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Retiring this year. Have to decide whether to take larger pension and smaller lump sum or commute some of pension to achieve a larger lump sum. The rate is £1 of pension realises £12 extra lump sum. What is best option for a cautious investor who is likely...
Started by on , 12 posts by 9 people.  
12:1 suggests a government scheme schemes increase pensions....
If you are about to be 65, you may like to check) it is generally best to keep the higher pension and forgo the larger LS.
Live long, the larger pension may be attractive.
My friend will be 65 in November 2015. Under the present pension and pension credit rules he thinks he would only get the pension and not the pension credit because he has too much saved. Yet under the proposed new regime he would get the new flat rate...
Started by on , 18 posts by 7 people.  
However....
Under the present pension and pension credit rules he thinks he would only get the pension and not the pension credit because he has too much saved there might be a problem.
Hi First time posting! Anyway my husband has had to take ill health retirement at the age of 52. He suffers with severe osteroarthristis of the spine but we hope he has many years left in him yet!Looking at his company pensions the decison regarding lump...
Started by on , 19 posts by 10 people.  
Hi, on the face of ....
This is assuming that his medical condition isnt significantly life shortening .
On those figures the higher pension certainly looks far more valuable than the lump sum, spectacularly so if the pension is index linked.
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Hi Folks, I have a question regarding my mother's pension that I hope you can help her with. She is 59 and still working. She plans to work until at least she is 62, possibly even later. She has an old-fashion pension from a former employer that will ...
Started by on , 21 posts by 15 people.  
This would favor the annuity 5) Is there a COLA or possible COLA down the road dave Assuming that the pension enough compensation for a ....
1) Does she consider the traditional pension safe? Over the long haul this could.
Considerations.
Hi Folks, I have a question regarding my mother's pension that I hope you can help her with. She is 59 and still working. She plans to work until at least she is 62, possibly even later. She has an old-fashion pension from a former employer that will ...
Started by on , 11 posts by 7 people.  
Is the pension plan? Is this offer a sign that they are in trouble? There have been some very painful stories in my state (CT) of bankruptcies of medium sized businesses where the pension fund turned out that the company might be gaming....
I already have a works pension. When I get my Old Age Pension? how will they know how much tax to deduct from it?
Started by on , 4 posts by 4 people.  
Answer Snippets (Read the full thread at yahoo):
Hi David at present you have your occupational pension so when your state pension is due they send your occupational pension payee a new tax code which is going to be reduced so you pay tax on the national pension so it will....
I am part of Nominated Health Agencies & Voluntary Hospitals pension scheme. Have 40 years service and over 520 Class A PRSI contributions. Will be 65 in 2013. Will I have to wait until 66 yrs to claim Contributory State Pension element of my pension....
Started by on , 2 posts by 2 people.  
State Pension Transition....
You can claim State Pension Transition at age 65 (as you've said, make your claim at least 3 months before your retirement date), and you should switch automatically to State Pension Contributory at age 66.
What do you plan to do for money in your retirement? Do you have a good pension plan, no pension at all, can't afford a pension or banking on downsizing your home?
Started by on , 25 posts by 20 people.  
I have pension but plan to never see it Have always paid the max into my company I will get state pension at 67 (not....
No pension worth talking about plus a fairly high standard of living means that I will never be able to stop work.
Pensions??? just woundering how many of you pay into a pension scheme
Started by on , 14 posts by 10 people.  
I have a good civil service pension and once my children are both need to touch it til I'm REALLY REALLY old....
I asked about a pension when I was divorced in my early 40s - I went to an independent consultant the best path for your future.
I am 49,50 in July 2012, I have a few private pensions with Winterhur,Stagecoach group and Scottish widows plus a Local Government Pension, I have not paid into any of them for 2.5 years and due to a medical condition I am unable to work. I really need...
Started by on , 3 posts by 3 people.  
You may be able to have the LGPS pension paid early due to ill health http://www.lgps.org.uk pension may also allow this.....
Pension, I have not paid into any of them for 2.5 years and due to a medical condition I am unable to work.
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