-
advise for a doctor with zero financial IQ
Hi, I just want some advise to start with. I am a radiologist working in the nhs since 10 years. 45 years, 2 kids, teenagers 1. I have my mortgage paid off, so sorted out the house,car paid off 2. I have a nhs pension, part 2008 scheme My financial goals are simple will need around 2 to 3 K a month post retirement some…
-
Private pension new access age ??
I have read that the access age for private pensions is going up from age 55 to 57 years old in 2028, to mirror the increase in state pension age. I am currently 45 (as of Nov 2017) so I will turn 55 in Nov 2027. This suggests I'd be able to access my private pension at this time since the new ruling hasn't come into…
-
Could a pension be a form of life assurance.
I’m under 35 and married with 2 kids. If I Day (say before 50) would be wife get what ever is in pension pot? So wouldn’t this be classed as a form a life assurance?
-
calculating pension carry forward sum for a SIPP
I'm trying to get my head around SIPPs and pension carry forward. I'm 33 and lets say this tax year I will earn 90k. I have been working for the past 5 years and have a pension with work via PAYE. I can look up the exact amounts, or request figures for the previous years but I have made a contribution each year, my…
-
Aegon - Making a withdrawal from a pension
Hi I've been running through some old paperwork from a previous employer that I was with for three years and found that I was paying into an Aegon Pension during this period. Is there a way to transfer this sum of money into my bank so I can re-invest it into other areas? As its my money surely there is a way? I'm mid 20s…
-
Pensions and crypto currencies
Hi, Does anyone know if there are any company's which you can invest in crypto's, not Bitcoin or ethereum but smaller newer crypto's maybe ICO's. I currently have a small pension pot that I'm not paying into of around £28000, I would lime to try and get this into crypto's if possible? Has anyone else done this? Thanks in…
-
Pension carry forward
Hi I am a bit confused about the pension carry forward rules. I will explain what i want to do so i was wondering if you can tell me if its possible: - This tax year (17/18) income will be around 5k say. - Previous tax year (16/17) income was 50k say. - I don't have an existing pension i contribute to and haven't…
-
How to value pension - comparing two jobs
Hi all, I'm in the lucky position to have just been offered a new job, however I'm looking for some advice on how to compare the value of the pension scheme on offer versus my existing companies pension. I am really excited about the opportunities the new job offers - but I want to ensure that I'm not making a financial…
-
Rejoining LGPS
I have been in the LGPS pension for 4 years. When I first joined I had to work for at least 2 years for the pension benefits to accrue. If I leave my current job then in a few years get another job with a LGPS pension do I have to wait another 2 years or will benefits simply be added to my existing pension??
-
Am I reading this right?
Hi My partner works at Next and earns around £8000 pa. She turned 55 this month and has no plans to retire just yet. Limited savings and no private pension. From reading the thread, am I right in thinking she can open a SIPP with someone like HL; pay in £2880; wait a couple of months for HMRC to top this up by £720; she…
-
Decisions to be made
I wish to retire early so have decisions to make regarding what to do with my pension, it will be 3 years to state pension age (66) for both my wife and I. I have both a Defined Benefits and a Defined Contribution scheme with the same employer; the Defined Benefits scheme closed 10 years ago and was replaced with a Defined…
-
Work private pension withdrawal to UK bank account
I am 45 years age. I can withdraw workplace private pension at age 55. The pension can only be withdrawn to UK bank account. I am moving abroad permanently in few weeks, and UK banks will close my account if I live abroad forever. I don't have any family in UK to give their address to banks so banks won't close my account.…
-
Private pension query
Hi all. I had a look at this part of the Forum but couldn't see anything on this point, so apols if its already here somewhere. Mrs Wild Rover is in receipt of her teachers pension. As she worked in the private sector for a while too, she also has a private pension pot. When she started working in the public sector, she…
-
Closure of DB Scheme
I work for a large company (private) that is proposing to close the DB pension scheme. We have just completed the mandatory 60 day consultation. What has become apparent is that the illustrations that the company sent us from the outset (i.e. what we would get before the change, what we get post change - going to a DC…
-
receiving a private pension at 52
hello i took voluntry redundancy a few years back and could recive my works pension from 50. the only problem is Im still employed and losing 40% in tax off my pension each month. is there any way i can freeze receiving the pay outs till say 60 and receive a larger sum each month? thanks carl
-
PPF intervention in Toys R Us
What does this event tell us about the future of Company Pension schemes?
-
Overpaid NI contributions
Hello, I have mistakenly paid voluntary NI Contributions to HMRC when it wasnt necessary If your starting amount is simply the old basic state pension plus an amount for SERPS, then if you already have 30 qualifying years before April 2016 there is no point paying voluntary contributions for years before 2016. This is…
-
Claiming back voluntary NI contgributions
For the last six months I have been paying back money to HMRC in the belief it would boost my pension despite the fact I have worked 42 years. I now realize it wont make any difference at all so I have stopped the direct debit. Does anyone know if I can get a refund of the monies paid to HMRC which is just shy of £500?…
-
New pension eligibility question for housewives
Hi, reading up on the new state pension rules, I've seen that in order to qualify for anything, people need 10 years of NI contributions. My mum will be of state pension age in a few years but she has been a housewife all her life, and hasn't claimed any benefits. Would these rules exclude her and many other women I…
-
Confused about pension credit
Hi, My dad is going to get his state pension next year and I'm looking into it for him, I found there is an extra benefit he can get called a pension credit and he's eligible for the guarantee part of it. How is this amount affected? does anyone have any experience of this? does the fact that he might have some savings…
