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Acronyms etc..
Hello to all. As a fairly new forum user I would appreciate someone posting a key to the acronyms and arcane terms used when discussing pension issues. Thank you in advance.
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Pensions Planning: The NUMBER
The NUMBER is how much income you need to "live comfortably" So What's your number? Very important for pensions planning, to know what you are aiming for. My Number? (for a couple) I calculated: £22,000 based on Food £5,000 Car/transport £5,000 Bills/Utilities £4,500 Holidays/Leisure £4,500 Clothing/Cash/Xmas/Other £2,000…
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Success Stories - Pensions
This is a bit of a light topic where the idea is to highlight what successes you had with your pension pots. Example - I contributed X and accumulated Y by Z year. Total appreciation was 'x' percent. Just trying to learn the following that could inspire a range of people - those with no pension, those who started late etc.…
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Pensions, Annuities & Retirement Planning Sticky
Welcome to the new Pensions, Annuities and Retirement Planning sticky! 👋 📖 Here are some Forum threads you may find useful (if there are any you think have been missed, please do let us know): * Can I cash in my pension? * Early-retirement wannabe * It's time to start digging up those Squirrelled Nuts!!!! 📝 And here's some…
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Bold leap into retirement
Morning all, I hope you have managed to find some time for yourself in what can be a busy period. We have enjoyed spending time with family over the last 3 days, it’s a quiet one today, then off to visit more family tomorrow. I’m not planning anything wild for NYE, but have been really starting to think about what I want…
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hsbc global balanced fund question
I have all my SIPP in this fund now, do i need to be concerned about its US weighting? Despite being a global fund i believe its significantly weighted to the US. how actively managed are these funds? Should I be thinking about a second fund to add diversification or just keep going wit this one? thanks in advance for any…
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Contacting SPPA
Has anyone attempted to contact the SPPA by email recently? How long did it take for them to get back to you? I contacted them mid Feb 2025 but haven't had a response other than the generic - 'we've received your query'.
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Interactive Investor - calculation of 25% tax free cash when holding Index Linked Gilts
In common with many platforms, Index Linked gilts are shown in my Interactive Investor portfolio value at the clean price. Obviously, the market price is much higher. When I come to take out 25% of my portfolio as tax free cash, do the Index-Linked gilts get uplifted to the current market price in determining the value of…
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Moving SIPP from Aegon to II but rate already good I think
I've not been impressed with Aegon's online platform or customer service particularly, and I've read a few bad reviews about problems when retirement time comes, so I've been thinking of moving it all to Interactive Investor. Pot is currently about 250k, split across various funds. I do have quite a good platform rate…
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Should I top up?
I have retired early and am in receipt of pensions from NHS and USS. I took advice from a financial advisor last year when I took my pensions and wanted to know what to do with the lump sums. At his suggestion I opened a Scottish widows private pension. Should I add to that again this financial year in order to get the…
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"Locking in" SIPP gains - cash or short term sterling MMF?
I have a modest amount in SIPP which I took out to bridge the gap between quitting work (done!) and taking my DB pension in a couple of years. It's in a global index tracker and I would like to "cash in my chips" to preserve my profits (would have been better off doing this a few months ago but hey ho!) My intention had…
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Workplace Pension?
Several years back, a financial advisor (a friend of a friend) helped me set up a private pension. However, he's since retired and I haven't been in touch with him for a long time. At that point, I was advised to opt out of the workplace pension. Even though I've received several pay raises over the years, I haven't…
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Problem with registering manage my state pension
I got a recent invitation to register with them. You need two proofs of ID. So I used my ID driving license and the credit check option. On the credit check it asked how long since you set up a bank account and a few other details which I gave them. It also showed a list of addresses and you have to select any that are…
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Transferring from DB after divorce.
Hi everyone, I hope you can advise. I am soon to be divorced and will be allocated slightly over £100k from a DB scheme via the CETV. The pension is already in payment and the tax free element has been used as my other half is older than me. If I stay within the current scheme I believe I will take a reduction due to…
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Pensions Advice - a stupid misunderstanding from me
Hi, I wanted to post about this as there may be other people who appreciate a heads up — even though I know many people on these boards are very generous with their time, sharing their expertise and may well scoff at such a basic misunderstanding on my part. over the last decade or so, after my husband died in his early…
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Genuine Waspi communication?
My wife, who is one of the waspi women, has been sent a communication from kaliaborcollege.org wanting information about her and suggesting she should register to claim or she will miss out. I presume this is just another scam and any communication would come directly from DWP?
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SIPP Tax Relief Question
Please could somebody answer what might be a stupid question about my wifes SIPP? She's a PAYE employee earning less than £25k so a basic rate taxpayer. For the last 3yrs she has been paying £500/mth into a Quilter SIPP managed by a FA. Her pension account shows the current value only based on what she has paid in less…
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USS - General discussion
I am taking early retirement ( 55) from USS and will have a DB annual pension of £23k and a separate £9k pa widows pension but my dilemma is I will need an additional £17k pa for the next 4 years to cover short term additional expenditure (supporting children through uni, maintain current standard of living) and I need…
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25% tax free once only on pensions?
Sorry to be stupid but I don't really understand the 25% tax free allowance, I'm sure this has been asked before, but I've failed to find a simple answer to my question. So figured I would pose it here. Let's suppose that on my 55th birthday I have £200,000 saved in a pension pot. I clearly can't retire on that amount so…
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Registering on .gov.uk "Manage your State Pension"
I just had a painful process registering with www.gov.uk/manage-state-pension Fo some reason they don't use your existing gov.uk login but need to create a new one. There's a bunch of ID verification by asking you for details from various sources. I chose driving licence and passport as those seem straightforward - read…
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Should I transfer into my teachers pension - more complicated than it seems
I'm 48 and have just retrained as a teacher so I now have a teachers pension. As well as teaching I am likely to retain some freelance income and would like to put some of that into a pension (it is likely to be about half my income so not a small side gig but a second job as I teach part time). I can't top up my teachers…
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My part-time job is just 20 hours a month, can I get employers’ contributions in workplace pension?
I have a small, low-paid part-time job alongside freelance creative work. I’ve requested information about a company pension, I understand I don’t work enough hours or earn enough to be automatically enrolled, but I’m trying to understand if I can still pay into a company pension and get employers’ contributions working 20…
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A J Bell SIPP - Taxable Element of Crystallised Funds - is a volatile value usual?
I am scratching my head at the way that A J Bell operates drawdown. Could someone please advise whether A J Bell's valuing of crystallised funds is usual? In March, and after AJB’s last payroll run of the 24-25 tax year, I crystallised £7,500 of my SIPP. The 25% tax free amount (£1,875) was subsequently paid in a timely…
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Tracing lost pensions - advice please on hard-to-find pensions!
Using the Pension Tracing Service, Gretel and Aviva's Find & Combine service, i've successfully tracked down the majority of my pension pots, but there are potentially two outstanding sums from the 1990s that are proving incredibly hard to track down. Does anyone have any advice on getting really forensic with pension…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
