-
Teacher Pension Valuation for Divorce
Hi there I'm a long term poster but have decided to post this under a different ID. I am currently in the process of getting divorced and we are trying to sort the finances. I have a DC pension current fund is £124k and an old DB pension valued at £68k that will pay £1425 per annum with no additional benefits. My STBX has…
-
Sustainability/Environmentally Friendly Funds e.g. Jupiter Ecology
Hi All, With the increased focus on the environment (as there should be) I have been looking for funds that are investing in companies within this sector. The only fund that i have come across is Jupiter Ecology. Some of the companies within their top 10 holdings are familiar to me and should be well positioned in the…
-
Pension over due
Hi. Applied for state pension back in April online got email saying received. Was 66 5 weeks ago had no letter and unable to get through on phone. Can anyone suggest what next Thank you
-
Pension Tax on Funds that didn't receive tax relief
Can anyone advise if money paid into a pension fund that did not receive tax relief can be withdrawn without paying tax on it. It is money that has already been taxed and it would be taxed twice if it is taxable on withdrawal. Thanks
-
Virgin Money Pensions - a warning
I wanted to use the tax-free 25% of my Virgin Pension Fund and contacted them about it. I was told the only way to withdraw money was as a lump sum; that is all of it at once. That would mean paying high rates of tax on the withdrawal, up to 45%. There is a workaround that you can transfer the money to a SIPP that allows…
-
Aviva Pensions - Choice of Available Funds
Hi All, Having reads through various discussions on the different funds available I am now considering moving my pension out of the Aviva Mixed Investment (40-85% shares) and dividing it between some different funds. My reasons for moving are: Mediocre performance over the 5 years that I've had money in the fund (third…
-
Plan A, Plan B or is there a better Plan C?
First
time poster and have been studying this board for a while now and am now looking
for some valued opinions on retirement plan / withdrawal strategy from the knowledgeable folk on here Background:
I’m 54, wife is 56 and I would like to retire or maybe semi-retire in 18
months. Wife is at the same juncture, and although…
-
Carers Allowance - Pension or Isa
Hello I am not working, I have full time carers duties (some would say more than full time working :) ...) I would like to put some of my allowance away towards my pension I have a NEST account with nearly 5k in.. I am considering moving it to Vanguard and choosing one of their funds, but also Hargreaves and Landsdowne as…
-
Forecasting - Accumulation
Hi folks, despite all the helpful links I've found to various spreadsheets to forecast the stages of accumulation and de-accumulation I've decided it's time to make my own. Everything I can find is either far too simplistic to take all the variables into account or uses formulas so complex i have no hope of tailoring to my…
-
Workplace pensions contributions
Hello Folks, I started work with an organisation that auto-enrolled me into a workplace pension scheme with Royal London. However, the employment did not work out, and after 3 months I quit. However, over those 3 months, I had deductions from my salary for pension contributions. What happens now? How do I get my money…
-
Support for widowers - teachers pensions?
My beautiful Mum has just died very suddenly, and I’m trying to help Dad understand his financial position. Her pension/benefits accounted for over 70% of household income, and stupidly she didn’t have life insurance, so he is in a dire position. Does anyone know if there is any ability for a teachers pension to be passed…
-
State pension
Hello, looking for advice regarding my state pension please. My account states that I will receive £186.39 per week and says that I cannot improve my forecast anymore. When I looked at my National insurance record it states that I have 46 years of full contributions with 4 years to contribute before the 5th of April 2025.…
-
DB to DC transfer above 30K: what are the cheapest options for advice?
I have 3 DB pensions the CETV of each of which is above 30k (one is 50k, one is 65k and for one I am yet to receive the CETV but it is likely to be just above 30k) I am aware that doing such transfer is jumping through hoops. First, advice from a IFA is required but only a few IFAs provide advice on such transfers. Second,…
-
SIPP Transfer Time
I'm currently transferring my SIPP from iWeb to Vanguard in specie. I'd like to know what the average time for this type of transfer should be. At the moment, it's been almost 5 months and I can't seem to get a straight answer from anyone as to when it might finally complete or even what stage we are. I've opened a…
-
Don’t know what to do for the best
I have an NHS pension of 15000 a year so am already paying tax, I’m 59 and fully retired . Im three years short of a full State Pension due to being Contracted Out, so is it worth me paying the extra years as I’m just going to be paying more tax anyway? I know I should be able to work this out myself but I’m just having a…
-
Final Salary Pension Transfer
I would like to transfer and consolidate a final salary pension into an existing SIPP with Hargreaves Lansdown. I understand that I need to get financial advice however the cost of such advice appeared to be substantial for what I expect will be at the most a few hours of work. Hilltop Finance have offered a fix fee of…
-
Pension charges
I have had a personal pension with the same well known pension and investment provider for over 15 years and it was set up to amalgamate all my little pensions from various employers in one place. I have not made any regular payments in that time. My financial advisor has disappeared so I have been managing it myself and…
-
Civil Service Pensions - Deferred AND Current Member
Hi, I wonder if anyone au fait with civil service pensions may be able to help me. Ive scoured the civil service pension webpages but cant seem to find any guidance on my particular situation. I'm in a perhaps unusual position of having two civil service pensions. 1) A deferred Classic pension from first period of service…
-
Annual pension contributions and AA
I’m getting myself in a bit of a muddle… not difficult !! I understand the AA is currently £40K and that includes all pension contributions which I think I am under. I also understand there is a ceiling related to your income as to how much you can contribute. I earn £30265 (part time salary). What are the exact rules?…
-
Finding a Suitable Advisor
I need to find professional advice on pension commencement decisions I face shortly with my DB pension. I'm in the fortunate position of having exceeded the LTA a few years ago, at which point my employer provided an UURBS (nowadays I believe this is referred to as an EFRBS) scheme for my subsequent pension accrual. On…
