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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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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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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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The impact of inflation - yikes!
I retired 5 and a half years ago at 60. Since then I've been drawing on a private pension for income. Looking at purely numerical values my pension and savings have increased by a little over 31% in that period. I decided to see what impact inflation has had and…wow. Using CPI I'm worse off, using CPIH I'm treading water.…
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Fixed Term Annuities - where best to go
Fixed Term Annuities - I don't need advice, I am looking for an execution only service. I have been using Money Helper calculator to get some figures, I suspect these might be reasonably accurate, but i need to go to individual providers to get accurate quotes (where they deal direct with individuals), or go through a…
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state pension - first part year
I'm getting very confused helping someone with their Self Assessment tax return and the state pension. Firstly, although everything seems to say the pension increased 6.4.26, it actually seems to increase the next full week, not mid week. In other words, if a pension is paid Thursday - Wednesday, the uplift is effective…
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Bold leap into retirement
Morning all, I hope you have managed to find some time for yourself in what can be a busy period. We have enjoyed spending time with family over the last 3 days, it’s a quiet one today, then off to visit more family tomorrow. I’m not planning anything wild for NYE, but have been really starting to think about what I want…
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Vanguard FTSE Global All-Cap UCITS ETF Launched
I just saw that Vanguard has launched an ETF FTSE Global All-cap tracker at charges of 0.07% This could shake things up a bit as the charges massively undercuts their own FTSE Global All-Cap fund, so if the portfolio is the same or similar it could be worth switching in to this if you have significant holdings in the fund…
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New Capita-run Civil Service Pension Scheme - problems (what a surprise!)
So, Capita have taken over the admin for the CSPS and their new website and members portal went live this week. I have just registered on the new portal and am not in the least bit surprised to find that the information available on the new portal is very scant and incorrect in terms of my length of service. With…
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carry forward and salary sacrifice. Am I painted into a corner?
I’m a little confused by carry forward. Not looked at it before but there is potential it may be an option in the next 12 months so just looking at what it entails. currently I salary sacrifice heavily - down to 50270. This is only recent but I have ramped up over the last two years. So looking back to 23/24 and a chunk of…
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Accumulated private pension pot - how to find an alternative annuity provider?
With regard to simply getting the best annuity quote (not interested in other forms of pension management)… is there anything like an 'online marketplace' where a friend can put up details of his current pension and receive 'offers'? Or something close to that?
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Working out civil service widowers pension refund of contributions
Hi Hive Mind I am an ex civil servant who plans to retire in May 2026 aged 60. I am a deferred member of the pension scheme. From the MYCSP pension portal calculator I have a fairly good idea of my expected pension, however I have requested what my widower pension refund contributions will be (to no avail at present) I…
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new vanguard ETFs including a low fee FTSE all world
https://www.vanguardinvestor.co.uk/articles/latest-thoughts/investing-success/three-new-global-equity-etfs one FTSE global all world with a 0.07% fee; one global small cap; one all world ex-US assume they may only be available at Vanguard immediately until other platforms bring them online. Personally I’d be curious how…
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I want to retire early - how can I plan for it?
I turned 40 this year and reasoned that another 25 years at the coal face in my industry is not as attractive as it was when I was 20, so I'm looking for a way out that doesn't leave me potless in retirement. I am fortunate enough to have been very lucky with some investments in the Stock Market a few years ago so I have a…
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CS Alpha - How to give surviving dependent spouse same pension?
So the default for the CS pension is that the named dependent (eg spouse) will get a pension of 37.5% of the members pension if the member dies first. I want my spouse to get more than this, there is a process called Allocation whereby the member accepts a lower pension and the survivor pension is increased, the exact…
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First year of retirement
Dear diary and all, I am starting this diary as a record of my first year in retirement. OH and I both officially retire at the end of August, at the moment we are on annual leave until then. There is quite a lot of advice about the financial planning aspects approaching retirement, but I have found less about the reality…
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Early retirement next year, is it worth adding to my pension?
I am 54, looking to retire early next year when I am 55. I currently work part time and pay 5% into workplace pension, employer adds 3%. This pot has around £16k. I have two DB pensions, one which I plan to start taking next year which will be approx £6k per year. I will top this up with savings for day to day living,…
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How did you feel when you committed to retirement?
Today was the day I took the step into retirement - well, in 3 months time to be exact. I notified my clients, I notified my pension provider and I notified my family. I’ve been thinking about this for ages, but for some reason those thoughts accelerated over the last few weeks and days and crystallised into action other…
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Looking for a new pension provider.
My current £400k DC pension is with Standard Life and until now I have been happy enough but I need to move it. I’m looking for suggestions/recommendations. Not my original plan but I found out that I can get an enhanced annuity of £7,900 pa for £150,000 (3% growth, 50% spouse and 10 year guarantee) and I could then use…
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What to do if old pension provider is stating they hold no 'liability'?
I would be very grateful for any advice on this subject, would the ombudsman be able to help or am I going on a wild goose chase? Basically I was employed by a registered charity for a year in the late eighties during which I paid into their private pension scheme as well as paying NI contributions. I have a statement…
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Drawdown Pension
I recently took my drawdown pension as income although I continue paying in. i have been advised by the company the max I can now put in one year is now 10000 including tax relief. I have also been told I cannot go back 4 years to use up unused allowances! Is that correct?
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DB/state pension only - how much contingency kepts in savings/investments?
kind of parallel to my ‘death is expensive’ thread but this is more about day to day stuff. At state pension age I’ve estimated my DB and two state pensions will cover all our needs - essential and discretionary. so our DC funds (and early DB) is focused on the bridge. after all is said and done we estimate to stop needing…
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DB Pension take lump sum or not?
My wife has an old DB pension.She has been offered a couple of options at the moment which are Full pension £12270pa or reduced pension of £9250 pa plus lump sum of £61560. She still has 8 years before she collects her state pension ,I'm already getting my state pension and have some small pensions which I will look into…
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: Home Responsibilities Protect… by UKTaxHelper
21 August at 10:09AM
