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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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Money Moral Dilemma: Should I contact my late husband's ex, who's a beneficiary on his pension?
This week's MoneySaver who wants advice asks… My husband - we were married for 26 years and have two children - passed away last year. He was never good with money and had early onset dementia, and when he died he didn't leave much money to help cover the mortgage and other bills. He had a small pension, which I claimed.…
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State pension- declaring holidays to DWP?
I have been informed that the state pension is classified as a benefit. I also understand if you are in receipt of benefits you have to declare time out of the country to DWP. Are there tax implications or penalties and when do you declare it? I am thinking it is best to take any long holidays just before reaching reaching…
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To drawdown on DC or not- if it means High Rate Tax band.
A question for folks in a similar-ish position to me (and yes its a nice problem to have). 5 years to state pension DB pension edging towards High Rate Tax threshold A good chunk in a DC drawdown pension Inheritance not a big issue The question is about drawing down on the DC or not - especially if there is nothing…
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Pension fund transfer from Norway
Good afternoon, I have a question, which so far I have not been able to find an answer for. I am in the process of being made redundant by the company I work for, who are based in Haugesund in Norway. They have been collecting pension contributions for the last 6 years such that, when we could setup a UK company we could…
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Inheritance Tax
Hi All I am lucky enough to be in a very nice position financially, 70 years of age with a pension pot of 600k I have already took the 25% tax free element . I also have 250k in a S&S isa and me and my wife have cash isa,s approx 140k . The pension and S&S isa has accumulated 105K this year , my question is could I draw…
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Pension drawdown
I have recently started to drawdown my Sipp.I was told by my investment company that I would receive the first payment on the 1 July 2026 ,it is now the 7 July and still no payment,the company are saying it is a tax issue,is this correct or are they just stalling
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Trace teachers pension
My wife was a teacher at a local college around 30 years ago. After maternity leave she didn’t return .. over the years we can’t recall receiving any correspondence re her pension . Even though we haven’t moved in that time. We have contacted Teachers Pensions providing all information we possibly can and all we’ve…
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Pension drawdown query
This discussion was created from comments split from: DB pension - take now and invest, or wait....?.
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Nest pension and alternatives
My partner is enrolled in nest with work with approx 44k but pays in additional 600 per month to it. We are aware of the 1.8 charge on contributions and I read some comments how poor the nest scheme is, but why? Is is worth her starting a new sip she also has a old workplace TPP scheme would that be a better scheme to…
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AI pension advice
Bored at work the other day I started asking AI about pensions, I ended up with some pretty interesting theorys Now I'm a financial illiterate, I just go with what my IFA advises, they invest the money, I watch it grow. my IFA meetings usually consist of carry on mate, see you next year . I will be 57 next year. Last year…
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Investing an inherited SIPP into a pension
I am just renewing my Will. I have a SIPP which i would like to pass on to my daughters, but I would like them to use it to give them more options at retirement time, as i have had. If what they inherit from my SIPP is paid into a SIPP of their own will it still be subject to income tax? Obviously I have no idea how much…
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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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True Potential redress offer
My wife and I moved our pensions to True Potential back in 2021, upon the (verbal only) advice of our IFA at the time. After a couple of years, I realised that this was a mistake and eventually moved everything over to a DIY platform and happily manage this all myself now. I didn't complain at the time, just wanted to move…
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Rate my SIPP - ITV high conviction
EDITED 04/06/2026 : Please see page 26 for a SIPP holding update since the image below. :) A note about diversification: I know it’s important. I’ve done it all my life. Had plenty of bits and pieces of ETFs like VWRL. But sometimes you have to just go for it. That’s what high conviction means to me. “Diversification may…
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Pension: SIPP vs LISA Clarity
So, I have a workplace pension, its the minimum employers contribution, not the best provider etc and I cant change that, transferred any old ones too it and its doing its thing. I want to do more towards retirement now so weighing up which is better. Wow I am conflicted and confused,when normally when it comes to the…
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partial Pension withdrawal
Hi, Needs some advise or confirmation, I have a private pension with Scottish friendly, I've spoken with them today for advise on withdrawing partial funds under the 25% tax free rule but they've stated they do not offer this and only option is to pull the full pension fund and then re-invest what I would have remaining…
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What do people think of Interactive Investor (ii) platform
FYI: This is NOT a request for financial advise. I would like to know what your experiance of dealing with "Interactive Investor (ii)" SIPP is I would specifically like to know how easy it is to draw down ad-hoc ammounts online. (I am a senior software developer so app or online is no problem) As I am NOT going to take my…
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Bus Employees Pension Scheme (B.E.S.T.) - please help
I've been helping my brother trace an old pension - it is the National Bus Employees Superannuation Trust Pension scheme, also known as B.E.S.T. which was active through the 1970s and 80s. It has taken a while as he has lost most of the paperwork, and to cut to the chase, it looks like he may have to go to the ombudsman.…
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Flexi Drawdown v UFPLS
Afternoon.. If my wife wishes to take £15k pa from her SIPP , does it matter if she uses flexi drawdown or UFPLS ? Is there any major benefit in using one over the other . Our initial thought was that we would use UFPLS for £15kpa (once a year but increasing with rpi), am I right in saying £3750 (25%) tax free element hits…
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Gov Petition - Require all state pensions to be paid monthly
open to be signed until 30 sept 26 https://petition.parliament.uk/petitions/759384
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
751 discussions
6.5K comments
Most recent: If You Have Registered For A … by MicKeat
4 July at 4:15PM
