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Pension Review - Reeves IFA
I have recently started to review my pension pot and have and was contacted on LinkedIn by a company called Reeves IFA (https://www.reevesifa.com/) they are 92nd on the FT Top 100 IFA list and have a TrustPilot score of 4.7 from 96 people https://uk.trustpilot.com/review/www.reevesifa.com What they had to say seemed…
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Vanguard Sipp
Vanguard SIPP Bit of a
novice question, I have just paid £2880 into my Vanguard Sipp as I’m retired. I know that
the tax relief will be added at a later date. My question is,
can I invest the cash I have paid in now and then wait for the tax relief and then
invest that when it arrives. Any reasons
why I should wait? Thanks…
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Pension Equalisation (Barber ruling)
I was a member of a final salary scheme from 1985 to 1994. I am male. I have just compared my annual benefits at NRD, comparing a 2017 valuation with a 2021 valuation. The 2021 valuation is about 20% lower - I guess if I had had a 2020 valuation, the equalisation would have meant my benefits would be reduced by maybe 25%.…
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UFPLS - is there a limit to the number of times i can do this?
I retired from work a couple of years ago, and have activated my pensions now i am 60. I am receiving money from 2 pensions: one a final salary. one a drawdown type with Aegon which is around £250k. This is 100% invested in Vanguard Life Strategy 40. I declined to take the 25% tax free lump sum from either pension, as i…
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Another quick query on £40K Allowance
To work out the amount that I can contribute to a SIPP - after salary sacrifice, do I deduct tax and NI contributions from my gross annual salary, or is it deduct tax only? I thought I understood this from a previous thread I posted but .... er not exactly now I come to work out how much I can carry over from previous tax…
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Withdrawing pension in full.
I'm 58 & found out last month I had a pension from 1989 i can never remember paying into. It was with Colonial Mutual Life and Aviva took it over. I have my works pension and my wife has her NHS Pension so we'll be comfortable come retirement. Recently moved house and doing lots of refurbishment work so I thought I would…
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LGPS AVC, APC or what else?
I’ve read similar threads on this subject and getting myself confused. I’m 50, having paid into a LGPS scheme since I was 18. Now paying 40% income tax, so seems sensible to pay extra pension provision instead of HMRC. I plan to retire early, at 57’ish, and take a hit drawing LGPS early. So what’s my best option if looking…
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DB Membership
I left a company in 2000, shortly after that they closed their DB pension scheme. Since then I have noticed in the annual trustees report that they give breakdown of fund membership and there is one active member then an amount of deferred members and pensioners (approx 4800 total). Why would there be one active member and…
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Normal Retirement Age
Hi All, I’m female, 49, and planning my retirement. On leaving a previous employer in 2003, my defined benefit pension statement read that I was entitled to £x per year from Normal Retirement Age in 2031 - as women’s normal retirement age was 60 at that point. Given the changes in statutory retirement age I want to clarify…
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Tax return question relating to SIPP - probably a dumb question.
As I am unemployed I paid just £2880 into my SIPP from my own savings. The government kindly topped this up with £720. On my tax return form I have this question:"Did you receive any UK pensions, annuities or state benefits, for example, state pension, occupational pension, retirement annuity, Incapacity Benefit?" Can I…
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Advised that pension settled 30 years ago - no recollection
History: Non-contributory employee pension fund - 5 years employment until the mid 1980s. Company relocated offices abroad in late 80s. Present day: By chance I was reminded of this pension and made enquiries. It would appear to have been transferred into a Section 32 bond/s in 1989 (not confirmed) and is now with another…
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FCA Consultation on increasing Pension Wise takeup
I am interested in forumites opinions on this latest FCA consultation. https://www.fca.org.uk/publication/consultation/cp21-11.pdfAt first reading it seems that a stronger push towards the guidance offering could help many of those starting to think about their retirement income. However:It looks as if the reason for this…
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Where to put money after ISA allowance and retirement planning thanks
Hi Guys, Have had to finish up , only 55 , not working at present, no dependents, girl friend independent , every thing's paid off, could still stack shelves if plans are not viable but would prefer not to. After lurking and reading on here was thinking of keeping a £50,000 deposit buffer and investing for growth and…
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Stupid question
If I switch from say Vanguard LS 60 to LS80 in my SIPP, will I pay a fee to do so i.e. will it cost me? thx!
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Tax codes with annuity holder, establishment (and possibly relevance to EU resident)
Quick question for those in the know: MiL lives and is tax res in Spain. Recently widowed. Meds are currently keeping her sub par in terms of handling finances/admin, but she is still fully independent and will sharpen up again mentally, so we are just trying to guide her through re-stabilising her finances as a widow. Her…
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Non responsive / missing pension trustee/s
We have a problem with one of my wife's old company money purchase pension schemes. To cut a long story short, she had a pension scheme with a company that long since went into administration. We were able to establish the current transfer value as we wanted to consolidate this pension along with others, into a new single…
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Section 32 two parts
I have a section 32 from many years ago. It has two seperate parts. One is the original with a GMP. Part two does not have a GMP. I get separate (in the same envelope) statements yearly, both have their own policy numbers.The one with no GMP has a separate transfer value to the other. The one with no GMP has seperate…
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Silly little pensions
Is there a simple way of transferring pensions with daft little values? I have 4 workplace pensions. The one with my current employer is fine, I am making additional contributions and am happy that it's a slow and steady sort of pension. Of the other 3, one had approx £500 value which I have access to and have invested in…
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Xferring private pensions
What are the benefits of transferring private pensions to your company pension scheme
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Pensions - it's all a foreign language to me
Feeling a bit directionless and not quite sure what the hell
I’m doing, Left my employment
last summer after a number of years there, I’m 59 and thought i would be there until retirement age of 67 so I've never looked into my pension options, always thought plenty of time to do that. Leading upto my resignation (while…
