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Expat transfer out of SIPP
I live in Italy and I have a 30k Alliance Trust SIPP that has not grown very much owing to some poor investments (Even Woodford can make mistakes). Alliance have recently added a special charge for expats of £375+VAT that cuts down growth even more. I want to transfer out to another either to a SIPP or a managed pension…
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Is Pension Bee any good?
Looking a switching a stakeholder pension from Virgin and wondered if Pension Bee was any good?
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Pension increase to cover SNP tax rise
If SNP put up income tax in Scotland by say 2%, can anyone calculate what extra percentage would you have to increase you pension contributions, with salary sacrifice, on an average wage of £28k, to keep your gross tax payments the same.
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SIPP investment Delisted from AIM
Hi, I invested in a company on AIM (I know, I know) within my personal SIPP. They have recently been delisted from AIM as the do not have a nominated advisor (NOMAD). It is not an administration event and the expectation is they will relist within 6 months. Ignoring the risk of them never re-listing what impact does them…
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Pensions
After recently divorcing, I am having a nightmare deciding who to give my funds to, can anyone advise. I have to move 2 pensions in my ex's name....???
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LGPS Deferred
I have an LGPS deferred pension that starts paying in a few months when I am 60. I have asked the question of them whether I can delay receiving the pension as I am not in need of the money but they have said a firm 'No' - I am one of the 'very small number' of people in the scheme who have a protected pension age of 60…
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LTA excess tax charge on DB pension ?
Hi Grateful if anybody could clarify whether I am likely to incur a LTA excess tax charge when start drawing my DB pension scheme as a result of annual RPI increases ? Say I have 2016 individual protection of £1.2m and a DB pension of £60,000 pa. Therefore no initial LTA excess on commencement, as £60k pa x 20 = £1.2m…
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Frozen LGPS??
My wife has 10 years in the LGPS but left 28 years ago. She's been told she can't draw it until she is 60. I thought it was 55. She currently claims a carers allowance for an elderly relative if that's relevant. Is she being advised correctly please?
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State oension application form
im helping my mum fill out the state pension application form. It seems to ask for a copy of her wedding certificate. Im sure she has this but it could take a while to find it and she wouldnt be keen on sending the original. If she doesnt submit it with the pension form will this mean that her application is refused. She…
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LGPS AVC's
Hi All, I've reached early 40's (42yrs old) and am really focusing on my retirement, and would really appreciate some advice in particular LGPS AVC's. I think I know my plan.... My situation is: Previously worked for 14 yrs at a Local Authority (pre 2008) which will give me a pension of £5,600 per annum. Plus a lump sum of…
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SIPP or other pension
I've been reading this forum for a few months and have learnt loads, many thanks! I'd be grateful for people's opinions on whether my plan is sensible please. DH and I are both early 40s with good DB pensions -small amount available from age 60 and most at 68. We hope to retire around 58 so need something to bridge the…
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Lump Sum when you have 2 pensions
I have been offered a tax free lump sum of £120k from my final salary pension and I have £50k in a HL Sipp. If I take both pensions at the same time and only take £70k lump sum from my final salary pension can I take all the £50k from my sipp tax free. If that is possible how do I do this please. Many thanks.
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Worried about Friends Life pension
I have a pension with FL to which I have been paying in for the past 19 years. Having recently stopped work at 60 I have ceased contributions and intended to take pension out next year when I am 61. But, reading all sorts of articles about FL it seems this is one of the worst pension providers to have been invested with.…
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SIPP Carry Forward Rules - Career Break
Hi My OH has just opened a SIPP and will pay the maximum this tax year. We would like to take advantage of the Carry Forward rules for the last 3 years. Slight fly in the ointment is that we were on a career break for 2 of those years. During this period, OH remained ‘employed’ and a member of the Civil Service pension…
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Pension Options
I've just had 2 years temp' work working via an umbrella company and managed to accumulate a pension of £600. (I didn't even know I was accumulating a pension!) It's not enough to retire on obviously. I also have pension from previous employment of about £9000. I'm 63 and due to retire (technically) in two years but will…
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NOW Pensions
Has anybody had any dealings with NOW pensions. My cousin is trying to cash in a small pension under 2k, they have given him final figure but seem to be stalling with the pay out. Any advice please
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Max Pension Contributions to receive 40% tax relief
I have a two Endowment policies which will be maturing in the next 4-8 months which will give me in the region of £40,000. I will approx. £20,000 in Nov 17 and £20,000 in May 18. I changed my mortgage to repayment a long time ago and whilst I could use the £40,000 to pay off a large chunk of the Mortgage I am going to put…
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Lifetime Allowance (LTA)
I am 55 years old and transferring my pension into a SIPP (1.5m). My capital will be invested by a Discretionary Fund Management Team and I am initially taking tax free cash payment of £100k (to repay debts and have an emergency fund). I would like to continue with my employment till I am 58 at which point I would fully…
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Annual allowance
Hi, I'm hoping some of the experts on here can answer this. I finished work in May 2017 and in that month I received a 6k employers contribution to my SIPP. No other contributions this year. I was planning on commencing drawdown in January 2018. If I take anything other than a tax free sum, will I fall foul of the new…
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DB pension transfer advice please
Hi, my wife has 2 or 3 small pensions where she worked for companies for 2 or 3 years, and I am slowly going through them trying to decide if we should or what we should do with them. At the moment I am dealing with her Arcadia DB pension. I got some details for the company and found I could transfer it. The figures are a…
