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Pension advice
Hi, I started a review of my pensions. I contacted Unbiased, having used them about 10 years ago and getting £1,000 voucher off initial advice. Was allocated an adviser from a company (can I leave them names off currently just in case?) and we started a emails, whatsapp messages, and a private locked site to get a quote. I…
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How to help my dad?
Hi, my dad is 62 and has asked me if I would help him with his pension options. That's pretty much the whole conversation so far and I said I didn't know anything about pensions but would look into them and get back to him. From a starting point of zero I've done a lot of reading up about different types of pension, read…
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Non index linked defined benefit pension - lump sum
Hi, Forums are so helpful especially for people like us who really struggle with financial decisions. This is a difficult decision for us although suspect very straightforward to some of you. Husband taking a pension soon at 60. It is defined benefit but apart from a small part of it which is GMP, with guaranteed increases…
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Prudential looking for deceased relative?
Hi all, I got a letter from the Pru yesterday saying they are looking for my father who died 20 years ago, I do vaguely remember a man from the pru coming round when I was a child. My dad dies when he was 50 and there was no probate needed. any idea what that might want? Thanks
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RHM pension valuation fallen
Hello, My partner as part of her divorce settlement in 2004, received a proportion of her ex-husbands pension within the RHM group. She considered taking the pension in 2018 when the benefits she would have received were either option A, a £12,102 p.a pension or option B, a £9,096 p.a pension with a £60,645 lump sum. She…
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PP short term cash / investment thoughts
I currently have £130K sat in cash in a PP portfolio and I'd like to get your thoughts; should I leave it as cash or should I put it in a managed fund. I'm asking because it will only be where ever I put it for a short time, 3-6 weeks while I decide which IFA to use.
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difficult to get the balance right ?
Hi I just wondered whether others sometimes struggle to get the balance right when it comes to retirement planning? We are 35 and 40 (no kids), and have recently paid off our mortgage (small modest house in the midlands). My partner is a teacher and has been paying into that since day 1. The teachers pension has a scheme…
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Retiring on Teachers Pension Final Salary Scheme - How much lump sum should I take?
I posted this on someone else’s thread as it was a similar situation but thought it might be better in its own thread. I have a teachers pension. I can take it now and it will be £20K per year with. £61K lump sum. Alternatively I could take £ 16.5K and £109K lump sum. That’s an extra 48K for a drop of 3.5K in salary. My…
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having a workplace and private pension
Hi all, I am currently contributing to a workplace pension, it is a career average pension (alpha, civil service pension) it is a very good pension and therefore I don't want it to be adversely affected by me opening a private pension, hence my question: Can I contribute to both pension pots at the same time and have my…
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P60
How long do we need to keep our P60's please I have them going back to 2000.
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Lump sum or not
Just looking for someone to work out whether taking a lump sum is the right way to go. One of my pensions is an old DB pension with a Estimated Lifetime allowance shown as £221,248.00 at retirement age, (statement date July 2019) I have the following options: Option 1. Est Annual Pension of £11062.44 and spouse pension of…
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Re-starting pension payments
I contacted my private pension provider and due to financial circumstances have not paid my contribution of around £85 for 3 months now. I am now in a position to re-start payments. I am due to retire at 65 in 5 years time (obviously I could take this pension before) would I be better just saving the money or re-starting…
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Use St James Place for transfer of my Defined Benefit fund ?
Hi, I have recently had a large transfer value quotation figure from my DB scheme. I am a deferred member, aged 54. I am in discussion with St James Place about handling the transfer, but I am a bit concerned about both their initial charges and the early withdrawal fees. I appreciate there are costs associated with doing…
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Pension Plan Advice
Hello I am a pension newbee so please look past my ignorance, I am looking for some information on pension plans and pension funds, apart from a state pension I do not have any active pension plan in place, I have a few investments which I would like to keep separate from a pension plan. I am looking for a specific pension…
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LGPS AVC - 25% lumps and AVC performance over time
Hi All,I am seeking some professional advice on this, I am just after some real world advice too as it never hurts to have more knowledge Does anyone pay lots into an LGPS AVC, and has it been worth it ? I realise its a bit of a strange question and everyone's mileage may vary, especially given current circumstances. For…
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Pension top up or ISA
Hi all I am looking for advice on whether to top up my pension pot or start an ISA. I am 50 years old and have only a pension pot of £110,000 to date. I am thinking of upping my contributions but it doesn't make that much of a difference to my pot, with an expected retirement age of 60yrs, so 10 yrs to get my act together.…
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Small BT Pension
Hello all, I wonder if you could help advise me Im a 49 year old man and I have a small BT Pension ( 8 years employment ), from the early 90's. Its been sat with BT and doing quite well. However BT pensions are going through some changes ( and a number of Court cases) and they are offering some decent transfer out values.…
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Taking reduced early pension. What are my best options ?
I have a question regarding my partner who had just retired. She is aged 58 and has paid into a local government pension scheme for 39 years. As she is taking early retirement there are significant deductions on her pension, which she accepts. The two options she has been offered are (1. To take an annual pension of…
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Standard Life Executive Pension Plan with Guaranteed Annuity Option
I have a pension plan as above due to come into effect on my retirement date later this year, The retirement value in round figures is £98k. The value of the Pure Endowment part of the plan with a GAO is £51k which could currently provide a guaranteed income of £5600 a year according to Standard Life. That seems pretty…
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New graduate looking for guidance - Transfer to private / outside UK??
Hi all, I am looking for guidance on some options that I have relating to a pension that I accrued whilst working for around 7 months at a higher education institute. My contributions on the payslip say show that I was on Salary sacrifice payments of 270 GBP and when I looked at my actual contribution for the period of 7…
