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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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CAN I STILL GET UP TO 25% TAX FREE?
Hi I have been retired for 4 years now, and did not take all my 25% tax free allowance when I started to take monthly payments from this pension scheme. Now that I have reached state pension age, I have stopped taking monthly payments, and would like to know if I can somehow get the remaining 25% tax free allowance which I…
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Civil service- Premium Alpha pension advice for my Dad!
Hi all, Long story short I'm helping my dad manage his pension as he's not clued up on pensions and is close to the retirement age. I've done lots of reading on his pension (Civil service- alpha & premium) but still have a number of questions. Looking for your expert advice as know there's lot of knowledgeable folk here.…
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'WASPI' women latest: Government to review decision to refuse compensation
Women who argue they were not fairly notified about a rise in the State Pension age may still have a chance of being paid compensation, as the Government has announced a review of its earlier decision to refuse financial redress. But pensions secretary Pat McFadden has stressed that this DOESN'T mean payouts are definitely…
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Potential capping of Salary Sacrifice (speculation)?
As we all love a bit of speculating on here... I don't think this one has been mentioned yet (and apologies if it has but I've missed it) Basically a suggestion that the NI benefits to Salary Sacrifice pension contributions could be limited to a maximum of £2000 per year, with NI (employer and employee) becoming payable…
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New royal mail collective plan
Hi I understand that this is a new plan where all the money is pooled and invested by a manager, rather than having your own pot which you can change funds. Any one know whether it's a good scheme, I know he company pays in 13% but does this outweigh not having control of your own pot?
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Teacher's Pensions Transitional Protection Payment
Hello, I was just wondering if there was anyone here who has retired from teaching and have received their transitional protection payment. I returned my form nearly 6 months ago and have contacted TP asking if they were still on track to make the payments within the 6 month window they had allowed themselves. I have sent…
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FIRE Girls Pension Diary - Aim High & Dream Big
10 year targets are set and I'm aiming high and dreaming big. :) A bit of background. When I was young I grew up with a family of 4 children, Dad worked and Mum stayed at home. We had very little material things or new clothes and I remember I was always dreaming of how I could possibly become a millionaire. So why not…
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Claiming a deferred state pension - 7 months on from initial claim
Evening, My father deferred his state pension (pre 2016 rules) but decided to claim the deferred amount this year. He started the process in April but has had little success. He's been on hold at different points for hours with promises of call backs, action etc but here we are in November and he's still waiting. Obviously…
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Vanguard Life Strategy
Been reading a few threads on this forum and elsewhere ref. Vanguard Life Strategy (VLS) funds and if possible I'd appreciate a few thoughts from those who know far better than me. I am 61, still working, though considering retirement, and have 2 SIPPs with HL and Bell made up of 100% equity funds/ETFs - low cost…
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Aviva 98 Series Personal and Group Personal Pension
Hi everyone, I’m trying to help a close friend understand his options when it comes to drawing some tax free cash from his existing 98 Series PP. I’m not giving advice - just attempting to wade through the plethora of info which Aviva have sent him following a recent phone call. He’s invested in about 6 funds (I think…
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NHS Early Retirement and MARS
Hi I’m looking for some advice please and have been building up the courage to post this, as my head is currently all over the place at the moment and I’m not sure if I’m asking daft questions. I have spoken to Moneyhelper and tried to find an independent Financial advisor via Unbiased, but only received one email from an…
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UK Lasting Power of Attorney Whilst Resident in Spain
We moved to Spain last year but retained our UK Santander Current Account for our pensions to be paid into. It is a joint account, but my husband is gradually going deaf and Santander have told me that I nor my daughter who lives here in Spain with us, will not be able to deal with his account in the event that he goes…
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No change to tax free cash on 26 November
https://www.telegraph.co.uk/money/pensions/news/treasury-rules-out-pensions-lump-sum-raid/?WT.mc_id=e_DM732843&WT.tsrc=email&etype=Edi_Mny_New&utmsource=email&utm_medium=Edi_Mny_New20251112&utm_campaign=DM732843
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Self Employment and NI/State Pensions
My wife and I have been in a business Partnership for many years but whilst for the last 5(plus many more) my NI contributions are showing as 'Full Year' my wifes are not.....I should mention that I started recieving my State Pension in July 2025 and my wife is due hers from May 2026..is ther any reason why there should be…
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Thoughts - Do I need 2nd Pension provider?
I have recently retired, and I want to transfer out from my Aegon employer pension which has about £101K in it (uncrystalized). This pension has 0.25% charges and also it will not let me use ETFs, and only a limited range of funds (although I do benefit from zero transaction charges). I already have an Interactive Investor…
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Taking small pension
I have a small pension roughly £22000 looking to take tax free sum next year leaving me roughly £16000 am I better doing a draw down say for the next 6 years or take the balance in one hit thanks
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Hoping to retire early !!! Only by 2 years .
Hi I have a pension which is the workplace one, I put money in and my work does. I currently earn 12,000 ish a year,and manage fine. I’m due to retire for state pension at 67. I’m currently 62, and have around 24,000 in my pot. Could I take my workplace pension at 65 and withdraw 12,000 the first year and then again the…
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Pension Contributions: Lump Sum vs Monthly
Hi everyone, Looking for some guidance on pension contributions. My situation: * Salary: ~£70k * No salary sacrifice scheme at work * Last year I contributed £20k, making monthly contributions from my salary. * I have got in Savings £10k. * Aviva applied 20% relief and I claimed the extra 20% as a higher-rate taxpayer web…
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37 years old - My current situation and savings/retirement plan
Hi, I wanted to make this post about the journey I've been on in the last 15 years and how throughout the journey there are many times where I've felt off-track and wondered when will be the day I can see that my saving/retirement planning is beginning to work for me. It is a long thread and is meant to help others who may…
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Die with Zero by Bill Perkins
Having read this book, I'm a big fan of this approach i.e. die with zero! Here is how we've implemented it. It's not for everyone and takes a leap of faith but can be done. Some of our friends think we are crazy. Time will tell. https://www.diewithzerobook.com/welcome This may have covered before but basically it's saying…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
721 discussions
6.3K comments
Most recent: Guide discussion: Voluntary national insurance contributions by JimTheseus
14 November at 10:10AM
