-
Accessing pension pot at 55
Can anyone confirm what age a female born feb 1971 can access her personnal pension. My understanding is that she would need to be 55 so can access feb. 2026 is this correct?
-
Savers with £1m+ pensions could be spared six-figure tax bills for rules breach - MSE News
Savers with £1m+ pension pots who accidentally breach contribution rules could be spared six-figure tax bills, following a key court case...Read the full story: 'Savers with £1m+ pensions could be spared six-figure tax bills for rules breach' Click reply below to discuss. If you haven’t already, join the forum to reply.
-
Rent and Pension
If i am getting rental income on properties will i still be entitled to a full pension on retirement? Would it affect the amount it in any way? Thanks
-
Final Salary Scheme - what to do with friends advice.
I'm sorry if this is repetitive but I had a friend nagging me at the weekend about the above. She has recently transferred a £200k pension pot to Scottish Widows to look after on the advice of a financial advisor her brother knows. I am not sure if it was a F.S scheme or not. The reason she is nagging me is that she thinks…
-
SP and NI Contributions this year
Hi folks, I am trying to understand if I have made enough NI contributions in April and May this year to qualify for a full year of SP. I was working in April - leaving at 30th with a redundancy package that included an element of PILON on which I paid NI. I am not 100% sure what information I need to give here to help…
-
Choice of fund
Hi, My works pension is an Aviva stakeholder and I’m currently invested in the Aviva Invesco Global Equity fund. I’m 39 years old, is this a good choice of fund for my age or would I be better off with a tracker fund like the Aquila Blackrock 50/50 or something else again? Thanks
-
V small European pension - i want to transfer it to UK
Hi! I'm having a bit of a problem understanding what to do next and hope someone can maybe help? I've searched this forum and can't see anyone else has asked this question. The nature of my profession means I have (it is encouraged) to move jobs quite a bit. My last job, of 1 year duration, was in Europe and I was…
-
State pension forecast - will I get the headline figure from the state or is COPE deducted?
My husband and I are in our 50s and retirement planning. We have a spreadsheet. When we each look at our state pension forecasts the figure headline is the £168.60. Our actual to April 2019 is about £4 short of this per week. We have done 35 years and 36 years full contributions, some of this time we were contracted out.…
-
Strategy to cash in pension
My wife works for the NHS. She has a pension associated with this employment. She also has an old stakeholder pension fund amounting to about 10k. She cannot take this £10k as a lump sum as the total sum of her pensions including the NHS pension is greater than the threshold. Our plan then is to move the stakeholder…
-
Early Retirement viewpoints
Hi All I am thinking of early retirement for years, but not able to focus myself and wondered if MSEs ( planners/already retired ) could give some view points please? I plan to retire at least 8-10yrs before SPA. I'm sorry , if there is similar thread already! 1. What's the retirement age in your mind?/ or What age did you…
-
Pension V Student debt
Hello I currently have an outstanding student loan debt of about 7k and pay about £120 a month towards repayments. I pay into my pension about £150 a month (approx 6%) which is the basic % amount from my wages and my employer contributes (approx 3.5%), i am considering paying off my student loan and using the repayments…
-
Reasons to cash in a DB pension?
I am approaching 55 and one of my pensions will commencing paying at age 63. Depending on the transfer value, I am considering transferring that to a DC pension in order that I can have more control over the money. My rationale being as follows: 1. It isn't the largest portion of my pensions. 2. I would likely pay tax at…
-
Women SPA this week
https://www.pensionsage.com/pa/Date-set-for-BackTo60-judicial-review.php High Court 5-6th June not sure how much press this will get. I expect it depends what the outcome is. If it goes in the Women’s favour it might get a little bit more, because something will have to happen. If found in favour of the Government then no…
-
Can a SIPP transfer be partial?
When a SIPP is transferred from one provider to another must this necessarily result in the closure of the account being transferred out, like a current account switch? Looking at a few SIPP transfer form examples confirms only that the transfer can be done in cash and/or in specie. There is no option to indicate whether…
-
Got a letter from pension scheme provider in friend's name
Hi all, I'm new to this site. I feel so rattled at the moment. Please.bare with me. :) I basically let a former housemate stay at my new flat for two days. She just started a new job a couple of weeks ago and doesn't have a permanent address. Since we'd moved out of our previous home a month ago she has been staying at her…
-
Got a letter from pension scheme provider in friend's name
Hi all, I'm new to this site. I feel so rattled at the moment. Please.bare with me. :) I basically let a former housemate stay at my new flat for two days. She just started a new job a couple of weeks ago and doesn't have a permanent address. Since we'd moved out of our previous home a month ago she has been staying at her…
-
daft DB question
Apologies in advance, but... Does a DB pension make up part of the LTA? The reason I ask is, there's no real pot, its just an agreed amount they pay me? Thanks you in advance and sorry if its daft. trying to learn, but cannot find the answer. Regards
-
SIPP Tax Relief
Hi I have a stupid question to which I'm sure the answer is 'you want to have your cake and eat it too?' but want to ask anyway just in case.. In order to claim the additional 20% tax relief available to a higher rate tax payer to be applied to a voluntary contribution to a SIPP, would I be right in assuming: You had to…
-
Opening a SIPP
Looking for advice for my 57 year old brother. He's always been a 'self employed' construction worker and so has never had an opportunity to save into a pension. He's about to receive a £10,000 inheritance and really needs to invest it for his old age! He also earns enough to regularly save. Would opening a SIPP be the…
