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Gilt Income in SIPP
Hello, When holding Gilts in a SIPP, does the coupon payments and redemption payments just "appear" as cash in the SIPP account when they are paid, or do you apply for them somehow? Thanks
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State pension/tax codes
My state pension starts this week. I am already in receipt of a DB pension, which has a code of 1243L. Do DWP inform HMRC that the SP has started, so they can adjust the code on the DB? Or do I have to do that? If they do it, will it be done within a month? Then, probably after April, I will start to draw from a DC, so…
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Tax benefits for SIPP - additional tax rate band
I was trying to calculate the ROI for additional tax rate payers (45%) when they invest in SIPP from their net income. If the person invests 80 GBP, the government puts in 20 GBP in his SIPP account. He can then claim back 25 GBP in tax credits. So what is his total return in that year? Only focus on ROI in that tax year…
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Help needed for old and slow pensioner.
I keep reading about the new state pension, which I currently get, and every time I do a simple calculation the numbers don't align. For example my current pension is £230.25pw, so if I divide this figure by 7 then multiply it by 365 I get £12,005.89, but the DWP says it comes to £11,973. Likewise, the pension for…
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Getting slightly cold feet about SIPPs
Hi, I consulted the forum before setting up SIPPs for myself and DH accessible at 55th birthdays now aged 50 and 51. These are both fully invested in VLS lifestrategy 100% equity as at the time, the horizon was quite long. Plan is to use TFLS/PCLS as uni fees/help for children. Increasingly as we approach the time we could…
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Advice about retirement income
I'd be grateful to hear people's thoughts on retiring at 62 with £25,000 teachers pension and £13,000 annuity. (Net monthly of about £2,800). I know I might come across as spoilt as that is no doubt more than many people, and I know it all depends on outgoings. But I'd be grateful to hear from people who've actually…
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Government Pension increases
Percentage increases in the state pension should be replaced by the same financial sum for those on the new or old pension. Percentage increases leads to the financial gap between the pensions becoming greater year by year. Pensioners expenses remain the same which ever scheme they are on, older pensioners get relatively…
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Paying lump sum into pension
sorry I can t get my hand round it, I want to pay 30k lump sum into my pension, im 58 and earn around 60k and pay 15% into my pension 3% the company puts in, its stuck in an isa earning nothing so what tax relief will I get ? I don't understand the 40% bit how do I get it, and is it worth doing ? Thanks
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"Average Earnings Growth" and triple lock
The triple lock is based on the "Average Earnings Growth" figure for July 2025 (released in August 2025) and the CPI for September 2025. Does anyone know what the "Average Earnings Growth" figure is for this July? I'm finding it very difficult to track down and find out if it's the figure including bonses or not.
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Voluntary Class 2 NI while living abroad
Hi, doesn't seem to be covered in most headline bulletins of changes but can somebody explain in more detail please? Page 50 Page 108 Am I reading this right that the general class 2 eligibility will be removed (subject to final approval) from 6th April 2026. What I don't understand is the second bit about the 10 year…
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Teachers Pension - Take at 55 or 57/58
This reads that if you are currently say 45 and a member of Career Average only, you can still claim everything at age 55 even though your NPA is 68. Is this correct? Change to the Normal Minimum Pension Age On 6 April 2028, the Normal Minimum Pension Age (NMPA) will increase from 55 to 57. This will impact the age at…
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Rights to pension after death of same sex spouse
My husband died recently. He was 62. He had 2 workplace pensions. He retired early in 2017 and was receiving both pensions monthly. He had nominated me, his spouse, to receive a widowers pension for both of these pensions. We married in April 2018, but had been living together as a couple since 2004. Obviously it wasn’t…
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Keeping paperwork.
I pulled out my pension files today, the stack is almost two feet high and that is even though a lot of stuff nowadays in electronic. I’m not usually a hoarder but obviously 18 months and 6 years rules don’t apply as problems can still appear after 40 years, even after the pension is in payment. I have started by throwing…
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Timing the Market
I know this is not something generally recommended, however, given the talk of market crashes and market corrections would it not make sense to lower the investment risk for the short term? I am due to fully retire in 6 months. I currently have a diverse pension portfolio, 57% of which is in stocks. I do have a 2 year cash…
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Widows state pension
I note with interest the Chancellors promise to Martin Lewis that pensioners whose only pension is the state pension will not have to pay tax on this pension for the duration of this parliament. I have a friend who was recently widowed and is in receipt of only a state pension. However this pension is already just above…
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Gifting from excess income as a couple
My wife and I have a joint accounts and a joint credit card. As well as that we have our own ISA’s which produce some income and we also make small lump sum withdrawals from a SIPP (approx £10k per year but generally for one off spends over the last couple of years - e,g. Daughters wedding, special cruise) By far the…
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LGPS AVC STRATEGY
Hi, Do you have to take your full AVC lump sum when you retire or can you leave it invested and live off other savings/LGPS pension for a year or 2? With a 100k AVC, can I take a 40k tax free lump sum and max out 2 ISA's? If so, what happens to the 60k balance can i take that tax free whenever i want? or does it have to be…
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All world tracker
I am restarting my investment at a later stage in life and it had taken me a long time to take the leap to move from over 25 managed funds into one all world Index tracker. The rest of my money are in savings and outside the ISA as no allowance left . As the fund value has dropped so the ration is 55/45. I have a separate…
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HL SIPP - Inundated by Drawdowns?
Does anyone else have this same problem? I have just started to draw my pension from HL. I am going to have to rely on this mostly until I hit the state pension age. First withdrawal was a difficult process for me to follow, but things are when you do them for the first time. But it did at least go through quickly once I…
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Tax on State Pension
At the moment, there is no P60 or statement of tax paid on Gov.org or anywhere else. As the government are going to tax us and more people have to complete tax returns, will they now have to issue P60s?
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
727 discussions
6.3K comments
Most recent: Voluntary NI contributions cut off 2025 by Silvertabby
19 December at 7:04PM
