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Any UK-based pension provider that accepts a transfer in of an offshore QROPs pension?
Thank you for reading this. I was wondering if someone could enlighten me. Is there a UK-based pension provider that can accept a transfer of an offshore QROPs pension? I was an expat with a QROPs pension, am now UK-based again, and the offshore provider is charging me extortionate fees that has resulted in a a significant…
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Lifetime Allowance Planning
I am 51 and I am trying to plan so I don't risk falling foul of the LTA by the time I retire. I have a small DB pension from a job years ago which I am estimating will be between £2-5k pa (need to get an up to date forecast) so assume £100k for LTA purposes (£5k x20) plus a DC pot which is just under £500k from a previous…
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Pension Transfer Advice: Fees and Charges
I have a rather complicated pension pot and I am currently looking at transferring three private pensions into a single pension pot. I am using a company that is regulated by the Financial Conduct Authority. The advice seems good and they feel they can grow my pot by about 5% a year. The charges for the transfer would be…
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Multiple pensions into one Annuity?
Hi, I have 4 pensions from aviva(£21k), 2 Royal London(£18 and £27k) and Reassure(£7k), Im thinking of putting them all together and taking a fixed term annunity to see me until SPA (12 years) . Should I do this or see what annuities these companies can do separately? Will there be excessive fees to pay?Yes Im aware the…
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Pension - Advice Please
In a bit of a quandary, we took out portable pension plans in 2013, the advisor combined a few existing policies into one, which we agreed to pay £240.00 each into every month, with tax relief providing a further £60.00. The advisor knew we were moving abroad and advised we would get the tax relief for the tax year in…
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Government contributions
3 months ago I moved my personal pension to Vanguard. I've made 3 monthly contributions since but the 1st government contribution is only being added for May. What's happened to the contributions for March and April ? Will they magically appear at some point ? I have messaged Vanguard btw
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Company refused my request for Redundancy/Salary Sacrifice into Pension on retirement!
Background..... At 55, I'm soon to take voluntary redundancy and retire. I'm in the old company DB scheme, and also pay AVC's. The AVC uses the company DC scheme but without the company contribution that 'proper' DC members receive. The company operates salary sacrifice for all the above - DB, DC & AVC. The SS equates to…
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Cashing in a small pension
I was self employed for 30 plus years as an events caterer, covid stopped that so income for me was the SEISS grants. Just before christmas i got a part time job for 10 hours a week which i aim to keep. The catering starts again all being well end of next month with good bookings. I reached 55 last month and have one small…
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SIPP Portfolio Appraisal
Hi, Looking for some general advice on my pension planning please. 37 years old and on a salary of £100k. Have approximately £12k in my workplace pension, where myself and my employer contribute the minimum amounts. I also have my own SIPP which has a balance of £55k which I am paying £500 a month into. My SIPP is…
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Private pension
Hi I have just retired and have had 2 meetings with our financial adviser/pension adviser I have @£150,000 in my pot and similar amounts in banks etc . At our second meeting I was expecting to be told to draw x amount taco free and then what I would get as weekly/ yearly pension. What actually was advised was to leave my…
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Where to invest SSAS - global market newbie
We are both about 70 years old. We need to invest our reasonably large SSAS pension pot which at the moment is sitting in the bank with virtually zero interest. A friend has invested with S Jmes Plce for a number of years and has averaged 10% interest per year. We were initially very keen to do the same. We are just…
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BR Tax Code
Hi, not sure if this is the right forum so please let me know if not.I am looking after my mother in law who is 95 and has advanced dementia, my wife has POA.I noticed on one of her pension statements her tax code is "BR" and they are taxing her at 20% on everything, do pensioners not have any tax allowance?Just wondering…
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Unsure of which way to go with pension pot
Hi, Any advice on the best way to, I am 52 looking to retire of possible at 60 or no later than 62. I have a SIPP and I am a contractor so have no workplace pensions. My curreny situation is financially is a Pension pot of £130k, I am paying into this monthly £300, I also have a Stocks and Shares ISA currently at £51k. I…
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Aviva Pension
I have an old pension with Aviva that I didnt know about its only £3,000 but now I have the opportunity to access it and I have about 5 options - 2 of these come with a guaranteed annuity basis so I guess its going to be one of these options that are the better ones to take, one offer me a tax free lump sum of about £750…
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Tax on husbands pension
My neighbour recently lost her husband a former miner when she let the pension scheme know they told her she could either have 2 thirds of her husband’s weekly pension which would have been about £400 a month or a lump sum of £63k she is 71 years old they advised her to take the lump sum after she told them her…
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DB Pension + AVC & early retirement - I don't know what I don't know!
Hi, I'm 51 and have a DB pension, which if I retired at 60 would give me around £42000 a year. Unfortunately I can't stand work and hope to retire at 55! I started paying into an AVC through work (which goes into a Fidelity fund) a couple of years ago & by 55 I might have around £72000 in it. If I retire at 55 & take my DB…
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Personal pension decisions
I've always been a bit nervous about posting on this thread but after reading the thread by @gambleruk (not many nuts to dig up) I've decided to go-ahead. We aren't in the position of some of the posters on here but we have been working and saving hard and are now looking to decide what we can and can't do with our pension…
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GMP and the New State Pension
Hope this is decipherable and makes sense... I have a GMP from the MNRPF (Merchant Navy) from 1976 to 1981 which is £225 per month (non index linked) I took the pension amount when I left the merchant navy to fund my wreckless youth for a few months but the GMP as I recently discovered still remains I have just done a…
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(Aviva) Insured Pension Funds - value of an Insured fund V similar HSBC GS fund for example.
Greetings all knowing folks, Specifically Aviva Insured Funds Mixed Investment (20-60% Shares) S14 but my query is as much about the "Insured" part of the equation though thoughts on this particular fund would also be appreciated. So, what's so special about an "Insured" fund - unable to Google any form of educational type…
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Voluntary NI contributions
I retired from work on 31/12/20, aged 64, with 22 months until I turn 66, and am not claiming any benefit. My NI contributions for year 20-21( ie April- December 2020), were enough for that year's contributions to count towards my state pension. I have an up-to-date GovUk estimate of my state pension, as of up to April…
