-
Is it worth it?
Hi folks, I have 2 very small pension pots from previous jobs, 1 is about £4000 and the other £12,000. My questions are: 1. should I put them in one pot? 2. who do I get to do thid? 3. how much will it cost if I do? Thanks.
-
transferring your pension
Hi, Need some advice please. I was made redundant last year and decided to become a full time carer for my disabled son. I had a work pension that I would like to transfer to a personal pension. I'm looking for a personal pension that works like a saving (if there's any). Something I can put a regular monthly payment/lump…
-
Some ideas please
Not really looking for advice, but some general ideas re retirement planning, I am 58 later this year, employed, earn £20k a year and am auto enrolled. My pensions so far are 1) Standard Life Personal Pension invested 80% with profits and 20% a selection of other funds. Has a retirement date of 60 years. Current value is…
-
New State Pension
Hi. I am due to receive my State Pension in a couple of months, and I was told it would be paid to me every 4 weeks (13 times a year) IN ARREARS! I phoned the Department of Pensions up and asked if it would be possible to receive it weekly instead, and they said that would be fine. IT'S NOT COMMON KNOWLEDGE THAT YOU CAN DO…
-
Mis Sold Storage Pod pension investment
I have come to realize that I have been mis sold a pension investment in storage pods and I am trying to get this investigated. Unfortunately, it is not with one of the high profile companies but a relatively small one with one director. The company name is Brambles, based in Morecombe. Does anyone have any experience of…
-
From Standard Life workplace pension to Charles Stanley SIPP?
Hi, I am considering to transfer my workplace pension of £55,000 from Standard Life to a new SIPP provider. My employer is making monthly payments to Standard Life on my behalf so I will have to inform them to start making payment to my new SIPP once the transfer has completed. But now the question is what SIPP provider is…
-
TFLS and recycling query.
I’m hoping to retire at the end of June this year with a CETV transfer in to drawdown, by then I will have earned circa £16K taxed at 40% with no pension (personal or company) contributions. For the rest of 2018/19 I would have no more earnings, I would be taking a TFLS (maybe not the full 25% in the first year) so I would…
-
DB contributons and SIPP contributions calculation
Hi I read a little while ago, but now can't find the thread, that if you contribute a percentage of your salary to a public sector pension scheme then starting a SIPP isn't quite straight forward as there is a calculation to be made to estimate what level of contributions you can make. Me- NHS DB (1995) Scheme, pay 35.5k…
-
Can I split up a DB scheme
Hi People Currently I'm a member of a DB scheme and I've been given a very generous CETV and I'm wondering the following 1. Can I split my pension pot into more than DC scheme.
-
Capita Pensions Administration woes
As a retired utilities employee, my employers pension and my in work salary was administered by Capita (Hartshead). Generally, their record has been quite good, until this year at least. The March payment advice slip is the most important of the whole year as it contains the P60 tax information required by HMRC. Capita…
-
S&S ISA > Pension?
I invest in both a pension with work, and also a S&S ISA every month. Just curious, does anyone invest in their ISA more than their pension? I guess the benefits with the pension is that its locked away, and the government add a bit (yet they tax you on the other side after the first 25%). :( As a 33 year old, conscious of…
-
Pension and Redundancy
HI I may be being made redundant and I am over 55. I am receiving conflicting advice. I have been told by some people that I can ask my employer to pay some of my redundancy into my pension to get to my pension allowance limit for the last 3 years, the salary is a final salary one. This will reduce the tax I have to pay on…
-
Terminal Illness
A relative has been diagnosed with a terminal illness, his only source of income is his pension, an annuity. Given that this probably dies with him, is there any need to inform them at this stage?
-
Quick help please with a pension...
My mum deferred her pension 3 years ago and this week is to receive a lump sum. Keeping the numbers simple bar a few pounds and pence she is to receive 25000 - 5000 tax = 20000. But last year she only earnt 6000 from her part time job so she is wondering why she isnt getting taxed on 20000 = 4000, because 5000 of the 25000…
-
NEST pension number
I need some advice. I have a company pension but I’m changing jobs and moving to a new employer. My new employer is asking me to confirm my NEST pension account number, but I don’t think I have one. (They seem shocked by this). Should I have one? Have I accidentally opted out of something i should have had all along? Any…
-
Defined benefit scheme & redundancy
I have just turned 50 and I am in a defined benefit pension with 31 years contributions. Due to impending redundancy it will be possible for me to start drawing on my pension at no reduction as soon as I am made redundant. I intend to find a new job. So I enquired with our HR department about having my pension deferred and…
-
Surprise Pension
Just found that I was owed an NHS pension from my job which ended 33 years ago after working for them for 5 years. I moved 2 years after leaving, so they weren’t able to notify me until I rang them after receiving a letter about my retirement pension which mentioned the NHS pension. Just received over £12,000! Moral of the…
-
Pensions for Dummies
Hi all, I was wondering if someone could give me some advice. I dont really understand how my pension works. To summarise, I have been in the LGPS pension scheme for 7 years now. I work p/t (0.7 fte) and I contribute about 5.8% at source to the scheme. It’s a defined benefits scheme. I have three years at final salary…
-
27, never contributed to a pension, absolutely clueless (possible police pension)
Hello all you great people. I'll be upfront about it, I know (roughly) a bit about pensions, but I have no idea how to make them work the best way for myself. I've worked in a call centre for 4 months in 2017, and that's the only time I've paid in some NI contributions. At the time mandatory pension didn't exist, so my…
-
HL Cash Sipp
If I transfer my final salary pension to HL cash sipp, if draw just under the tax free allowance each year , allowance is 11850. So if I draw say 10,000 does my state pension get added on to that so would make me pay tax . As pension is counted as earnings,
