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Company charging me for opting out of auto enrolement pension
Hi I hope someone can help, I have recently joined a new company and have decided to opt out of the pensio scheme as I am only on a 12month contract currently. I have now found out via my wage slip that I have been charged to opt out is this legal. I opted out of my last companies scheme and was not charged. This is what…
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trivial payment
My pension provider cis has told me I cannot take my pension for which I opted out of serps as a trivial payment as I am already in receipt of my voluntary contributions part of my pension plan. It wasn't made clear to me when I took out the pension that I couldn't have a lump sum payment if I was already in receipt of my…
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Pension fear
Back in 1987 as a service engineer, I returned to the workshop to be told by my boss that a pension expert had spoke to the office staff that day and had left forms for me to sign if I wanted a private pension taken out. Today I have received paperwork in the post and it looks like I do not have a state pension to look…
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cancel auto enrolment
Hi All, I have just noticed my salary was cut this month and a day after that the hr guy came to say I am now enroled on this scheme and they had a letter informing them if they do not enrol etc they will get fined. so I asked for my enrolment to be canceled and get refunded for whatever has been taken this month . the hr…
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Europcar Car Hire
Help Please I just had my car Hire in Porto with Europcar it had 3rd party Liability Insurance and Airport Fees and so on. When i collected the car they said that there were no insurance and therefore i would have to take insurance at nearly 400 euros for the 21 days which i had paid nearly £600 for the car hire back in…
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TAP Flights Issues
Help Please Back in Januaru 2014 i booked our flights to Porto for 3 weeks with expedia. A week before we travelled expedia contatced me and they said that our flights returning to the UK had been cancelled and that they would have to change them as they were no direct flights and i had to choose alternative route to the…
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Small company - who to use
My company has to setup a scheme to start next year. What's the most painless way of organising this - painless as in the least administration overhead but a reliable scheme? Nest?
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Too little salary for auto-enrolment?
I am mostly self-employed, aged 37, and don't have a current pension scheme, just an old and small NHS one. I've been putting money into ISAs instead, when I've been able to. I don't have a huge yearly income. I also work in a second job, earning about 8-9k per year. This might change next year depending on government…
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Calculating number of years of paying NI for state pension
Hello I've read several times recently on here that 35 years NI contributions are needed to earn full state pension. What I'm unsure about is if a few years in a part time job count towards this? I got my first job just after turning 16 and worked part time hours for 3 years until I went to university (1 of those years was…
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pension auto enroll
to whom it may concern I have had the experience of the government scheme which employers are required to provide a option for a personal pension plan ,however as the particular plan was based on a percentage of total weekly or monthly wages payment the more you earned the more you paid in .however my particular did not…
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Auto-enrolement transfer
My son has more than three months but less than two years auto enrolement pension with his previous employer. They have written to him saying he either has to transfer the fund to another pension or it will be refunded to him and the pension scheme. Most/all of the fund has come from the employer so he will be giving the…
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Probably a silly question but regards to law
So I am currently at a large company that does a work place pension, I am considering going to another company with offices based in the UK (London). I remember I asked before I went on holiday about the benefits, and specifically pension. They said I need to have worked there for 2 or 3 years to have one. Now, that struck…
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why wasn't i auto enrolled?
I apologise in advance for my ignorance - this is my first proper job so I don't know much about pensions. After being on as a temp, then on probation and then becoming a full time employee (yes, bit of a scum behaviour company trying to save money) I had to push the HR to get the pension forms - but after mulling over…
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Company charging me for opting out of auto enrolement pension
Hi, I have opted out of the auto-enrolement pension at work, but they are charging me 2% of my salary each month for admin costs!!! No money is being paid into the pension by me or the company so can they do this? I had no idea when i opted out that this would be the case. If I opt in I have to pay a 4% contribution…
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Opt out of auto enrollment
I have a stakeholder pension which I pay into via my employer. I am the only employee in this particular scheme. Everyone else is in a different scheme. With auto enrollment all employees including me will be auto enrolled into the main scheme. I am thinking of opting out asap after being auto enrolled and asking my…
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Can't understand why I've been auto enrolled
I got a letter today to say that I have recently "met the criteria" of earning over £9,400 so I've been auto-enrolled but I only earn just over half that. When I e-mailed them to enquire they said I'd done enough overtime to trigger it but I found a website that says you have to earn over £787 per month but the most I've…
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Need to access money in pension ..advice please
Hi, I am 55 next week and have a small pension of approx £5000. I have just phoned the company as I would like to take 25% now. I spoke to a really helpful lady who told me that instead of taking the £1200ish and then receiving a couple of hundred pounds a year I could transfer my pension to another company who may release…
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Confused about pension
Hi, I hope someone can advise me. I'm 60 in Oct and have a pension pot of approx £49,000. The pension is one I had with a company I worked for for 12 years, I no longer work for them. I would like to repay my mortgage as soon as possible and would like to know how I go about releasing this money, who do I approach in the…
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Need help understanding a pension
Hi, I was hoping someone could help me understand my new, first and only pension. So I start a new job tomorrow! And I've been auto-enrolled into a Local government pension scheme. I totally am into money saving and stuff, but a pension is something I don't understand. I am considering opting-out. But think it's hasty I…
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Change of Employer/Pension Pot
Hi there, This is my first ever post after years of snooping. Apologies if my question is 'daft' however I don't understand pension schemes very well at all. I was auto enrolled into a pension scheme with my previous employer (private sector) and this took place from 1st of August 2013. I have since changed employers and…