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My wife's national insurance record
My wife needs 5 more years contributions for full state pension If she works 4 full years, but in the 5th year works until she has earned enough to pay her full contribution, how much will she need to earn Alternatively can she purchase this final year She is 57 Thank you
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Works pensions
Hi, My brother who now lives abroad has asked me to look into how he can find out how he can check about 2 works pensions he had and if he can collect them. I don't even know where to start with this one, so any advice would be very much appreciated. Thank you.
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Should I retire early?
Hi folks not been on here for a while. Last year we moved from Scotland to Cornwall where i had always worked. Since living down here i have not been able to find work and have some health issues that may require treatment. So as i am not receiving any benefits i have been thinking of retiring early, i realise that i will…
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DB Transfer
And so I join the ranks of those seeking information and advice on transfer of my DB scheme into my SIPP. The TVAS in June 2015 was £69,000. The TVAS received today is just over £101,000. As such, I am comfortably in the range in which transfer advice is required, and will need to use a pensions transfer specialist. I am…
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Wheres my tax code, when will it come and it what form?
I have a Sipp which I put into drawdown and I withdrew more than the 25% tax free part and paid emergency tax which was all planned and I have now successfully claimed the tax back. I was told afterwards I would end up with a tax code as I have not had one for several years. I have no normal income but rather live off my…
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Simple question about annuities
Hi, This is an embarrassingly dumb question about annuities. I will be 55 in 18 months. I'm aware that at that time I can transfer my pension 'pot' into an annuity. But my question is when does this start paying out? I've tried a couple of annuity calculators online; although they show different figures relating to the age…
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election - balanced view
I quite liked this overall http://updates.bestinvest.co.uk/2RVL-H159-D63SXMEN71/cr.aspx
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Thoughts on work pension fund?
Hello, What do people think to the following pension fund? Target fund holdings / Funds: 19.00% Zurich Aquila Connect US Equity Index 16.00% Zurich Stewart Investors Global Emerging Markets Leaders 15.00% Zurich Dimensional Global Small Companies 11.00% Zurich Lazard European Equity Alpha 10.00% Zurich Veritas Global Focus…
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never paid any tax
My partner has been living with me since 2004, when she came over from abroad. She registered herself as self-employed as she was intending to run her own travel service. Right from the start I have been paying her NI contributions as her business have not made a penny and probably never will as there is no longer demand…
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Salary Reduction - Effect on LGPS Pension Salary?
My pension salary is made up of three calculations based on 60th's and 80th's of a projected final salary and a CARE element. If my job gets made redundant but I am offered another job on a lower salary I can see that the CARE element would reduce in my projected normal retirement age salary, but can anyone advise what…
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Lgps
I am 28 years old and have 3 VERY small LGPensions which I deferred. They are Worcestershire, Warwickshire, and West Midlands. I am now starting a new job back in Worcestershire County Council. I am thinking it's a good idea to transfer my original Worcestershire pension onto my new one. However I am unsure whether to also…
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lifetime allowance, DB pensions plus SIPP, check my logic?
Hi, A couple of people have said that they think OH will exceed his LTA with (not huge!) SIPP contributions, but I think he won't, so I just wanted to check with you if our maths/logic is correct. NHS DB scheme 1 deferred benefits, current annual value: £9292 annually LS: £27878 (total at today's values, to be taken at age…
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Sold a pension I might not need
Hi all, Basically when I was 18 I got a prudential pension, my dad had one and said they were good so I got one. After all that I used a financial adviser for endowments and mortgages etc. He then said he would look at my pension needs when I was around 15 years old. He said the prudential was not doing well, and I need to…
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800k CETV Figure, is £28k p.a. sensible
Hi all, Aged 55 in just over 5 weeks and I intend to start a flexi access drawdown income next month, all being well. I have nothing to fall back on presently. The wife nearly 50 has a CETV figure currently at £150k. There is likely to be 3 inheritances in less than 20 years worth something around £75k, £150k and £200k in…
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How do I transfer an opted out pension please?
Can you please help me? Many years ago I opted out but now wish to transfer my pension to another provider which is easy enough in itself but I'm wondering how would I continue to receive the opted out benefits after the transfer? Thank you
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Deferred military pension - lifetime allowance
Hi all, Looking for a little help please! I left the Army in 2007 with a preserved pension (this is a final salary scheme). At that time it was worth approx £9k p.a. Am aware that it is index linked and that I cannot draw it until I am aged 60, at which time I will also receive 3 x annual pension as a tax free lump sum. My…
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Risks associated with SIPP and pension products
I have SIPPs with AJBell and H-L and an ISA with TDWaterhouse (now part of II). The majority of money is invested in index tracker ETFs from iShares, Vanguard, SSGA, UBS, etc. I also have an old style personal pension plan with Old Mutual Wealth. I am still working and haven't taken any benefits. A recent post in this…
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Tax free 25% pension pot and student finance
Hi, would love some advice please. In June, I completed an access module with the Open University and in October plan to start a BA in languages. I have been living on benefits for a number of years now, but in December, can draw a large amount of money tax free from my ex company's pension. This will enable me to sign off…
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Transferring work place pennon to SIPP
Hi, I'm currently paying into a work place pension with Aviva 5% of salary, which my employer matches (and that's the max it will match). I'm still working for this company and will be for the foreseeable. I also have a SIPP, which I contribute lump sums to every so often. Given that it gives me more and better investment…
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MetLife being recommended by IFA
Quick background, hubby has retired with a DB pension that we are managing our day to day living expenses with and I finished work with a deferred DB pension. I am 54 and have no intention of further work as have enough savings to draw down for any large expenses and will get my state pension at 67. I have been to see an…
