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Best Annuity Comparison Tool
Hello I reach 60 in Oct 2019. I had a small previous employer annuity quote - £57029 lump sum paying annuity of £2702.16 pa. This has been dealt with but I was using the numbers as a benchmark only. My serps pension is with Aviva. Lump sum £64277 currently projecting annuity of £2419.50. I thought this was low compared to…
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easily confused
hi.. ive got a large amount of money given to me through inheritance, and instead of feeling happy im feeling overwhelmed and scared.:( im 50 and not the brightest of people when it comes to things like how to save etc. i have done some research but just getting more confused. i want to put about £30k away for my…
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CB NI Credit Qualifying Criteria?
Hi all, first time posting on here after many years of lurking and harvesting info! Also as relates to ensuring enough credits for state pension figured this was the best place to post. I recently discovered that as I am the recipient of CB for our children my wife is missing out on NI contribution credits. She has taken a…
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NEST top up? Low income
I am looking at my future pension situation which is very low due to taking a long time out looking after my three children and then becoming a single parent. I am 47 now. I will get the state pension of £8797 p.a. I will also get two small teacher pensions of just under £4000 p.a. These are due to me working as a teacher…
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Considering Early Retirement - What am I missing ?
I am approaching 58 and have been working in the finance sector for 40 years next month. I am working far longer hours that I should be and am finding my job stressful with the likes of the hours I work, the workload, anti money laundering, regulation, compliance, procedures, bureaucracy, politics, the lack of…
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Bus Employees Pension Scheme (B.E.S.T.) - please help
I've been helping my brother trace an old pension - it is the National Bus Employees Superannuation Trust Pension scheme, also known as B.E.S.T. which was active through the 1970s and 80s. It has taken a while as he has lost most of the paperwork, and to cut to the chase, it looks like he may have to go to the ombudsman.…
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NRD reduction to 55 in DB scheme and cash transfer impact
I have recently been made redundant , and as a result my NRD in a DB scheme reduced by 10 years to 55. ie no impact on pension. I am currently 22 months off this date and was offered a 4.5% pa reduction of a pension for these 20 months , which meant i m coming in at around 38K pa . Using the redundancy pay out I can reach…
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HELP! Understanding the Alpha Pension Scheme
Dear All, I would be forever grateful if you could give me some advice in terms of what my pension actually means once I retire. I am 30 years old on the Civil Service Alpha scheme. Salary: £40k/year. My monthly contribution: £203/month Employers monthly contribution: £1013/month. However I am struggling to see what this…
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Add to pension pot or reduce my debt?
I have received a letter from my previous employer stating that because I contributed to my pension (Civil Service, Alpha) for less than 2 years I can either have my contributions reimbursed, or I can of course transfer both mine and my employer's contributions to another pension pot. Obviously the transfer amount is much…
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planning for retirement in 25 years time
Good evening all. It has been a while since I have used these forums. I am just after some help and advice as a complete newbie to pensions and retirement planning. Basically to cut a long story short I/we (me & my partner) have had our head buried in the sand, and with 3 young kids, have built up quite a bit of debt,…
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Is this a no brainer
Is this a no brainer or am I being a little naive. I’m currently opting into a company share option scheme. I purchase £125 per month minus tax (40%), and get £125 worth of matching shares from the company. After 5 years they are completely tax free and can be sold on a rolling programme, as each batch of shares matures…
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Found old Pension details but....
I found my old pension company when I worked at Unipart in 1980 ... Nest is whom I need to contact... anyone had any dealings with them as I'm now approaching 55 and wanted to know if I can get it out.? I have my own private pension but forgotten about this one
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Does my plan make sense?
I have a DB pension of £10K that I started drawing in 2012 when I thought that I was retiring. A lot has happened in the last seven years. A new relationship, a new house & a return to the workforce in a well paid job (£60K). I am over state pension age & drawing my state pension of £7245. I have another DB pension of…
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Move Retirement and Death Benefit Scheme
I have a retirement and death benefit scheme from a previous company I used to work for, which is currently managed through Aviva. I'm was looking to move this to a SIPP so that I can choose funds to invest. Is there anything I need to be aware of. I have the transfer value of my plan. I note on the statement that the…
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Pension Company Advised not able to draw down
HI I have been advised I can take the full amount but will need to pay tax on the balance after taking 25% tax-free why is the company been so difficult and if want to transfer will charge me any ideas best for me
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Taking part of lump sum pension
My sister deferred collecting her State Pension and has been given the choice of either taking a lump sum or having it added to her weekly pension. She would like to take half the lump sum and have the rest added on a weekly basis. Can she do that or does it have to be either a lump sum or an additional weekly amount,…
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NHS Pensions Board being difficult
Hi all I wonder if you can give me any advice. I'm trying to track down a pension I had when I was in the NHS many years ago. They have come back to me and said that the addess I gave them doesn't match what they have on record. I assured them that I have never lived in any other house in my life and that the address I…
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My situation
Hi everyone Would just appreciate some comments on my current situation. I'm retired with two pensions. One is from the Mineworkers Pension Scheme and the other is from the Teachers Pension Scheme. Both combined add up to £19000 pre tax. I also have circa £100000 in a SIPP untouched and not adding any more money. Funds…
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Using a loan to top up pension pot?
Would it be a crazy thing to do? I’m a few years off early retirement so I’ve been prioritising saving for the income I need, but could this be an affordable way to throw a lump sum into my pension too? If I borrow £10k at 2.9% across 3 years the interest would be £453, but that £10k paid into my personal pension turns…
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SiPP charges and ETF’s
Why do HL and others cap charges for the likes of shares and ETF funds compared with other funds? Are they cheaper for them to manage or something. I would like to use Vanguard Lifestrategy funds but it seems they are not capped so I’m currently thinking of using VL funds for my ISA and just ETF’s (world stock market and…
