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Pension Wise cold calling
I recently called the govt Pension Wise service to arrange an appointment. Doing so reminded me that a few months previously I had a cold call from someone claiming to be from PW. Do PW cold call people they know to be over 50, or was it scammers? I always tell cold callers that I'm not interested and put the phone down.
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Tax on DC pension drawdown
This may be a stupid question, but here goes. Since we get tax relief on private and DC pension contributions, does that mean we get taxed on it during drawdown (excl. the 25% tax free portion) regardless of whether the drawdown sum is less than the personal tax allowance for the year?
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Take it or not?
In the position to take my pension at 58,will,give me enough to pay off mortgage and a small pension.currently in receipt of carers allowance and tax credits.and work part time up to carers threshold.what to do?
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Pensions Dashboard to be dropped?
Various news articles over the last few days suggest that out lovely caring government wants to ditch the pensions dashboard project (to save money that they would rather go into their pockets? The pensions dashboard, if implemented properly and advertised properly (better than the HMRC Personal Tax Account!), could be of…
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LGPS AVC’s
I have recently had some great guidance on a question about retirement funding which has led me to ask the following question hoping there are some LGPS specialists out there I am considering retirement this year, work pt in a school and a member of the LGPS for around 20 years, I can withdraw £22k from my SIPP and. wanted…
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Is a decreasing PIP a concern with DB?
My annual pension savings value has decreased compared to last year. I understand this indicates a decrease in the value of the pension portfolio. My personal contribution has not changed so this is due to market performance and possibly employer funding less. I am not near retirement, in general do I need to be concerned…
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Defer SP and starting rate for savings: Sense check?
Hi All I wasn't sure whether this is best in the 'pensions' or the Tax avoidance, so if wrong apologies in advance, but here & I am hoping for the best... and sorry about long post.. but I'm a bit confounded by the variables when considering deferring my SP. I've been drawing SP for 18 months, now £7k pa, contracted out…
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Workplace pension
My mother has been out of work due to disability for around 15 years or so and has recently (this month) managed to get herself back in to work (don't worry, benefits people were informed immediately). There's been no mention of workplace pensions. Just wondering at what point as a new employee that you have to get…
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What happens to my pensions when I die
I've recently had a potentially life limiting diagnosis [~50/50 @5 years], so............. I want to get my finances in order to ensure the ongoing comfort of my wife, henceforth known as the Merry Widow. We have pensions that together would have given us a comfortable retirement. Her pension is a DB, mine 2 DBs and a…
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Help! Sustainable Retirement Solution Needed
My mother is 68, retired, and lives alone on a limited income. She owns her home (valued at approx. £250k), has no savings and has approx. £16k of unsecured debt (credit cards). Over the past 12 months her level of anxiety about her financial situation has increased dramatically. The heart of the matter is that she feels…
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transferring during drawdown
I have an old style personal pension with Std Life - current transfer value is around £180K, plus a final bonus. I'm over 60, currently working and contributing to a different DC scheme until I finally retire. I'd like to start drawing down around £500 per month tax free from the SL pension so tht I can reduce my working…
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Looking to clog popping time and spouse's income.
When I retired from work at 60, we knew that my wife, who is 2 months older than I would have to wait to 65 to get a pension on my contributions, we decided that she would pay voluntary contributions, so she had a pension in her own right. We are now over 80 and I am trying to gain some sense of what her income might be,…
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Direct Benefit Pension >>> die within 5 years of retirement
I have two direct benefit pensions both of which are in payment. In both cases, if I die within five years of starting the pension, my wife (otherwise my estate) would receive a lump sum for any pension that has not been paid in the first five years. This is in addition to the 50% widow's pension which is paid in any event…
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Consolidate pensions to SIPP
I’ve got a few pension pots from various sources. I’m sure I can get a better fee structure by consolidating. Total value initially will be about £150-170k Growing to double or so over next few years. How do I determine the best SIPP and fees. Any calculators or general consensus on best / cheapest way forward. I have the…
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SIPP and Retirement Strategy
Good morning everyone! I'm just looking for some opinions really please... I have a SIPP, which I have recently transferred from an AVC into which I have been paying for a good few years. I am in the 40% tax bracket and this has helped boost the pot. My plan for the SIPP is to have in there 5 years worth of drawdown at a…
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68 Year old - Starting Pension ? - Contribute and then cash out ?
A family member is 68 years old and doesn't have a private pension. I believe they can still open up a private pension at their age and receive a boost in their contributions. As they are already at pension age can they then immediately 'cash-out' ?
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How to take 25% from pension pots
Hello, hopefully a straightforward question.. Background: I've just turned 55 and wish to withdraw 25% of my accumulated pension pots of c. £200k. I have 3 pots plus a protected rights pot. I also wish to consolidate into a SIPP. I would like to get the cash as soon as possible, so.. Question: Can/should I withdraw the…
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Email address of CEO
Hi had nothing but problems with Willis Towers Watson- anyone got an email address for the CEO or a senior director please? looking to make a complaint Thansk
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Ill health retirement.
Hope I have the right thread on this. I am a shift worker working earlies, lates and nights. I have recently been diagnosed with Parkinsons disease,and due to my medication etc have asked my employer,if possible to change the shift pattern to earlies only.This is to accomodate the medication,and also due to…
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Pension inheritance
So I have a question about inheriting an old workplace pension. this may be in the wrong thread but I can't find an inheritance section of the forum. Story: My Uncle has recently been diagnosed with cancer, and we've advised him to create a will so that his pension (he has no other assets) can be inherited by his daughters…
