Q. I am a member of the University Superannuation Scheme, which has recently been changed. Part of my contribution is now going to go into an “Investment Builder” plan, which is invested in a fund I have to choose. I also have the option to make an extra contribution of 1% of salary, which will… Read more »
Q. In a previous reply you mentioned a service where you can trace previous pension schemes. Can you give me further details of this? A. The Pension Tracing Service is a free service run by the Department for Work and Pensions and aims to reunite people with Pension savings they may have lost track of… Read more »
Q. I am considering cashing in my personal pension fund which has a value of £20,000. Will this have any impact on my Employment Support Allowance? A. This is a very common question, and the short answer is yes, it will. If you have a pension arrangement, it will not usually be taken into account… Read more »
Q. I have had my payslip through and the amount of National Insurance I am paying seems to have gone up considerably. Why didn’t I hear something about this, as it seems like a tax increase? A. I am guessing that you are a member of a pension scheme which was contracted-out of the State… Read more »
Q. I am approaching 65, my wife is 63, and we have a shortfall on the savings plan to repay our mortgage, which stands at £40,000 when it is due in a few months time. The value of our home is £300,000. We could move to a smaller property, but we are very settled in… Read more »
