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.

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571 views

Resign my job - can I claim tax return? how to claim pension contribution?

I am working as a postdoc in UK, resigning job and returning home. In that case can I claim any tax back? I paid pension contributions. How to claim that back? What else I need to take care of ...
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1answer
67 views

Performance Figures

I'm interested in evaluating pension funds and was looking at some past performance figures. In particular these funds (see page 35). When I look at these figures, how does this relate to what I ...
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2answers
149 views

UK Pension transfer to the US

I'm a naturalized US citizen. When I lived in the UK, as a British citizen, I amassed a small pension pot (about 50,000GBP). Is there any way to get that money transferred to the US (into another ...
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2answers
1k 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. ...
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1answer
75 views

Understanding 403(b) plans and Pension Plans

A company that I worked for long ago stopped mailing retirement savings statements or any info about my account. It took about a year for me to notice. They first switched from quarterly to bi-...
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1answer
63 views

Private pension ensurance - Split over multiple contracts?

What are the pros and cons of running several pension ensurances beside each other, instead of putting all the money into one ensurance? Model all in one: Contract A 2016 -> 100€/month Contract A ...
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1answer
60 views

Should the difference between taxable pay and gross pay be roughly equal to pension contributions

I am in the UK. My employeer changed payroll provider and ever since there has been many issues. With my old provider the difference between taxible pay and gross pay was almost exactly the pension ...
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2answers
68 views

Should my retirement portfolio imitate my saving portfolio?

I'm a 27, single and have no mortgage or outstanding debts. I've been building up a pension with my company and I only just realized I can choose which funds this is invested in. I'm wondering ...
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1answer
171 views

How to save on taxes due on a lump sum pension payment

Upon resigning from a company, if employer offers a lump sum pension payment of 100k, what are some ways to save on tax on this 100k? Assuming this 100k, is the only income that year, the RRSP room is ...
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1answer
90 views

Will interest rates on bank deposits ever fall close to 0 percent in India? [closed]

I wanted to know if interest rates will ever fall to close to 0 percent in India. + I would like to know that as close to 0 interest rates might affect the income earned through debt instruments at ...
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1answer
71 views

Commencing a Pension from an SMSF

If I have bought a number of investment properties through my SMSF during the accumulation phase, which are all or mostly paid off with net positive income by the time I reach preservation age and ...
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1answer
46 views

Understanding company pension plan monthly purchase of funds

A pension based on funds. What does it mean to add £500 a month to a pension based on funds? Does that mean, I will own an additional £500 worth of that fund each month based on how much of the fund ...
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0answers
167 views

Is Private Pension Worth It

I am 23 and now looking into what to do with some leftover monthly money. My question is whether getting a pension is worth it or not. Are pensions in general just scams? Am I just wasting money on a ...
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195 views

Early retirement options

I plan to retire early (around age 45). Living in Europe. My question relates to what order I should be saving / investing in now and what order to use that money when I get to my early retirement age....
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220 views

Pensions- what to do now that I am self-employed? UK

I am in my late twenties, live in the UK, and have recently started doing contract work in my own right for the first time. Since this means that I am now self-employed, I am obviously not paying into ...
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4answers
69 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 ...
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1answer
299 views

If you are layed-off by the US Navy, do you lose retirements benefits? [closed]

Sailors in the United States Navy get a pension after 20 years of service. A few days ago, I met a man who told me he had been laid-off from the US Navy after 17 years of service and that he now ...
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1answer
138 views

Continue contributing to pension vs waiving FICA

This is my first post! I have a little dilemma I have to decide whether I want to continue stop contributing to my city pension with the benefit that I will be able to waive FICA. Let me give some ...