Q. I sometimes use my debit card when abroad to pay for unexpected purchases. When I do so I am often asked if I want to pay in local currency or sterling. I never know what to say and often ask the shop assistants advice, but they invariably say “it’s up to you”. What is… Read more »
Q. I am 55 years old and a member of the NHS pension scheme. Whilst I am not contemplating retirement yet, I am interested in the new pension flexibilities that are available where I could consider exchanging my pension for a one off lump sum. However, one of my colleagues has told me I am not… Read more »
Q. I have seen the term SIPP being used quite a lot lately when reading about pensions, what is a SIPP? A. This is an acronym for a “Self Invested Personal Pension”. As indicated, a SIPP is a type of personal pension that gives you a far greater level of freedom about how you invest… Read more »
Q. I am becoming a little frustrated with the lack of action from my current financial adviser. I have a Final Salary Pension scheme from the Local Government and I want to transfer this to a personal pension so I can access the new flexibilities and cash it in. Although he has been my adviser for… Read more »
Q. I retired before the new flexibilities came out in April this year. I have a pension annuity and have heard that I might be able to sell it, is that correct? A. It has been widely publicised that this may be an option from as early as April 2016. This was obviously announced under the last… Read more »
