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UK pension after relocation abroad
Hello everyone, I am having plans to move to Cyprus. If we consider that I may stay there forever (potentially), can I transfer my UK pension contributions to Cyprus? How does it normally work? Many thanks, San
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Auto-enrolment and pension advice for a novice
Hi I am a little confused and need some advice as my best options. My partner and I both 49 have been enrolled in the basic auto enrol People Pension recently. The company pay a capped 5% of our wage into the pension. It will probably equate to £95k pot when he reaches 67 and mine will be probably £20k. I have a final…
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I feel like retiring at 60 - 65 is too old
I'm sorry if this comes across as insensitive to our older community members but I'm 31 and absolutely hate the thought of retiring at 60+. Assuming I even live to 60, it feels like it's kinda too late to start enjoying your freedom? Your health deteriorates exponentially as you get older, I mean I still feel as young and…
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Where do I start with retirement planning?
Hi, I wondered if any of you folks would be able to help point me in the right direction when it comes to retirement planning. I am 49, would like to retire at 55. Current annual income is 45k OH is 56, would like to retire at 60. current annual income is £18k i have a company pension with aprox £85k currently OH company…
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Pension recycling?
I stopped paying into my defined benefit (DB) pension in 2015
having paid all that I needed to for a full pension for over 30 years. Since then I have placed the maximum amount allowed, £40,000 gross, into a (DC)
SIPP for 4 years. (I had funds offsetting my mortgage, Premium Bonds, shares and a payment from a legal case to…
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State Pension COD
In the early 60's i contracted out of the state pension, but now i am being charged £15.01 per week off my state Pension, can anybody help, please, Thanks, pteebe
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Pension for non tax payer
I need to help my non tax paying partner to start a pension in order to get the extra 20% tax relief, i.e. pay in £2,880 and HMRC adds £720. The plan is to add £2880 every year (unless the rules change) I have a workplace pension and am rather lost in what to look for to help my partner and do not know how the HMRC tax…
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Deceased partners pension
If this as been covered apologies. My late wife passed away 6 months before reaching retirement. After leaving school she worked for the IRS for a couple of years, then various jobs while having 3 children. I was told even though she paid pensions contribution I wasn't entitled to it because she passed away before reaching…
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Contributions
Contributions have been taken out of furlough wage Inc AVC but have not been paid in to pension company for 3months is this normal
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Paying tax when not earning enough
I have just retired. My only income this year will be £37 from my last payslip in May, £3.5k annual pension paid monthly which is starting soon and a lump sum pension pot of £6.5k paying shortly. The pension person said they will deduct tax at source (after taking the 25% tax free, they will tax the remaining balance). Is…
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How do I claim my 25% tax free on self assessment
Hi All, I just started my first online self assessment as a drawdown pension user (for 19/20). After all the data is entered the calculation is overcharging me on tax as it isn't allowing for my 25% tax free. I can't see anywhere on the online forms where I make this claim. Do I just take off the 25% myself? e.g. if I…
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Small Pension with Protected Cash free tax.......
Mrs Parcival has a small and rather old money purchase pot with Aviva (was Friends life). This came from an occupational pension. It's current value is £23k and they indicate that about £17k can be paid tax free. MrsP is a basic rate taxpayer. Our thinking is to take the whole lot and just pay tax on the £6k portion. Seems…
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Tax on multiple pensions
I will probably retire early next year so have been giving extra thought to the practicalities of having income from multiple sources. If I take my DB pension , which I probably will , it will be a bit above my personal allowance of £12,500 . So from what I understand the personal allowance should be allocated to my DB…
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Paying Vanguard fees
Sorry for a very basic question... In a Vanguard SIPP, I have the choice between paying fees from my investment, vs via a bank transfer from outside the SIPP. Does one option leave me better off than the other?Thanks! Adrian
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NHS pension: retiring and returning.
I am thinking of retiring from my nhs post after 43 yrs of service but want to return back in private hospital. I am told that if i do return back in NHS i need to retire and return back after 24 hrs break if i want to but then require to do 16 hrs for month before increase my hours. But what happens if i return back to…
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Three pensions - leave separate or merge together?
Hi All, My partner has three separate pensions, one for his currently employer and two from previous employers. We really don't know where to start in finding out whether we are betting leaving them as three separate pensions or merging them with his current employers pension. Any advice would be really appreciated. Kind…
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LGPS pensions
I can anyone please help with a pension query? I was 60 and end of April this year , I have been paying into LGPS pension since I joined Nov 1996. I would like to retire ASAP & hope to take early retirementretirement under 85 year rule. Firstly I have been given two dates for this one is my 61 st birthday next April 2021,…
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Teachers Pension
My mum is about to retire from her job as a teacher, she is 64 and is still part of the final salary scheme. It seems to be possible to convert some of her pension into a lump sum but we are wondering if it is possible to go the other way and convert the lump sum into monthly payments and if so would that be a…
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Pension Sharing Order
Can anyone help me with this?! I received a PSO when I divorced (6 ISH years ago) I have not done anything with it up until now. It's stands at approximately £157,000 . What can I put it into please? I do not have any other pensions, I will be relying on this money to live abroad. I am currently 49 years old. Many thanks 😊
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"Small" Final Salary Pension Transfer
I have a final salary pension with a transfer value of £52,000. I would like to have this reviewed as I would like to transfer it to a SIPP. Unfortunately I cannot seem to find an adviser interested in this size of pension. Most have a > 200K minimum transfer value limit. Could anyone recommend a pension adviser / company…
