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400 a month for 10 years to invest
I have a good amount of disposable income every month and am basically pi***** it up the wall or giving most of it away to bet 365, this last year I think I've finally grown up financially and at 45 have started looking at retirement I've got a final salary pension, will retire at 55 and have worked out at today's values…
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Drawdown comparison guides?
I have 2 pensions one with SW that matures age 60 in 2 years and one with the Pru that was set up for 65. The SW one has quite a good GAR and I'll probably stick with that. The Pru one I'm thinking drawdown, now I must admit to not knowing about this option until recently. My question is how do I research the various funds…
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State pension payments
My partner is due to get his state pension in January and we have applied for this online. Is there any way he can request weekly or fortnightly payments, rather than four weekly. Any advice would be very helpful as we are trying to plan how our finances will pan out.
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Flexible Drawdown PAYE from a SSAS
I have a SSAS pension. I have taken over the Adminstration of the scheme myself having found that the professional who I was paying in breach of a number of scheme rules. Can somebody advise how I report PAYE on drawdown that I may take from the scheme in future. Any taxable amount would be paid from the scheme and not…
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Previous divorce
Hi all. I divorced in ,2010, a quickie amicable divorce with no court involvement re finances, however we were married roughly 6 years whilst I was in final salary pension scheme. Will the ex get any of my pension, Ur is it automatically done when retiring, or does it need sorting at time of divorce?
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UFPLS vs Drawdown for large pension pots
I would like to confirm my understanding of UFPLS vs Drawdown with respect to large pension pots. It seems to me for large pots at or near the life time limit Drawdown is the only sensible route. My reasoning is that if going the UFPLS route any investment growth (growth above CPI from April 2018) of the uncrystallised…
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Enhanced tax free cash – any reasons not to take it?
An old policy with enhanced tax free cash option of nearly 40%, instead of the usual 25% - is it a ‘no brainer’ not to take it? There won’t be a specific need for a lump sum, the whole amount will be used one way or another to provide an income in retirement, either through an annuity, a purchased life annuity, ISAs, or…
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NEST Pensions Q&A
Hi everyone NEST is answering questions here on the Forum as a verified user. You can see its forum account here: Nest Pensions. If you have a question click "reply" below to ask and it will try to help. NEST has asked us to add it will aim to respond to any questions posted within two business days. Related on…
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Transferring my pension
Hi All, I have a Legal&General pension which was regularly topped up for around 5/6 years. My friend now wants me to transfer this into Saint James Place. After a year break, I'm currently working in a new job which uses L&G. Not entirely sure of the company benefits its prob something like 3/5% and they double. Is this a…
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Cash in Sipp
Wife has Sipp worth 20k Also pension with lgps ,when she retires and takes her council pension can she get Sipp all at once ? Or take 25,% and rest in bits keeping under personal allowance
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Fund choices for SIPP
Hi, I have recently opened a Sipp with Telegraph Investors and transferred a pension in cash from a previous employer (£160000), I am 61 and thinking of retirement in the next 2 years. I now need to invest this money into funds but not take to much risk . What fund choices would be appropriate. Thanks J.
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Cashing In Two Small Pensions?
I'm 55 and intend to keep working for another 10 years full time. I have two small pensions from previous employments...one worth £15,000 the other £35,000. Can I cash them both in?...how much would I get?...
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SIPPs - invest in Acc units?
My wife has opened a SIPP. Am I right in thinking that as she will not be at the drawdown stage for a number of years, it would be best to invest in Acc units of funds? I like to see dividends but as there are charges for reinvesting dividends on most platforms, do investors usually choose Acc rather than Inc units? I have…
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Salary Sacrifice - how low can you go ?
I currently salary sacrifice 55% of my gross salary into my pension, and I'd like to increase my contributions a bit, but I'm worried about violating the lower limit (determined by the national minimum wage). Up until now, I've assumed that my employer is not permitted to let my take-home pay drop below £14430 per year,…
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Possibly messed up... (MPAA)
Hi. I'm 57 and recently took a partial lump sum from a small private pension pot. The pot (from memory) was worth around £14k so I couldn't use the small pot scheme. I took circa £8k from it. I didn't read the small print properly and only realised after the event that I'm now subject to the reduced MPAA tax free…
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Charles Stanley for SIPP?
I've carried out a review of providers and I'm seriously considering Charles Stanley to manage my SIPP (£400k fund after 25% tax free). Does anyone have anything positive or negative to say about them? Charges, investment performance, customer service and so on .. Thanks.
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Carrying Forward Unused Allowance PAYE - Is It Automatically Calculated?
Just a quick question with regards the £40,000 annual pensions limit. I pay into my company personal Defined Contributions pension via PAYE payroll Salary Sacrifice and plan to increase my monthly payments via payroll payments and go over my personal limit this tax year to use up some of my allowance from the previous 3…
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State Pension Forecast – Pre 2016 NI top up.
[FONT=Verdana, sans-serif]I am helping a friend with their state pension forecast. They have been retired for some years and will have no employment before their SP retirement date. [/FONT] [FONT=Verdana, sans-serif]I believe they can top up their pension to the full £159.55 pw with 8 missing NI years. These years are pre…
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Redundancy and pension contributions
Please forgive me I have asked several pension problems before but have now got more information on figures on my redundancy so have started a new thread. I am being made redundant in December 22nd 2017 and paid 3 months PILON up to the end of March 2017. I will receive the following in January 2017 £55,515 redundancy…
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Steria Pension Plan Trustees v Sopra Steria Ltd
A court case was due to be heard this year considering the requirement to obtain a “section 37” certificate in relation to a scheme amendment. I believe the outcome of this test case may affect other pensions where the company has obtained an actuary's opinion but neglected to get the appropriate certificate. I can't find…
