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NHS Pension
Hello I paid into a 95 NHS pension scheme for 20 years until 2000 then moved abroad. I'm 60 and can claim it according to the website. Is their any benefit in delaying the claim?
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401(k) and UFPLS
I am retired UK citizen and resident. I file my income to HMRC by self assessment. I used to be long time resident of USA and built up retirement savings in a 401(k) from which I withdraw lump sums when I need the income, transferring the cash to the UK as income. Can rules of UFPLS be applied in UK to my 401(k) lump sums…
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Balanced Investment Strategy During Drawdown?
I am currently reviewing my initial diy investment strategy for drawdown, I will be maintaining both the drawdown and an uncrystallised accumulation pot. Currently all funds are temporarily allocated to a multi-asset option, whilst I consider my next steps. Would anyone recommended any particular reading material to assist…
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Small amounts in few pensions. Want to combine them ???
I have an old stakeholder pension with Aviva which is doing nothing it's actually losing money. I have another small company pensions from a company I worked for a year. That changed to Aviva too. I have bits in local government pensions but nothing that amounts to much tbh. I want to bring them together. My hubby has a…
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IFA Advises Pension Move to True Potential : Thoughts Please?
My IFA wants me to move my pension and ISA from AVIVA to True Potential. Apparently this move won't incur any charges. I guess my IFA would get a commission for this move, but what would be the Pros and Cons for me? And has anyone dealt with True Potential themselves and have any good/bad feedback. Thanks
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Impact of Severance on a DB pension and pensions freedoms
Please can you offer advise- I will be offered Severance/ Voluntary Redundancy-shortly After long service and as I understand it because of my age they will start paying my pension immediately without reduction. About £5k .Does that mean I will lose the option to ask for a CETV and have my own pension pot, as i was hoping…
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Shall I transfer my NHS pension to my civil service pension?
Can anyone please advise if it is any beneficial to transfer the small pot (around 5 years of service) I have in the NHS pension into my new civil service pension? I’m in my late 30s, it’s very unlikely I’ll be returning to work for the NHS. Thank you.
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Lump Sum
Hi, looking for some advice. I have a very small pension pot worth less than £2,000 as a lump sum when I turn 55 in a couple of months and was thinking of simply cashing it in as I already have two decent Occ pots. My question is, I was made bankrupt in early 2000s, being discharged in 2007, so there is nothing on my…
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Section 32 buy out policy question
I have a section 32 buy out policy, transfer value about £70K with a protected GMP pension of about £1,1000 at NRD which is 2021. I had thought about transferring it just to rationalise my pensions to another SIPP but advisers want a relative fortune to advise on transfer, so I thought again about just keeping it until NRD…
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Tax refund on pension withdrawal
My husband took £14k from his pension 4 years ago for urgent repairs to our house. He paid between £8/9k tax on this and was told by our financial advisor that this would be refunded. This hasn’t happened and I was wondering if anyone has any advice about how we can get this money back.
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Where to Invest
I am 51 and I am looking to pay into a private pension plane for the next 15 years. Any suggestions on where is the best place to invest with? Looking to pay in about £80. I currently earn £21,000 and am enrolled with my employer to pay pension which they match
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Struggling with Hargreaves Lansdown - should I try PensionBee?
So I've had a 'traditional' pension with Standard Life for 20 years that I felt I was paying too much for so I moved to Hargreaves Lansdown but happy to admit I haven't got a clue what I'm doing :( If I look at their manage funds they're even more expensive than my old pension so I'm wondering whether PensionBee is worth…
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LGPS or NHS pension
I am 53 and have had a LGPS local government pension since 2009, 11 years. I have recently secured a job in the NHS and have the option of taking this job, and the LA recharging the NHS while I am employed there, or moving fully to the NHS. I am trying to find out if it would be better to keep my pension with LGPS or if…
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Lump Sum
Hi, looking for some advice. I have a very small pension pot worth less than £2,000 as a lump sum when I turn 55 in a couple of months and was thinking of simply cashing it in as I already have two decent Occ pots. My question is, I was made bankrupt in early 2000s, being discharged in 2007, so there is nothing on my…
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DB tax free lump sum
I retire in a few months time with a defined benefit pension. I have been musing over whether to take the tax free lump sum or not. To help with my musing I've trying to find out if I don't take it have I lost the tax benefit? I have a DC pension which I already drawdown of which I have the first 25% of any withdraw tax…
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NHS pension help
I have a small 1995 NHS pension - my latest statement shows a £6k lump sum and a £2k per year pension. I am no longer contributing to that scheme as have been moved over to the 2015 scheme. I am planning to leave within the next 12 months. Wanted to have a rough idea of a cetv as wanting to put pension into a sipp but…
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Stakeholders pension options for insistent client
Hello, I have read several of the threads relating to DB transfer, I’m in my early 40s and have a CETV over £30k, initial conversations with some IFAs indicate I may not receive favourable transfer advice due to my age. I understand my deferred DB fund is only required to validate advice has been received if I do want to…
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AVCs Now Seem Rash - Words of Wisdom Required
Two years ago I landed my dream job and expected it to last me through to retirement. Utilising salary sacrifice I managed to divert over £50k to the pension pot in AVCs so that I could build it up whilst maintaining a good standard of living. 20months later and Covid-19 arrived and soon after the middle management cull…
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Pension Cashflow Retirement Planner - Key Info?
Hi, This was raised by my FA in my thread on drawdown. He has provided what he calls ‘a quick and dirty cashflow projection”, and also concedes it’s just a start. But he has based his warning of running out of cash on it. From what I can see, he has used real return of 1% throughout based on 2% inflation throughout,…
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Is it worth combining small pensions into the Peoples pension?
I'm in my early 40s and have never really planned for my retirement as just getting by month to month was hard enough. But I have 3 different small pension pots from various jobs throughout the years. In my current position, I have been enrolled in the people's pension and I have about 3 years worth of contributions in it.…
