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UFPLS Pension taken in March
Hi, I'm thinking of taking my annual UFPLS withdrawal of £16500, in March 2027, and I'm hoping to avoid the P55 Tax reclaim by taking the money after 7th March rather than after April 6th, using nearly my whole years Tax free Allowance. I wont have any other income for the year, as i can subsidise my income until March 27…
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Tax year for deferred State Pension one-off arrears payment
My wife reached State Pension age after 6 April 2016. She has deferred her state pension by 2 years. She can claim 12 months of the deferred pension as a one-off arrears payment. In which tax year would the tax for the one-off arrears payment fall, the year of the claim, or the year when the pension entitlements accrued?…
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Company say no pension, despite paper proof?
Hi. I wondered if anyone could advise on this. My wife worked for a short time (18 months) at a company in the 1980s. She still has a paper letter advising that she would be enrolled into their pension scheme. We’ve contacted the company who say they can’t find any record of her in the scheme - despite our paper proof. Can…
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LGPS Value
Hello, I have what I hope is a fairly simple question and I wonder if anyone might be able to help answer it. I have a LGPS and I left that job in August 2025 but I rejoined through a new employer in September 2025. I have yet to "merge" the two schemes together but can do as they are both LGPS 's. I am actually…
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Definition of when a pension ceases to be 'deferred'
I applied for a CETV (Cash Equivalent Transfer Value) for my Civil Service pension on 8th December 2025. This was for the purposes of obtaining a Financial Order as part of divorce proceedings. I had previously advised Civil Service Pensions, on 12th November 2025, that I wished to start claiming my pension when I reached…
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Financially comfortable, health improving, still working – am I solving the wrong problem?
I would be interested in some independent views on my situation, particularly from those who have already retired or moved to part-time work in their late 50s. I am 56, married, and currently work full-time as a Senior Bid Manager. My wife is 53 and works part-time for the NHS. We have one son at university who should…
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Retired Civil Servant needing advice.
Greetings. I am 66 and like so many others, even though retired (since April 7th), I'm not expecting the remainder of my pension any time soon and have yet to receive any correspondence from Capita. I took partial retirement in March 2020 working 3 days 2020-2023 and reverted to two days a week 2023-2026. I am already in…
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LGPS - pensions increase. Confused.
Hi. I am trying to understand how my LGPS pension works. I have made a lot of progress (from a zero start) but …..i have just received my 2026 benefit statement. I’m a deferred member. It says this: Does this mean my annual pension will actually be £21,140.79 ? And my lump sum will be £8,026.10? Also, in 2025 my annual…
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VouchedFor phone numbers linked to different people
I'm likely to retire soon and need an IFA to provide advice on size of lump sums etc etc. Starting on the MSE website I found some pages that pointed me to "vouchedfor". So I entered my location and did a search and a few local names came up. So far so good and I made a note of a person I liked the look of and his…
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Pension for before retirement
Hi all, I am in the NHS Pension which is linked to state pension age so will receive both at the same time if I retire at 68. I would like to retire at 60 or go part time which is in 15 years. To be able to do this I need to have savings/a plan to cover this gap. Due to historical part time working when my children were…
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Women’s underpaid state pension
I recently called DWP to claim my deceased mother’s underpaid state pension, which I understood would fall within the rules according to everything I’ve read - only to be receive a letter advising - “you could have made a claim on behalf of ...following their death, but the time period has now ended” and this should have…
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42 Year olds diary for last min retirement planning and debt free living
I guess you get to a point in your life where you wonder what will my retirement actually be like? I am at that stage now…. This is going to be a long post!!! My plan for this diary is to update it weekly with what I have done, and keep a running total of side hustle earnings (i want to keep under the 1k limit) and the…
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NHS pension: what should I do?
This discussion was created from comments split from: Pensions Planning: The NUMBER.
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High risk, high reward: A pauper's dream of early retirement.
As regulars on this forum will know, I am trying to retire early while working part time, with a current salary of about £21.5K. Five years ago (after the loss of a loved one) I started to take my life and my finances a bit more seriously. I was 43 at the time, with a combined pension and ISA of £73.5k. I decided to make…
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IFA for pension advice and fee - outcome
Evening… We consulted three IFAs to help us sort out our pensions and prepare for retirement at 65 (I'm 60, he's 63). The first never came back to us, the second wanted to push high risk products, the third was nice and easy and we've had our second meeting with that one tonight. Presentation and outcome was pleasing - we…
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Defend or Attack?
we’re still working towards our number. Target retirement April 2029. It looks like we might hit the number needed in April 2027 next year but we still have to wait until 2029 so a ‘mini coast’ if you like. I want to consider my allocation. Logic suggests maintaining a growth position and I still have two full years of…
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Age 57: ISA bridge or pension top-up for early retirement?
Hi folks, I’m 57 and trying to plan seriously for possible early retirement or semi-retirement. My aim is not to work full-time beyond age 62, and possibly earlier if realistic, partly due to health concerns. I own my home outright with no mortgage and only have a small remaining interest-free debt of around £1,000. I have…
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Marriage allowance, UFPLS and bank interest
Hi, My wife has transferred some of her personal allowance to mine. My wife earns about £10,000 per year. I have a salary of £40,000 per year and am taking a further £13,333 year from my SIPP pension using UFPLS so 25% tax free and the remaining 75% or £10,000 taxable income. That brings my income for the year to £50,000.…
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Topping up DC pension pot and carry forward question
We're planning to top-up my wife's pension pot that hasn't had additional contributions for some time but she does contribute to a work pension (DC). The plan is to top-up to utilise her full allowance for this FY (salary well below the 60K allowance). I assume this figure would be her salary minus her contributions but…
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Paying for care
I am having a challenge raising money for my Mums care. I am her POA. She has been diagnosed with Altzhimers and had started to find it difficult and lonely to live at home alone. She elected to move to a care home ratber than have a live in carer. She is very happy and fully participating in activities locally with…
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Most recent: If You Have Registered For A … by molerat
11 August at 3:06PM
