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Filling in missing NI years to boost state pension
My wife has gaps in her NI record and we've been wondering whether to pay Class 3 contributions either to fill in those gaps or to pay for future years (she no longer works). She received a state pension forecast recently which indicated that based on her current NI record her forecast was £126.93 per week and that she…
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Lifetime Isa vs. company-matched pension
Hi all! I'm looking for some advice with my retirement planning. I'm trying to decide whether to max my company-matched pension contributions (currently £91 a month that is being matched) The pension is with Standard life and is being invested into multiple medium risk funds across multiple countries and sectors, so it's…
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Contracted out Personal Pension Plan
I have a contracted-out personal pension plan with SW with NRA of 65. Can i defer this NRA to a later date?
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Equity release or Homewise Home For Life Plan?
We are in our late 60s and looking to buy a property. Is equity release preferable to the Homewise Home For Life plan? We don't wish to leave all the profits to our heirs, but want to release funds for travel etc. Thanks in advance!
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SIPP - Investing in Marijuana
I turn 55 later this year. I have a small unit-linked personal pension plan with Phoenix Life, currently valued at around £7,000. I want to transfer the full sum into a self-invested personal pension (SIPP), and will probably go with AJ Bell. I'd like to invest at least half of it in the legal marijuana industry, but which…
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SIPPS - overseas income
I am (now) resident in the UK for tax purposes and am receiving income from overseas in the form of a pension (the pension is worth c. 100k per annum). The pension is assessable taxable income in the UK but is actually taxed in the country of origin (there is a double taxation agreement between the two countries) My…
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Help to understand performance figures
Hi, I wonder if somebody could help me please. I am just looking at the performance figures for the Vanguard Life Strategy 60. I am comparing the past performance on the Vanguard site and HL site and trying to understand whether they are the same. Vanguard appears to show big swings between higher and lower values. I…
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lost - and found...
All this talk of pensions with my niece and I remembered I took out a 'personal pension' back in 1992 - I didn't pay into it for long (I had been self employed and then became an employee and paid into that pension instead) and having now found the paperwork and tracked down the provider - I'm left with a pension with just…
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Does a pension that is frozen to further payments count for carry forward?
Hi, I wonder if I could trouble those that know for one more piece of advice before going ahead and opening the SIPP. I have four old Royal London pension policies (pension, serps, transfer in from company), I stopped paying in to these many years ago so the pensions are still live but are frozen to any further payments.I…
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Pension Options
Good morning My father is able to draw down his pension from September 2018. He has a financial adviser who is wanting to charge him 4% for the privilege. Is my father able to draw his pension himself without having to give 4% away to an "adviser"?? Many thanks
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State pension top up
I reach state pension age in May 2019. I currently work but earn beneath the LEL. I have 39 qualifying years for State Pension. I believe that it will be advantageous to buy the three missing years from 2016 onwards. My question is, how late can I leave it to buy the missing years and still get the maximum pension…
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Abbey Life Pension Mortgage
In 1988 I took out an Abbey Life Personal Retirement Plan linked to a mortgage. In 1993 I switched from monthly to annual contributions. In 1997 I stopped making further contributions. I do not believe in contacting claims management companies. However I saw an advert for such a company recently claiming that holders of…
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SIPP query
I have been reading these threads and am thinking of opening a SIPP to get benefit of the 25% top up. I currently work part-time and earn approx £9000 pa gross - I commenced work with the NHS in 2016 and am a member of their 2015 Scheme paying in 5.6% of my salary. I am 57 years and am due to receive a pension from a…
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State pension - good value for Money
Having recently returned to the UK we've been looking at my wife's national insurance gaps which are considerable. She has 19 completed years and is 55 years old. Speaking to the pensions service we can currently pay around 10 years 'back' contributions for just under 8,000 which will take her to 29 years. Over the next 6…
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Pension increase exchange advice
Has anyone received a pension increase exchange offer before and would anyone confirm that I am right to advise my husband not to accept this offer from his pension scheme where he takes a bigger pension now in exchange for annual inflation increases? My husband is 59 and his DB pension which is our main source of income…
