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ReAssure (General Portfolio)
Just after a bit of guidance while I'm waiting for a pension wise appointment!! I started a pension with General Portfolio in the late 1980's, about the time of the big "opt out of SERPS" campaign. The rep promised £5000 a year at retirement for £40/mth, with yearly increases to the contributions so that I'm now paying…
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Exceeding MPAA Contribution Post Cash Out?
Cashed in a few pension plans last year when I hit 55. Now just started a new job where they give you 5% anyway and match any voluntary contributions etc... Realise the MPAA for me now is £4K per annum but I could easily exceed that using the companies generosity. If I end up contributing say £5K what will…
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NI contributions
Hello, I logged into my GOV UK account to check on my national insurance contributions. It says that the information for 2020-21 is not available yet. I thought that the tax year goes from April 2020 to April 2021? Does anyone know when the information for 2020-21 gets updated on the website? Thanks.
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ill health retirement questions
Have been accepted for lower tier ill health retirement on the Alpha scheme.This is due to PTSD, that I suffered from numerous assaults. Retiral date is 24th June, so will have 28 years 10 months pension. I was moved to Alpha scheme like many others in 2015. I understand that because of the McCloud ruling that I should…
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DB pension Deferred scheme query
My company have decided it is no longer going to pay into its DB pension, therefore my pension will be deferred. As I am over 55, I was planning to take my deferred pension and continue working, I don't want to leave it just sitting there. eventually I plan to reduce my hours and the pension would make up the difference.…
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Should I transfer? Advice please!
Hello pension experts! I have a limited understanding of this area and hope you can help me? Investment details: Standard Life pension Pension With Profits One Fund 50% Standard Life Managed Pension Fund 50% Regular employee payments of £40 per month since taken out in 2002 Current fund value is 16K Current transfer value…
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paying tax on my pesion (lump sum)
Firstly, i apologise in advance if this is a bit long and rambling, but i honestly don't know where else to go with this query, and its beginning to stress me out. here goes... In May last year (2020-2021 tax year), I cashed in a works pension (I'm 55). I took a partial lump sum (I left £500 in the pot). Of the £47,458.67…
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State Pension Forecast Correct?
Hi All, I have just looked at my state pension forecast online and it says I've made 29 years of full contributions with 16 more years available until retirement in 2037. My pension forecast says I will get £176.77 per week based on record to now and the full pension of £179.60 if I contribute one more year before 2037. Is…
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State pension query
Hopefully this is in the right part of the forum. Recently Martin Lewis posted an article about women potentially missing out on state pension and how they can reclaim, there were different reasons set out and various categories. My mother falls into one of the categories where Martin states that a claim needs to be raised…
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Now Retired - Tax Query
I have just retired and receiving a final salary pension and State pension which will add up to me being a basic rate tax payer. However I was previously paying higher rate tax when employed and my final monthly salary payment was paid last week - i.e in this current tax year. Included in it was a final bonus payment which…
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Panicking about (lack of a) pension
I am 49 and panicking about retirement and not having enough money to live on. I currently earn £32k and pay £90 net per month into my employer's pension scheme. Their contribution is just 1% and unlikely to increase.My salary is also unlikely to increase more than 1.5% this/next year (and it's unlikely I'll be able to…
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Defined Contribution funds to charities on death of second spouse
My wife and I both have two defined contribution pensions schemes (NOTE: original post here stated "defined benefit" in error) For all of the
schemes we have named each other as beneficiaries upon death. We have no children
and no other dependents. Our wills leave our
entire estates to each other (providing the surviving…
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Credit Once Retired
I wondered once you're in retirement how easy it is to gain credit agreements like, say, a car loan or a remortgage? My wife and I are both 57 and thinking of retiring and we wondered if the easy accessing of loans was still as easy once you had no wages coming in?
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French pension stopped
I have been drawing a tiny French pension since about 2007. Each year I have to verify my existence. If I do not do so, my payments are suspended. I have done this successfully each year on paper. Last year I followed their instructions to do this online and I had a confirmation email of receipt. However, my French pension…
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Deferring state pension
Hi Everyone I realise this subject has been discussed previously, but things do tend to change so I'd appreciate the answers as they are currently Will I have to apply for the state pension when I become eligible, or is it automatically paid? On the basis I think I want to defer payment of the state pension, what…
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age 60 to 65 - Vanguard SIPP suitable ?
Hi all, Im 60 now, and my plan is to retire at 65. My state pension will be due at age 66 + 7 months, ( on course for full payment ) so i have a 19 month window to bridge that gap. I have been taking a small occupational pension since age 55 ( long story ) which pays around £2K per year ( will be just over 2300 current tax…
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BestInvest Drawdown charges
My DH has a SIPP with BestInvest for approx £20,500 invested in a Vanguard fund. It was always intended take a fixed amount each year, once a year, between the ages of 60 and 65, running it down, until his NRA65 benefits with Royal Mail can be taken. He intends to retire at the end of this month. His income will be well…
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State pension from UK when a moving back to Italy after working only 10y in UK
I am an Italian citizen who has been living in UK for the past 9.5 years. During this period I have always worked here and I haven't received any income from Italy or anywhere abroad. I have also regularly contributed to a pension scheme that my company has setup and where the company contributes as well. The question I…
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Tax free 25%
Upon reaching age 57 can you pay pension contributions, get 20% tax relief then immediately take 25% tax free?
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Can your sipp hold p2p loans?
What about a single p2p loan made to the pension holder? If the borrower failed to make the payments the lender might decide not to take any action....
