-
Am I contributing enough?
How much should I be contributing to my pension in an ideal scenario? I am 26 and have been contributing 5% of my salary, which is 25k, for the last year and this is employer matched. My employer will match up to 8%. Should I contribute more? I am anticipating that my salary will increase significantly in the next 10…
-
Are APC's worth it?
Hi, I'm in the lgps scheme, aged 43 and I pay approximately £40-£50 per month in tax. I currently pay £73 per month into the lgps scheme, and I'm conscious my pension forecast is very low. But I'm going round in circles trying to find out how to increase it. Are APC's worth it? Because the calculator appears to say that if…
-
CGT when surrendering a with profit bond
Hi, I am really hoping that someone might be able to help me as I am so confused! I am almost 74 and want to do some building work on my property so want to surrender my with profit bond. I opened the bond in March 2000 with £40k after my husband died. The bond and bonus combined leave a £36.7k 'profit'. I receive under…
-
State Pension Prediction - National Insurance Credits
I just checked my pension entitlement again after reading about youth credits in another thread. My national insurance record says I have six years with national insurance credits listed. I would have been sixteen in 93 and in a YTS scheme. I thought that might explain why I have so many national insurance credits listed…
-
Transfer Defined Benefit pension to SIPP, iSIPP or QROPs.
I’m after a little bit of advice or any thoughts any of you have on moving my pension out of my DB scheme. I have really struggled to get any advice, Independent Financial Advisors have generally been wanting up to £9k to tell me not to move it (default position), refuse to give me advice unless I do what they recommend…
-
Jarvis / Gaudi SIPP - not answering phones
I have not been able to contact the Jarvis / Gaudi SIPP team on the numbers provided on their website Has anyone else been able to contact them? 01722 713313 01722 713900
-
55 ?
I have recently found a old pension, from a company i had not really worked too long for any way i have under 2,000 in it, do you have to wait until your 55 to do anything about cashing it in, as its not a huge amount and not to sure what to do with it, i have other pension running at the moment that i use. ta
-
Junior Sipp fund
Dear all, I have taken the plunge and opened a junior sipp for my child which I want to pay into every year. I am rather bamboozled by the range of funds available. I am looking for 1 or max 2 funds with a low charge which I can leave. I was initially looking at the VLS funds but wonder if they are not diversified enough.…
-
Returning to UK
Hello. Pretty sure I'm in the wrong forum but hopefully someone can point me in the right direction of where I can post this query. Having lived abroad for 30 years I intend coming back to UK to live/retire in a couple of years. I wanted to do a cost of living comparison - similar to what they do on the TV program living…
-
SIPP payment
Is there any limit to the amount that a company can pay into a SIPP in any one year? Does the director have to take a salary as income for the company to make a SIPP payment or does the requirement that pension contributions must not exceed salary taxable income only apply to personal pension contributions? Does a company…
-
Gap in National Insurance - advice please
According to the gov.uk website I have four years of National Insurance to make up to receive a full pension when I get to 67. I am a 53 year old female and, although I have several years left to make up the shortfall, I would like to pay for some of the shortfall now. I am not working and not receiving any…
-
Maximum amounts that can be paid into a SIPP
Can I please check amounts that can be paid into a SIPP? Is it correct that
the maximum is £40,000 pa when including employer's and employee's workplace
contributions? So if employer's and employee's contributions to a workplace
scheme are 8% of £55,000 (ie £4,400), I can pay into my SIPP £35,600 gross
after basic rate tax…
-
Financial advice
Been told by my pension provider that if I take lump sums from my pension pot that, because the policy has guaranteed benefits that I would need proof of taking financial advice. The actual amount this guaranteed benefit would add to an annuity is £150 a year. So am I expected to pay a Financial Advisor £100's for the sake…
-
Employed to Self Employed pension contributions
My husband up until last month was an employee, enrolled in the company pension scheme with Standard Life Due to redundancy he has taken a job where he is now classed as self employed, so no more company pension! Standard Life have written to him to say he can still make contributions to his pot with them which we are keen…
-
How long have you waited for your pension?
It’s nearly 6 weeks since I retired and not heard anything from my company or pension company. I phoned the pension company last Friday and they informed that they have not had any notification from the Birmingham city payroll department and when the pension provider does receive, said correspondence it would possibly take…
-
Pension penalties
Hi I have a deferred annuity with the Prudential from an old pension received while working for C&A many years ago. I will be 55 this month so requested a pension statement. They have told me what I am entitled to if I retire at 55 but will not tell me what the penalty is for taking the pension early as they say this is…
-
NHS Car Lease through Salary Sacrifice impact on Pension
Hi all I'm hoping you can help this numeric illiterate when it comes to understanding the impact of the above scheme on my overall pension position I am a higher rate taxpayer on the 2015 career average scheme, contributing 12.5% in pension with 20-25 yrs left until retirement and am looking into an electric car lease for…
-
Should I transfer out of DB scheme to buy annuity?
When I am 65 (currently 59) I will start to get paid from my employers scheme. I think this is a DB scheme (they closed it some years ago to new members). The numbers on that project a pension of £7,765, (less if I take a lump sum) or I could take a transfer value of £246,000. My first question is could I take that £246K…
-
Early retirement and bridge to state pension
Retiring early age 56 I have a Teachers AVC pot £136000. Teachers DB £12000 p/yr (£36000 Ls) Buy to let £4800 profit p/yr. Sitting on larger property with equity £250000. Rental valuation circa £1900/Mth. Plan to swap accommodation down the line. Need to know how best to bridge gap to State pension. Is £20000 (index linked…
-
Retiring - Finances sorted , but what else should I think about?
OK I've just retired (a couple of years early) and my finances/pensions are pretty much sorted. What are the other things I should be thinking about? The sort of thing I'm thinking about are seniors bus pass, notifying insurance companies etc
