For questions related to pension, which are usually contracts to pay an individual a fixed sum after retirement from an organization or service.

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5
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2answers
254 views

What pension options are there for a 22 year old graduate in the UK?

Following graduation last July, I've managed to save quite a significant amount of 'emergency wonga', for those rainy days or, more likely, the catastrophic end to my job. Anyway, now that I have a ...
5
votes
1answer
506 views

Financial loan/pension jiggery pokery?

Without my asking my bank has offered me a £10,000 loan over 3 year at 3.8% APR fixed. They say that over 3 years the total amount payable will be £10,586.52. This sounds quite good VFM. On the other ...
1
vote
1answer
39 views

historical data for analysing pensions

It is my contention that one of the benefits of a pension is that it provides a system for age-averaging. Imagine three people, each born five years apart (say 1960, 1965 and 1970). These three ...
6
votes
1answer
61 views

Can you change auto-enrollment pension provider? And what happens if you change jobs?

I'm trying to figure out if someone who has been auto-enrolled in a company pension scheme can change their pension provider. I opted out of the pension provided by my company because I couldn't ...
4
votes
4answers
536 views

Retirement - Annuity or not?

I have a pension worth around £150k and am due to retire soon. With the new pension rules in the UK, what would be some good options to maximise my income post-retirement? Annuity - I will be ...
7
votes
4answers
688 views

Pensions, annuities, and “retirement”

I already knew about pensions, but I’ve just heard of annuities today. The DifferenceBetween.net article “Difference Between Annuity and Pension” says, A difference that can be seen between ...
2
votes
1answer
60 views

Should I/Can I consolidate multiple company pensions?

I've been paying into pensions since I got my first job after leaving university. I've changed jobs 4 times over 10 years and I now have a scattering of company pensions from various providers. So ...
3
votes
5answers
496 views

As a contractor, should I overpay my mortgage or contribute to a pension?

My specific situation is:- Early 30s Software contractor via a ltd company Resident in Scotland Higher-rate taxpayer Mortgage at ~5% (variable 4.5% above BoE), LTV about 75%. I'm allowed to overpay ...
0
votes
2answers
65 views

What is meant by pensionable earnings

On my T4 from my employer, it says : CPP/QPP pensionable earnings. And there is an amount for this field. What does this mean? Is it the pension I am going to get when I turn 65? I dont think so. ...
0
votes
1answer
155 views

What are the pros/cons of these investment types?

My UK pension company allows me to make one-off online payments, and surprisingly I found out I can invest the money in any way I want. My options are as follows: International All Share ...
1
vote
1answer
106 views

Double entry bookkeeping for a defined benefit pension scheme

I'm a member of the UK's Civil Service pension scheme nuvos which is a defined benefit scheme and I use double-entry bookkeeping software (Gnucash). Every month this happens on my payslip: ...
1
vote
0answers
36 views

General resources for people living in Europe

It seems difficult to find books and articles about investing that are not focused on the US. The situation in Europe is a bit more complicated, with every country having its own laws - one usually ...
0
votes
0answers
98 views

Teacher moving to another state: transfer retirement savings from previous TRS?

I am a teacher who moved from GA to CA. I have money in the Teachers Retirement System (TRS) there and I am wondering if I should move it to a CA-based fund. What are the pros and cons?
2
votes
2answers
192 views

Ready to invest but I'm overwhelmed with the number of brokers and services

I have £15,000 - £20,000 to invest for the long term and I've researched what I will regularly invest in to: Pension, Index funds, Bonds, small number of individual stocks (maybe) as well as my cash ...
3
votes
2answers
104 views

Can/should a foreign person working overseas for a US company contribute to a 401k?

Our company (US-based) is considering hiring a foreign citizen (UK) to work for us in the UK. I believe that they CAN contribute to a 401k, but should they? Do they receive the same benefits from the ...
0
votes
2answers
117 views

How to calculate the potential difference of putting money into buying my house vs paying it into a pension

I've been wondering for a while if I would be better off stopping my pension payments and paying the money off my mortgage and paying it off more quickly. Then I would rent out the house and start ...
5
votes
1answer
668 views

Should I combine all my pension pots?

I live in the UK. I have a private pension with Scottish Widows and a University pension which is superannuated. I no longer pay into the SW pension as a legacy of money difficulties in 2010 which are ...
1
vote
2answers
374 views

How much should a 24 year old contribute to a pension?

Im 24 and going to set up a pension. I don't know how much to contribute. Can anyone give any advice on how much they think I should contribute? My employer doesn't offer any pension benefits and I'm ...
0
votes
0answers
39 views

What should I take into consideration when deciding whether to transfer a pension fund?

I have a pension with a previous company, and a pension with the company I am working for now. The two pensions are very similar as far as I can tell. How should I decide whether to leave the old ...
3
votes
1answer
188 views

Do I have to pay an advisor 3% to transfer a pot of £49,000 to another pension provider?

I am looking to re-invest a stand-alone pension (originally called an AVC pension: Additional Voluntary Contributions pension) so that I can take 25% as a tax-free lump sum and retain flexibility in ...
8
votes
3answers
507 views

Housewife pension options

We live in the UK. I have a job and pay into a company provided pension (with the company then paying in some extra). My wife left her job a couple of years ago and is now a 'house wife' aka ...
7
votes
1answer
220 views

Can I still claim my Hong Kong-based MPF pension if I move elsewhere?

I am 60 year old and I will not be living in hong kong in the future, would I still be able to claim back my mpf?
2
votes
1answer
50 views

Why would you use an IFA for choosing a pension fund

I've been trying to sort out a pension fund and been talking to an advisor from st. james place, who whilst admittedly not exactly an IFA does seem to know his stuff. But their fees are relatively ...
3
votes
1answer
104 views

Is there any way to cash in a pension fund?

The last company I worked for (I'm in in the United Kingdom) had one of those schemes where the company puts a certain amount of money every month into a pension fund. I quit my job and now I keep ...
2
votes
1answer
43 views

Extra revenue for retiree receiving a basic public pension

I have an online blog that I don't use. It generates some money through ads but not enough for me to spend time on it. My mother wants to take the blog and maintain/update it herself and receive the ...
2
votes
1answer
203 views

What should I do with a low value pension that I probably won't contribute any more to?

About 7 years ago I was employed by a small company. They set up a pension fund for me which I contributed to while I was employed there. When I eventually left the company to study, I found out that ...
3
votes
1answer
56 views

How should I include pension contributions in my UK Child Benefit calculations?

I'm using the gov.uk Child Benefit Tax Calculator and I don't know how I include my pension contributions in the "Pension contributions deducted from your pay" and "Pension contributions not paid from ...
1
vote
1answer
231 views

Is it possible to use part of my pension to pay loans, or to opt out of the pension scheme altogether for a few years until my loans are paid?

I have so far worked in Singapore, Norway, and now in the UK. My knowledge about pension scheme in general is very limited. What I only know is that part of my gross salary goes to tax and part of it ...
1
vote
1answer
95 views

Undestanding the new UK Pension laws

I have this scenario and I am having problems understanding how this scenario fits into the upcoming pension laws (mentioned in the latest budget). A man who is 66 now and 67 on the 8.11.14 has ...
0
votes
1answer
167 views

Do UK tax rules allow you to hold Bitcoin in a SIPP?

Do United Kingdom tax rules allow you to hold Bitcoin in a self-invested pension plan?
3
votes
2answers
430 views

Understanding my pension plan

My employer offers a pension plan. According to the plan documents: Effective November 1, 2009 you accrue benefits on a monthly basis under the 2009 Benefit Formula, the sum of which determines a ...
13
votes
7answers
2k views

Pros & cons in Hungary of investing retirement savings exclusively in silver? What better alternatives, given my concerns?

For my retirement savings, my strategy is to buy a decent amount of silver (8% of my salary, roughly 1 month) every year to put away in coin form. I am currently investing in nothing else for the long ...
3
votes
1answer
117 views

Does one need to pay income tax on pension income in Canada?

When a person starts getting a pension from an employer or from the government after retirement, is he supposed to pay income tax on that pension? Will he pay tax at his marginal tax rate? I would be ...
2
votes
2answers
105 views

What to do with DB pension funds after leaving company in late 20's?

I'm trying to understand if I can roll my defined benefit pension plan into my IRA and invest it that way. I assume I can let it sit in the pension account and earn the interest credits between 2-10%. ...
6
votes
2answers
279 views

How does the Pension system work in Poland?

I've been reading articles I found in chat about the Polish pension system and how it is changing. (Chat room: http://chat.stackexchange.com/rooms/22/show-me-the-money) I'm trying to understand how ...
1
vote
1answer
3k views

what is the meaning of allowing FDI in Insurance and pension funds

I want to know with respect to following news http://www.hindustantimes.com/business-news/WorldEconomy/Pension-insurance-get-FDI-boost/Article1-939798.aspx ...
5
votes
2answers
639 views

Evaluating a Job Offer: Defined Benefit Retirement vs 401K is the salary increase enough to make the move

I am currently enrolled in the NYS Employee Retirement System and would get up to 66% of my highest three years as a retirement pension. My current employer also contributes $2800 a year to my private ...
5
votes
2answers
174 views

What type of pension should I get?

I am in my mid 30s and am employed full time in the UK. I am currently in a company pension scheme with around 7k in it, but I'm about to start a new job and must leave the scheme. I have the option ...
13
votes
3answers
1k views

Pensions, why bother?

Ok this question is going to show my age, but its something I've been thinking about for a while and can't quite figure it out Why bother with a pension? I don't understand, why should I put away ...
4
votes
3answers
140 views

Is it better not to compartmentalize savings for multiple financial goals and better to imagine it as a single corpus?

I had an introductory meeting with an independent Certified Financial Planner who mentioned that: People tend to allocate a certain amount for their children's marriage, or buying property or ...
4
votes
2answers
280 views

Is accepting a pension cashout (either on retirement or termination of employment) better than an annuity?

After the vesting period, all funds my employer contributes to the pension fund on my behalf are listed as being "mine", and upon end of employment (retirement, voluntary termination, etc), I have the ...
5
votes
2answers
7k views

Is Pension Benefit Information (aboutmyletter.com) legitimate?

I received a letter in the mail from a company called Pension Benefit Information saying that they had been engaged by my former employer to confirm my current mailing address because I have a balance ...
6
votes
2answers
3k views

Value of Pension in regards to salary negotiations

I've been advised from careers.stackexchange to post this question here as it's more financial than career advice. I've received a job offer from a company and I'm looking to make a strong ...
3
votes
1answer
84 views

US Tax Pitfalls for People Having a Pension Plan Abroad

I am a tax preparer and I'm trying to help a client who is a Peruvian born and now a United States citizen. Before coming to USA and while living and working in Peru, he accumulate a considerable ...
3
votes
1answer
88 views

Should I take a separation benefit from a pension or wait until age 55 to get employer matching?

I worked at the University of Wisconsin part-time briefly, before Gov. Scott Walker's reforms. As a result I have about $2000 in the pension system, $1000 that I was required to contribute and $1000 ...
3
votes
2answers
349 views

How to take care of pension funds if career is spread over many different countries?

I am a young academic from The Netherlands presently working in Sweden. Due to the nature of modern Academia, I expect that within the next 40+ years, I will be working in many different countries ...
4
votes
1answer
3k views

What does it mean if my firm's retirement pension (not 401K) plan is incrementally vested?

I'm beginning work at a firm with an incrementally vested retirement pension (not 401K) plan that is incrementally vested for 20% for each of the first five years. After five years, I'm 100% vested. ...
3
votes
1answer
187 views

What is the difference between state pension plans and defined contribution plans?

Googling "State pension plan" I get the result as shown here: http://www.direct.gov.uk/en/Pensionsandretirementplanning/StatePension/index.htm. As described on the webpage, "Once you claim your State ...
5
votes
1answer
55 views

New Pooled Registered Pension Plan details?

Does anybody have a good summary / commentary on the new Pooled Registered Pension Plans recently passed by the Canadian gov't? ...
1
vote
1answer
237 views

Hong Kong Mandatory Provident Fund contribution strategy

I'm moving to Hong Kong and understand that (almost) every employer and employee must contribute to the MPF (Mandatory Provident Fund) pension fund. However the maximum contribution levels are very ...