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SHORT FIXED TERM INCOME PLANS
I would like a short fixed term income plan for 2 to 3 years. I just want to de-risk what i have for that period while still creating some revenue. This works for me as it keeps me under my personal tax allowance. Having completed a quick internet search legal and general seem pretty good and also seem flexible. Looking to…
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CS Alpha annul allowance Calc
Am I right today's inflation figure lets us do an annual allowance calc for CS Alpha. (1) Take annual payable amount as at April 23 and uplift by 10.1% (2) Take (forecast) annual payable at April 24 and uplift by 6.7% (September CPI) Deduct (1) from (2) gives annual pension input amount?
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Cash in SIPP, when to take the plunge?
I've recently paid some inheritance cash into my ii SIPP, up to my annual limit so roughly £40k. Along with some cash sat in an ISA, I wanted to get this invested in a global tracker but with the current troubles in Gaza etc and with Iran now starting to make threats I'm kind of thinking it may be a bad time. I know drip…
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Can you specify an exact date to claim state pension?
This is hypothetical at the moment as I'm still 15 months away from state pension age but although I know you can defer your state pension, can you actually specify an exact date you want it to start? The reason I ask is because I reach 66 just a few weeks before the end of the financial year (8 ish). Rather than have the…
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Best date to retire and claim state pension - advice required
I am eligible for state pension early April next year. My question is should I retire exactly on my birthday or after or at financial year end. The ideal for me would be retire mid March but does that have any great effect on payments?
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Total pension contributions advice- moving from unemployment to employment
Hello I am a PhD student and have been since 2019. I am not employed by my university, so I earn a stipend not a salary and I don't pay tax. Considering this, I can pay £2880 of my own money into a private pension, plus tax relief, total £3600 each year. This is something I have been lucky enough to be able to do, but this…
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Higher tax payer nhs pension and AVC! Help
Hi:) I work in the NHS and have been working lots of extra hours which is fine as I actually love my job and like the additional money for holidays etc. however the extra hours have tipped me into the higher rate tax bracket (40%) and aside from a large tax bill I know need to pay I started researching how to minimise my…
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how safe is safe ?
Hi all, as explained in my previous threads, I am approaching 63, still working, and about to access a DB pension (taking the max TFLS) since 63 was the NRA of the scheme I was in (a former employer). I will also qualify for a full SP at age 66 and 8 months, and access a Civil Service DB (Alpha) pension at that time too.…
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Tax Relief on Pension Contributions
Evening all, I was hoping I could get some advice on whether I am due tax relief on my pension contributions. I live in Scotland and work as a teacher, paying into a SPPA pension which is deducted from my monthly wage. For 2022 - 2023:My gross pay was £60,095 and my pension contribution is 10.4%. It appears to be deducted…
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Fidelity SIPP tax relief payments
I’ve had a Fidelity Sipp a few months now, my pension relief is pending - no issue - question is will the cash on receipt be automatically invested into the index fund or will I need to manually login and do it. My current strategy is a direct debit, automatic buy and forget.
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IFA fees on pension pot
I am 67, retired and have a pension pot of around 500k to which I no longer contribute. It is currently with AJ Bell's Passive MPS 3 fund which is not currently giving much of a return. My fees total 1.06%, 0.5% of which goes to my IFA. I should not need to draw on the money for at least 5 years. My questions are a) would…
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Local government pension
If looking at two jobs at a similar salary. How much extra would you say the lgps is worth over the normal peoples pension scheme?
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Desperately need some Pension/Retirement advice
Hi
Everyone, I’m really hoping that I can get some advice
in here, or even just advice on where to get the best advice. I
‘know’ that I should have got a pension years ago. But, fear of
doing the wrong thing has meant that I haven’t. Here’s
my/our situation. I am 48 (almost 49). My wife is 56. We
live in the UK. My wife…
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Bucketing strategy. When to de-risk?
Hello, very much leaning towards a ‘bucket’ strategy
regarding my pension. Currently all in on global equities. How long before
retirement would it be prudent to start shifting part of my funds into three
buckets? Now? Or closer to retirement? Bit more info… 52 now, planning to retire at 60. With reasonably pessimistic…
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Should I buy more pension
I wonder if someone can advise me.I'm £61, earning £39k but I have only accrued about £7,000 on my LGPS to date through automatic sign up. I have a bit of spare cash each month. Is it worth buying extra pension?My employer won't contribute any extra. If I buy £1000 a year extra pension - it will cost me £400 per month for…
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Pension Tax Relief Payments
Hi, any help or thoughts would be very much appreciated. I finished work in Febuary 2021 to look after my father so have been using my savings to live on together with a carers allowance of £270 a month. I had been paying into the works pension for a few years but not in great amounts. In October 2021 I opened a personal…
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Alpha Pension - AVC''S or Additional Pension?
I joined the Civil Service in Dec 2020 at age 47 with no previous pension and was enrolled in the Alpha Pension scheme. I opted to pay an extra £50 in Additional Voluntary Contributions to help build it up due to the late start but have since found out that this doesn't increase my pension as such, but is a completely…
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State Pension final stamp contributions
Hi, I received my state pension amount letter which was not the full pension amount I thought I would get when I retire in December. When I contacted the Department for Work and Pensions they informed me that I had not bought back enough years and that I would have to buy back a further year having already bought back 3…
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Tracing the pension pots of a deceased person - is this even possible?
Many years ago a boyfriend left me his pensions when he died (we lived together in my house his mother lived in his and he left that to her, everything else to me). . A letter came to the house about a pension he was paying into so I contacted them and it paid out and life moved on At the time I was distraught and thought…
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L & G Workplace Pension
Hi I'm a first time poster . I have been reading recent posts about poor fund performance and would appreciate some thoughts on my husbands workplace DC pension. Started in default fund in May 19. Its L and G Pmc multi asset 3. He is 95% sure he is going to retire next year at 57 so has invested regularly into it plus…