Marc Gander - The Consumer Survival Handbook

A 220 page introduction to all things consumer related by our own BankFodder.

Includes energy companies, mobile phone providers, retailers, banks, insurance companies,debt collection agencies, reclaim companies, secondhand car sellers, cowboy garages, cowboy builders and all the rest who put their own profits before you.


Patricia Pearl - Small Claims Procedure - A Practical Guide

An excellent guide for the layperson in how to use the County Court - a must if you are intending to start a claim.

£19.99 + £1.50 (P&P)

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  1. #21

    Default Re: dissolved Company Pension trustee

    I have applied to the regulator to become Trustee of the epp.

    I also got a financial advisor involved to assist me through the process of what to do with the epp and what can take out/ reinvest.

    Hopefully, now the ball is rolling in terms of being a Trustee of the dissolved company pension fund, what I can and can't do - and when - with specific reference to the terms of this epp pension - will become clearer.

    fwiw - when set up it was possible to elect a retirement age below 55...

    I will keep updating. I think my experience may help others in similar situations.

  2. #22

    Default Re: dissolved Company Pension trustee

    Retiring before you are 55 is always possible( fund rules a dependent) it is just you lose all of the tax breaks so as soon as you take a penny it counts as income for that year and you could end up with a tax bill of 55% of you total income for that year. then the tax computer assumes that you are earning this much every month and you take another year being taxed at 55% to get back to square one.

  3. #23

    Default Re: dissolved Company Pension trustee

    I just thought I would add a little update here.

    As it happens I had a really rare executive pension plan which enabled me to take - very early - all the money out of the fund, transfer it all into a S32 pot in a new pension company.
    I could then take out the tax free lump sum that the original fund had calculated and agreed - based on my previous income/ tax returns before 2006.
    The outstanding amount then got transferred to a separate fund within the new Pension Company - to an assortment of investments which my financial adviser recommended - and this will form part of my retirement fund for when I am much older.
    What I have done has given me more control over "my money". I have tailored the investments based on current funds and performances; not those of many years ago when I took the original fund out.

    There is the opportunity to switch from this fund again and self administer - which I potentially can do when I have more time and mental focus to over-see.
    I hope that this intervention will prove lucrative....

    The whole process was quite long-winded and eventually took almost 6 months from enquiry to receipt of funds.
    Happy that I persevered

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