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Need advice re combining old LGPS and new LGPS
Hello, I'd appreciate any advice (or re-direction for advice) specifically about the benefits / disadvantages of combining LGPS pensions. At present, I have three, two deferred and one current: 1) 2006-2013 2) 2013-2014 3) 2024 - present I've had a letter from my current one saying they will auto combine them if I do not…
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NHS Pension overpayments
I don't know whether anyone else has had this issue: In May I was surprised to receive a letter from NHS Pensions, telling me that my pension award has been revised (I retired in 2017) because my previous employer notified them of a change to my pension entitlement, meaning that I had been overpaid. They also said that my…
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ii - how to list all funds and ETFs they offer?
Most SIPP platforms let non-account holders list all funds available on the platform, for example this for AJ Bell https://www.ajbell.co.uk/market-research/screener/funds I can't see anything similar for ii though - only list of the top 10, etc. Am I missing something?
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How much admin to move all tax free lump sum to GIA & drip feed ISAs in most tax efficient way?
My DC pension is a little over the old Lifetime Allowance, meaning my lump sum is above the newer Lump Sum Allowance. From 55 I have been taking £20/40K out each year to put into mine/partner's S&S ISA's to allow it to continue to grow tax free. I'm left with around £150K of my TFLS still in my pension (as I also spent…
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Standard life changing fees without notice
I've been a long time lurker of these forums, but this is the first time I've needed to post a thread! I have a standard life pension through an old employer which was originally set at a charge of 0.4%, discounted from the standard fee of 1%. When I left that employer, I was advised by standard life I'd keep the discount,…
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Bridging gap between retirement and State/DB Pension - SIPP holdings
It would be great to get to get some ideas please! As a background: 52, married no kids, no debts, mortgage free. I have been a fairly low earner all my life so I don’t need to fund a lavish lifestyle. Always been a basic rate tax payer currently earning around 28k. Have full state pension. Lucky to be in an LGPS (LPFA) DB…
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Company cut payments into my company pension, help.
Hi I contribute to a company pension through a salary sacrifice. I have recently discovered that about two years ago, the company started paying a much lower amount into my pension. Yes, I know I should have spotted this at the time but I didn't. Nor did anyone else in the company, and I have discovered that this affects…
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Managing adjusted income and annual allowance
Hi. I would appreciate some views, it’s a first world problem I know… Firstly, due to a one-off bonus windfall I am likely to have total taxable income of around £220k this year. That includes a small amount of P11d benefits (healthcare) and is after my normal pension contributions to my DB via salary sacrifice. Secondly,…
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Tax free lump sum pension recycling rules
Hi there - looking for some insights and opinions from people who have encountered similar to the situation I find myself in. I am on the cusp of retiring at 60 and have just taken a significant tax free lump sum from my pension pot but have not triggered the MPAA as I haven’t taken any of the Taxable remainder which is…
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Early Retirement and the McCloud Remedy
I retired early from the Civil Service under VR terms in August 2022, using my redundancy payment to buyout the reduction so I could take my Classic pension early. I was under the ERA for my Alpha pension at the time, so this was automatically deferred. I was told at the time I would get my remedy options once they started…
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Aviva Fees
Some time ago I had an email from Aviva telling that they were changing their fees. They now charge a flat 0,35% on you portfolio up to 500k and then nothing above that. They now also scalp some of the interest on any cash that you may be holding in your accounts as well. I was paying the flat maximum fee of £10 per month…
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Tax free growth on inherited pension
After all the inheritance tax is paid etc, does the money on an inherited pension still grow tax free ?
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NHS Pension Calculation
Hi Any experts in NHS pensions and calculating what the payment
should be based on the yearly percentage increases? In the process of tracking down all my wifes old pensions.
She worked as an NHS carer from end of ’98 to beginning of ’05, then private
sector care roles since. Contacted NHS pensions and we now have access…
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Working out civil service widowers pension refund of contributions
Hi Hive Mind I am an ex civil servant who plans to retire in May 2026 aged 60. I am a deferred member of the pension scheme. From the MYCSP pension portal calculator I have a fairly good idea of my expected pension, however I have requested what my widower pension refund contributions will be (to no avail at present) I…
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NHS pension - claiming and timescale for receiving it
Hi all I am looking to leave my NHS employment as soon as possible, and it would be helpful to have as little delay as possible in receiving my regular monthly pension. The NHS pensions service website suggests starting the process three months before the planned retirement date. I understand that it is ideal to be able to…
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SIPPs - eventual access to Private equity and Private credit?
This will only be of interest to a very small ( informed) cohort on this forum who may eventually wish to explore the possibilities when these become approved for SIPP investors. For those who have an interest in Private markets, they have effectively been closed to anyone who did not qualify as Ultra High Net Worth.…
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Who does my pension company invest in?
I'm trying to find out and want to ensure their investments are ethical in my view. This kind of touches on politics, but I don't want to discuss that and will not respond to any political questions as it's not allowed here (quite rightly) so....... I am 66 and retired and like many, have a few workplace pensions. One is…
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Contracted out National Insurance Contributions
I enquired why I was receiving a reduced state pension and was informed that it was because I was contracted-out of the state scheme for a period. I have 46 State Pension qualifying years however, apparently for 14 of those years I was contracted-out and was totally unaware. To get the full basic State Pension you need a…
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SIPP and ISA savings and tax efficiency
Hi, I've turned 50 this year and have finally started to try and put a bit more thought into retirement planning, beyond just "make sure I pay into a pension and have some savings". I'm considering early retirement in my early 60s. I have two questions if anyone can assist. 1) It seems to me that saving more into a SIPP…
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Carry Forward contribution on SIPP
Hi, I didn't use the £3600 allowance that I can contribute to my SIPP last year. Can I carry that forward and contribute £7200 this year? Is there anyone I need to inform, such as HMRC, if I do this? Thanks.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
699 discussions
6.1K comments
Most recent: Guide discussion: Voluntary national insurance contributions by molerat
4 August at 11:28AM
