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IFA - Pensions transfer specialist
what is best way to find a local one ? is it unbiased.co.uk and vouched for websites ? or are there better ways ? unsure as yet if may need one . Thanks Mick
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Resigning - what happens to pension with 3rd party provider
Potentially resigning shortly to take up a position in another company My existing companies pension is completely DC via Scottish widows - it has reasonable fund choice and pretty low fees that are negotiated by my very large corporate employer My new employers scheme is with Aviva and from what I've seen so far isn't as…
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How long does it take II to reclaim tax relief?
Hey all, I started my SIPP with II on 2nd December with a lump sum transfer from Standard Life, since then I've been making monthly contributions, the first one was 24th Dec, it's been 2 months now and I haven't seen any tax relief come in yet, does anyone know how long it takes II to reclaim the tax relief?…
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Cash Lisa to move or not to move?
Hi, I have a Cash Lisa with Skipton for over a year now, total is £2700 including bonus. I was supposed to use the funds for our house purchase but my partner insisted not to add it anymore in the deposit but just to save it for my retirement. Now my problem is it’s in Cash Lisa. I really thought that I would use for it…
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SIPP contribution calculation - 8% of what?
My wife has recently started new job and has now been auto-enrolled into the Company SIPP scheme.So i expected her contributions to be 3% and 5% of her gross salary.However, the employer is deducting £512 from her monthly gross pay before calculating the % contribution.The £512 is the lower earnings level. I am going to…
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Pension tax relief question
I hope someone can help me understand? I have a couple of questions: 1. Regards carrying over unused tax-free allowances from previous years, do I need to do anything? i.e. to let the taxman know? Or simply claim the amount back which I think is correct, on my tax return? And, 2. For the purposes of working out your…
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DB pension and tax implications
My husband is 60 this year and has the two small DB pensions shown below that are due to start paying out this summer. He will continue to work for another 6 years after these start paying out and is a higher rate tax payer and it’s the tax implications in these years that are leaving him undecided in which is the…
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ethical pension
I need to set up a pension following a pension sharing order. I've seen a financial adviser who has recommended Parmenion Ethical Portfolio Selector. Does anyone have any knowledge of this company or any other recommendations for ethical pensions. Thank you
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Retirement Planning - Vanguard versus Company L&G Pension & II ISA
Currently my workplace pension is invested with L&G through salary sacrifice. Platform fee's are covered by my Company, I incur the fund fee's. Across my asset allocation my average annual fund management charge is 0.2%. I have ~£600k Invested so fund fee's of around £1,200 / year. I also have an II ISA to fund my…
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West Yorkshire Pension plan
why is it not possible to access my pension funds as other pension schemes can. If not can it be transferred to one that will let me
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Pay in to NI Pension or SIPP
Just asking for some advice and confirmation -on a few points. I should start by saying I will retire in 4 years and we are in a good position but am now looking to see if I can improve my wifes pension. My wife does not work and will not work again due to disability, she does have 13 years of NI contributions built up (up…
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Tax year last contribution date question.
I don't believe this will be a long thread. What is the last day in the current tax year that someone can make a 'manual' top up their SIPP and receive tax relief on the contribution? I'm thinking the last day of the tax year, whenever that is?
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Question about state pension
As I understand that rules a qualifying year is one in which you have paid NI on a salary of at least 52 times the lower earnings limit, that is £6136 in 2019/20. My question is if you are planning to retire in say July 2020, and say in April -June you earn 52 times the lower earnings limit for 2020/21, does that mean…
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Pension company bust
Hi, My Father paid in to a pension scheme through his work for 25 years and he was told they went bust, has anyone else experienced this and is there anything he can do to claim anything back? thanks Jen
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Draw private pension early or wait 2 years?
Hi allNew here so forgive me. Looking for some advice. My mum has the option of taking one of her private pensions early but she is not sure what is best.a) Lump sum of £7000 and monthly payments of £200 (immediate) b) Lump sum of £12400 and monthly payments of £150 (wait until Oct 2021)What option is best please? Thanks
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SERPS
Hi, I know I opted out of serps around 25-30 years ago I have all the details etc of the company. I have seen many adverts regarding miss-information regarding opting out and companies offering to check on this however with all the warnings of pensions being stolen who can I trust to safely check if I was miss-sold???
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The £2880/3600 SIPP for a retired person on low income, ideally very low or nil fee?
I am trying to help my parents sort their affairs and aware time is ticking for this tax year. I know there is a long-running thread on this but am too overwhelmed to delve. Does anyone happen to know which is the absolute cheapest SIPP provider to open, put 2880 in cash, wait for tax relief, draw all monies out again,…
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Hargreaves Lansdown cash SIPP question
Hi I have just asked HL for the drawdown application forms for my £3600. (£2880 + £720) I will take the 25% tax free but was wondering if I can take the full £2700 remaining cash in one lump sum. I have a tax code of 270 for HL and, in the past 3 years of doing this I have been taking the cash in equal monthly…
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TPS Teachers Pension Scheme: can you help me understand faster accrual vs additional pension ?
I have been in the TPS for only a couple of years, so I'm in the career average scheme. I understand I can buy faster accrual and additional pensions, but have some questions: What are the differences between buying £1,000 more via faster accrual and £1,000 more via additional pension? Why is faster accrual more expensive?…
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Pension Maintenance charges being paid for by selling fund units
Hi, I've recently been reviewing my various pension schemes. I discovered that an Aviva scheme (formally Friends Provident) I stopped contributing to back in 2010 has gradually been decreasing in Unit numbers whereas the number of units in my other closed schemes have stayed the same (reduced by 300 units since 2013). I…
