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SIPP calculation
Hi everyone I'm hoping to take early retirement within the next year or 2 and for the last few months have been feverishly working out THE NUMBER and checking finances to support it. I have only just discovered the tax benefits of paying into a SIPP, but am struggling to understand how much I can shovel in this tax year…
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How to apply the "£35k by age 35" rule when you have a defined benefit pension?
How to apply the "£35k by age 35" rule when you have a defined benefit pension? And am I doing okay? I know the idea behind the rule is to wake people up to saving more but I don't know how to translate the value of defined benefit pension in terms of equivalent total savings. Also, total honestly, I've only started my…
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Early Redemption Pension
Is there any way you can get your pension paid to yourself early if you can no longer work due to a terminal illness?
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Lloyds Deferred Pension - l cannot cash it?
Hi I stopped work 7 years ago due to brain damage caused by a TBI I have a pension pot with Lloyds which was deferred when l left their employ about 10 years ago I am nearly 56 and l enquired about cashing in this pension ( l know about tax etc) but l have been told that " my core personal account is insufficient to cover…
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LGPS flexible retirement update
Just an update to my previous threads, I have been granted flexible retirement started last week, I thank everyone who responded with help. Maz
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pension fund linked to 30 year gilts
I have a pension fund linked to the price of 30 year gilts, the lower they go the more my fund increases. Any advice on future gilts performance much appreciated.
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Help needed for moving pension into drawdown please
I have a DC workplace pension pot of around 200k and have recently stopped working. I will get a small final salary pension in a few months but I want to drawdown some of the DC pension to fill the gap until the SP kicks in. I have to move it to do this. I've done some reading about pensions/investing. I liked the look of…
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Lower cost alternative to Interactive Investor for SIPP and ISA ?
My annual fees with Interactive Investor will be increasing from £144 per annum for my ISA and SIPP to £210 per annum from 1st December. This is made up of the £120 fee for the SIPP and the remainder for holding any account with them. If I just moved my ISA away I would still have the full £210 fee to pay, but if I just…
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AVC or LISA
Hi Guys, I pay 10% into my pension and my employer matches this. On top of this I also pay £100 AVC. My Question is should I stop paying the AVC and instead pay into a LISA instead because then I'll be able to access it sooner and everything in there will be tax free? Thanks
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Switching Funds
I have a Standard Life DC pension that's pretty much 100% in equities. I'm 54 and want to "ring fence" 25% of my funds so that I can take them, tax free, next year. SL do not offer the facility of switching into a cash fund, so what should I be looking at instead? A Government Bond or Corporate Bond fund? I want something…
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Flat Fee for pension transfer - Any suggestions
Hello. I have a defined benefit pension which has recently closed and at the same time they changed the provider so that no if i die before retirement my wife only receives my contributions about 15% of what she would of received before. As a result we are all leaving the scheme. I want to transfer the pot (about £0.5m)…
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Flexible Drawdown
What is a flexible drawdown pension?
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Unfair T&C
My defined benefit pension provider will only give me one transfer quote a year, they have recently provided on and that expires in December. The transfer cost was 6K less than last year. I won't be able to ask for another until 12 months have elapsed and by them, the transfer cost will have reduced another 6K. this is…
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Defined Benefit Cash-in Options
What are the options if I transfer my defined benefit pension. Can I take my 25% and transfer the remaining 75% to another pension pot? I thought there were Inland Revenue restrictions on taking tax fee lump sums and reinvesting in another pension J
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Defined Benefit Transfer Costs
I am thinking of moving my defined benefits pension to another pension pot. As per the FCA rules, the current pension provider needs to see evidence of financial advice. Most IFA's I speak to combine the advice and the transfer cost together. There is nothing on the FCA website about transfers being mandatory IFA task. I…
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IG / James Hay SIPP - anyone?
Has anyone made an experience with the SIPP by IG / James Hay? Low FX charges (30bps) and admin fees (195gbp pa) IMO. Thanks
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Redundancy and pension help and avoiding tax
Hi I am being made redundant on 22nd of December 2017 I will be paid PILON up to the end of March 2018. The total finish figure is £68,350 of which £30,000 will be tax free. By December my salary earnt for the tax year so far will be will be £33,800. I am normally a 20% tax payer and obviously want to avoid as much tax as…
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Which SIPP for LT global equities investor?
Ladies / Gents, After having reviewed various SIPP providers I have ended up with iweb, Interactive and AJ Bell. I do mainly invest into equities including non-UK shares / ETFs and all of them charge roughly the same amount (excluding the FX charges). Anyone who has been investing into stocks globally (GBP, USD, CHF and…
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Pension Annual Allowance Calculator
Anyone had problems with this: https://www.tax.service.gov.uk/paac It seems like it gives wrong information. Or maybe I'm missing something. Surely when looking at the annual allowance carry forward you can currently include the 2014/2015 tax year? The calculator seems to exclude it from the final calculation, but includes…
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SIPP changes at Interactive Investor
Hi, Just received this from II/Lifetime. Any comments?
