-
Funding Gap Between Retirement & SP
Just curious to know what people might choose for their gap fund:- Remain fully invested as prior to retirement Fixed term annuity for the gap Escalating fixed term annuity for the gap Other option
-
Can and Will the Goalposts Change for Pension Savers?
I'm starting to have some What If doubts. I can currently access my pension at 55 (a few years off for me), but under a different government that could change radically couldn't it? I like the idea that my money isn't trapped forever and I could take some money out at 55, maybe to buy a property for example. Likewise I'm…
-
Advisor assumes 3% increase for everything?
My advisor has provided my wife and I with a pension plan and prediction of our future pension income. In his summary he uses the phrase: assumed 3% increase for everything including what our state pension might be. Is this 3% commonly used as a safe bet? Does it reflect how much we might pay in fees? And could it be…
-
tapered allowance nightmare
Hi Experts I'm in a NHS pension scheme and at receiving end of 'tapered allowance taxes' , since recent changes to the rules for Annual allowance... I wonder if it is worthwhile staying in pension when you have only 10-15k allowance left ( total net income 185k including modest NHS income, & income from BTL properties and…
-
Contracted out SERPS / COPE. Help Advise Please.
Hi and thanks if any input I recently looked on the govs website to see what pension i would get when i reach retirement age. It said i could could receive my pension on 12 Jan 2028 and i would receive a state pension of £159.55 a week. On the next page it said "in the past i had been contracted out of the additional state…
-
SIPP allowance question
Dear All, I am writing to ask for some general advice on setting up a SIPP for my mother, and what her annual allowance would be. She is 64 years old and currently working full time (self-employed), earning approximately £70k per year. She has an NHS pension (about 9 years service) for which she received a lump sum, and is…
-
SIPP or Lifetime ISA
I am getting close to the big 40 and should decide whether to open a Lifetime ISA (for the pension rather than property purchase) or perhaps a SIPP. My current employer doesn't offer a proper pension, so am I better off with a SIPP? The SIPP annual charges are likely to be 100 quid I think. So I would only be able to pay…
-
Coming out of final salary early
Im on a downer with my work, no pay rise for 4 years and cant see me getting one for the next 4 either. My pension as a result is not increasing by much at all, about £400 ( costing me € about 3500 a year in contributions) a year. Its worth £10000 a year at my last statement.i plan on stopping work at about 57 so have 7…
-
Coming out of final salary early
Im on a downer with my work, no pay rise for 4 years and cant see me getting one for the next 4 either. My pension as a result is not increasing by much at all, about £400 ( costing me € about 3500 a year in contributions) a year. Its worth £10000 a year at my last statement.i plan on stopping work at about 57 so have 7…
-
Euro Disney SCA Stock - WORTHLESS!!
Hi, I found out recently that my shares in Eurodisney are worthless. I had 574 shares - is there anything I can do - complain or anything like that?? Help is needed. Many thanks, Amanda
-
Blocking my Pension Transfer
Hello All, My recent experience with an IFA was not very helpful! I have a small DB Pension fund around £37K and wanted to transfer this so that I could draw down from it which I can’t do where it is at the moment. This was going to be a stop gap top up for 3 or 4 years to cover retiring early – or rather being one of…
-
NHS Pension advice
I have recently left the NHS and want to transfer my pension to a Local authority scheme. I have received the Transfer value but it looks like they have incorrectly calculated it. Any advice on getting independent advice on what the Transfer Value should be?
-
I'm losing money beacuse I can't determine the way forward.
Made redundant earlier this year. 62.5 years old. Have a deferred DB pension and began paying into new DC pension for about 18 months before redundancy. Asked trustees to waiver the actuarial reduction and they agreed. As I saw it my 1st priority was to bridge the gap between now and NRD. With the advise of board members I…
-
Another NI question
Having 'retired' in June 2017, my NI contributions for 2017-18 meant that I was credited for a full year. Aged 60, my forecast states that I am 5 years short for the maximum state pension that I can receive. With this in mind, in April 2018 I took a 2 day per-week part-time role. The salary is between the Lower Earnings…
-
Royal Mail Pension - Deferred members increases
I left Royal Mail in 2014 having been a member of their DB pension plan for 21 years. I have been looking at my annual benefits statements for the the last 3 years and on the statements for 2015 and 2016, no annual increase were added to my benefits. Only in 2017 was a 1% increase added. My understanding is that as a…
-
Am I Too Late?
Hi all, thanks for reading me ;) Could anyone help me with regard to life insurance or a funeral plan for over 50s? I want one that will pay whether I die within two years or not. They all seem to not want to pay out if I kick the proverbial before 24 months is up :( I'm a young 62 (today), don't smoke, don't drink, don't…
-
Employer has not been paying my additional contributions to pension company
Exactly as the title suggests... I've been making additional contributions directly from my pay into my workplace pension. My payslips reflect these amounts but the pension provider statement only shows my minimum contributions. I.E., if my minimum is £100 and I pay and additional £50, my payslip shows this £150…
-
Help with my work based Aviva pension
Hi I have my work based pension with AVIVA and it’s all invested in Aviva Mixed Investment 20-60% Shares S6 Pension Fund. I have no idea how or why I am in this fund nor was I ever asked if I wanted to be. I was just plonked in it when I started working at my current company 8 years ago. Is this a ok fund to be invested…
-
National Insurance contributions shortfall
I am in receipt of State Pension and it is topped up with Pension Credit for myself and my wife who lives with me but does not currently work and is not signing on. She has nine years of National Insurance contributions, but needs ten to qualify for a State Pension. What options does she have for adding an extra year. If…
-
NOW Pensions again!!
Hi all Back at the start of April, my employer chose not to stay with NOW Pensions and move to a new Pension Provider. A couple of weeks later, I decided that I wanted to transfer my pension from NOW, to the New Pension Provider (I applied to have this done through the new Pension Provider). Nearly 4 months on and this…
