The Stack Overflow podcast is back! Listen to an interview with our new CEO.

Questions tagged [pension]

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

Filter by
Sorted by
Tagged with
2
votes
1answer
105 views

Drawing down a UK pension abroad

I am 30 years old and currently live in the UK. I am moving out of the UK in 3 - 5 years (to a country in Europe), where I will likely stay. My question relates to pensions, of which I have none. I ...
2
votes
1answer
107 views

What is the point of state pensions topup

The UK Government are offering a pension topup scheme details here: https://www.gov.uk/state-pension-topup Going on the above example, it would take 20 years to recover your initial 4k outlay ...
2
votes
2answers
544 views

What benefits are there to having a Pension (Retirement Account) In Ireland?

What benefits are there to having a retirement account called a "pension" in Ireland, as opposed to simply making investments of one kind or another for the same purpose? I am not really asking about ...
2
votes
2answers
337 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 ...
2
votes
1answer
48 views

Is Pension income a part of my Personal Tax Income

My parents retired, and they will be receiving monthly payments from pension and those things. We live in Ontario. Do these count towards their income tax brackets? Are there other taxes they should ...
2
votes
1answer
115 views

Moving out of the UK. What should I do with my UK personal pension?

I have been working for a few years in the UK and my employers created personal pensions and contributed to them. Now I'm moving out of the UK and I'm not sure what to do with these. As far as I know, ...
2
votes
1answer
137 views

Is UK part of my EU state pension lost after brexit?

I worked for a few years in a few EU28 countries. According to the principle of aggregation of periods each country will contribute to my pension. I am only 27 and it doesn't seem likely that I am ...
2
votes
3answers
344 views

Risks of selecting a pension plan in the USA

I am looking at a possible employment opportunity with a state-affiliated institution in the United States. They offer a couple of options for retirement plans, and one of them is a pension plan. Of ...
2
votes
1answer
14k views

My pf no on salary slip is MH/PUN/ Can anyone tell me how can I get UAN no if combination for Maharashtra-Pune becomes PU/PUN UAN Member Portal?

I work in India, Pune. I want to generate UAN [Universal Account Number] allocated to track the PF [Provident Fund, Govt. Pension scheme]. I was using government site Employee's Provident Fund ...
2
votes
1answer
174 views

OAS And spouse's allowance

I just turned 64 three months ago and am currently receiving spouse's allowance. Can I submit the OAS application now or should I wait?
2
votes
1answer
519 views

UK income tax relief on pension contributions (higher rate)

My question is regarding UK tax relief on pensions, and there are a couple of questions. Say I earned £52,385, exactly £10k over the UK higher rate tax band of £42,385. My provider would usually claim ...
2
votes
3answers
367 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 ...
2
votes
1answer
76 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 ...
2
votes
1answer
249 views

PV problem: lump sum payoff or continue quarterly payments

I am is faced with a choice of two alternatives. There really is no right or wrong answer, I just want to hear someone else's input/methodology. Here are the two choices: Keep paying $5,722.56 for ...
2
votes
5answers
158 views

What should I invest in other than pension or real estate

I live in South Africa, and the country is not exactly going in a good direction. I am 24 years old. I would like to start investing in something for my future. One option is to get a pension fund. ...
2
votes
1answer
59 views

Effects of moving around on pension

I'm currently a resident of the US, and I work here on an L1 visa. Prior to this I resided in the UK for about 2 years and I expect to move to Switzerland sometime in the next 10 years for work ...
2
votes
1answer
263 views

UK: is there a danger of pension confiscation? [closed]

Earlier this year I learned that Poland confiscated private pension funds and merged them into their public pension scheme to pay their debt off. I could not find any resources in any respected ...
2
votes
1answer
67 views

Rollover into bond fund to do dollar cost averaging [duplicate]

I elected to accept my former employer's pension buyout offer of $15K and roll it into my 401(k) plan. If I had this in cash I would invest it over time to leverage the benefit of dollar cost ...
2
votes
1answer
5k views

Do you still get CPP/OAS if you live outside Canada

If a Canadian citizen decides to spend retirement years outside Canada, do they still get the full amount for CPP/OAS? or do they need to have residence in Canada?
2
votes
1answer
206 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 I'...
2
votes
0answers
28 views

Transfer UK pension to AU super fund

Is it possible to transfer a UK pension fund over to an Australian Super fund? I am a NZ citizen currently working in the UK. I will most likely move back to Australia in a year or two, where I ...
2
votes
0answers
29 views

Residential requirement for Canadian living abroad to collect pensions?

I have been told by numerous individuals that one is required to return to Canada for a certain period of time, whilst living abroad, in order to continue to collect my Senior benefits from the ...
2
votes
0answers
39 views

Relationship between RRSP and Pension plan in Canada

What is relationship between RRSP and Pension? I know that contribution to Pension Plan reduces your contribution limit to RRSP but is it only certain kind of Pension Plan or all? Does it matter if it ...
2
votes
0answers
56 views

Do I have to pay into Canada Pension Plan (CPP) as part time contractor?

I have a fulltime job with a company but in my spare time I do some contractor work for a few clients I gathered overtime. I understand that I have to pay income tax at the end of the year over my ...
1
vote
2answers
961 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 ...
1
vote
1answer
931 views

Cold email from DeVere Germany, who are they?

I recently received an email out of the blue from deVere Germany talking about my UK pension and Brexit. I've never had contact with the company before and never gave out my email to them. Apparently ...
1
vote
1answer
319 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
2answers
101 views

Payroll pension contributions- UK higher rate tax relief

In the UK, a higher rate taxpayer who contributes to a pension scheme is entitled to pension relief to recover the difference between basic rate and higher rate tax for pension contributions. (HM ...
1
vote
1answer
241 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
157 views

Is the earliest retirement age set by candian government or by the employer

My employer tells me that there is a concept of an 'earliest retirement age' which happens to be 55. basically if I retire at 55 instead of 65, the formula for the company pension (not Canada pension ...
1
vote
2answers
279 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 ...
1
vote
2answers
69 views

Death benefit into IRA or cash for mortgage

I am the beneficiary of what was left in my mom's state pension fund. I don't know how much it is, but the state estimates most people run through their pension funds (when they chose that option) in ...
1
vote
1answer
82 views

How can I estimate future pension pot limit?

To ensure I don't overflow my pension in future, I require some way of best-guessing what the pension pot limit will be when I retire (it's currently £1.25M, soon to be £1M due to new policy). ...
1
vote
1answer
160 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 ...
1
vote
1answer
4k 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 http://www.dnaindia.com/india/report_we-...
1
vote
1answer
75 views

What's the best way of dealing with pensions in the UK

I'm currently living in Cambridge, UK. My company contributes 5-15% of the salary to the pension. I'm planning to permanently move abroad in 3 years. I can opt out of the pension, or stay in the ...
1
vote
2answers
305 views

Projected Benefit Obligation vs Accumulated Benefit Obligation

I am looking at an annual report from a company, with the goal being to assess the financial standing of their pension plan. I have come across a chart that outlines the companies pension liabilites, ...
1
vote
1answer
81 views

Is it safe to have pension plans with an insurance company with a strong brand but not-that-good credit rating?

I am looking for a pension plan and as part of my investigation, I am checking the credit ratings of the company(eg Moodys). What I am seeing is that the company is having a Baa2 rating. Though the ...
1
vote
1answer
97 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 ...
1
vote
2answers
128 views

How to balance the risk of owning one real estate?

I am about 45 years old and recently began to receive a US government pension, which I do not require for current expenses. The monthly payment is about a quarter of my living expenses, but due to my ...
1
vote
4answers
72 views

Does it make sense to contribute extra payments to European state pension funds, considering the projected birth rates?

The average total fertility rate in Europe is below 2.0, which means that with each passing year the workers-to-retirees ratio will keep decreasing. From my understanding this makes it likely that ...
1
vote
1answer
121 views

Taxes in the UK

I am an EU citizen that recently moved to the UK. I lived in another EU country for the last few years and started a pension saving account there. This account is still open but I live and work in the ...
1
vote
2answers
634 views

Pension + Pay Compensation Calculation

How would you do a simplified calculation of your compensation with an added pension. E.G. Your pay is $50,000. Your employer will pay you roughly $0.33 for every dollar you earn after you retire. It ...
1
vote
1answer
110 views

Pension Investing dilemma

I'm 61 years old, recently retired and need to decide how to take my pension from my former employer's pension fund. This is a church-affiliated hospital system pension fund in the USA and is ...
1
vote
1answer
70 views

historical data for analysing pensions [closed]

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 ...
1
vote
1answer
2k 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
25 views

What will my LGPS pension refund consist of?

I have recently changed jobs. My previous pension was with Scottish Widows and contributions were done through salary sacrifice. I now have a LGPS (Local Government Pension Scheme) pension and have ...
1
vote
0answers
52 views

How much money do I lose when I move from defined benefit pension plan to a hybrid pension plan

I am moving from a company with a defined benefit pension plan to one with a hybrid pension plan(DB + DC). I understand that the defined benefit pension plan uses a set formula to calculate the ...
1
vote
0answers
81 views

Will the IRS go after foreign countries' pension if you owe taxes?

I am a 70 year old retired Irish citizen living in Ireland. I did live in the USA. Unfortunately, I recently learned that I owe the IRS $15k in taxes from a 401k withdrawal. I own nothing in the USA ...
1
vote
0answers
36 views

Tax sheltered investment vehicles for retirement in Canada

Is there any investment vehicles to tax shelter income for retirement on top of RRSP & Pension? I know about LIRA. When you switch job you usually get your pension funds transferred into LIRA. ...