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Legal & General investment frozen
I have an L & G stakeholder pension , where some of the funds are invested in a property fund . I have gone through all the form filling etc to release a partial payment from my pension and have been told I can not!!! My pension has been invested in other funds which are not suspended but I am still unable to release these…
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Wealth management
There seems to be a general consensus on this forum that any fa's with wealth management in their title are to be avoided As a novice is this a true reflection of them
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At a Loss
Hi people, this is my very first post on this board,
although I regularly read quite a number of the articles posted, there is
certainly a fair bit of information to be gained from the questions and replies
that can be viewed, I must say its a great credit to the many knowledgably
people who go out of their way to help…
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Pension Sharing after Divorce
Hi, I have just had confirmation of my financial settlement order from the courts. I have agreed to give 100% of three old dormant personal pensions and a lump sum from another to my ex wife. I was wondering whether it would be possible to simply change the beneficiary names from mine to hers on the three pensions and if…
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How Much Can I Withdraw From Personal Pensions And Stay Within Basic Rate Tax Limit?
Can you pension and tax experts please advise me regarding
how much I can withdraw from my personal pensions and stay within the basic
rate tax limit? My income from my state and company pensions plus untaxed
savings interest is about £36,500. I have separate personal pensions that I am not taking regular
income from, a…
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2nd Opinion please.
I have just turned 61, about nine years ago I was advised to combine my pensions and have a sipp . A reputable wealth management company did this for me, and have managed it since with reasonable success for my risk level. I put in 10k a year. I am charged 1% which I believe is reasonable, however the charges this year…
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Friend has lost nearly all his pension pot, advice needed please.
Im already retired and know nothing much about the ins and outs of pensions but I have a friend who has got himself into a real mess and I have no idea if there is any recourse for him so asking for advice please. It seems he fell for the sales phone call 'I can help you with your pension' type thing. The guy made an apt…
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Using pot towards shares
Hi I'm 55 yrs or and a year ago took my pension pot which is at present invested as I am still working in my job , my company runs a share save scheme yearly which allows me to invest a maximum of 300 pounds into it monthly Just not long before pandemic the shares were around 34_pounds per share, now they are at 27 pounds…
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Drawdown Strategy: VLS60 Or VLS20 and VLS100
My intention in my drawdown SIPP was to hold HSBC Global Strategy Balanced (58% equities) as my core holding (along with cash and a couple of higher risk EM and SmallCap holdings to offset the cash drag). The plan would be that in normal times I would take one UFPLS per year and this would normally come from liquidating…
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Taking all your money out of a pension pot?
I'm self employed and have a small pension that I used to contribute to when I was in full time employment and not payed in to for 10 yrs now. It has grown a little over that time but the return on the pension pot is relativly small, I retire in 10 years time and it might give me £100 a month. I have other better pots plus…
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National Insurance Credits for Past Years?
I've been looking at my Personal Tax Account and found that there are a couple of minor mistakes on it: For a past year, I have paid slightly less NI according to my P60 when compared to my online account; For a past year, I haven't automatically received Working Tax Credits since I was on a full-time, low-income job. My…
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Which one?
Hi guys. I've got two DB pensions waiting to be kicked off and I know that one of them has to be 'lead' pension and pay the paye on behalf of both. Does it matter which one does this? Thanks, Gary
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Which option is best?
Hi, i'm about to sign for my redundency package and I need to make a choice between two options. What are the pro's and con's to each option that I need to know? Option 1: a pension of £19,500 pa with a tfls of £130,000 This is front loaded and will drop at age 67 (55yrs,8 months now) by the same amount as state pension to…
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NHS pension on fixed term contract
Is it worth joining the NHS pension scheme on a 12 month fixed term contract? I would be band 3, am 39 and don’t plan on staying longer than 2/3 years. I have a small private pension as was previously self employed until corona virus. Thank you.
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Deferred state pension and short life expectancy
My father in law deferred his state pension. He is nearly 72 now but due to various illnesses only has a life expectancy of another 3 years. I believe he may be able to draw the deferred payments as a lump sum now which appears to be best option. I understand this would be taxable. If he continued to defer it and passed…
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Making sense of Annuity offers
I have a retirement fund with Aviva, having paid in a small sum each month for many years. I got a quote for in house annuities last year, and again last month. The difference between the 2 quotes surprised me. Not so much the ups or downs but the relationships between the the options. 2019 with 33% taken cash free: £6525…
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LGPS / NHS pension / public sector pension swan song
Seen a few posts regards the ability to variously 'transfer in' / buy 'additional years' in various pension schemes, on apparently very good terms vs what one might get on the open market in terms of annuities Just wondering how viable a strategy it may be for someone who's been dc private sector their whole career to seek…
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Scared/Anxious I'm not saving enough for my future.
Hi All, Im 39, homeowner, with relatively small mortgage left to pay. My concern is that I won't have enough when I go to retire (hopefully 60ish). Im on a reasonably good salary, with 20% being added to my pot (defined contribution) between myself and company. I also save a bit into a vanguard SIPP, ISA and top up my…
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NHS Pensions - Lump sum payment not showing in Total Rewards Statement
Dear all. In around December 2019 I made a lump sum payment into my NHS Pension. I did this with the help of my Pensions Officer, where I work. Today I logged in to look at my recently uploaded 2019/2020 Total Rewards Statement. I was hoping there would be some mention of the lump sum I had added, but there was no mention…
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Luxembourg Pension
Starting in the early 90’s I worked for a number of years in Luxembourg. I paid monthly into a pension fund with Winterthur. Over the years I have tried to contact them to no avail. From what I can understand they were bought out by Axa. Does anyone know the best way to find out how to get in touch with them?
