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Pension contribution timing
You can pay in up to 100% of UK earnings in a tax year and get tax relief. You don't know for certain what this figure will be before the end of the tax year. If you contribute to a pension beyond your eventual UK earnings and the provider adds tax relief, what happens?
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Medical Retirement question for my mum.
Hello I have tried searching but cannot find any answers to my question. My mum has worked for the local authority for the past 20 years and had a hip replacement in Dec 2016. The op did not go well and she has been left worse off than before she had the surgery with even less mobility now. She has not been back to work…
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Planning for my Pension
Hi, this is a 1st time post so not entirely sure but let's have a bash.. I recently discovered I have a DB pension pot currently worth just over £80k I,m 43 years old, female and I also have a DC pension with my current employer (Current pot is about £25k) they pay 10% and I pay 5% Should I transfer so I have 1 big pot ?…
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pension pot
Hi all, I have a deffered DB pension with 25yrs contributions, i asked two years ago when i was 55 what i could take then as a pension , so i know some figures, but what i,m on here to ask is how do i work what is in my pot ?.
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Impact on drawing from SIPP on DB contributions
Hi all My wife is in a DB scheme (LGPS) and intends to retire in 9 years at 61. We are thinking of opening a SIPP that I understand she could access from age 55 (in 3 years). Can someone please clarify whether, if she was to take 25% tax free lump sum from this, this will affect her ability to contribute to the LGPS? Also…
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Cashing in pension across multiple pension pots.
I have 5 dc pension pots amounting to £260K. As my wife and I are thinking of buying a BnB I would like to cash in some of my pension to avoid getting a mortgage, I believe Im allowed to take 25% of my total pension pot tax free, however is it possible to take the money from only 2 of my pots a 35K pot and a £30k pot (ie…
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Where best to invest £363,000,000
http://www.cityam.com/259990/sir-philip-green-contributes-363m-bhs-pension-scheme
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retirement genius
I've just stumbled across this site. Any views? http://retirementgenius.co.uk
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Is this sensible and any suggestion who to do it with?
Hi, I'm in the process of setting up up a SIPP or possibly SSAS to buy a commercial property I already own. The transaction is a bit complicated as I don't own the whole thing and it's unlikely to be set up before April. I do still want to take advantages of this year pension contribution and have had it suggested I set up…
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New employer not offering a pension, so...
Good morning all. I have few questions... A prospective new employer of mine is offering a salary of £45K basic. It's a company which has been going for over 10 years, but has less than 10 staff, I believe. I just checked, and they are not offering a pensions at this point in time. Questions: 1) Is not offering a pension…
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Transferring only part of a Pension pot.
Hi there, I've read a lot of posts regarding the transfer of the money in a pension pot to another provider, like those offering a SIPP. Just wondering if it is possible to only transfer part of the money built up in an old pension pot leaving the rest as is. I have an old former protected rights benefits pension, around…
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1995 NHS Pension Query - deferred benefits
Dear All, I'm trying to help my mother with her retirement planning and would very much appreciate some advice. She worked in the NHS between 1985-2002 and has around 12 years of pension contributions. She is currently 63 and hasn't started drawing on her NHS pension (she is still working outside of the NHS). I've looked…
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Autoenrollment questions
My employer needs to autoenroll me into a pension, but hasn't got any pension arrangements yet. I saw that NEST seems to have been designed for this situation, low administration required and low charges for a pension plan. A SIPP is an alternative, but would involve a big learning curve. Are there any other options to…
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Small, forgotten pension
I am a uni lecturer, aged 54, and have been contributing to my Teachers Pension for quite a few years, and I'm happy with it to provide my pension. I'd forgotten until recently that I worked in the NHS in low paid clerical work for six years in my late teens and early 20s. I've confirmed that there is a pension from then,…
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Budget 2017
Surprised there isn't a thread yet. Surely somebody wants to claim an end to the 25% lump sum. :D
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DB transfer and 2 small pensions.
I am currently transferring my DB pension into a SIPP, I will take the max cash lump sum. I also have 2 really small pensions Standard Life £300 and UPS £2k. Is it possible to simply close the 2 small pensions and take the cash? is the first 25% tax free on the 2 small pensions tax free and how does this affect the 25% tax…
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State Pension Advice
Hi there, I'm trying to find some advice for my dad who is planning on finishing work soon and claim his state pension. Because he had deferred his pension he now can either take a lump sum and a smaller weekly pension, or take a bigger weekly pension, he has been informed that if he was to take the lump sum he is better…
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Pension annuity
Has anyone heard that the govt has cancelled its proposal that from April 2017 you could sell an annuity to a third party in return for a lump sum?.
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Fathers Death and Pensions
Hi, My Father died just over a week ago and had two pensions. One with Greater Manchester Pension fund the other the NHS. The GMPF he had been receiving for 12 years. I contacted them and said that the estate was unlikely to receive anything. Had letter today saying that a Child could get something so assume nothing for…
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FS & MP Scheme question.
My final salary pension scheme was closed in 2010 and the pension deferred. It was replaced with a Money Purchase scheme. I am about to made redundant and am able to take my final salary pension early enhanced. I cannot take my MP pension until I'm 55. There is a statement that I don't understand however := "under current…