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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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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, 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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Work place pension
Hello all I have just been auto enroled onto my works pension with "Nest" There sight says they invest in businesses which obviously means when I get to retire I may have lost money (I know it can go up or down BUT!) I don't know what to do as nobody in work seems to be able to tell me any detail atall. I am currently 63…
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Annuity and Part Time Work
G’day folks, Is this the only way? I need 4k net a month. My boss has asked me to go part time reducing my pay to 40k a year. This is based on 18.75 hours a week. I have just turned 55 and find the thought quite appealing. He needs a headcount reduction and is asking all the old timers if they can go part time to prevent…
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year before retirement - how did you get your ducks in a row?
not there yet, few years off. But wondering about practicalities. How did you get yourself sorted so hopefully day one of retirement was pretty smooth? eg pension applications/payouts may take some time, so how early do you start getting that lined up? did you try and get different income sources timed to arrive fairly…
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How did you feel when you committed to retirement?
Today was the day I took the step into retirement - well, in 3 months time to be exact. I notified my clients, I notified my pension provider and I notified my family. I’ve been thinking about this for ages, but for some reason those thoughts accelerated over the last few weeks and days and crystallised into action other…
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New Capita-run Civil Service Pension Scheme - problems (what a surprise!)
So, Capita have taken over the admin for the CSPS and their new website and members portal went live this week. I have just registered on the new portal and am not in the least bit surprised to find that the information available on the new portal is very scant and incorrect in terms of my length of service. With…
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P45 after getting lump sum in drawdown
Hello I recently got a lump sum from a retirement investment account. They sent me a P45 with the payment. I am currently working. do I need to hand this P45 in to my employer?
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localpensionspartnership.org.uk - Who are they?
I have received an email from the lppa (as they call themselves), but am unsure whether they are an independent organisation regarding my previous local government contracts, or a private company looking to invest such in their interest (I have had brown envelopes with "official" letters about my pension previously from a…
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Clerical Medical - Loss in pension value?
How many lost money resulting from a LifeStyling (reinvestment strategy) with Clerical Medical? This is where the company moved investments from stocks and shares to "safer" bonds and gilts. But the strategy backfired - triggering significant losses.
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bond ladder - now or later?
been playing with bridges. I do plan to have this money mostly in fixed income. slowly moving into IGL5 with the view of maybe some CSH2 before retirement to fund the bridge each year as needed with low volatility funds or a bond ladder to lock in yields. However, the question then is ‘when’. playing with ChatGPT and…
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Capita Data Breach/Barings
I’ve just had an email from (Removed by Forum Team), Head of Data Breach at Barings Law advising that he is moving to Abbleys Solicitors and taking the Capital Data Breach case with him. Has anyone else received this? Wondering what the implications of this are? Thanks
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Aegon Trustee Proposed Section 32 Buyout Policy - Fund Name WP Endowment (A)
I'm nearly 54 so looking at pension options etc for when I turn 55. I have an old pension mentioned above. My understanding is that this has a protected cash fund and that I may be able to take out more than 25% tax free and wondered if this is correct? There's also mention of GMP - which is think is something to do with…
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A guide to the UK Pensions System from the PPI
The Pensions Policy Institute have released their latest guide to the UK Pension System. It is up to date to 1st June 2026. https://www.pensionspolicyinstitute.org.uk/research-library/pensions-primer/ It is aimed they say at anyone wanting to better understand the UK pensions system, including policymakers and Government…
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Drawing down pension next year. Move from cash to pension now?
I’m normally careful about putting my details online but I don’t think that I have any choice if I’m going to get useful answers. I’m 57 and have £535k in my DC pension. My mortgage is fixed until next June and will be in the region of £50k at that point. I plan to repay it then. I have around £38k cash, some of which is…
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What happens if you straddle pension age increase?
On 6th April 28 minimum pension age increases to 57. My DOB is Oct 71. If I start accessing a DC pension from Oct 26 (age 55) can I continue? Or on 6th April 28 (age 56) will there be limits on how I can access my pension? What are the guidelines? I'm thinking I would be able to access crystallised funds in a drawdown…
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Civil Service - Applying for Voluntary Redundancy
Hello, I am retiring in March 2027 at age 58. Whilst there is no mention of any redundancies at the moment I was wondering what the process was for applying as there's no harm in asking? My team have undergone a recent recruitment exercise which means IMO the team is now completely overstaffed and my work can definitely be…
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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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Added Years missing and miscalculated - Civil Service Pension Classic scheme
Hi everyone, I've been happily purchasing Added Years on my CS Classic scheme pretty much since I joined in 1998 (Added Years arrangement was put in place in 2000). Given my age at the time, I was able to purchase the maximum available to me: 7 years. I've kept all the confirmation documentation (hard copy letters in those…
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Taking the tax free lump sum or leaving it as a defined benefit? Civil Service Pension Scheme!
I was employed by the civil service for 5 years, raised through different ranks and left at a SEO grade. From day 1 I opted into the Alpha pension this was from January 2017 to January 2022. I left in February 2022. I'm 33. As i left the civil service, and logged into my civil service pensions account online, I can see my…
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Civil Service Pensions - Capita staff comments
There's a report in Computer Weekly on internal staff comments about management platitudes - not good news but reflects internal tensions:- https://www.computerweekly.com/news/366648014/Capita-CEO-receives-scathing-rebuttal-from-employee-over-botched-contract
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Every time I get a quote for my modest DB pension - it has gone down.
Hi, I have a modest DB pension form a previous employer. It is linked to the final salary I was on when I left that company. I can go ask for a quote on their portal and input a date I would like to start drawing it as long as it is over 55. I have just got a quote to draw at 55 (a few months after 55th birthday) and it is…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
751 discussions
6.5K comments
Most recent: If You Have Registered For A … by molerat
11 August at 3:06PM
