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GMP High Court Ruling
Hi Does anyone have any information on the GMP High Court Ruling announced in the financial times on 20/11/2020? Is this something we should be looking into with our trustees?
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Fund and shares for new S&S ISA
Hi, just wondering if anyone uses Motley Fool? My SIPP is mostly cash at the moment want to open a S&S ISA with a balanced fund hoping for growth and some shares. MF seems to think 5G might do well? Looked at Pru funds but can't get them with AJBell by the looks if it. Thanks in advance for any replies.
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DIY pension definition and related questions
Hello,I am a new user. In addition to my workplace pension I have an old personal pension going since 1998, but fed £68 per month plus Govt tax top-up; not a lot. I want to move it (I understand exit-costs) and I want to increase my SIPP pension contributions. In my examples I bring up Vanguard LifeStrategy which appears a…
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Locked gmps -very small Pension -Transfer to DC
As I have read recently via mse and found a form today. If I were to transfer a very small locked Pension (a couple of hundred pounds) across to recent employers DC. Does this mean I'de loose my gmps choice of Investments, or do they continue in addition to DC choices.
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Best plan for consolidating pension pots
Hi - I need some advice about what the best potential plan would be for me. Despite only being in the labour market for about 8 years, by January I will have 4 workplace pension pots, all of whom had/have their own schemes (Company 1, Company 2, Company 3, acquisition of company 3 by Company 4). The Company 1 pot has about…
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Pension
I was reading about widows pension some might of being underpayed my mam use to get a army widows pension but was in 1980 my mam passed away in 2002 was 48 so not sure what happened to pension i was next of kin never seen no paperwork for pension thou my mam use to get benfits so not sure if wasting my time looking into it…
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A different 'taking a lump sum from a DB pension' question
Hello all, there have been many posts on the topic of DB pensions and whether it was worthwhile considering taking a lump sum and then a reduced pension, but mine is slightly different as I wondered what the thoughts were when the missing pension would not have received any inflationary increases due to the pension being…
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Defined Benifit Pension Scheme I Want to transfer.
Hi, I have a defined benefit pension plan and I want to transfer it so that i can get access to more of my pension pot because the only options i have with the current provider is lump sum + monthly amount or a higher monthly amount without a lump sum, any advice on pension plan providers that accept transfer from a…
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Amalgamating 5 different pension policies
Hi there, I am planning to move 5 different pension policies into one pot and was just wondering if there is anything in particular I should be looking out for before I move them? And is there anything in particular I should be thinking about with a new fund? I appreciate any help I can get on this. Thank you in advance.
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Early retirement options
Hello all, my wife wants to take her DB pension early (59). The options she has been given are as follows £6585 annual pension, £1896 annual increasing pension and £30000 lump sum £5447 annual pension, £5447 annual increasing pension and £30000 lump sum I know it's hard to say which is the best option but any suggestions…
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Elderly mum not getting full basic state pension-what am I missing??
My mum has 31 years of full NI contributions up until she retired in 1986-1987 at 60. She is currently paid just over £ 125 a week but I believe the maximum state pension amount is £ 134.25. I am curious as to why she is not being paid the maximum amount. HMRC's own website states "To get the full basic State Pension you…
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Pre 97 additional state pension
I hold POA for my parents. I have been looking at their state pensions since Martin said about the 60% ruling. Dad has his basic amount, then the additional Pre 97 amount minus contracted out deduction, then graduates retirement benefit and age addition. Which figure should I be calculating Mum's pension on? Would like…
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P55 for tax year 2019-2020
Hello, HMRC have taxed me on a drawdown of £11850 I took from my pension pot in tax year 2019-2020 (it was my only income during that year). I've gone online to complete form P55 to claim a tax refund but it only allows a claim for the current tax year. Does anyone know how to submit an online claim for a previous tax year?
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Wife 60% + of husband's
Martin was on TV recently stating that if a wife's pension is less than 60% of her husband's she can claim to bring it up to that minimum. My wife's pension is about 90% of mine however, we took steps to buy in additional pension with a lump sum before she retired to bolster it. She is now retired. Can we check back to her…
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IFA
Hi All Can a pension company force you to seek independent financial advice when you want you choose the drawdown option?
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Taking the whole lot in one go.
Hi all, I have a small-ish pension pot worth £98000 in a SIPP. I turn 55 this coming March and due to issues such as divorce and wanting to move and be mortgage free i want to take the whole pension pot in one go. I am currently a Limited Company director, it's just me in the company and I've been on furlough since March…
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Transfer and consolidation of defined contribution funds
I've built a fair amount in AVCs, but my employers DC schemes only offer a miserable annuity. So I want to transfer out to get a drawdown. I've spoken with an IFA and am told that due to recent changes in legislation I must use a PTS to do this, and the lowest estimate available is over £12k. Which sounds like a lot of…
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Civil Service Pension
As highlighted by others on here it is not easy to speak to a human being about pensions, they are great at sending you what you can read online but hopefully someone here might have been in a similar position to me and can help. I have an old rainbow plus pension which has been taken over by Aviva, it has about £11,500 in…
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PCLS and Lifetime Allowance
Does only the 25% PCLS count towards the LTA or it is ruled that you have crystallised the other 75% as well. So if you take £26,827 as PCLS (2.5% of £1.0731M) does that count as 2.5% of LTA or 10% of LTA.
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Aviva Work Place Pension Fund Choice
Hi all Just after some good advice from the people on here I have a company pension with what used to be friends life but then got turned onto aviva a few years ago currently paying in about £550 a month Currently running at around 93% equities and 7% gilts and bonds My current investments are based across about 10 funds…
