-
Can an old private pension be transferred to NHS pension
I have a old private pension with Countrywide Sssured. Fund Code OP4P. Pension was taken out under pressure from ex husband and salesman. I have since reinstated my NHS pension without any loss as pension was missold. I get annual statements and note this year annual charge of £136.06 and other charger listed as £105.55.…
-
Tax rebate and P60 or P60U
Who should I contact re either of the above for the refund as am claiming JSA but can't seem to get an answer from HMRC or Job centre. Both claim it's the other who should be issuing it.
-
Death in service benefit
I was wondering if anyone has experience of trying to expedite a death in service scheme on basis of a terminal prognosis. The scheme is managed by Unum via Standard Life who provide my employers pensions, eligibility is granted on enrolment to their pension which I am in. I was diagnosed with incurable cancer 3 years ago…
-
Claiming Back Tax On Pensions ?
I currently have 3 small pensions from previous jobs - I get about £9,000 a year from them, and the 20% tax is taken automatically. I have had quite a lot of time off work this year unpaid, and have earned £2000 less than the £12,570 threshold, so in theory £2,000 of my pension should not have been taxed.Would this be…
-
Sipp and FA
Am I right in thinking that if I have my own SIPP I do not need advice off a FA in the running of it even if the value is over £30000?
-
I have someone else's pension
For some years, a pension company have been sending me pension statements and other correspondence, regarding a pension that is not mine. The pension holder has the same name as me, but their NI number and date of birth is different. It is a contracting out of SERPS pension and no contribution has been made for many years.…
-
Paying Voluntary Class2 NI
A quick cautionary tale, demonstrating to check and check again: OK so after a brilliant tip from Terron on this forum I realised that my wife (who is 3 years short of full SP) qualified to pay voluntary class2 NI as a BTL landlady. She has 14years until SPA so obvious logic says wait and pay the last 3 years (quickest…
-
Missold pension
Many years ago (20+ years) I was advised to move my work pension and put it in a private pension. The people that kept their work pension are retiring early, with a great lump sum and yearly salary payments, and I do not have this. I feel I was advised badly is there anything I can do?
-
Transfer - Money purchase occupational pension to SIPP
I am trying to transfer money purchase occupational pension benefits to a SIPP with Interactive Investor and am finding it quite difficult. I am being told that I need to get a certificate from an IFA because the amount of the transfer is over £30,000. Does anyone know if this is correct? And if so are there any other SIPP…
-
Redundancy - time to go?
At 59, I'm being made redundant, and have no wish to go through the whole job hunting process followed by a couple of years getting to grips with new colleagues, new ways of working and understanding completely new projects (I'm a s/w developer) only to get to this point again in 2023 when retirement is still all I can…
-
Buying extra state pension, worth it?
Hi, I have recently retired at 55 and looked at my state pension forecast, it said I had 39 years of contributions up until 2020, with that amount it said I would be circa £50 short of the full £680 per month. It said I am 3 years short of a full pension, which I believe would cost £800 per year, so please tell me if I am…
-
Seeking alternative to Aegon for drawdown
I became an Aegon drawdown customer around 5 years ago via an IFA, when 4 pensions were consolidated into one underlying Vanguard Life Strategy 40 Fund, managed by Aegon. With the IFA assistance, I started withdrawing 2 years ago, but decided last year decided to break with the IFA and do it myself. The main reason was the…
-
State pension and missing years
Hi All, I've just been reading through the pages on this site about state pension and missing contributions and I must admit I'm still a bit confused. I've checked my NI contributions and I can see 4 incomplete years (3 were university years and the other I am confused about). My ultimate question is whether or not this is…
-
My Plans
My gut feel is that with the security of the USS pension income, and a ten year timeline, that I can afford to be in 80pc equities. I have my SIPP in a 60/40 at the moment and worry that this is too conservative.
-
PAYING INTO SIPP FOLLOWING REDUNDANCY
My wife's earnings in 2021/22 including her PILON rate as shown on her April payslip and then her final slip on payment when they confirmed the PILON figure at start of May is as follows BASIC PAY £5018.02 to 23/4/21 HOLIDAY PAY UNTAKEN : £2114.62 PAY IN LIEU £15925.78 TOTAL EARNED INCOME IN 21/22 IS £23,058.42 SHE PAID IN…
-
What Happens To My Deceased Father's Private Pension That He Has Not Accessed
My father recently passed away, very suddenly and unexpectedly. He was 72 and had a private pension, earlier documents are with Canada Life and latter Sun Life Financial of Canada, I am assuming that this is the same company and has been bought out / overtaken in the past. My Mum passed away 4 years ago and my brother and…
-
Am I doing ok with my pension saving?
Hi MSEers, I really need your wisdom please! I am female, 33, and want to know if I am I doing ok with my pension saving? My retirement will be in Spring 2055 at age 67. I have the following pension pots: Scottish Widows Currently valued at £5,600.(Paid in 2012–2013) – no longer contributing NESTCurrently valued at…
-
NEST Pension Employed but want to make additional payments from my self employed business also
Hi, I've just enrolled into NEST with my employer but also have a jewellery business where I am self employed. I intend to pay extra into my pension pot from my earnings on the jewellery but how does this work tax wise as I know with NEST through employment this is on your gross. Any help, advice etc very much appreciated…
-
Low annuity rate values??
Im 51, left my employer last year after amassing 420k in tranferable pension pot value, split across 2 schemes in aviva.I was disappointed that the statement suggests that retirement at 65 in 2035 - "could" be worth just around 9k a year. I fail to see how another 14 years investment - even with no more payments going in -…
-
Aviva charging Administration since 1998 without my knowledge.
Hi Martins TeamI wonder if someone can help me please?I have had a small pension with Aviva since 2nd February 1998. I was sent on the 6th February 2021 a document stating an administration fee of £35.52 between 2nd Feb 2020 and 1st Feb 2021. I telephoned Aviva to ask what the administration fee was for and advised that I…
