New Posts For Thread: Thousands set to cash in pension potshttps://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-potshttp://www.bbc.co.uk/news/business-29799942Up to 200,000 people are set to cash in their pension pots all in one go next year, according to new research.From April 2015, all those over the age of 55 will have the freedom to take all their savings out^ that's wrong. He means BT.https://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542107111#542107111^ that's wrong. He means BT.Sat, 01 Nov 2014 10:32:19 -0500Good. That Royal Mail safe for a while longer then.https://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542107029#542107029Good. That Royal Mail safe for a while longer then.Sat, 01 Nov 2014 10:29:01 -0500It doesnt affect schemes based on a percentage of salary just personal ones that actually have its own pot of money.https://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542105049#542105049It doesnt affect schemes based on a percentage of salary just personal ones that actually have its own pot of money.Sat, 01 Nov 2014 08:31:18 -0500I assume that you can't draw it all out if you are part of a company scheme with a large deficithttps://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542105029#542105029I assume that you can't draw it all out if you are part of a company scheme with a large deficitSat, 01 Nov 2014 08:29:31 -0500It will cover our deficit for about half a week.https://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542104877#542104877It will cover our deficit for about half a week.Sat, 01 Nov 2014 08:20:17 -0500If the estimates prove accurate, the government could be in line for a tax windfall of up to £1.6bn.Excellent.They can keep the whole of sub-Saharan Africa going for another two weeks on that.https://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542097135#542097135If the estimates prove accurate, the government could be in line for a tax windfall of up to £1.6bn.Excellent.They can keep the whole of sub-Saharan Africa going for another two weeks on that.Fri, 31 Oct 2014 16:38:54 -0500No difference to me 1stTP as mine was linked to a %age of my salary.Be loads in that situation.https://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542096385#542096385No difference to me 1stTP as mine was linked to a %age of my salary.Be loads in that situation.Fri, 31 Oct 2014 16:01:11 -0500its hard to believe cos it isn't true - there's no way £100,000 would have got you £15,000 pa annuity 15 yrs ago unless you had serious medical issueshttps://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542096223#542096223its hard to believe cos it isn't true - there's no way £100,000 would have got you £15,000 pa annuity 15 yrs ago unless you had serious medical issuesFri, 31 Oct 2014 15:52:46 -0500hard to believe that 15 yrs ago a 100 grand pot got you over 15 grand and now struggles to get you 6,even harder to believe that in those 15 years governments and pension providers have bombarded people with advice to get involvedhttps://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542092073#542092073hard to believe that 15 yrs ago a 100 grand pot got you over 15 grand and now struggles to get you 6,even harder to believe that in those 15 years governments and pension providers have bombarded people with advice to get involvedFri, 31 Oct 2014 11:26:09 -0500What you can do is to "Vest" the fund, where you take out an amount to suit you, and leave an amount in the pot.You cannot pay in further but they will pay you an amount monthly, whatever your age at the time.https://community.betfair.com/chit_chat/go/thread/view/94038/30375125/thousands-set-to-cash-in-pension-pots?post_id=542089099#542089099What you can do is to "Vest" the fund, where you take out an amount to suit you, and leave an amount in the pot.You cannot pay in further but they will pay you an amount monthly, whatever your age at the time.Fri, 31 Oct 2014 07:52:16 -0500