September 27, 20196 yr I've just discovered a pension plan I never knew I'd started. Nothing spectacular but a pleasant surprise nonetheless. I have a workplace pension and another one from the last place I worked. Is it worth combining them into 1 or 2 pensions? Or just contributing to all 3? I rang Aviva and the questionnaire they've sent me looks like an exam for string theory. Any experts on here who can offer some basic advice? Ideally, how I can get the money now as I'm highly unlikely to make retirement age.
September 27, 20196 yr Bolton Diver will tell you. I had two local government pensions once, but was advised not to merge them at the time as it would have yielded lower results.
September 27, 20196 yr Wife had a pension with Littlewoods and despite many requests, have been unable to have them cash it or transfer it or let her claim when she reaches 55 (next year). She only paid in for about 18 months before leaving the company but they send her a nice glossy magazine every year to let her know how little it's worth.
September 27, 20196 yr 1 hour ago, Spider said: I've just discovered a pension plan I never knew I'd started. Nothing spectacular but a pleasant surprise nonetheless. I have a workplace pension and another one from the last place I worked. Is it worth combining them into 1 or 2 pensions? Or just contributing to all 3? I rang Aviva and the questionnaire they've sent me looks like an exam for string theory. Any experts on here who can offer some basic advice? Ideally, how I can get the money now as I'm highly unlikely to make retirement age. You can't access it until you are 55 (in current legislation, which is under review) Always happy to help; PM me your number and I'll call you
September 27, 20196 yr Author 29 minutes ago, boltondiver said: You can't access it until you are 55 (in current legislation, which is under review) Always happy to help; PM me your number and I'll call you Will do mate cheers👍
September 27, 20196 yr 1 hour ago, Spider said: I've just discovered a pension plan I never knew I'd started. Nothing spectacular but a pleasant surprise nonetheless. I have a workplace pension and another one from the last place I worked. Is it worth combining them into 1 or 2 pensions? Or just contributing to all 3? I rang Aviva and the questionnaire they've sent me looks like an exam for string theory. Any experts on here who can offer some basic advice? Ideally, how I can get the money now as I'm highly unlikely to make retirement age. I've got one from that I paid into for about 9 months when I was on the IDN gravy train. It must be worth a veritable fortune with all the DDT tapes I was knocking out. In between knocking one out in trap 2.
September 27, 20196 yr Author Just now, kent_white said: I've got one from that I paid into for about 9 months when I was on the IDN gravy train. It must be worth a veritable fortune with all the DDT tapes I was knocking out. In between knocking one out in trap 2. Check it, you may be pleasantly surprised. You filthy wanker.
September 27, 20196 yr 2 minutes ago, Spider said: Check it, you may be pleasantly surprised. You filthy wanker. Seem to remember filling in a load of forms for it some time ago but never heard owt back? Worth doing then? I think I only paid about a fiver into it a month or something. Basically whatever the least I could get away with putting in!
September 27, 20196 yr 15 minutes ago, kent_white said: In between knocking one out in trap 2. 14 minutes ago, Spider said: Check it, you may be pleasantly surprised. You filthy wanker. What, exactly, are you encouraging him to check?
September 27, 20196 yr So say for example I worked as a young un at the odd job and I paid into a pension, is there a bit of cash sat away for me? Do I just need to contact them to find out?
September 27, 20196 yr Micky D is laughing all the way to the bank,as you are all paying his pension. Same as part time poster barnstonworth, council workers robbing us hard working citizens , and we can’t get our bins emptied each week 🤔
September 27, 20196 yr I had 2 or 3 the best one was when I contracted out of serps years ago, I used a local company who advised me to put them in one pot, they’ve increased by about 10% in the last 2 years which while not great I’m happy with. Seek professional advice which you’ll pay for but I think worth it. Just started a salary sacrifice scheme and for £500 a month the contribution is nearly a grand. Edited September 27, 20196 yr by Mounts Kipper
September 27, 20196 yr Author you Should definitely check. Seems the money keeps working away in the background. Bolton diver is your man.
September 27, 20196 yr 42 minutes ago, Mounts Kipper said: I had 2 or 3 the best one was when I contracted out of serps years ago, I used a local company who advised me to put them in one pot, they’ve increased by about 10% in the last 2 years which while not great I’m happy with. Seek professional advice which you’ll pay for but I think worth it. Just started a salary sacrifice scheme and for £500 a month the contribution is nearly a grand. Salary Sacrifice is by far the best way to build a sizeable pot quickly. In my last 2 years of working I ended up sacrificing 73% of my salary which was the best decision i ever made Edited September 27, 20196 yr by Salford Trotter
September 27, 20196 yr I’ve got 15 years of a final salary scheme locked away which gets me c20k per year on retirement. Current employer is salary sacrifice and I put in 400 they put in 800 which is max percentage contribution I’m allowed for them to add there bit. I can add more but isn’t matched at all by company. ‘By time I should be getting 3-4K per month pension depending on what bonuses I chuck in between now and then.
September 27, 20196 yr 7 minutes ago, Escobarp said: I’ve got 15 years of a final salary scheme locked away which gets me c20k per year on retirement. Current employer is salary sacrifice and I put in 400 they put in 800 which is max percentage contribution I’m allowed for them to add there bit. I can add more but isn’t matched at all by company. ‘By time I should be getting 3-4K per month pension depending on what bonuses I chuck in between now and then. How many season tickets are you buying
September 27, 20196 yr 3 minutes ago, Smiley said: My pension is with Thomas Cook Your pension is Thomas Fooked then.
September 27, 20196 yr 20 minutes ago, radcliffewhite1 said: One thing I regret is not paying into a pension, is it too late now? Definitely not - you’ve still got plenty of years to contribute. State retirement age will be at least 68 for you
September 27, 20196 yr 1 minute ago, Biggish Dave said: Definitely not - you’ve still got plenty of years to contribute. State retirement age will be at least 68 for you If have to slap a load away each month though?
September 27, 20196 yr 2 hours ago, victor meldrew said: Micky D is laughing all the way to the bank,as you are all paying his pension. Same as part time poster barnstonworth, council workers robbing us hard working citizens , and we can’t get our bins emptied each week 🤔 If we bump into each other in Portsmouth, remind me to tell you to fuck off. 🤣
September 27, 20196 yr 14 minutes ago, radcliffewhite1 said: If have to slap a load away each month though? The more you put away the better obviously but anything you save is better than nothing and growth will be better than the average bank account. Don’t forget, for every £100 you save, Hmrc will add a further £25 too
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.