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2 years away from retiring, could an IFA help?
As above, retiring early at 55, emergency service pension, and a couple of rental properties that should bring in an income. Would like to sit down with a financial expert to make sure my sums are correct and maybe gain another perspective/ideas on my options. Only trouble is not sure there is much money for an IFA to make…
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Need Advise On Pension
Hi I need advise on what to do with my pensions. I use to work for "Company 1" and I paid in to a pension. I have left "Company 1" and they transfered my pension to retiready. My money is now sitting in retiready doing nothing (I am not paying in to it) infact retiready are charging me £2 a month for an admin charge. I am…
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Retireeasy Lifeplan Subscription Increase
Hello I have received an email from Retireeasy confirming price increases from 1st May – I currently pay £2.99 pm and although the increase doesn’t apply to me I am thinking about upgrading to the premium version as this will only cost me another £1 rather than £4 pm after the deadline. Has anyone upgraded to premium…
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SIPP and investments on different platforms?
Some people seem to advise using different platforms for safety/security reasons. Is this really something I need to be concerned about? Currently I have a S&S ISA with IWeb, invested in Vanguard LifeStrategy. I’m looking to combine 2 pension pots, about £250k, into a SIPP, again using LifeStrategy funds. I only need the…
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Civil Service Pension problem
I partially retired almost four years ago and received a pension based on my reckonable service during this period. The length of reckonable service used was the same as that which had been shown on my pension statements for over 30 years so I had no reason to question it. Civil Service Pensions wrote at the time of my…
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GOV.UK - Check your pension - National insurance record
Sorry if asked before but I half expected my online National Insurance record for 2017/18 to have been included by now. Instead I'm getting 'Your record for this year is not available yet'. Is this semi normal coming up for two weeks after the new tax year? Thanks in advance.
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Annuities
In 2014 I purchased an annuity with Scottish Widows, I had £70,749.00 from my company pension. As I was no longer working for the company I was given a couple of options , the one I took was a cash sum of £17,687.25. And the remainder was used to purchase an annuity £53,061.75. I receive £214.59 -£42.80 tax, net paid…
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State Pension and Class 2 NIC - is it enough?
I have taken early retirement at 61, my State Pension forecast says I need to contribute NIC until my State Pension Age to get my full forecast amount ( as I was contracted out). I am now self-employed writing educational textbooks earning a small amount so can pay Class 2 NIC voluntarily. Will this type of National…
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Parents in retirement - any ideas what to do with cash?
Hi My parents have recently taken "early" retirement at the age of 62. Given cash deposit accounts are so poor, they are wondering what to do with the cash and was wondering if anyone has any ideas? Below is a summary of their current position: - Mortgage free house worth £650k (only in my dads name), a bit too big for…
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Small pension fund - what options
I have a small Pru AVC pension valued at just under £14k. I thought that at the age of 55 I could get 25% tax free. However having spoken to the PRU they say that as the value is below £25K this is not possible, and I would have to take the pension now (I am 57) - that means access the 25% tax free and take the rest as a…
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Private Pension Forecast
Hi, Grateful if someone could give some guidance on a pension forecast. My wife has worked for the same employer for over 30 years. Her pension changed from a defined benefit scheme to a defined contribution scheme about 5 years ago. Her pension age is 60 although we would prefer to take the pension at 55, which she is…
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Average return from SIPP
I currently have 200k in an Aegon SIPP, aged nearly 60 and I understand that my investment can go down as well as up. I just don't think I'm getting a good return on my money. When I've spoken to them their only advice has been to manage it myself. Alas I don't have the knowledge or confidence to perform this. I'm not even…
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Civil Service Alpha - Transfer In and EPA
I am enrolled in the CS Alpha pension, and have decided to transfer the value of a previous DC pension to Alpha. I've received the quote showing what annual pension this will buy me. I'm also opted in to an EPA of NPA-3. However I'm unable to see anything which clarifies whether the annual pension bought by the transfer…
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Helping my wife to start a pension - good idea?
Hi all, I'm looking for some advice on whether it would be sensible to be helping my wife to start a personal pension / SIPP. A brief summary of our situation is as follows: I am 37 yrs old and am a high rate (40%) tax payer and I have a pension with my employer that I'm maximising the employer contribution on and making…
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Aggregating earlier LGPS Benifits
Hi, hopefully this is a fairly easy query, but I would appreciate some advice on whether or not to aggregate my pensions. I am currently working for local government, and I have deferred benefits from a previous LGPS membership 1986-96 with a current Retirement Pension of £2448 and a Retirement Grant of £7345 payable when…
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Tesco Employee Pension
Hello, I previously worked for Tesco Dot Com about 3 years ago and opted into their pension scheme where I had to pay a certain amount per week. I left and haven't heard more about the pension, I was wondering if there was a way to withdraw the pension or move it to the pension I am paying into now. Problem is, I have no…
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Iweb or Interactive Investor for my Sipp
I plan to open a Sipp. I have sufficient funds to transfer in that the most cost effective platforms are these two. Probably not much cost difference between the two so maybe other factors are the decider Whilst I am familiar with Hargreaves and Fidelity and I currently use Interactive for my ISA (and know their failings)…
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I'm Confused by this Pension Malarkey.....
Please be gentle! I'm confused as to options with pensions. And also as to ensuring bases are covered. Background: OH and I are both 48. Own our house, no mtge, value c425k (400k if being conservative) BTL value conservative 100k, IO mtge 62k. BTL income after all costs (but before tax) c. £4500 (we are now repaying this…
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Help needed - private pension plan or SIPP?
Please could I ask for some advice. This is my first post but I have been reading the forum with interest for a while. My wife and I (both aged 52) work in a private company. We have recently paid off the mortgage and have around £180K in cash savings. We do not however have any pensions. Our company run a NEST pension…
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Understanding My Payslip
Hi All, While I am fairly clued up on most financial matters. I must say that pensions are a topic that really confuses me. I have recently started a new job. Under my previous employment I was having just under £10 per month deducted form my pay. The Pension Benefit Statement shows I have a little over £1,450 at 06.04.18.…
