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First payment of state pension not received
I contacted HMRC some months ago to claim my state pension which was due first week in July. I received an email to confirm receipt. SInce then I have heard nothing about how much I will get and no first payment. I eventually got through to the helpline two weeks ago and was told it would be actioned in 48 hours but have…
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A reasonable chance of getting a good pension in three decades?
I want to check if I got the following plans right and a realistic one as well. After eleven years of contributing to a personal pension and contributing to a workplace DC pension for six years as well, I finally got a combined pension pot of £100k thanks to a significant rise over the previous 12 months. I got three plans…
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Voluntary redundancy and strain costs question
.Hi, I have recently been offered voluntary redundancy and have a
question about how statutory redundancy rules may or may not apply. I am a member
of the LGPS, aged 58 so am entitled to an immediate unreduced pension, which has generated
strain costs. My voluntary redundancy payment is £63,684.25 and my strain
costs are…
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small pot transfer.
i have a small stakeholder pension pot of about £16000. I have a state pension of about £11000. Can I take 25% of the pot plus a small amount to take me up to the personal allowance? I would like to then take say £2000 a year to bring me just over the tax allowance and repeat this yearly for the next six years. Is this…
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USS pension advice needed -take maximum lump sum or leave invested?
Hi, I am wanting some advice on my USS pension if possible. I have read a lot of the posts on here re USS and looked at the USS website many times to help me. But I am still unsure what to do. I am wanting to retire soon and am in my early 60s. I have about £460,000 in my pension pot. If I take my maximum tax free lump sum…
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GAR Trap
I have a pension which has a pot over £30,000 and therefore have to receive financial advice from an FCA regulated IFA. Unfortunately I had forgotten about this pension pot which may sound strange, but it was from a long time back and it was only when I was selling some Aviva shares that they asked me what I wanted to do…
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Injury/pension
Hello, first post…. I’ve recently been injured at work and highly likely I won’t be returning to my job/role. What happens with my pension? I have no idea what I should be doing. It’s 14 years of pension and I’m no where near pension age. Any advice greatly appreciated. Thanks
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Pension....can I, can't I, how do I, where do I even begin?
Hello, I have tried to find some guidance on my query on the gov.uk website but haven't been very successful. My story - I will be 66 next March - female, single, A Belgian national who has lived in England since the early 1980s. I have settled status. Have done a few years of work in the UK, for which I paid tax and NI,…
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Start SIPP?
I'm planning to add this year's 20k to my S&S ISA. I'm late sixties working minimal part-time hours. I have a tiny workplace pension and some investment income so a standard rate taxpayer. Should I consider starting a SIPP or is it too late to bother?
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Retired plan - Advice required
The plan is to retire at 55 when I will have a DC pot of approximately £400,000.00, I plan to work the first 3 months after April 6th to benefit of my 0 tax rating of £12570.00 based on current banding. My thoughts are to start drawing down on my DC pension from 56, utilising my annual 0% tax banding so drawing £12570.00…
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advice - best way
evening and thank you - assistance - guidance if available please. I'll try and word this to try and sound like I'm not insensitive. My uncle has invested monies into a gold company (Rosland Gold Uk) and wishes for me and the family to be beneficiary of the account when he passes on. In order for me to be added to the…
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Cash in Stock ISA and put into SIPP?
I just had a eureka moment....or was it? I think it would make sense for me to cash in my stock ISA and invest it in my SIPP. I'll get the 20% HMRC topup. The stock ISA is valued at just over £30k. I will need to do this next financial year, as I will be hitting the maximum I'm allowed to contribute (£40k) this year with…
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Pension payment to be returned if you pass away mid month?
My grandmother sadly passed away in March of this year. She had a workplace pension that was paid monthly in advance. I have a solicitor dealing with my grandmothers estate. My solicitors have advised me that the pension company have asked for Marchs payment to be returned as my grandmother passed away mid month!!! My…
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P55 Refund - How To Complete PTR
I’m
completing my PTR for 2020/21 and am unsure whether to include the refund that
I received via a P55. It is
showing as a Miscellaneous Credit on my online account in the Payments/credits
received section (where PTR payments & refunds are listed). However, the PAYE for the SIPP drawdown
withdrawal against which the P55…
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Police Pension Advice
(Removed by Forum Team - see post below)
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Civil Service Alpha or Partnership for Old Newbie
At 55 years old and a life working overseas with no pension arrangements I have been offered a CS job which will (hopefully) see me to retirement at 67 back in blighty. I paid voluntary NI contributions whilst overseas so am at least likely eligible for a State Pension but a (belated) priority moving forward is to try and…
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Should I really take the DB income?
Hello and apologies for the length of my post, but I have a question I'm wrestling with regard to my one and only DB pension. Currently my wife and myself (both 59) are early retired and living comfortably from our investment portfolio, but when I hit age 60 in late December I am able to start my DB pension without…
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Full time Mum pension advice needed
Hello, I’m a full time mum and have been for 12 years, I’m also registered as carer to one of my children and I foresee this being a full time need for a good few years yet. I’m 42 and only have a very tiny pension from when I was younger which will pay out £600 a year, I know I’m getting my NI contributions and will be on…
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Drawdown etc
Hopefully a quick one. I've got roughly £50,000 in DC plans. I was thinking of taking the 25% tax free at 55. Basically for some home improvements, pay off a car loan etc. My DB's are more than adequate for my retirement needs. My question is this. If I were to drawn down the remainder over say 8 years I pay 20% tax. (It…
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Aviva Workplace Pension Fund Choice
Hello I am quite a novice when it comes to pensions and was wondering if anyone could help me. My workplace pension is through Aviva and I have the choice of 8 different funds to choose from below: Fund nameUnit pricesAv Diversified Growth (BIGPS) (0.37% Annual Management Charge)168.100Av Emerging Market Equity (BIGPS)…
