Pensions, annuities & retirement planning

How does this work. I have a Vanguard SIPP with money invested in a fund. I want to transfer the SIPP to T212 and I know the same fund is not avaliable in T212. There are similar funds. Are the funds in Vanguard sold and held as cash before the transfer and then new funds purchased when the Transfer is complete? Anyone…

I transferred a SIPP to Freetrade from Vanguard containing just the Vanguard FTSE Global All Cap. (VAFTGAG) I assumed it was completly free in terms of platform charges (my reason for moving) but now have discovered that cash withdrawals are £240 a go. That's fine - I'll transfer it back to Vanguard when I want to start…

I currently have three DC pensions workplace pension - Royal london old frozen pension with Aviva that won’t let me consolidate as it has some benefits I can’t find out and anyway its only £18k (quite annoying honestly) SIPP with Fidelity currently I do partial transfer from RL to Fidelity which is where most of my funds…

My wife and I moved our pensions to True Potential back in 2021, upon the (verbal only) advice of our IFA at the time. After a couple of years, I realised that this was a mistake and eventually moved everything over to a DIY platform and happily manage this all myself now. I didn't complain at the time, just wanted to move…

I receive a payment each 3 months from my Occupasional Pension along with my State Pension. Is it possible to withdraw my occupasional pension as one lump sum ? Finishing the 3 monthly payments.

Hi, my brother is due to receive a beneficiary pension and as I have Power of Attorney for his finances I am looking for SIPP providers who would be willing/able to receive the pension and allow drawdown when he needs it. Does anyone know if there is somewhere I can get a list of providers that do this or any providers…

If you are currently in receipt of a TPS pension, I would strongly advise you to check your most recent payslips. There is a big bug in their system meaning they have cocked-up how they've applied the latest Index-linked increase. In my case, their error has cost me over £15,000 pa, yet nobody at TPS is prepared to help…

Good morning I am about to start drawing on the smallest of the three pension pots I have. I am currently 63 and out of work since redundancy last year. Generally, we are OK for money with 3.5 years to go until state pension age. I was about to move forward with an income drawdown arrangement on the smallest of my 3…

CAN I RETIRE TODAY? DOB: 9.10.68 AT 60, I WILL RECIEVE MY CLASSIC CIVIL SERVICE PENSION; IT PROVIDES A 40K LUMP SUM PAYMENT PLUS 13 K PER YEAR ANNUAL PENSION. I HAVE 230K IN MY ISA (50K IN A MMF AND 180K IN THE FTSE GLOBAL ALL ACP (ACC)) I ALSO HAVE 21K IN PREMIUM BONDS. I ALSO HAVE ABOUT 10K IN MY CURRENT ACCOUNT. I NEED…

I am now in receipt of SP and DB totalling £22k. I have taken my TFLS from my SIPP to help fund a property project and the balance is about £270k. OH continues to work as she enjoys it. I am considering taking enough to utilise my BR tax band each year until the SIPP is cleared. Our estates will pay IHT. We have a French…

I have a letter from HMRC advising of small weekly payments due to me from my late husbands private pensions. One was a company pension and I am receieving the 50% widow benefit which I believe includes the COD amount. The 2nd pension was only guaranteed for 5 years and they stopped paying it some time ago. - Needless to…

My wife has transferred her SIPP from HL to ii. The funds and cash have all landed in her ii account and she received a P45 from HL on 19 March. However ii say that she can't yet make withdrawals because they are awaiting a Final Transfer Summary from HL. She has asked HL to expedite this and received a holding response.…

£375,000 pension pot converted to a fixed term annuity over 25 years = £ 28,800 a year. Drawdown approach at a 4% withdrawal rate = £15,000 a year. With decent cash pot invested in an ISA alongside this, What am i missing here? Is this a no brainer?

Does anyone know which providers will allow a payment under the small pots rule for a SIPP? I can see both AJ Bell and HL do - but is there anyone else who does?

I work in local government and when I turned 58 I started to pay quite large monthly sums into a cash AVC. At 60 I took flexible retirement, took my pension, and 100% of my AVC as a tax fee lump sum. I continued working ( part time) and rejoined the LGPS, and started a new AVC, into which I pay most of my new part-time…

I'm 45, still about 15 years from retirement. My wife and I are directors of a small ltd company, no other employees. Have been making significant company pension contributions for a number of years, but a significant drop in turnover and rising expenses over the last 14 months has meant we have had to cut costs, including…

I've been taking my State pension for three years now, but have a pension pot of about £12k ( I have others but it's this one that I'm considering using). If I suspend my state pension and draw an equivalent amount from my crystallised pension pot as drawdown, my income would stay the same- just under the 0% threshold.…

Hi, I recently applied to make a withdrawal of £3000 from a drawdown account. Unfortunately, the provider’s confirmation letter was put in my junk folder, so my first knowledge of the transaction was when payment was made, but the payment was incorrect, the provider had transferred the full balance of the account, nearly…

Hi. I have searched the forums on this subject but the latest post I can find is 2011. Is there anyone in here with experience of Spanish tax for people who want to get residency. I am due to retire to Spain at 50 and cannot access my pension until I am 57. I was hoping to take a lump sum at 57 of £250k but it seems I will…

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…