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claiming 40% relief
Hi, I wonder if I could trouble you guys for some advice? My wife is going round in circles with HMRC and I'm not sure what is the correct approach now. She has decided to max her contributions to her pension for as long as she can, so for this year it will be 40%. 20% gets added by her pension provider and she phoned HMRC…
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Should I pay for pension advice?
Considering whether I should diversify my pension portfolio as, in my main pension (15 yrs worth of contributions) with Hargreaves Lansdown 99% is invested in equities and the majority of that is in a single fund. Having had a pension review with my new company the feedback from the IFA was while my pension has performed…
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Warning: Double-check state pension forecasts after Govt admits 'significant' errors - MSE News
Warning: Double-check state pension forecasts after Govt admits 'significant' errors...Read the full story: 'Warning: Double-check state pension forecasts after Govt admits 'significant' errors' Click reply below to discuss. If you haven’t already, join the forum to reply.
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Pension payments
Hi Guys Can some advise me on the following I have been lucky enough to have had a record year at work and hit some big targets so I need to be sure I can Pay the following into my pension. 2016/17; 2017;18 ; 2018/19 I have three years allowance of £120,000 and actually paid in £85,000 leaving an unused allowance of…
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Civil Service Pension Scheme Collapse
I have to say upfront that I'm rather embarrassed to be posting this on this site as it has left me feeling a bit hopeless in trying to describe to someone in coherent terms why I believe they have abandoned all rational thinking and been taken in by someone talking absolute nonsense. I'm embarrassed also that someone…
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Pension performance
I started this Aegon pension 3 years ago Total contributions:£27.6K Current Value: £29.6k So its grown £2k which is 7.2% or 2.4% per year - is that right? It seems really bad when 1 year savings accounts are paying 3-5% and instant access is 1.5% p.a while this is locked away for years. I have had full HR tax and NI relief…
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Commuting DB lump sum to income
I’m a deferred member of the USS pension and I was reading about the option to commute the ‘standard’ tax free lump sum into higher income payments, but I couldn’t find information on whether the additional income would remain tax free or if I would pay tax on it. If it’s taxed, then would that mean no tax free element to…
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Retirementline .co.uk
Looking for competitive annuity quotes A friend said Retirementline was good Has anyone used this provider What is their service like Any other recommendations
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How best to use my pensions alongside other money.
I will be 65 in October and am sorting my pension funds out and have a plan for my financial future.I would welcome observations and answers to the questions I am asking myself. I’m married with a 17 year old child who aims to go to University. My wife is younger and works part-time, I work part time but for very low…
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Early retirement
Hi, I am 62 years old, my wife is 61 and we ready to get out of the rat race and start doing things we want to.I hope to get a less stressful, part time job to contribute to our living costs. We have no mortgage on a property valued around £230,000 and I have 2 pension pots - £350,000 and £100,000. I want to keep the…
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IFA Commission
My Dad is about to retire and has been to an IFA over options with his 10 separate pensions. The IFA has recommended my Dad "re-invest" his pension pot with a medium-level risk. From what info I can gather, it seems this will be in the form of a drawdown pension I am concerned that he's been talked into investing the funds…
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Pensionbee newbie
Hi there I'm trying to tidy up my partner's old pension pot currently £21k with ReAssure. It is an old product – paper-based and high in charges. I've been looking at transferring to Pensionbee for simplicity's sake (web-based interface) and then maybe transferring that in to a SIPP(?) later on. Does anyone have experience…
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personal pension contribution - previous years?
I know you can fund your personal pension up to your annual earnings (up to £40K allowance) for 20% tax relief, but was wondering if you had not fully done this in a previous tax year (e.g. earned £30k but only contributed £5k to pension - say 2016/17) whether these unused earnings could be rolled forward into the current…
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Pension Statement Query
Hi, I've been lurking around on this forum for a while trying to get a better understanding of pensions. I'm 43 and have been have a pension through my employer. I started paying into a pension when I was 25 and I have always paid the maximum possible to take advantage of my employer matching my contribution.....this…
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Flexi drawdown not available
My husband retired just over a month ago, and we are in the process of putting our pension withdrawal plan into action. There was a minor spanner thrown into the works yesterday as it appears the pension plan from his last employer doesn't offer flexi drawdown. We were sent a pack with his options, which were either an…
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cashing in a sportsman pension
not as good as thread sounds. i was a pro rugby player for around six years way back , i got injured and had to retire. i paid into a sportsman pension , i could claim the pension at 35 but decided to leave it till 55 . my question is that I could really do with the money out of this old sportsman pension I have . is there…
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RBS and clawback / State Pension Deduction
I will shortly be 60 and I have had my retirement pack for my RBS DB pension. There is a mention of "clawback" in the pack which says: "When you reach your State Pension Age your pension from the fund will be reduced by your State Pension Deduction. This is currently valued at £141.13 and will increase in line with your…
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What to do with £3.5k APeCs?
I will shortly be 60 and I have received my retirement pack for my RBS pension - it's a DB scheme and I'm planning to take it at £19,376 per year rather than £98,694 tax free lump sum + £14,799 per year, unless anyone convinces me otherwise. (Although currently working elsewhere, I plan to stop at 60. I have c£10k per year…
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Non-tax payer and pension contribution?
I wonder if anyone could help with a question we have? My partner has continued contributing a small amount into a previous pension scheme (Scottish Widows) and the amount is increased by the tax claimed by SW each time. However, recently her work hours have been reduced and now earns less than the tax threshold, so no…
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Can I get some sort of loan to access PCLS early?
Complex situation. I will try and be brief. We own our previous house outright, no mortgage. Value about £300K We own our current new build under construction outright. About 3/4 complete and we are living in it. Value when complete about £250K. Value right now unknown. We have run out of funds to complete the new house.…
