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AJ Bell Youinvest - Pay custody charge from dealing account
For SIPP, ISA, LISA, Junior ISA, Junior SIPPhttps://www.youinvest.co.uk/faq/how-are-charges-collectedhttps://www.youinvest.co.uk/faq/can-i-pay-charges-outside-my-sipp etc Just noticed. Pretty sure this option wasn't offered previously.
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Vanguard SIPP - Now open!!!
Now available if anyone is interested ... https://www.vanguardinvestor.co.uk/what-we-offer/personal-pension/personal-pension-account
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Reassure exit fees
Hello. Iva got several pension policies with reassure (moved from hsbc) from a company I stopped working for in 2004. I don’t have any other pensions and wanted to consolidate all these into one place so that I could manage and possibly pay into them. Pensionbee for example. however their exit fees seem a little confusing.…
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Self Employed & Pension Contribution
Can I please request some help regarding a pension contribution when self employed. I have never been in the high tax break, so have always contributed to my pension within the 20% tax bracket. If for example in this tax year, I have gross earnings of £51K, which would put me in the 40% tax break, less operating expenses…
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SINGLE
I have been employed for nearly 23 years and shocked to discover that should I die my pension lump sum can go to my nominated person but my pension goes back in to tbe pension pot. This is because I am single. I find this discrimitive and unexceptable
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How long until Class 2 payemnts are allotted to a blank year?
Hello guys, asking here as I cannot phone out due to a phone mast locally being KO'd by "Dennis" ... I have started back-paying my NI class 2 in order to get up to a full state pension by the time I retire in mid 2022. I am 15 years short and so by paying £20 a week I can just about get there by March 2022. So far, so…
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How much can I pay in to my SIPP at 40% relief?
I was made redundant last October and am trying to work out how much I can pay into my SIPP to gain the benefit of 40% relief. I presume the taxable element of the redundancy payment will contribute to my earnings but I am still unclear what taxable earnings I have been paid over the 40% threshold. I have not had any…
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Drawdown
hi all , I have a pension pot of £500k and looking to finish work at 55,I reckon by taking a 25% tax free option and an income of 13k a year I should manage on a drawdown,by using my 25% tax free to supplement this until I recieved state pension,does this sound right ,also what rate can I expect my pot to grow ,at a low…
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Transfering SIPP
I currently have a pension pot with a UK company and looking to transfer out in to another UK company, my question is I live in Spain, is it possible to open an account with any UK companies to transfer my money into.
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Savings or LGPS AVC
Hello, I hope to obtain the views of knowledgeable people on this board. My circumstances are, * 57 years old * Divorced * No mortgage or other debts * Have an emergency fund in place of one year's spending in Marcus & TSB Accounts * Work in local government * Earn £62000 per year * Currently putting £850 into AVC with the…
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Understanding tax relief on pension contributions
I currently pay into my workplace pension at the standard auto enrolment rate, I pay 5% and my employer pays 3%. A lot less is getting paid into my pension than I would expect looking at a tax calculation website so I’m confused. I earn £39,000, the tax calculator comes out that 5% should mean I pay £162.50 in my pension…
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Advice to help retired relatives in crisis please - state pensions etc
Hi. Please bear with the lack of some detail, my parents are too unwell to engage with the detail at the moment. Him: 75 in April, Her 74 in March Net income monthly: Him: state pension904old DB pension165std life pension65 Her: State pension 342 They still have some savings (23k) after debts but they are spending c. £1-2k…
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what to do with 'windfall'
first time question - really enjoyed reading the boards here! i've emailed accountant, and also have arranged a meeting with financial adviser - but the more info I get beforehand the better. over last 4 years I've paid a few k into pension - so believe I can use backdated allowance? however in the 2019-2020 tax year i…
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Paying into SIPP while receiving defined benefit pension?
Having ignored my defined benefit pension scheme successfully for many years, I’m starting to explore the world of private pensions for the first time as retirement draws closer, as my husband (with no current pension provision other than full state pension) has been left a substantial lump sum, and the tax relief on…
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Prudential pension with profits
Hi everyone I’ve had a prudential pension for about 25 years last year it grew by 10% ,I was thinking of adding more to it.This years statement shows a growth of 0.3 percent after charges how can can there be such a change?.I read the pru was finned a few million last year and can’t read many good reviews online ,should I…
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Transfer from personal pension to NHS Scheme
Hi, Just after a sense check on my potential transfer. My personal pension appears to offer better benefits based on suspicious assumptions and no guarantees. The NHS Scheme seems to offer less, but has guarantees. Is this just the usual balance of risk and reward? Personal pension pot worth about £10kProviders projections…
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Pension Annual Allowance and Tax Return
Good evening all! I have a question on annual allowance and carry forward rule. My annual allowance per year for last 3 financial years is as below: Tax Year - Annual Allowance / Actual Saved in Pension 2016/17 - 40K / 5K 2017/18 - 35K / 10K 2018/19 - 20K / 15K 2019/20 (expected) - 25K / 20K (so far till Feb 2020) * So if…
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47 and no pension
Having done most things later in life sadly I neglected to arrange a pension. I had one in 2009 to 2011 via work but apart from that not done one. Worked some years so I doubt I will get a full state pension. What are the options for someone like myself? I am about to go back and work for the local authority so will be…
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LGPS early retirement scenario – is this my time to go?
I’m approaching my 60th birthday next month with 35 years’ (and continuing) service in Local Government, in a job that I’ve never enjoyed. I have a monthly net income of £2.6k made up of my salary and a pension from my late husband’s employer. I have an investment of £40k from inheritance when my father died, an ISA of…
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Financial advisers turn back on pension transfer work
Article just published online on FT website....behind paywall but the thrust of it much along the lines already flagged here. The PFS has raised it with the regulator and the Treasury. Specific cases mentioned of PI premium quintupling, with higher excesses and a cap on total covered......reinforces my view that despite…
