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Pensions Planning: The NUMBER
The NUMBER is how much income you need to "live comfortably" So What's your number? Very important for pensions planning, to know what you are aiming for. My Number? (for a couple) I calculated: £22,000 based on Food £5,000 Car/transport £5,000 Bills/Utilities £4,500 Holidays/Leisure £4,500 Clothing/Cash/Xmas/Other £2,000…
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Acronyms etc..
Hello to all. As a fairly new forum user I would appreciate someone posting a key to the acronyms and arcane terms used when discussing pension issues. Thank you in advance.
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Success Stories - Pensions
This is a bit of a light topic where the idea is to highlight what successes you had with your pension pots. Example - I contributed X and accumulated Y by Z year. Total appreciation was 'x' percent. Just trying to learn the following that could inspire a range of people - those with no pension, those who started late etc.…
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Pensions, Annuities & Retirement Planning Sticky
Welcome to the new Pensions, Annuities and Retirement Planning sticky! 👋 📖 Here are some Forum threads you may find useful (if there are any you think have been missed, please do let us know): * Can I cash in my pension? * Early-retirement wannabe * It's time to start digging up those Squirrelled Nuts!!!! 📝 And here's some…
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10 years retired - how come finances are so good?
Ok this isn’t supposed to be any sort of boast but how come stock markets are so positive at the moment. My retirement fund balance is the highest it’s ever been this despite seemingly (to me) plenty of reasons why company earnings might be negatively affected in the next few years (tariff/trade wars; Ukraine war; unrest…
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Nest (workplace pension) V alternative with surplus funds
Evening, I have roughly 20 years until I retire and starting starting to plan ahead now.. ( late I know) My Nest workplace pension currently stands at 27k.. 9k paid in by me, 11k by workplace 7k profit.. Now my question is... if I was going to add an extra monthly payment of £200 would this be worth just adding this to my…
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Teachers pensions say my husband needs to repay £18000!
Yesterday my husband received a letter from Teachers Pensions stating that 15 years ago he was paid £18000 too much pension. Apparently this is supposed to have happened over 3 years. The dates and figures they have quoted make no sense to us. They have sent an invoice for repayment at once or at a rate of £2000 a month!…
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All my eggs in one Aviva basket
I have my entire DC pot split across 2 funds within Aviva. Minimum 12 years to run until I could start drawdown. I have started a new role within the Civil Service and will no longer be contributing to my DC pension. So my question is should I consider moving some of this fund to HL or another to hedge my risk in terms of…
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Pension v ISA after age 75
I am aged 73 receiving state pension. I have previously cashed in a small personal pension pot and I also have an untouched DC pension which I no longer pay into worth about £110,000. I understand that if I’m lucky enough to die after I turn 75 (2027) this will be part of my estate for IHT purposes AND my spouse will pay…
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Optimising for early retirement - mortgage, S&S ISA, cash ISA etc
hi would appreciate some thoughts and advice on optimisation of pre-pension savings to fund early retirement (or at least stepping back from serious work)... Brief situation i am 45, partner 40 - our pensions are pretty much sorted with well over £1mil+ in DC pensions / LISA's and my partner is in the LGPS. We both have…
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GMPE Past Transfers - GMP equalisation claim form
Dated January 9 2024, I received a letter referring to my transferred out benefits on 21 May 2007. 'Mercer' identified an underpayment in relation to the transfer value being undervalued as it did not take account of GMP equalisation. I duly completed the claim form on January 12 2024. The amount is relatively small.…
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Paying into current LGPS AVCs after taking pension from previous LGPS employer - am I recycling?
Hi all, Following an investigation by the Ombudsman, I may be receiving a TFLS of approx £30k along with my regular LGPS pension (backdated to 2021) from a previous job. I didn't think I'd be receiving this and I've been paying into my current employer's LGPS scheme since 2022. At the beginning of this year, I began paying…
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DB Pension revaluation for deferred members, early retirement calculation
Having just became a deferred member of my Final Salary Scheme (one of the few still open private ones), I am checking my expected pension if I chose to retire early. I have a copy of the early retirement factors for both Active and Deferred members, Active is just a straight 4% per year, however deferred is more…
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Civil service premium pension
I'm doing some forward planning looking into my pension prediction. I've recently checked my ABS for my civil service pensions and the premium calculation seems to be incorrect. Can anyone help me with the following questions? The premium pension value is based on: (1) Pensionable earnings in last 12 months(2) Best…
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Civil Service Pension - Retirement Modeller Download
Anyone know who to download the results of the modeller? I've tried to "print as pdf" but it just prints a blankish piece of paper with all details set at zero - I presume the modeller is dynamic so doesn't store the data. I could do a screenshot - but it's for a mortgage application so not ideal. Anyone had similar?
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Civil Service Deferred Classic pension
Hi, I’m after a sounding board here if I may. Some of you, I know, are very knowledgeable on these matters. Are there any advantages/disadvantages to buying out (or just claiming and not buying out) my deferred Civil Service pension 2 years early, whilst still working for another 6 months in a non Civil Service job? I’m…
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Is this pension performing poorly or not?
Hi, all I have a pension with Scottish Widows ( shows up in my Halifax app ) which is frustrating me. It's crystalised as I took the 25% tax free withdrawal a couple of years ago. I don't contribute anything to it. For years now it's just seems to hover at the same level (around £110k). It just doesn't grow, but maybe I'm…
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drwa down
HI Hope all are well can any one hlp as not sure what it means as had halixf poly taken over by scotish widiwds moved other policy in th scotish widows one now get this
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NHS pension, but want to save more to retire early
Hello all. I'm a 42 year old Scottish nurse that is just starting to think about how I can use my wages more wisely to hopefully allow me to work less in the future. Unfortunately like most people I probably didn't think about pensions and investing until far too late as I was putting every penny before into getting…
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Pension vs ISA vs current income
I could do with some help on working out how best to proceed in terms of allocation of saving for pension vs. ISA, and what a realistic retirement could look like. I have played around with Guiide extensively but am still somewhat confused. We were both aiming to retire in 10 years, which would make us both 55. Clearly…
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4 days of pension paid in next tax year reducing personal allowance
I started getting a full state pension in March 2025 and had a income below the personal allowance for that financial year. The last 4 days 2nd to 5th April inclusive were paid on 29th April with 14 days for tax year 25/26. 4 days at the rate 24/25 is £126.40 and would now reduce my personal allowance by that much and…
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My Annuity Purchase
I have just
purchased an annuity. I thought I would post the story in case it helps anyone
considering one for themselves. I am 60 and
retired. I have a good sized diversified portfolio, sufficient to provide for
my needs and reasonable wants for the rest of my life. So I took a look at some
of the things that could…
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how to get this as not see on prefernces
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Increasing pension contributions v paying into stocks and shares ISA
Hi all. Would appreciate some advice for future investment strategy involving my pension given the tax relief benefits. In short, is there a tool I can use to compare the returns based on investing in tax free stocks and shares ISA v increasing pension contributions with 40% tax relief, 25% tax free drawdown aged 58 and…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: If You Have Registered For A Call Back Look Here by dreaming
2 August at 4:34PM
