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Help Please - Bonds Asset Allocation
I'm currently being really indecisive over how I will choose and allocate to Bonds in my Portfolio for retirement. Looking at ~35% allocation to bonds. Currently 7 years away from retirement, and expect to draw down from that pension for rest of my life, some potential for an annuity purchase during my lifetime but no…
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French pension - claiming for first time
Hello, I'm asking a question on behalf of my husband, who wants to claim his pension for working in France for a couple of years. When he goes into the 'Demander ma retraite' section on the L'assurance retraite.fr website, he is asked for his Social Security number and password. But he has no password. There is an option…
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USS - please tell me this is not as bad as it looks.
Clueless again here! Very grateful for any help. Husband and I are getting on top of pensions way too late in the day. Both USS. Husband earns £85,414 a year gross. We have not paid in any AVCs to date. He is about to turn 53. Current retirement projection at 66 is DB £36,357, lump sum £109,072, investment builder…
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Pension
Hello, wanted some advice, please. Person, 32, not paid into pension since about 2024, got own business from then. Has £2,615 Scottish widows £3,880 People's pension £1,773 Nest account. Should the amounts all be put into one? Which one would be the best? The minimum should be putting into pension monthly? Thank you for…
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SIPP - already using UFPLs - can I now use PCLS
Hi, I've taken lump sums (UFPLS) from my SIPP with AJ Bell a few times. Now considering, if I can, going into PCLS (Pension Commencement Lump Sum) i.e. taking 25% of the current SIPP total tax-free and leaving the 75% in the SIPP which will subject to tax when I withdraw. Is this legit with HMRC? Any advice gratefully…
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Switching from Employer Contribution Pension scheme to Salary Sacrifice
I have just received a letter informing me that the company is switching from employer contribution to a salary sacrifice pension scheme. We were previously contracted to contribute 5% and the company 4%. There has been no mention of the employer contribution being switched over to the new scheme. Are they obligated to…
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Can I really not move my pension without paying a Financial Adviser?
I have two pensions, the Standard Life fund hasn't performed well, so I intended to move it in with the Pru fund (M&G) ...but Pru won't accept the transfer unless it's done with a financial adviser, and that 10 minute email exchange is going to cost me about 3% of my fund, approaching £3K If I find an entirely new pension…
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Did I get it right this time?
A few weeks ago, I posted a very confused thread trying to figure out how much we should contribute to my husband's pension to make full use of the amount of tax relief he would get at 40%. My post was incredibly confused and contained almost none of the information that was needed. People were incredibly kind and patient…
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Tax on deferred pension lump sum?
I'm a UK taxpayer, aged 74, and have been deferring my state pension as I still work part time. I am now considering taking the accrued lump sum together with the standard weekly pension, rather than an increased weekly pension. The lump sum will be in the order of £100,000K. I currently pay tax at the standard rate of…
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Missing Pension
Looking for clues from the forum.... I worked for The Blackpool County Court (Lord Chancellors' Department) between 1990 and 1994. I paid into their pension scheme but cannot find it. I have been down the avenues of Government Pension Finder, Gretel and Civil Service Pensions plus HMRC who replied saying there is proof at…
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£3 million pension pot
For a comfortable 25 year retirement in 2065 (real terms). https://www.cityam.com/gen-z-will-need-at-least-3m-to-retire-comfortably/
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Taxation of inherited annuity
Like many on here at the moment I'm giving serious consideration to buying an annuity with all or some of my crystallised drawdown fund. I'm looking at 100% spouse pension as my wife has little pension provision of her own but need to be absolutely clear on the tax treatment in the even of my death. My reading of the…
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CIVIL SERVICE PENSION PORTAL Question
After 50 years of service in RN (24 years) and Civil Service (26 years), will be taking full retirement from Civil Service on April 06 2026. I am already in receipt of Classic Pension, which I received in March 2020 when I turned 60. In 2020 I reverted to partial retirement, working 3 days initially and then dropping to 2…
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I opted out of serps
I remember opting out of Serps around 1986-1988 as part of my endowment mortgage. I was told by a family member that once I hit 55 I can claim the money that I'm missing. Does anyone know how I go about doing this please?
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Anyone with an AJ Bell SIPP and Drawdown?
Currently, I have arrangements with a couple of platforms which work well. I use both AJB (ISA) and HL (SIPP/Drawdown). I’ve used both long enough now to know how they work. And just to say up front, I’m overall happy with the service received from both. Turning to SIPPs, my current arrangements are with HL where I have…
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Taking Max Lump Sum Available for IHT Purposes
This is a hypothetical scenario......... We are generally advised not be tempted to take the whole amount of available tax-free amount from our pension pots. However, if you have combined assets worth circa 3 million (SIPP and Property), you and your spouse are aged 70 and have not started any drawdown would taking some…
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Offer from Morrisons Pension
My son works at Morrisons (Supermarket). He has received letter to take a 'One-Time Winding -Up Sum Offer to Take your RSP (Retirement saver Plan) Section benefits as an Immediate One-Off cash Sum'. (Italics bit inserted by me). He doesn't understand the letter. Neither do I. My main question is: Will he still be in any…
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Early retirement and filling the gap
I (F, 63) have been retired for a couple of years. I currently have small LGPS DB pension and am drawing down from my DC pot at ca 7% (I plan to reduce this once I start getting state pension). OH (M, 57) is currently working full time and paying into USS. As well as the DB element he has built a small amount in the DC…
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Exceeded Annual Allowance
Hi Looking to have taxes sorted and filed due to exceeding pension annual allowance £300-£400. An error due to an old statement from pension provider. So my calc was slightly off Preference to minimise income to £100K. Maybe some gift aid carry back. Has anyone had any experiences in this area? Am I best to go to a tax…
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Pension Lump Sum Charges
I have a private pension and want to draw down my tax free lump sum but my provider says I have to pay 3% of its worth to them for mandatory/statutory advice that I really don't want. Do I have to pay this?
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: Delays for P55 tax refund from HMRC by Fishingtime55
22 October at 9:39PM
