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Wife's pension
My wife is 58 with no pension provision and a non tax payer,our circumstances have recently changed so looking to put the max in for this year,how many years can we back date the payments
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Post Office Card Account - Closure?
What does my Mother need to do to have her Pension paid into her normal bank account and get the balance of her Post Office Card Account transferred? She also wishes to close her Post Office Card Account as the nearest branch has relocated and she cannot get there without me having a day off work to take her and she can…
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Factors to include in the plan..
I'm currently [STRIKE]looking[/STRIKE] obsessing with how I can get myself into a position to retire before I'm 60. At present I'm 33, missus is 30 with not a great deal behind us except equity amounting nearly £200k ( I suppose that is a great deal just not in a pension pot) in 2 houses. Pension is at a measly £10k and…
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Is there any point in taking the 25% TFLS?
I've been very prudent with our investments and we are in the fortunate position of having sufficient in our ISAs to live out the rest of our lives without need of withdrawing any money from my main pension pot. When my wife and I eventually die then the value of the estate that my son will inherit will be over the IHT…
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Tax efficient income help?
I have a range of UK and global low cost index trackers - all accumulation funds. I have a SIPP, ISA, and once these allowances are used up the rest goes in a normal stocks and shares account. I am 50, and would like to start drawing an income at 55. I plan to maintain a withdrawal rate of 3-4% p.a. from the total of all…
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Pre tax transfer
Hello all! Just hoping to get some quality, experienced advice. I have been in the fire service for 17 years & am looking to leave in the next 12 months. Last year I stopped my pension contributions of £300 pm to invest and monitor myself. Admittedly, this has been a long term, slow growth move. My issue is that because…
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Pension stopped due to attestation letter!!
İ have been away from my uk address for quite a while and my pension company have stopped paying my pension because i have failed to return an attestation letter they sent me.They said they sent me one in November and again in April but i havent been home in that time. What is involved with the completion of an attestation…
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SIPP transfer?
Hi Hope you're well and any advice is greatly appreciated, I thank you in advance... I received a letter with regard to my SIPP, this was set up by my former employer but as I no longer work there I received a letter from Fidelity (the company it's held with) vaguely outlining my options, I can't transfer it to a pension…
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Is my mom entitled to a UK pension
My mom married an English born citizen and i was born in England, I have my British passport, I'm her son. My mom Lived in England for 20 years and worked for most of those years and paid into her pension. We left The UK in 1992 and Now live in The United States, would there be a Pension that she would be rewarded, Answers…
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NHS 2015 Scheme Early Retirement Buyout - good value?
I've just received details of the 'Early Retirement Reduction Buyout' scheme for the NHS 2015 Section, the factsheet of which is available here. This allows you to shave up to 3 years off your NRA in return for extra contributions. For example someone aged 40 with an NRA of 67 can contribute an extra 3.99% to retire at 64…
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Redundancy and Pension Contributions
My understanding is that I can invest up to the limit of my salary (approx £44k) each tax year into my company pension. I am threatened with possible redundancy in August/September owing to company cutbacks and it will be difficult to find a new job in the area where I live. Thus, in case redundancy strikes, I would like…
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Should I employ a financial advisor?
Hi team, I am trying to juggle savings/investments with retirement planning. I appreciate this is a vague question, but assuming my limited knowledge of financial matters, should I employ a financial advisor? What 'ball park' should I expect re charges? Richard
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Additional Voluntary Contribution with Equitable Life
hi. i was medically retired in 2002. at that time i received a pension from my employer. i had also had an avc with equitable life worth £22000 at the time. as i had no need of any extra income at the time i left the avc intact. in late 2005 i saw an independent financial advisor, yorkshire investment group,by which time…
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Thoughts on the best pension option
Hi everyone, can I run this by you and see what you think. I'm retiring at the end of July and have just received the paperwork to submit to receive my work pension and I need to decide what option to take regarding pension amount and lump sum. I have the basic state pension, and my instinct is to take the biggest pension…
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anyone noticed a big difference in Standard Life estimated pot value this year v last
I am a bit of a geek, and although am only 25, take a yearly interest in my pension statement when it comes. I noticed that, although my contributions have increased and the current value of my pot has also increased nicely, the 'end game' pot value had decreased by ~£50k! I took a few mins out to ring Standard Life and it…
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Redundancy
If you take a tax free lump sum of £125,000 from your pension pot in 2015/16, can you reinvest this in a SIPP? If you also received Redundancy of £82,000 in 2015/16 can this whole amount be invested in a SIPP. Assume salary to 30.06.2015 was £10,000 and pension payments of £15,000 to 5.4.16. Do you have to have the SIPP…
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"Urgent Action Required" Pension Letter - New Pension Scheme Required
Hi guys, looking for a bit of advice here. I received a letter a few months ago from my previous employer advising that because I've completed more than 3 mths, but less than 2 years of service, I will lose the rights to my pension benefits however I have the right to transfer-out my whole retirement account. It doesn't…
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Another difficult decision
My husband's pension goes up annually by the RPI up to a maximum 5%, but he has now had a statement offering a higher pension, in exchange for no further increases. Of course, as they state we don't know what future RPI rates will be but quotes crossover estimated ages of 92, if the RPI(average) is 1%, 77 for 3% and 73 for…
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Pension - lump sum or mortgage?
Hello all - I am new user. I will be 55 in 18 months and plan to retire and take my pension, which should be around £30k per year uncommuted. I want to take out about £70k as lump sum to help our kids with deposits, etc, but that would commute the annual pension to just under £26k per year. We will soon have no mortgage,…
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Had to make some quick pension decisions yesterday
My own fault really Due to a promotion at work i have moved pension schemes and had some different investment choices to make As a result i needed to re allocate both my future contributions and existing funds at short notice otherwise they would go into a default lifestyle plan, not the end of the world admittedly but…
