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Pensions, annuities & retirement planning
Archives for August 2020
Discussion List
What options have we got with this fund?
On visiting my parents this morning my father handed me a pension letter. I was wondering what could currently be done with the fund. I have edited details and attached the letter to this thread. He is 76 years old, receives state pension and also £270 a month from a works pension. they have no other income. They live in…
What details should be sent when a BCE occurs?
Over the last few years I've received various PCLS payments from my DC pensions and have noticed differing amounts of information sent about the event.A couple of pension companies sent fairly quickly after the PCLS event 3 lots of information regarding the tax free amount paid, the LTA percentage used and the size of the…
Salary and self employed retirement planning
My situation is a little complicated - well very complicated for me as i really don't have a clue about pensions and self employed tax rules etc so please bear with me! I have a substantive full time post in the NHS - my annual salary is around 65 k - I pay 13% into the NHS pension and my employer paid 14% i think - I have…
SKF (GSK) pension forecast and CETV value confusion
I have a deferred DB pension with Smith Kline and French, now Glaxo Smith Kline. Left late April in 1987 after 5 years service. I have had conflicting and unclear figures since I started asking in the past 2-3 years. Administration recently moved from Equniti to WTW. The only consistent number from day 1 is: Pre
6/4/1988…
ex employers pension (mercer) txfr to SL Sipp
is it possible for me to do this myself? I have taken advice that I can produce to either mercer or standard Life, if either of them want proof I retired this past January and I'm over 65 thanks, Louise
Which year's income for pension contribution limit?
Here's a question for any accountants or pension rules experts out there, which I hope will be useful for others too: I'm self-employed and only a few years from retirement. I have some money saved and I want to put it in my Self-Invested Personal Pension (SIPP). UK pension rules say you can't contribute more than 100% of…
Making class 3 NI contributions, but now receiving NI credit via carers allowance
First, I'd like to thank every contributor to this forum for your wise counsel over the years. I have benefited enormously from reading these comments and I appreciate the time and expertise donated by others on here. I'm in a bit of a dilemma, I think I know what to do but the purpose of this post is to check if anyone…
IFA? Really?
Hi I will soon be 60 and I'm in the fortunate position to be mortgage free with a reasonable amount of savings which I could live off for the next 5+ years. I will soon be able to 'cash-in' my company pension worth £1m+. I was thinking of ; drawing down my tax-free sum (which again would last another 5+ years), gifting my…
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