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Pensions are a Lottery.I have never gambled.
:( Of course the value to you of your Occupational Pension depends on how long you live.When they calculate your income from it they must have a magic age that you will live to in mind(and hope that you don't exceed it)??If you were of poor health wouldn't it be better to take a lump sum at 66 and spend it on cruises etc.…
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'Available Annual Allowance' or 'Unused Annual Allowance'
Just been on the government website to calculate how much of my redundancy payment can be put in my DC pension pot. There are two figures, which confuses the issue: For the current tax year: Available Annual Allowance is £100,000 Unused Annual Allowance is £50,000 The figures have been calculated for the tax years 2014/15,…
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Which Personal Pension
Hi all, I'm self employed and work in computer repairs. 33 years old And think it's time I ought to be saving into a personal pension. I'm not married and have two Children. My annual income is over £30k per year but less than £60k per year. I am totally clueless as to which personal pension would be best for me so any…
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A little clueless
Hi I have paid into various pensions since I got my first job with the local authority when I was 19. I paid into the LGPS for what must have been 8 years in total. I then moved jobs & paid into a NEST pension for a year or two & now I pay into an aviva pension through my current work though on a salary of £24k I only pay…
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LISA SIPP and S&S ISA advice
I'm 34 and just got back from extended travelling overseas. I've got 0 pension, but north of £50,000 in regular savings. I'm not working now, and looking to start a PGCE in September so will probably earn some money before then. I've decided that I need to start saving to my retirement and have something more interesting…
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Is it worth paying into pension for 10 month contract
As above, would it be beneficial? Temporary contract then would be at uni for a year before moving (hopefully) to teachers pension when qualified. I think I could defer if I did contribute but in all honesty is it worth it?
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Pension Ideas -Self -Employed
Being self employed just wondered if anyone new any options for the best deals when looking at pensions. I heard some real horror stories after the last financial crash of companies going bust and people loosing all their savings, im guessing theres going to be several options but there must be some that are less risky?…
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State pension question again - sorry
Hi, I've just got a state pension forecast for my wife. It shows that she currently has just over £143 with 4 more years remaining including 17/18 which will be covered by her current earnings. She has a gap in 2013/14 with a shortfall of £80 which we would need to pay by 2023. Now I'm really confused on this as I believe…
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Welcome back to dunstonh.
I hope you are reading this, dunstonh, and I hope you'll feel able to return to your activities here. As for the rest of us, we must remember Churchill: "In victory, magnanimity."
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Transfer SIPP to ISA
Hi all, MOH has a SIPP with about £30k in it. She finished work this year and we have deferred her pension for 2 yrs when she is 60. After 60 with her pension she will just have enough pension to take her into taxable income. Therefore would it be better for her to take her SIPP out over the next 2 years so as to reduce…
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Glad to be back !
Not been visiting this site for around 18 months due to health issue. Reading through some posts and find everyone is still seeking the same goals lol. Looking forward to reading people's mistakes,reasoning,good decisions and bad. Just been given the all clear and having a beer so everything is rosy.
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USS data trawl
I'm not sure this post belongs here but I can't think where else it should go. USS have hired a company to do some kind of data trawl to identify members' spouses. The simple solution would seem to be to ask members for the information they need but they are not going to do that. The form and covering letter indicate that…
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Exceeded LTA and Annual Allowance
OK, quality problem, but all feedback welcome. I expected to get close to LTA but the drop in sterling with the referendum pitched me right past it. I continued to contribute as it's *very* tax efficient for me, with employer matching plus a bit, and giving my part a 10% boost, and it's all via salary sacrifice. If I'd…
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Cheap SIPP for US Shares
I would like to invest my pension pot (£350,000) in US shares within a SIPP. As a long term investor the fees that hit me most are: FX rates and withholding tax on dividends. FX rates that I saw are usually at least 1%. So to invest my pension pot that's at least £3,500, then the same amount to sell it and another 1-2% to…
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LGPS flexible retirement.
Have asked for lgps flexible retirement. It will mean being paid all my lgps pension (after reduction for early payment ) and taking all my avc s Can I start a new lgps pension with my new hours and will that include life cover Thanks for any thoughts Dave
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New pension drip fed in
I have transferred to a standard life sip and invested through my financial adviser into 17 different funds a total of £400000. This is getting drip fed in at a third at a time over about 14 months. I am 50 and will be drawing it in 5 years time. Do you think I would be better investing it all now as onflation is eating…
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Lgps
I have a pension with lgps, after having surgery on my spine, I have been left with problems with my legs, and hands,my workplace are making me redundant. if i cannot return to full time work, can I claim my pension due to ill health? I'm 50 Many thanks Alison
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Royal Mail Pension Confusion
My father has worked for Royal Mail for over 20 years and has reached this first mile stone for his pension. We are a little confused over some information he has and is being given. Over the past 5 years he was paying AVC's. For 4 years that was £25 per week followed 1 year at £50 per week (weekly as he is paid weekly).…
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freedom bond section 32 policy gmp
I will be able take my Pearl (phoenix) section 32 freedom bond in august 2019 when i reach 60 (i'm female), I have asked for a pension forecast, but all I have received is a letter saying I cant take it early- I dont want to. Can someone explain how I can calculate what annual pension I might get. The details are from the…
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Auto enrolment less than 2 years contributions
I am leaving my job to start another one at the end of the month. I have been paying into the work place pension scheme for 21 months. My employer has implied that they will refund my contributions and "claim theirs back" as I am leaving within 2 years. Is this correct as I would have liked to transfer it merge it when i…
