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A frugal early retirement ....
Hi - while showing as a newbie I've been hovering around the forum for years and thought it time to take the plunge. In that context, I'd welcome comments and advice on the wisdom of our plans for possible early retirement as a couple aged 52 & 55. Our situation is: - Both civil servants in final salary schemes with…
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Unlikely to get close to qualifying for pension, best options?
I'm 37 and only have 6 or so full years towards my state pension due to extended time at university as a student. I have a full time job with a LGPS pension. I also have a chronic deteriorating health issue which means I'm very unlikely to get close to 35 years for the state pension and my workplace pension is likely to be…
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LTA and Minimising any Tax
Hi pension experts, I am 62 and due to retire from the NHS after 40+ years in 2019. I moved to the 2008 scheme and my standard benefits are projected to be a max pension of £49,668 + Lump Sum of £91,616 which would give a LTA of £1,084,976 ie over the likely £1m+CPI Also I took out an AVC in the 1990's as at the time I was…
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Work Pension Looks Crap - FriendsLife
All posting this from my Mortgage Free Diary on recommendation from a fine contributor: I'm 46 and a 40% tax payer. I've just looked at my current work FriendsLife "Flexible Retirement Account" pension - I have 2 years contribution in it totalling about £10K. The pension seems to be spread across 5 different investments…
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My mum died... do i ask?
Hello guys, needing some advice as I know next to nothing about pensions. I am an only child and my mum died 8 years ago now (my dad left a long time ago so I am on my own). Upon her death I received a single large sum and whilst I finished my degree I received a short pension until I left full time education. I was just…
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SIPP pension
Hi I'm new to this forum, hope someone can help. A company called Get Claims Advice called my husband today to discuss his 'probable missold' pension. He didn't understand what was going on as they asked him to call his pension company to ask for a statement. With this I got suspicious so he asked them to speak to me which…
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What to do with CETV
Hi, I am in the process of reviewing our retirement plans as our timescale for retirement has been brought forward a couple of years and I have to confess to pensions being an area of complete mystery to me, so am looking for a bit of advice. My husband has been given notification of the CETV of his DB pension so we are…
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private pension
The issue I am having is I have a small private pension and the company that I have it with is saying that I cannot take 25% of it tax free I have to take the whole lot of my pension and the rest would be taxed, I also asked if my sister could go on it so that the money could go to her in the event of my death, they said…
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NHS Pension top up question
Hello, I've never fully got to grips with my wife's NHS pension scheme, she's in the 2008 preserved benefits bit, she's currently in the 40% tax bracket and works full time NHS but an opportunity has arisen for her to work privately for one or two days a week and I've got some pension queries I'm hoping someone might be…
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SIPP Providers - Property
Hi Could any forum member advise which SIPP providers allow you to invest directly in commercial property? To be clear, I will be using my pension pot to buy commercial property freehold and the rents received will be paid to my SIPP. All the providers listed on MSE seem to offer most investment classes but I cannot find…
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Local Authority Pension Scheme AND Lifetime Isa?
Good morning everyone I am want to re-join my local government pension scheme and save as much as I can afford to. My take home pay at present is £1425.00 so this will obviously be less once I'm paying back into the pension scheme. I saw Martin's programme last night about Lifetime Isa's for retirement. Am I allowed to…
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cash in my final salary pension?
Hi, would appreciate some advice/thoughts/opinions on cashing in my final salary pension. On the face of It, It seems to make sense to me to do to me given my circumstances. I will be 59 in May and want to retire early. I am a manager in manufacturing and my work environment is high pressure with long hours, often working…
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Anyone got a SIPP with Fidelity?
Hello all, I'm looking to open a cheap SIPP and transfer my pension from Scottish Widows. Fidelity seem like a good bet. Am I reading it right that they only charge £45 a year if you just have ETFs? Their ETF range isn't great (not all the Vanguard ones for example) but it seems really low cost. Anyone have any experience…
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tesco defined benefit
i worked at tesco from 1996 to 2002 and being 55 have 5 options the one i am interested are one off payment which would be paid out if all pensions do not exceed 30000 i work for the nhs and pay into a pension so is this taken into consideration? also associated with this tesco plc money pension scheme held with equitable…
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How to find out if IFA has FCA Transfer Permissions.
Hi All I have tried searching on the FCA website for an IFA to look into the possible transfer of my DB pension, unfortunately it does not seem an easy task. Does any one have an easy way or is it simply checking each company one by one, I thought that there may have been a search function. I have received my CETV value so…
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Equity Partners
My friend is thinking.of Equity release on her property.She is mortgge free and owner of the property.She has a live in partner .The mortgage provider state that the partner should be registered on the mortgage even though tyey have no financial commitment to each other.Does this legally have to be the case?
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Tax relief on old pension?
Hi folks. .. I have a pension from old employer that left 2 years ago. Since then I've joined pension scheme in new company but I am privately paying 110 per month to my old pension to keep it going. I'm now a 40% tax payer. Can or should I be getting any tax relief on the contributions to the old pension? I've been…
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Reinvesting pot before 55 ?
Hi I have arranged a meeting with a finincial adviser in the next few days about taking out my pension pot from my final,salary scheme and reinvesting it . The chap in question seems a genuine responsible person who has carried out various work with friends and workmates , it was them who recommended him. My slight concern…
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To cash in or not ?
I have worked in the financial services industry for a number of years. I have a deferred pension with Bradford and Bingley and a current pension with HBOS. Both are final salary. Out of curiosity I enquired what my CETV was for the HBOS pension and have been given a figure of approx £350,000. The most recent figures HBOS…
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Stuck with small DB pension
Slightly frustrated post, so apologies in advance. I am 27, and my experience with pensions is limited, but I have a small deferred local gov db pension from two years' previous employment at a relatively modest salary. With so many years ahead of me, the linked growth seems like an unnecessary restriction, so I would like…
