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Tracing a pension
I need to trace an old pension, has anyone heard of: https://www.pensiontracingservice.com/
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Lump sum or no lump sum that is the question?
My wife has final salary pension from Boots @ 60yrs old in May; 1. No lump sum £7,147 per year. 2. £34,000 lump sum £5.217 per year. We have no debts, 18 year old daughter living at home. State pension at 67yrs old £6,914 per year. 1. No lump sum plus state pension income £14,061 may pay tax. 2. 34k lump sum plus state…
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Lifetime or payoff mortgage
My husband retired last year at 68. He has substantial pension provision which he has not touched which is worth 3 times the equity we hold in our home. We are relying on our joint savings to live on. My only income is a small private pension worth only £20 per week. He is a deeply controlling man and has made it very…
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Drawdown with HL.
Hi, first time poster here. After 25 years of diligent saving and laterly investing (4years)as a novice, my wife and i are fortunate to have a total1.1M pot with HL, both of us in their s&s isas and sipps.Our fee's are a negotiated 0.25%. I am 59 wife 56. We will be eligable for full state pensions at 66, are mortgage and…
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Occup Pension claim form intrusive
Hello Folks, Am nearing state pension age and will be taking four small deferred occupational pensions from separate companies. I've just received a claim form from one of them (B) and am not at all happy about B's demand for detailed personal and private financial information about the other 3 pensions. I spoke to a…
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accuracy of online retirement calculators
This is my first post. I have had no luck to date so I thought I'd try an online forum to get people's thoughts. I'm only a few years from retirement and am always doing spreadsheets to work out how long my savings will last. The problem is that my spreadsheets differ from the online calculators. With this in mind, here is…
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Income tax on DB pension
I have a deferred DB pension and a DC pension fund to which I'm still contributing. I'm currently still working. Both pensions will allow me to take a 25% tax free lump sum. In the case of the DB pension this will reduce the amount of annual pension I receive to 75% of the amount I'd otherwise receive. If I take the 25%…
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State pension increase 2018
I got my 4-weekly state pension (plus a bit of SERPS) into my bank account today, but it is the same as last month's, ie, no annual rise included. Has this happened to anyone else?
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Auto enrolment and 'opt down'
After some advice please. Company I work for uses Nest to comply with auto-enrolment. Contributions have now increased to 3% and 2% for employee and employer, respectively. However some employees want to remain at 1% contribution, so opting down from the 3% contribution. The confusion arises around what contribution the…
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How much can i pay into a SIPP?
If I wanted to pay a lump sum from my savings how much would I be allowed to pay in to a SIPP and still get a tax benefit from all of the payment? If I earn £30K is the limit I can pay: £30K-Personal Tax allowance-company pension payments? Thanks
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Confusion Over Pension
O.k....The other day I received my Old Age pension notification letter, giving a figure of £147.81 per week.....the government website says that I will get £152.51 per week.....which is correct ??....the gov. website also says that my NI contribution record for 2017/18 is not available yet.....I have over 40 years of…
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State Pension Forecast
Does anyone else find the Gov.UK State Pension Forecast totally confusing. My wife (an ex Teacher who retired at 60 and stopped all teaching/jobs age 62) is due to get her state pension age 65. year 5 months next year. She went to gov.uk to get a State Pension Forecast. This says:- 1. Her forecast at State Retirement Age…
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Serps - help
Hi My father has recently worked out he has £68k in a SERPS pension fund which he is entitled to - he is 60 now. He has been told he can take 25% tax free and then approx £2.5k ish a year. However he said to me that people have been suggesting this is not the right time to cash out SERPS but he isnt sure why. Any ideas on…
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Small pension
I have a very small pension currently worth about £2400 with Aviva which was started when I was at an old employer in the last millenium. It was originally with a different provider, but due to various sales of companies has ended up with them. In the last year, it did not grow at all not even enough to cover the charges…
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36 years old on Universal Credit, should i think about private pension
Hi, Im currently on UC and PIP due to mental health issues but starting to wonder what will happen if i hit the 65+ years old time of life. I know i will get state pension at some point but my question is should i be trying to put away any of my income into some sort of a private pension scheme? Also im Bankrupt, dont know…
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Government Pension-Auto Enrollment, Help & Advice Needed!!!
Hello and thanks for reading. I'm not very well educated but I'm concerned that I'm not contributing to any pension and would like some help. I was auto enrolled by my previous employer when this government pension scheme first started a few years ago, contributions were paid to the pension provider NEST. After 11 years I…
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Phoenix Wealth Pension payment
I have a substantial sum in a Phoenix wealth pension scheme(previously Axa Wealth) which provides drip feed monthly payments and represents a major part of my monthly income. The April payment was not made and after many phone calls they have admitted that they have a major system failure and have not been able tp pay…
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PruFund Pension Cautious
Hello, I have had a meeting with an IFA regarding the possible transfer of my final salary pension. I am now awaiting a CETV from my former employer. They have told me that it will be "in the region of £320,000". The FA has said that IF the transfer were to take place and I was to ask them to manage it, their intention…
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Civil Service Alpha Added Pension Calculator - Wrong?
Hello, I wonder if anyone here is paying Added Pension in the Alpha scheme? I think the 2018 calculator provided on the MyCSP site is incorrect. Compared to last year's calculator my monthly payment seems to get me double the Added Pension! Would it please be possible for someone to double check this? I have emailed MyCSP…
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IFA fees and starting pension
I am trying to gather my thoughts after an initial 'free' meeting with my first ever Independent Financial Advisor. I am 43 years old and have recently paid off my mortgage with my partner and with about 50k in stock and shares ISA in full time employment with £750 a month to put away somewhere each month. I have sought a…
