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UK State pension help please
I looked up my state pension forecast on the uk Gov website and its as follows: Forecast is £169.83 if I contribute till 5th April 2024 Estimate based on NI record to date is £144.80 Max pension is £175.20 Im unlikely to contibute further NI as Im living and working abroad My NI contibutions in the UK (from the UK Gov…
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Mums been offered a one of settlement instead of monthly pension.
Hi all, looking for some advice if possible. My mum (78) has had a letter from Barnett Waddingham who hold one of my late dads pension. My mum carried on receiving as entitled to after his death. They have sent her a letter telling her she can receive a one of payment instead of the monthly figure. She has worked it out…
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Cetv
Hi all I have been offered a transfer value of £155,000 for my defered final salary pension. Facts below: Pension £4000 per year at 60, this will increase by cpi each until 60 then by rpi at a maximum rate of 5 percent. Age 40, currently earning £23500 A member of the company's dc scheme, company pays 10% employee paids…
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Anyone invested in Rathbone Global Opportunities / JP Morgan Emerging Markets?
I have five figures of cash within my HL Sipp and am looking to put some of that somewhere with a little more potential for growth. Happy to lock in 10 years plus. I've been watching these two for the last three months (yes I know that's not long, hence this post, however I can see their past performance, yes not an…
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Small Pot Lump Sum
Due to ill health, I was let go from my employer earlier this year. Followng this, I recieved forms regarding releasing my pension and I have selected the Small Pot Lump Sum option (it is less than £4,000). I am under the age of 55 so I'm not sure whether this is money which will be paid now or later.
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Final salary transfer multiples
I’m 54 currently, likely to retire within the next year or two (will live from savings) I have a mix of pensions, but my main one is a final salary one that pays from age 60, with a large ex employer . Alongside that I have only around £200k in defined contribution pensions. Some time ago I checked and assumed that the…
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Civil Service Pension - Equalities Act
I am looking for some Forumite wisdom regarding a potential disability discrimination claim connected with a civil service pension/voluntary severance payment. I worked in the civil service between 1993 and 2010. I took voluntary severance in December 2010 and recently claimed a deferred Classic pension. Between 2003 and…
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Lifetime Allowance Crystallisation When DC and DB Pension Utilised Several Years Apart?
Retiring at age 55 with DC pot of circa. 80% of current LTA, with intention to use for drawdown. Also have deferred DB pension with intention to utilise at scheme NRD at age 60, so five years time. The DB pension would result in a gross position far beyond the remaining 20% of current LTA (assuming calculation for LTA at…
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Letter from LexisNexis regarding Pension entitlement
Hi Just received a letter though the post from a company called LexisNexis advising me they "have been appointed by The Dignity Pension and Assurance Scheme to contact me in relation to a pension entitlement held by a potential relative as their records show that they have lost contact. At LexisNexis we help pension and…
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LGPS with AVC...take 25% tax free
Hi all Hope everyone is well. I am hoping to 'finally' retire at the age of 58 at the end of this year. I have been fortunate to have been able to put must of my salary into an AVC over the past few years and also paid into the LGPS since I was 18 When I retire my pension and some rental income will be about £40K per year.…
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CETV 2.7m to leave or not?
It's crunch time. After 4 CETVs it' time to either take the pension or bail out of it. I really don't know what to do.
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Query on taking money from pension after retirement.
My Brother in law is talking about asking to take a lump from his private pension but not sure if he can do so. I'm aware you can take lumps before you retire but he retired two years ago so he's been in receipt of his private pension since. Can you take lumps after retirement? Many Thanks 👍
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Earn above £100k, should I invest in SIPP?
Hello all, I have been in little doubt on the investments in SIPP. Looking for help from this group on following scenario: Given salary 125k, salary sacrifice (3%), I read that if I made excess of everything 100k into SIPP, it will reduce the tax by restoring my 12500 personal limit, and provide govt relief. My question is…
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I will be 65 shortly, can my Wife claim a higher rate of State pension
Hi, My Wife will commence claiming her State Pension in September ( 2020), I will be 65 on 21st August, can she claim a higher rate of State Pension? Any comments/help appreciated, Graham
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55 next month, investment decisions
Good morning All, As the title suggests, I am 55 in about 3 weeks and intend to take 25% PCLS from my SIPP, SIPP value circa £255,000. The money is currently in a Minerva SIPP with InvestAcc and the pot is in a variety of fixed rate deposit accounts which all mature between now and mid Oct. I transferred to Minerva two…
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NHS Pension Scheme - is this correct.
Editing seems to have gone awry here, and couldnt edit anything properly, so starting again via another browser ... My wife has a minuscule deferred pension from the NHS and she left in 1995 or thereabouts. Pension was about £120 per annum when she left, before any revaluation. It was not a well paid nor professional…
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additional pension or S+S ISA
Hi everyone, appreciate that it's a broad question.... I work within the NHS and pay into this pension as a higher rate tax payer. Am I better buying in additional NHS pension or paying into a S+S ISA or a general investment account if the latter is used up? just trying to work out what I need to consider when making this…
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Lost Post Office pension
I worked for the Post Office between 1982 and 1989 and paid into the POSSS. I am now trying to trace this pension but I am struggling to find out who to contact. I have tried several links on government sites but just keep going round in circles. I have the pension number i was sent all those years ago but very little…
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Pay extra into LGPS or private pension - advice please
Calling pension experts - can you help me with this query. I have recently joined the LGPS (a year more vesting period to go), and also have a very small private pension from previous employment and self employment. If I stay in my current job, the LGPS is obviously great, but only pays out fully at state retirement age.…
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Widows Pension Scheme Refund
I am due a refund for the contributions I paid into the Civil Service Pension Scheme? I retired through ill health due to my disability. Am I entitled to know the interest rate that was applied to my 26 years of contributions? They took £2000 from me in 2004 to make up the shortfall in contributions until my eligible…
