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State Pension Forecast
I've checked my state pension forecast, and my NI history shows a full years credit from when I was 16, 17 and 18 years old (I.e. 3 extra years). I wasn't working then, so is this likely to be an error that will be rectified when they do a proper check on my history. Or is it possible the full years credits are correct for…
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Paperwork
Hi all, hope you can help :) I cashed in the smaller of my pension pots, managed by Aeon/Retiready. I was expecting tax to be paid which I'd have to claim back. What I wasn't expecting was for Aegon to send me a P45 with them as my employer with details of my total pay in employment (the amount of the pot) and tax paid in…
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Pension Value Query
Hi, I've got a pension plan with Royal London - their Governed 7 plan. I've been paying in £300 per month since 1st April. Hence I've currently paid in a total of £900 into this plan. I've been online and looked at its performance. IT states I have a fund value of £455.67. I went to Trustnet to see the fund performance…
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Pension Amount Query
Hi, I took early retirement last September at 64, and I am due to claim my state pension at the end of September this year. I have got a pension forecast of £152.78 and it says that this is the maximum amount I can get. (46 years of full contributions). I have just read on another site,(This is money) that if your state…
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auto enrolment
Hi, I have a stakeholder pension with my employer as part of my salary package that I negotiated before taking the job. they pay 5% of my salary into my pension along with my contributions. This has been in place for 4 years (I am the only employee with this - its a small organisation). Now employer are auto enrolling all…
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Tapered Annual Allowance Calculation
I have been reading up on the calculation of the tapered annual allowance. I am beginning to get very confused, as it seems to treat pension contributions made by salary sacrifice oddly. I have tried to calculate both the 'threshold income' and the 'adjusted income' based on the following scenario: Annual salary £120k…
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Taking pension before 55
I am in the process or a divorce and both our pensions are being assessed. My ex has a 32 year pension with civil service forces and prison. He is 54 and has not claimed it as yet. It's likely that I will have a portion of it as I started my pension late. Can this be cashed in before I'm 55 as his pension matured at 30…
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Self Employed (but a LTD company) and need a pension- no idea where to start
Hi there, I am currently working as a freelancer but have needed to become a LTD company. I have no pension at all as yet and want to set one up but have no idea how to do this. Ive emailed a few people, been told about NEST..read abit more about it and frankly it sounds rubbish... Any advice on places to go, how to go…
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Wealth Management Pension freedom
Amanda.......
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West Yorkshire Pension Fund to NHS Pensions
I worked at an employer in Bradford from 2007 to 2016 and was a member of the West Yorkshire Pension Fund (WYPF) throughout. After taking a year out of work I am now working for the NHS and am a member of the NHS Pension Fund. Would there be any pitfalls in transferring my West Yorkshire Pension Fund across to the NHS…
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Join LGPS?
I have recently taken ver and am receiving my Pension from LGPS. I am starting a parting job and can join LGPS. I don't get my State Pension for 6 years. What are the advantages or disadvantages of joking another pension scheme
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Financial Advisor
Hi, I never spoke with one of them, I'd like to know how to look for one and what I should expect from them. Also is it usually a free service to have advices or is normally a paid consultation? I live in Portsmouth and I'd like to talk about pension and savings.
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Pension - Rule of Thumb
Hi, I know this is fairly subjective but I remember on here someone mentioned a rule of thumb that when reaching certain ages your pension should be at least a certain amount. Does anyone know what this rule of thumb is? Thanks in advance.
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R06 and CIMP
I am taking the R06 exam in July and one of the case studies has a CIMP (Contracted In Money Purchase) pension scheme. I have not been able to find out a lot about CIMPs (not mentioned in the study text), but my understanding is that it is simply an employer managed defined contribution scheme that did not accept NI…
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Pensions
Hello, Are there any pension plans that permit an annual or irregular payment? I want to start one, but i don't have a regular job at the moment.
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Workplace pension
I've got to decide if I'm going to do the workplace pension I've had no info from my boss so hoping someone can help I already have a private pension is it worth doing the workplace pension? Is the % rate as good as my established private pension Will the amount I put in keep going up after the 3 year?? If I opt in will it…
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Pension Sharing Orders
Hi everyone, I am in the process of separating from my wife and we have agreed in principle a clean break agreement whereby in very basic terms, she gets the marital home whilst I retain my Pension Benefits However, after speaking to a solicitor and a mediator, both suggested our plan would not be accepted by a court…
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Defined contribution pension
Hi, I was 55 in April this year and I have a defined contribution pension Personal rights £10,000 Former Protected Rights £63,000 My question, if I wanted to take the whole of the pension, how much would I get, would part of my payout be taxed at 40% I retired to Turkey 11 years so haven't worked or claim anything from the…
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IFA Pension advice
Hi I have a small pension fund with Aviva which is a defined benefits scheme. If I stay with them I will only get an annual pension of around £870. . I am thinking about transferring it to a scheme where I can take out lump sums so got a transfer value of £39,000.They say I have to get a letter from an IFA before I can…
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Transfer pot to flexi drawdown- best provider
I want to transfer my pension pot to a flexi drawdown and that needs to be with a new provider. Can anyone point me towards who has the lowest % monthly/annual charges please ? T I A
