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Tax on pension
My private pension matured last March and although I sorted out the paperwork and annuities well before the policy matured the payments started weeks late. My birthdate was the beginning of March and I would have assumed the first payment would come in the 2018/19 tax year. Having recently received the P60 tax certificate…
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Please advice me about the pension
Hi i have some pension money available on pension now website and some pension money is available with Scottish widows account. Wondering what is best broker available where I can combine these 2 pensions. I am not contribution to pensions from last couple of years but want to contribute to private pension each month.…
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Have we got enough
I am 60 in January next year and my OH is 57 in August this year. I have a SIPP with £240k in it and currently contributing £780 gross to it . I also have a work pension which is a money purchase scheme with £87k in it and a total of £492 being contributed between myself and the company . I have a DB pension of £9k per…
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Transfer medium size pot entirely to VWRL (or similar)?
Over the years I have built
up a fair amount in investments, mostly in selected funds, ITs and ETFs.
I have gradually moved more into trackers over time, and understand the
supposed benefits, but something is stopping me from just converting the whole
lot into VWRL, for example. If I did, it would be easier to draw down…
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Vanguard ETFs - Whats the difference and which to choose...
Hi All, Vanguard (at least on my ii.co.uk SIPP acount) seem to offer the same ETF in a number of forms, for example: * Vanguard FTSE North America UCITS ETF * Vanguard FTSE North America UCITS ETF GBP * Vanguard FTSE North America UCITS ETF USD Accumulation GBP Whats the difference between these?
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Investment in Discretionary Trusts
I have experienc in investing in OEICs etc in bare trusts as executor of a will. Now long retired, I wish to sell some of my ISAs and invest about £250k (adding surplus taxed income to the ISA proceeds over a few years) in discretionary trust funds for my grand children. I could use an IFA, but it seems the only way they…
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Drop in value
I moved employers in March and transferred my personal pension over to their pension company. I am being told that the value of my pension lost over £20,000 pounds because of Coronavirus - is this right?
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Foster Carers Pension
I was a foster carer for several years and believe may be able to have those years added my pensionable contributions. When I worked I only paid the 'married womans stamp' as that is what the tax office advised (in 1965) saying would receive my pension based on my husbands contributions. I receive 60% of basic pension. Can…
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Old Exec PP/S32 with Protected Tax free cash of 37% not 25%
Hello, I would appreciate a little information about a S32. One of my MP Pensions has a guarantee. I had no idea until I came to look at transferring it out. Its and old single member Exec PP, paid up and it appears is now a S32. I thought it had simply become a PP when my company closed, but it seems not. The information…
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Voluntary Contributions
Hello, I was looking on my government gateway account at the state pension forecast and have seen that I have the following gaps in my NI contributions: 2010-2011 in full time education (uni) - could make £795.60 voluntary contribution 2011-2012 and 2012-2013 in full time education (uni) and part time work - could make…
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State Pension Forecast - Confused
Hello everyone! I'm a little confused about my State Pension forecast and hoping someone can help me. I have 30 years of NI recorded. When i check my State pension forecast, it tells me my forecast is £175.20 and that that's the most i can get. It also says: Your forecast * is not a guarantee and is based on the current…
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Spouses pension
My mother passed away in March, after nearly four months of chasing, the pension company finally came back with an offer for my father. Its only a small pot, he could have £700 a year or lump sum of just over £8000. However if he chooses the lump sum of £8000 he cant have it due to the guaranteed minimum pension court case…
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Annual pension tax relief for someone with no private pension (Already Retired).
My parents are both retired and apart from savings (and part time self employment) their only pension is the state pension. They don't earn enough to pay tax. Are they able to contribute to a private pension (even though they are already passed retirement age) and receive the annual pension tax relief ? Thanks in advance
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Pension Transfer Value refused!
My husband has just requested a pension transfer value from his last employer (large university) and they have told him that, due to the current situation they cannot do this for at least 3 months. When we challenged this they said they had permission from the pension regulators to suspend all pension transfers for 3…
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Transfer pension pot in this climate?
Hi all, So I have like 3 pension pots from my 3 jobs dating back about 7 years. They are all DC pension pots and have no fees/charges to transfer. I want to transfer all pots into my current one with my employer to streamline my pension. My question is more about investments and whether it is a bad time to transfer?…
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Consolidation advice
Hi everyone. I have several bitty pensions from short stints in various companies and would like to consolidate them into one. I am trying to compare the plans to decide whether to move it all into an existing plan or open a new one (probably Hargreaves Lansdown SIPP) but other than taking into account any transfer fees…
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Time to transfer ?
Hi folks. I have a Standard life pension with aprox. £80k in which I don't make regular contributions to, which started in 2004 and concerned about fees which are currently almost 2%. I have a frozen final salary scheme with previous job and another with current employer which will accept transfers in. I hope to retire in…
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Incorrect DC scheme contributions
I've recently noticed that both my employer and employee contributions on my DC scheme are incorrect. They should be the minimum rates but the contributions equate to far less. I have used the Money Advice Service 'Workplace Pension Calculator' to confirm this (both Net Pay and Relief at Source has been considered). Under…
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Claiming the £720 annual tax relief once retired
Could some kind soul sanity check me please? Currently a hypothetical scenario. I have taken 25% of my pension tax free, and am now in drawdown, withdrawing my personal tax allowance per year, 12500. I have no other income. Each year from savings I put 2880 into a second SIPP, which the governemnt tops up to 3600. I invest…
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Pension provider not paying my pension
Hi, In February of this year I wrote to a former employer pension administrator advising that I wished to take my pension and could they provide details of the fund and what needed to be done to allow me to take the pension from it. After more than 4 months and numerous letters/emails they have not given any details for my…
