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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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SIPP’s
Thinking of opening a SIPP. Age 62, no earned income, so only very small contributions (ie £50 pm). Are AJ Bell, Fidelity etc all pretty much of a muchness (fees, performance etc)? Btw, I also recently opened a T212 a/c if that may be of any relevance. Thank you, Cotm
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Civil Service Pension - better to go part-time or partially retire?
Hello, Looking for some advice about my Civil Service Pension about whether it's better to go part-time or to partially retire and the impact on my pension for each option. I am considering reducing my hours by a day a week and don't particularly need to make up my pay with pension. I am 59 this year on 6th December. I was…
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State pension- declaring holidays to DWP?
I have been informed that the state pension is classified as a benefit. I also understand if you are in receipt of benefits you have to declare time out of the country to DWP. Are there tax implications or penalties and when do you declare it? I am thinking it is best to take any long holidays just before reaching reaching…
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GMP Equalisation
I am a retired pensioner receiving a state pension and also 2 company pensions built up in the 1990's with 2 different 'big' companies. This question relates to these 'commercial' pensions. I have recently received correspondence from the pension scheme of one of these companies regarding the conclusion of their GMP…
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Spouse pension benefits on death after age 75 is not tax free?
i thought the spouse would pay marginal income tax rates on any spouse benefits if the pensioner diedcaftervagev75. Apparently I am wrong. When did the law change? Or does this guy not know what he is talking about. About 1:50 in the video https://youtu.be/Tz_FAIEfm-E?is=YlhBNHIrnQxs5h1r
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Nest Pensions are Liars
Can someone help me expose Nest??? Nest Pensions destroyed my life for 6 months while I have kidney failure and a baby on the way My name is Natanael. I have kidney failure caused by hypertension. I have a baby on the way. Since February 2026 I have been trying to access my own pension money through Nest Pensions due to…
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My Pension Strategy / LGPS
Hi, As a novice in finance and pensions, I stumbled upon this site a few years ago which has proved invaluable. I appreciate everyone that has taken time to respond, advise or comment. Our situation. I took VR on 30th June and retired aged 59. My OH has gone part time aged 57. We have no debts and are Mortgage free and I…
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Money Moral Dilemma: Should I contact my late husband's ex, who's a beneficiary on his pension?
This week's MoneySaver who wants advice asks… My husband - we were married for 26 years and have two children - passed away last year. He was never good with money and had early onset dementia, and when he died he didn't leave much money to help cover the mortgage and other bills. He had a small pension, which I claimed.…
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Effective Tax rate withdrawals
Thinking on my position along similar lines to this thread. Current Situation - Still a long way from retirement in age, if not money. 44 Married. Me - £750K in SIPPS - Contributing circa £30k a year to get down to BRT Missus - £150k in SIPPS - Contributing £3.6k a year. Salary £32k so could be a lot more Combined ISAs -…
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Moving a pension from Aberdeen to a SIPP
Hello, I have a friend who is in his 70s and has a pension with Aberdeen. This man still does self employed work, earning a low wage and receives his SP (not full rate). He has been paying monthly contributions to this pension and now wants to stop and cash it in over this and next tax year so he stays in the 20% tax…
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Nest pension and alternatives
My partner is enrolled in nest with work with approx 44k but pays in additional 600 per month to it. We are aware of the 1.8 charge on contributions and I read some comments how poor the nest scheme is, but why? Is is worth her starting a new sip she also has a old workplace TPP scheme would that be a better scheme to…
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Thoughts on Delaying Claiming Civil Service Classic Pension
Hello, first post here, as I noticed some great advice on Civil Service pensions in the forum. I would be grateful for any thoughts or experience on my current dilemma as to when to claim my preserved civil service classic pension. Here's the situation: I turned 60 this year, so am eligible to claim my preserved Classic…
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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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To drawdown on DC or not- if it means High Rate Tax band.
A question for folks in a similar-ish position to me (and yes its a nice problem to have). 5 years to state pension DB pension edging towards High Rate Tax threshold A good chunk in a DC drawdown pension Inheritance not a big issue The question is about drawing down on the DC or not - especially if there is nothing…
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Rate my SIPP - ITV high conviction
EDITED 04/06/2026 : Please see page 26 for a SIPP holding update since the image below. :) A note about diversification: I know it’s important. I’ve done it all my life. Had plenty of bits and pieces of ETFs like VWRL. But sometimes you have to just go for it. That’s what high conviction means to me. “Diversification may…
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Missing 10 years pension
After leaving school I moved abroad for 10 years. I returned home and attended university in the Republic of Ireland until Covid. Since then I have been in poor health and have been on benefits. I am worried about missing the 10 years contributions when I was out of the country. I am seeking advice on the best way to make…
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Inheritance Tax
Hi All I am lucky enough to be in a very nice position financially, 70 years of age with a pension pot of 600k I have already took the 25% tax free element . I also have 250k in a S&S isa and me and my wife have cash isa,s approx 140k . The pension and S&S isa has accumulated 105K this year , my question is could I draw…
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Investing an inherited SIPP into a pension
I am just renewing my Will. I have a SIPP which i would like to pass on to my daughters, but I would like them to use it to give them more options at retirement time, as i have had. If what they inherit from my SIPP is paid into a SIPP of their own will it still be subject to income tax? Obviously I have no idea how much…
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Pension fund transfer from Norway
Good afternoon, I have a question, which so far I have not been able to find an answer for. I am in the process of being made redundant by the company I work for, who are based in Haugesund in Norway. They have been collecting pension contributions for the last 6 years such that, when we could setup a UK company we could…
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Pension drawdown
I have recently started to drawdown my Sipp.I was told by my investment company that I would receive the first payment on the 1 July 2026 ,it is now the 7 July and still no payment,the company are saying it is a tax issue,is this correct or are they just stalling
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: If You Have Registered For A … by MicKeat
4 July at 4:15PM
