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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 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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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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Financial Advisor or Wealth Management?
We are in a position where my partner has received a lump sum for his inheritance and we need advice as to what to do next. ie, pay off the mortgage, pay off some of the mortage, isas, investments and all of that jazz and we're not really sure if there is someone that looks at your whole position and advises or if we need…
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Moving a Virgin Pension
One of my pensions is an ancient Virgin stakeholder. I will probably want to draw from it in the next few years, and in doing a bit of reading around on the forums here it seems it has been poorly performing for the past 10-15 years and I should have moved it years ago.:( Oh well, nothing I can do about that, but I've also…
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Inheritance Tax
With DC Pension Pots due to be in your estate and Inheritance tax in 2027, I'm not clear how the allowances work ? As I understand everyone has allowance of 325k plus 175k of house value = 500k Am I Correct in thinking that on first death of a married couple, the surviving spouse does not pay inheritance tax ? Also the…
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State Pension - my wife’s is much higher than mine???
Hi guys, I think I know the answer but just wanted to double check… My wife has just started drawing her state pension at age 66 (not delayed). I reached SPA in 2019 and was contracted out of SERPS in my Barclays DB scheme until I went self-employed in 1995. My NI record shows 49 “full” years. I topped up all my “missing”…
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Balancing the best time to take my SAUL DB pension
I have a final salary/career average pension. A large chunk of it (1990-2016) is final salary so I won't lose very much if I retire before 66 (the 67 requirement only comes in in 2027). I have just reduced to working 3 days a week and have asked for a pension projection for April 2026. I am not quite ready to stop…
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Can I buy a deffered annuity now?
I've researched annuities a lot and have finnaly finnaly decided to buy one in the next few weeks and definitely getting it locked in before before the next budget. I've decided the amount of cash I'll use from a DC SIPP to fund it and picked RPI with Value Protection VP of 75% as 75% just felt like best balanced value, I…
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Deferring pension when moving abroad
This discussion was created from comments split from: Pension Help.
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De-Risk as approach retirement /and once retired
Hi wonder if could help with some opinions, do posters with DC pots (not final salary) tend to de-rsk their pensions as they approach retirement and/or once retired ? My wife pension is about 75% in a 60:40 split and the remaining 25% is 80:20 split (Bonds:equity). We are hoping she can retire end March 2026 and will be 58…
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"Average Earnings Growth" and triple lock
The triple lock is based on the "Average Earnings Growth" figure for July 2025 (released in August 2025) and the CPI for September 2025. Does anyone know what the "Average Earnings Growth" figure is for this July? I'm finding it very difficult to track down and find out if it's the figure including bonses or not.
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How to read a Gilt for a pension gilt ladder?
Looking at the Gilt example above on Interactive Investor, please sanity check my understanding. So I'd buy the £100 Gilt for £96.60 if I were to buy it today and I'd get back £100 upon maturity making me £3.40 profit which would be free from CGT (good to hold in a GIA). 3.40/96.60 = 3.52% I'd also get a 37.5p coupon in…
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Civil service- Premium Alpha pension advice for my Dad!
Hi all, Long story short I'm helping my dad manage his pension as he's not clued up on pensions and is close to the retirement age. I've done lots of reading on his pension (Civil service- alpha & premium) but still have a number of questions. Looking for your expert advice as know there's lot of knowledgeable folk here.…
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25% tax free from one of two pensions trigger MPAA
I’m 55 and planning to use my 25% tax free lump sum from ONE of my pensions. As a scenario, consider I have two pensions: Pension A, current value £100k, DC, old workplace stakeholder pension no longer paying into. Pension B, current value £400k, DC, current workplace pension being payed into by employer and me. I wish to…
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Looking to retire next year (62)
I'm looking to retire next year - I currently have a DB pension playing out - about £11k PA - so that will take up most of my personal allowance. I also have a Civil Service pension, but rather than take that 5 years early ( and take the hit of only getting 0.76 of it's value I'm going to leave it where it is. Instead I'm…
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Non-resident landlord pension
Hi, I'm a British citizen living overseas (with no double taxation treaty). My property portfoilio has grown and the net income is now past the tax free allowance, hence I'm paying UK tax. I'm wondering if I can open a UK pension and pay into this to offset the tax liability, but I can only find info for UK residents. Does…
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SSAS Pension Problem
Briefly, I have a SSAS which was started years ago. I am now retired and the my company does not exist any more. There is a factory in the pension and virtually no cash. The rent gets paid in monthly and amounts withdrawn to live on. The pension company does nothing, the little cash is in the bank they specify, and they…
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Cannot stop Vanguard emails.
I moved my SIPP from Vanguard a couple of years ago and closed my ISA but still keep receiving unwanted emails from Vanguard that I cannot reply to as the inbox is not monitored. I have asked many times for them to stop emailing me. I have sent many private messages and they keep saying the accounts are closed but I see…
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Tax Free Lump Sum and 2025 Budget
Hi, Imagine the government does remove or reduce the TFLS at the budget, how would this be implemented does anyone know? Could they announce it as effective immediately? Or would that breach any rules or norms about allowing people approaching or of pension age having time to get their finances in order? Thanks, R
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SPPA Remedial Service Statements
These have now started to arrive. My wife has just received hers (she's a nurse) and I'm sure mine will be here soon (I'm a teacher). We both retired some time ago so fall into the category where we have a choice between the status quo or choosing the care remedy. As far as we can see there is a small benefit (about £160…
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Teachers' AVCs with Prudential
My Prudential AVCs are modest but have ten year's worth of savings in there. I wanted to draw 25% lump sum and leave the rest to crystallise until I have decided what to do with it (combining with other pensions into a final annuity for example). I was sent the options pack and called the number and shared what I wanted to…
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LGPS Consultation - Protected Pension Age
This may be of interest to LGPS members - the government has launched a consultation and is proposing to protect members who joined before 4 November 2021 to access their LGPS benefits from age 55. For those who joined after this date, the Normal Minimum Pension Age will increase to 57 from 6 April 2028. More complex for…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
715 discussions
6.2K comments
Most recent: When paying for NI Top-up, do you have to pay the years separately or in one? by jem16
13 October at 12:50PM
