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IFA managed pension or not ??
Hi to all,,,, brief intro,,, I am 57 yearold married man, not working because of ill health, I,m in receipt of contribution based ESA and in the " support group". Its safe to say my working days are over. My wife works part time and is more then happy to continue doing so, she has no pension. When I was working I was in…
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No pension, is it too late?
Hello all I'm 41 years old and have no pension and about 10K in savings. I own a small business and have put both my kids through private education, one is due to leave this July. I will be saving around 10K a year, the other child will be there for another 4 years. Is it too late for me to start a pension?
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Cash Isa to S&S Isa or SIPP
By the end of this year I will be 55yo. I currently have cash Isa with current value of about 20k. This can ISA is vuttently earnings a pittance intermediate if interest so I want to shift it to investment probably something like VLS 80 or VLS60. My question is when I reach 55yo 1. I am aware I could shift it to S&S Isa.…
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Transfer out of FS and into SIPP
Hi, I am looking for some pension advice, my wife used to work for building society and acrued a small final salary pension that would pay out around £2500 pa (in todays money) when she turns 60 in 9 years time. Out of curiosity we recently applied for the CETV and have been quoted nearly £160,000. This is a huge…
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State pension and contracting out
I just checked my state pension forecast. Estimate based on national insurance contributions up to april 2016 = £144.43 Estimate if contributions continue for another 3 years before april 2027 = £155.65 My retirement date is 25th Jan 2028 (56 years old now) Looking at the contracted out area it states my COPE amount is…
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Transferring advised AEGON pension to CSD SIPP
I had a personal pension plan opened through a financial advisor 8 years ago, the plan is with AEGON. Having taken control of my own finances gradually with more free time on my hands I am now wishing to move the money and DIY this retirement fund. AEGON's fees are high and the chosen investments are all underperfoming. I…
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Top up auto enrolment pension or invest elsewhere?
Husband is 43 and has an auto enrolment pension. He earns £30k pa and him and his employer currently puts in 1%. We can afford to pay an extra £250 pm into his pension so he's arranging to do that now. We currently pay £300 pm on credit cards. Once these are paid off we want to use this amount for his retirement saving…
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How best to split up retirement plan contributions?
I'm asking for myself and others really here, such as my wife, my brother & my sister also. I know there's not going to be a 'right' answer but i'm just wondering what those with greater knowledge than I have would do with this... Let's pick an example figure ... we'll go with 10% of monthly earnings being paid in to the…
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Small DB transfer (that old chestnut)...
Hi all, Sorry long post, I thought I'd try and include all the info in one go to save you having to tease it out of me bit by bit. ;) Overall my retirement planning is looking on track, I have a few pensions which in combination look set to do what I need them to. One of my pensions is a small DB one, and I am weighing up…
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Lump sum contributions matched by company?
If someone was to add a lump sum contribution to a company pension (Scottish Widows - up to the allowed limit) - I'm assuming that the company won't match it as they normally would match the monthly contribution coming straight from pay... Or for the company to match it ... would we just make the additional payments…
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How to fund my wifes SIPP and what to draw
I’m sorry to keep coming on here asking more questions but the more I learn the more questions come up. I’m(56) a non tax payer living off savings/investments, used to work for BT and paid into a Final salary pension for 25 years which will pay out at 60 unless I hold off of course. I also paid into a Standard Life pension…
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5 Year Plan until Retirement
Hi, I have just paid off the mortgage, and am planning on retiring in 5 years time at the age of 60. I am fortunate to be in a final salary DB scheme, and I will have 40 years pensionable service at 60. I am seeking advise on how to build additional savings/ pension over the next 5 years, to maximise my income when i…
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I want to retire early
Good Afternoon I am a female in her late 50's and not due to qualify for the state pension or any other financial benefits awarded to people of retirement age until I am 66(as it currently stands) I am thinking about retiring early at 60. I currently work full time but my pension contributions will only pay out a small…
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3 pension pots into 1 is it a good idea?
Hoping someone can help advise... I currently have 3 DC pension pots (2 frozen and 1 current with my present employer). One is with Zurich and is worth around £37k at last valuation. The second is with Capita Hartshead and is worth around £32k. My current active pension is with Standard Life and is worth around £7k. I am…
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Cash SIPP or invest
I am trying to decide if I should pay off my mortgage now or let it run until the end in May 2019, current balance is just over £6000. My plan then is to divert the mortgage and life insurance payments to savings, this would be £300 per month. I am 55 and plan to stop working at 61. If I paid the £300 into a SIPP I would…
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Mis Sold Pension?
In the 80's I worked for a large supermarket chain and decided to take out a private pension which I did with the old Brittanic. Each year they would do a financial review and recommended I increase my payment into my pension. However they said I could not just increase the payment into my already opened account but would…
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Using Sipp to front run before taking final salary pension
I have a SIPP, value just over 70k. My plan is to draw it over 4 consecutive years, so 17.5k per year, from age 56 to 60. I know there will be a small amount of tax to pay on this amount.First 25% will be tax free, the rest will be taxed at 20%. I will have no other income so how easy is it to get the tax back from hmrc…
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PPF new bank account
Hi there, I was just looking for some advice really. I am currently in between bank accounts and my PPF is due the week after next. Do you know if it's possible for me to get it paid in to my daughters account for March only well I get my new account sorted? It'll be a worry of my mind if it's possible
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Could someone kindly explain this to me
I have discovered an old letter from 1992 referring to my husbands deferred pension entitlement on leaving his employment. Im afraid I don't understand what it actually means. Deferred Pension Entitlement at leaving estimated at NRD Total Guaranteed Pension (GMP) £739.96pa £4851 pa Excess over GMP £1695 pa £6027.71pa Total…
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Moving US pension pot to UK
Hi all: This is a follow-up to a similar thread I created about 2 years ago, that has since been closed (probably due to no posts in a while). I had said I would update how things went with my cunning plan, which I am doing now. To recap, my issue was that you can not transfer a US pension to the UK (at least not easily;…
