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Is it worth buying state pension years for my wife?
Been listening to Martin's podcast. I am on track to have a full 35 years, but my wife has zero years and will probably only be able to earn a max of 20 years due to age, so would need at least 15 years to get the max state pension. To be safe she would need at least 10 to get the minimum pension, in case she can't earn…
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Pension Planning - Serps and Backdated Contributions
Hi everyone. This is my first post here. Firstly, I put my hands up to being somewhat less than organised in the pension planning department. I’ve left this late and have never been very organised, however I’m trying to work out a plan now and need a little help to get started. I’ve just turned 54. I work for a small…
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Transferring an old pension
I've located an old pension from 20 odd years ago. It isnt much about 12k and don't think it is going to grow much more if it's even growing at all where it is, so would prefer if it were in my work place pension or my SIPP that I've recently just opened. The company that is holding it is saying there is a reduced transfer…
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TPS say they have paid me too much
I am a retired teacher and after nearly 8 years the TPS say that they have overpaid me and want £1058 back. The school I retired from has not told the TPS anything since they were asked for my employment record back in 2016. The TPS have been told this and they are now investigating further. What are my rights? Any advice?
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St. James's Place in the news recently.
I have pension and investment with SJP. i asked my advisor if i should be worried. he said "Simple answer is no. SJP’s share price and where your funds are invested are two very different things." Will I get any compensation re high fees. Overall, I've been with them since the 90s and my investments have done well, last…
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USS Error and where to get advice?
I am a deferred USS member for almost 10 years. I have been requesting provisional benefits payable statements on a regular basis so that I could plan my retirement and based on this statements I took early retirement. I have set up my communications preferences on the web site to receive member news and updates, however,…
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pensions pot
hello all, hope i could get some advice here please, just found out i have a pension that i had totally forgot about, but due to earnings if i take it all it would push me into the next tax bracket,40%, my questions are, 1, if i take the lot now would i pay higher tax on all my earnings for the rest of the year, or on just…
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FIRE Girls Pension Diary - Aim High & Dream Big
10 year targets are set and I'm aiming high and dreaming big. :) A bit of background. When I was young I grew up with a family of 4 children, Dad worked and Mum stayed at home. We had very little material things or new clothes and I remember I was always dreaming of how I could possibly become a millionaire. So why not…
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Help with lack of pension quandary
Hi all, I have a bit of a stupid situation I hope someone can help advise on. I am 42 with no pension - I opted out of my company pension about 3-4 years ago because I needed the cash. I've been at the company for around 6 years so I have about £3.5k in a pension pot thanks to the auto-enrolment but for all intents and…
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What happens if you straddle pension age increase?
On 6th April 28 minimum pension age increases to 57. My DOB is Oct 71. If I start accessing a DC pension from Oct 26 (age 55) can I continue? Or on 6th April 28 (age 56) will there be limits on how I can access my pension? What are the guidelines? I'm thinking I would be able to access crystallised funds in a drawdown…
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early retirement nics
I have a deferred classic pension scheme with northern ireland civil service and I am going to take it two years early at 58 due to financial pressures and wanting to cut my hours at work. I left service over twenty years ago and work for a different employer. The two things that I am receiving different advice from…
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Strategies for protecting against pre-retirement stock market crash
My employer has a default plan where 10 years before your retirement date half your fund is moved to bonds, then 5 years before the rest of it is moved (with similar adjustments to future contributions). This seems rather coarse to me, and these bonds funds have proven to be anything but safe these past years. I do have…
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Capita Data Breach/Barings Law
As a victim of the Capita Data Breach, I joined the Barings Law ‘no win no fee’ claim, as did many of my colleagues. They keep me regularly informed, however they have asked me to sign a ‘claimant assignment’ form. Does anyone know if this is standard practice?Thank you.
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Guide discussion: Grandparents childcare credit
This is the place to discuss our new guide on grandparents childcare credit (known as Specified Adult Childcare credits). We'd love to hear your thoughts, personal experiences, and general feedback. If you haven’t already, join the forum to reply. If you aren’t sure how it all works, read our New to Forum? Intro Guide.'
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Sole income is State Pension, what will tax code be?
I'm trying to help my parents out. Their sole income is their state pensions. My mum has just unexpectedly inherited a large sum and they're looking to put some of it in a savings account. I am sure it's going to generate more than £10,000 interest. How do I work out what their tax code is (Dad's in 70s, Mum is late 60's…
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Are your DB pensions keeping pace with cost of living?
I am looking at taking my deferred DB pension shortly, although still a few years short of normal retirement age. I know what the yearly revaluations have been since leaving the employer, e.g. 7.5% pa for the GMP part, not too shabby. However I was not prepared for how mean the yearly increases have been for those who have…
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Workplace Pension in Death
Hello, My father died before he retired. He had quite a lengthy pension payment from working at the MEB for 25+ years. He was married when he died but his spouse, died 8 months or so before he did. Is it worth trying to track down this pension pot as his only dependant? Would I be entitieled to any of it? Its bad enough he…
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How can HMRC Personal Tax Summary be so Useless.
Please can some of you confirm whether or not the Uselessness of the Personal Tax Account HMRC website is a widespread thing or if something is drastically wrong with my particular NI Number. Here are a couple of my issues: 1. Reporting/Tracking form progress. I submitted a P55 tax reclaim 3+ weeks ago. If I look in the…
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Missing NHS pension.from the year 2000.
I was a nurse at a london hospital. I worked there for two years and I joined the NHS superannuation scheme in 1999 ish. Fast forward to today and I am trying to locate my NHS pension. I contacted the NHS pension tracking system in Newcastle and they said, they have NO RECORD of me being in the scheme, even though I showed…
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Old Pension query re British & Mercantile
We have found an old supperanuation scheme from the 1960's taken out with The North British & Mercantile Pension Co in amongst my father's papers. The NB&M were taken over and eventually end up with Aviva. Does this mean all the old NB&M pensions should be with Aviva? I sent them a copy of the scheme certificate but they…