one…
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I do not meet the criteria and Maximum amounts?
Hy folks Firstly, my partner earns less than the criteria for AE, She earns around £6000 a year. She want to opt in. They have emailed her and asked her what she wants to pay in, e.g 1% 2% 3% etc... Will all of the same conditions apply to her if she opts in as with the people who are Automatically Enrolled ... ? What is…
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When will first deductions come for auto pensions
For a firm with 300 employees, in which month will the first payment cons of pension .. Under auto-enrolled scheme take place?
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Large Employer/No Autoenrollment?
I'm just about to start work for a large private healthcare company as a nurse and thought there would be some kind of company pension scheme but it appears otherwise as my contract specifically says that there is no employer pension scheme and the employer pays no contributions, only that they will provide details of a…
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NEST fraud costs members £1.45 million
The NEST auto-enrolment scheme members suffered a loss of £1,446,000 due to fraud around the end of last year. The money didn't come from members but will have to be paid for by them. The loss represents £4.82 of loss on average for each of the 300,000 customers of NEST. This was "supplier bank mandate fraud", where the…