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Contingent Charging for DB transfers.........
to be banned by 1st October 2020. however for those in financial hardship (ie potentially losing there home or terminal illness could be exempt).Seems the FCA are tightening the regulations around IFAs being able to bring in revenue through the (imho) costly fees that come into play.
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Multiple Pensions
Good Evening, Me and my partner have multiple pensions. I dont have paperwork for some of them. For instance i worked for a Supermarket over 20 years ago. My partner also has worked for multiple Temp agency's. Is there a way to keep them in one pot? I need to trace some of them. I would appreciate your advice im late 30's…
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increase contributions
Hi My husband has had a private pension (Prudential) for years and not increased his monthly contributions. After a recent visit from a representative we decided to increase his contributions which i thought would be easy. we were sent a form to fill in which amongst other things asks about his current health. I did not…
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IFA taken over. Updated 15/10/20 and question
I have been very happy for several years with my local IFA they have recently merged or been taken over by a larger IFA. Before this I had meetings with an advisor at least once a year, and investments rebalanced each time. I have now had a glossy brochure from the new IFA with 4 different advice levels and fees and a…
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Pension sharing order admin costs
Hi I really hope someone can help me. I recently concluded the divorce financial settlement in court with my ex-husband. I am 52 and he is 58. After 3 years of solicitors' costs and court costs, he finally agreed to sell the marital home that he had locked me out of 3 years ago after I told him I wanted a divorce. I agreed…
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Cheapest way to hold Gold ETF in SIPP ?
Hi, Girlfriend is looking to buy monthly ishares pyhsical Gold ETF , or similar as part of her SIPP portfolio. Looking to find the cheapest way to do this. She is with Cavendish at moment, which looks like its £1.50 per ETF trade per month. I cant see anything cheaper for monthly payments into this fund. Anyone else know…
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AVC question
I have a work pension with Aviva. My Additional Voluntary Contributions are shown as a separate pot, which I can invest differently to my main pot should I wish to do so. It has made me think though if AVCs are treated differently in any other way, or is it just separated to make life easier? My current plan is to transfer…
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Consolidation of 3 pensions
Hello all, I would like some advice, thoughts and opinions on my situation and my train of thought. I am approaching 55 and i have retired as my partner has already retired (early 60's) and has a good pension which has an income which is enough to cover both our needs. I have 3 small pension pots and i am no longer paying…
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Slight delay in taking my LGPS pension any penalties ?
Hi all After much consideration I have finally decided to retire having just turned 58. I have been paying into the LGPS since 18 with no breaks in service and for the last 3 years have been saving most of my salary into an AVC through a company link to the LGPS. As I have some saving I thought about delaying taking my…
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Voluntary Contributions from US
This discussion was created from comments split from: Voluntary Contributions.
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Some naive questions about opening a SIPP
Hi, My wife and I are looking to open a SIPP and have a few questions which I can’t seem to get to the bottom of. We both have Teachers pensions which we hope to access in about 8 years time. My wife’s is considerably smaller than mine as she has always been part time and never been promoted. I pay 40% tax and she pays…
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Confused
Hi I'm 52 and recently left my job as a bus driver as I couldn't take it no more, I had a pension where the company matched my contributions, I am now a lorry driver but it is only small franchise that is poorly run, I have not even been auto enrolled into a pension yet, I started working their in February and was…
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SIPP payment and tax relief for previous year
Hi all, new to the forum. I have question regarding SIPP might be a bit daft but I am trying to get my head around it. So I was paid a bonus (first time ever) and that took my final income for 2019-2020 to £100,000. HMRC have asked me to do a self assessment and was but I was wondering if I could do a personal payment to a…
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Annual contribution calculation for defined benefit schemes
Hoping for some advice on whether I've done the right thing or whether I should be taking this further somehow. I retired at the end of May 2018 and for the previous few years had paid in the maximum £40K annual tax free allowance to my defined benefit company pension (so no carry forward). In May 2018 I paid in about £1K.…
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New State Pension funding 'equilibrium'
Nothing to see here, move along.
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Reasonable Fees....
Hi All What would be classed as reasonable fees to manage my private pension? What percentage of money you pay in each month is considered reasonable to be taken as fees? I've contacted my provider to go over their structure as it seems i may be paying way to much but want to test the water before we get into figures!!…
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Cheapest way to hold SIPP
I have a SIPP which is currently held on the Bestinvest platform. I am retired & drawing a company FS pension which covers all my day to day requirements. The SIPP is in addition to this & is not yet being drawn. It's current value is approx £100k and I am not making any contributions into it. The funds held are roughly…
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State pension annual statement ?
Afternoon all - should I have received a paper statement of how much my state pension should be this current year? I've only just received my NHS pension P60 so thought the state pension one might also be delayed but can see in my files that previous ones came in March or so. I definitely haven't had one. I'm thinking I…
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Whether to retain LGPS deferred benefits or combine with current service?
Hi, I’m wondering if anyone can help me please? I’ve received an email from my LGPS provider asking if I’d like to retain my deferred pension benefits or combine them with my present job. I’m not financially minded and can’t work out what’s best. I’m 55 years old, female and am not intending to retire until 67 years old. I…
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Pension contributions for under 22 years old
Hi, I'm just starting work and my employer is being difficult about enrolling me in a work-based pension scheme. I am 21 so I know I can't be auto-enrolled but I want to opt-in. My salary is sufficient to allow my opt-in but my employer is refusing to pay their contribution - is this legal?
