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About Chainey

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  1. Already been through pensionwise who couldn't advise because of the specific type of pension. Also been through two pension advisors as mentioned above x
  2. Please can someone help me :') I have a defined benefit pension with DHL … they call it a money purchase with guaranteed minimum pension underpin. I cannot access this pension when 55 or take any of the new options but I can transfer it out. My current situation is that we lost everything in the credit crunch, became homeless for 2 years but still tried to continue the business. An online hate campaign by a handful of florists, including death threats caused me to have a stress breakdown. This made me vulnerable and we were therefore housed in the worst council estate on A
  3. I know we will have to pay tax and see a financial advisor but I have also been advised that it will not affect our state pension. I just don't understand which of the two amounts above is the one we will get before tax We are currently living in a terrible council flat which is making my mental and physical illnesses worse. We HAVE to get out of here.
  4. Hi all I hope someone can help me with this as I'm struggling to understand it. I'm 55 soon and want to draw down my pension pot to buy a house (lost ours in the credit crunch). The company I'm with don't allow that but they also don't charge for me to transfer it elsewhere. They have just sent me a statement and transfer out form. It says Current Value available for transfer £121K Value of GMP £88K Which is the amount I will get
  5. I know .... we've been doing lots of research on that too and we are priced out of most of the country ... but there are still pockets here and there. We have also looked at moving to Gran Canaria where the climate would be perfect for many of my health problems. I do know for sure though that I would lose the mobility aspect of PIP and also income support. My other half would therefore have to find some way of earning an income from home, in between caring for me. I'm almost sure we would lose pension credits too and have to take out health insurance so it's probabl
  6. Thank you so much for a few things in that post ... as always, when I use CAG I do make a donation that I can afford
  7. Hi and thanks I've already checked all this out and it's fine .... Thing is the way my health is going I'm not sure I'll make 60. Spent all of my life trying to do the right thing and like I said, lost everything in the recession. I want to try to make the most of what time I have left
  8. Ain't that the truth! I'm guessing that we would lose the income support but PIP and Carers allowance aren't means tested so although we wouldn't have any spare money, we could survive. I suppose my biggest worry is how we would survive on basic state pension with no Pension Credits if that's what happens :/
  9. The rent is already paid by benefits so we would be saving them that outlay until we die ... It's not about investing in property it's about buying a home using the money I paid into a private pension for years for. It seems that everywhere I look says it depends on what you drew your pension pot down for and spent it on. That is decided at the time by DWP as to whether you did it to claim extra benefits ... totally confused and stressed by all this
  10. Hi and thanks for the response. I have already checked and would net at least £80K after charges. I'm pretty certain we would lose the income support (or at least my part of it) My biggest concern is whether at 65 pension tax credits would be affected.
  11. Hi all ... Hope this is the right place to post this. Having lost everything in the recession I then suffered a major breakdown and now have Complex PTSD and fibromalgia amongst other illnesses which are all getting worse. After two years of being homeless myself and my partner were given a council flat. Our neighbours are the local drug dealers and generally bad things happen daily. I now won't go out of the flat at all. I have a pension which I could cash in in 18 months and I wanted to do this and buy a small cheap house. I currently get PIP and my partner gets carers al
  12. You are onehelluvawoman word-soup. I really hope you have found some happiness in your life since (apart from your children who I'm sure kept you going). I mean happiness and peace just for you
  13. Thank you so much everyone so far both for your good wishes and your help. I have sent Les' Daughter a link to this thread and she can decide whether to let her Mum and Uncle see it and hopefully she/they will join to give first hand details. Word-Soup you really are a star
  14. It is with great sadness that I am updating this thread and asking for help and advice. My good friend Les died suddenly of a heart attack last week. leaving his wife and daughter traumatised and his wife with no income, no insurance and the balance on the mortgage to pay (as it was joint.) I have been speaking to his daughter who is desperately trying to hold things together and look after 4 children and her Mum, who as Les said has been suffering with serious depression for years. The first advice I gave her was to get get herself and her Mum to the GP and then to the CAB to see w
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