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Pensions, annuities & retirement planning
Archives for October 2020
Discussion List
State Pension Pay Day
So my national insurance number ends in 19 meaning my pension pay will be Monday. My 66th birthday falls on Tuesday. Apparently its paid in arrears every 4 weeks. However it appears i will therefore lose 6 days pension. Anyone else have this issue.
so I spoke to the tax man
Hello everyone I am in the higher tax bracket and have a SIPP with vanguard which when I put money into it the tax relief is automatically added by the tax man at the lower percentage as I am in the higher tax bracket I had been told I am entitled to the higher tax relief on the SIPP. So I phoned today and they agreed and…
NHS Pension missing years
I joined the NHS in the 1970's and worked on off for about nearly 10 years, and returning to the NHS in the late 1990s. When I applied for my NHS pension the NHS omitted to include the years worked in the 1970's a 1980's. I tried to claim the missing years of pension without success. Finally the Ombudsman told me that I…
Company offer to move shares to pension...unsure
Hi, my company have sent an email today offering people with Shares (through the companies schemes) to transfer some or all of the shares to our pension. The shares will be invested into the pension fund. I am guessing this is a tax efficient way to boost pension fund and the email alludes to this, but the shares schemes…
When will NI show for last year?
I logged in to my NI record a few times to see what my NI record will show for last financial year 2019-20. It says the record is not yet available. How long after the April financial year end is it before NI records normally show?
NHS Pension, moving to Ireland
Any advice on moving abroad and bringing/transferring NHS Pension to HSE( Health Service in Ireland)? I have over 4 years of paying into NHS pension scheme, after opting out previously (total NHS service >6years). Reading through the opt-out info, not clear if should opt-out or try transfer into Irish scheme. Any advice…
is putting funds into an drawdown worth it
hi folks I have a NHS pension but as I am a higher band tax payer I intend to start a draw down pension from either standard life or prudential . I believe NHS have better deals with them. I would probably end up with a final pot of about £50k However although I get tax relief on the amount I put in to the pension , I will…
Pension Allocation Options
I am reviewing my workplace pension as I said I would once a certain crietia/milestone was met and am after some advice. My workplace pension is provided by Fidelity. My employer pays all fees bar each funds percentage management fee. I am 36 (37 next month) and currently contribute £2031.67 per month into the pension.…
Universal Credits
Can I still claim universal credits re unemployment due to illness despite the fact the I can access my personal pension ie I am over 56 years old ?
NI Contributions for State Pension
I originally posted this on the benefits section, but possibly may be better posting here ? HiI am currently 65 years of age, and due to receive my State Pension next July 2021, I have 49 years of N/I contributions, but in order to receive the maximum pension I still require a further single contribution from the current…
Pension or mortgage
I have £10000, yes 10k in my NEST pension as only offered for 4 years. I’m 60 and took out a 9 year mortgage this year. Realistically is it better to draw 25% to pay off mortgage to reduce term or not. I just think the 10k is realistically worth about fiver a week if that whereas mortgage free would allow me to live ok
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