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Is SJP a good place for my pension?
I've seen a rather alarming article in the ST saying that SJP are a very non-transparent wealth management companey, charging one client a total of 35% in charges over a period of six years. Seems tad high to me, should I look elsewhere? Thank you qw
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Advice on where to start !
Hi I'm 30 and realise I need to sort myself out for my retirement. I have no idea what is best to do and where to start. I have knowledge in many areas but this is not one of them. I was born in 86 so have no idea when the government will allow me to retire. My NI contributions are fully up to date as I've worked…
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Defined benefit pension transfer red tape.
Has anyone managed to successfully transfer a defined benefit pension with a value over 30k to a SIPP using an FCA registered IFA. Most pension companies whether source or target won't agree to transfers without favorable advice from an IFA and the actuary I used can't find an IFA willing to do the transfer because they…
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Does this retirement plan look realistic?
Hi all, Sorry this'll be a bit of a long one. Might want to grab a cup of tea first. You back? Good. :o My wife and I are trying to plan for early retirement and (at least in Excel) our figures seem to work ok, but I just wanted to see if there's anything we might not have thought of/bad assumptions etc. We're hoping the…
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Added Pension vs AVCs vs other
Hi, hope you can all help with my situation. Currently 44 and ideally looking to retire at 58 (if a VED scheme doesn't tempt me first). I'm a member of civil service pension schemes with banked time in Classic and an active member of Alpha. Standard pension contributions keep me as a basic rate taxpayer and I'm not…
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Building portfolio for 20+ years
Good evening, I am a 34 year old lady who has worked in the UK for 6 years, and I'm originally from Spain. Unfortunately, I will have to leave the UK and my employment shortly due to a close family member needing my help. This situation means that I have to define a "forget and balance" pension portfolio for the next 20-25…
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Mortgage with a pension
Looking at options for the future. Have several years left to run of a low fixed rate on my mortgage which will take me comfortably into zone of potential early retirement. After stopping paid employment I will be able to comfortably service the mortgage payments from DB pensions/DC drawdown/cash/investment buffer and…
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Draw Down Death Benefits
My father in-law died recently leaving a draw-down pension. His financial adviser wanted my mother in-law to move the pension to a different company as he no longer worked for the company that provided (as my mother in-law recounted conversation). She is happy with the draw down/pension as is and asked for it to be left…
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Elite financial claims
Anyone heard of/used them. Having some trouble with my pension and this company are offering to make a claim for me.
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National insurance credits
Can anyone clarify a little something for me please. I've been online to check my pension statement and it shows I currently have 30 consecutive years full contributions. Looking at each year individually, i see either contributions purely from paid employment or contributions from paid employment AND national insurance…
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Limited Company Profits into Pension Pot
I am director of a company and am looking at pension options, here to understand how things work as a director with dividend payments. At 31 I am a bit late to the game as have been saving for a house and building my business. I've approached my accountant who have given me details of an advisor, but she's unavailable…
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Working part year and NI 'years'
I'm thinking of retiring early sometime next tax year. I've received my state pension forecast, and could do with a few more years of contributions. If I'm on (say) £50k, do I have to work the full year to get the additional year credited to my state pension, or can I get the credit after a few months? Thanks!
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Pension Advice
After speaking to a friend today about how he had taken cash lump sums from his pension pot I thought I'd see if I could get some general advise. I took voluntary redundancy from my company in 2005 after 22 years service, my pension was a final salary scheme. I've had a few jobs since but now do not work. I am now 55 an…
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Carrying forward 2015/16 SIPP (Higher rate earner)
I've had a personal pension scheme active for over 5 years but haven't paid into it over this period (yes I know). In 2015/16 I earned £71K before tax. What are my options for topping up my SIPP in this tax year... can I carry forward say £5K and get the standard 20% from the Gov AND the additional 20% tax relief? (Trying…
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What to do with LGPS pension
Sorry if this goes on a bit, I tried to keep it as short as possible. I would appreciate thoughts please on the best approach to taking my (relatively) small LGPS pension. I have decided to retire in a few months time, just after my 60th birthday. My income at that point will be £25.3K from a FS pension already in payment.…
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Annual Allowance tax charge for non tax payer
My wife was a non-tax payer at the beginning of the tax year 2016/17 and was not expecting to get a job. So she put the £2880 into a SIPP and received the tax uplift to take it to £3600. However, she then got a part time job (one day/week) and she (via net pay) and her employer make contributions into the employer's scheme…
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How do people spread the risk?
I'm 32 and have 9 years service (and pension) in a large company with a defined benefit scheme. I was the in the last year of people to get into this scheme before they only accepted new entrances on a defined contribution. This scheme is currently changing and long story short, the once 'final salary' is now average…
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NIC history
I went onto the government website to check my mife's NIC record and I was surprised to see 2015/16 was incomplete even though she earnt, through PAYE (she works in a school) around £10,500 in the tax year 15/16. Has anybody else experienced inaccuracies in their NIC record? Thanks Andy
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How to get a pension of £20000
http://www.bbc.co.uk/news/business-38609422 Normally I like the BBC but this article seems to be poorly constructed at best. According to the ONS the average retired household spends £21770 pa, so here is guidance on getting an individual income of £20000 pa in retirement.
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Big 65 approaching
Hi all. Just really want some clarity as I have less than 8 months to go before I get my state pension. The forecast says: Summary 40 years of full contributions 1 year to contribute before 5 April 2017 7 years when you did not contribute enough For the last two years it says: You have contributions from National Insurance…
