-
Allocations and wrappers
Hello We're hoping to retire in the next few years and I have worked out a cashflow ladder allocation across cash/cash-like things, Ruffer, VLS60, a global all cap fund and a dividend-paying equity fund. What I'm struggling with is how you marry that up with the different ways we'll be holding assets- my husband's pension,…
-
MI Group Pension, lost their details how can I find out ?
The MI Group in London sold me a couple of pensions/investments back in the late 80's early 90's. Due to a divorce and moving house more than 5 times since, I have lost their details. I have done an internet search on the MI Group with no results. I cannot find who owns them now or even a telephone number. I have been on…
-
UPFLS versus Drawdown
Assuming the state pension uses up your personal allowance, and IHT isn't an issue, I can't see any difference between Drawdown and taking the Lum Sum from a UPFLS and investing in an ISA (assuming tbe pension and ISA are invested in the same funds). I've modelled in on taking the same net income over the same number of…
-
Teachers pensions say my husband needs to repay £18000!
Yesterday my husband received a letter from Teachers Pensions stating that 15 years ago he was paid £18000 too much pension. Apparently this is supposed to have happened over 3 years. The dates and figures they have quoted make no sense to us. They have sent an invoice for repayment at once or at a rate of £2000 a month!…
-
HRP
I am a little confused regarding HRP. My daughter was born on 9 May 1985. I have gaps in my NI contributions for that year and when I have queried this before, I was told they can only look at whole years. Why do they not look at part years?
-
Pension vs ISA vs current income
I could do with some help on working out how best to proceed in terms of allocation of saving for pension vs. ISA, and what a realistic retirement could look like. I have played around with Guiide extensively but am still somewhat confused. We were both aiming to retire in 10 years, which would make us both 55. Clearly…
-
nhs pension and start date query
I became an nhs employee around 1987. Due to paperwork errors by admin, I didn't get paid for a few months nor did my superannuation pension get off the tracks. I signed up to a private pension (contracted out of SERPS) in 1990. I then closed off the private pension in 1994, which bought 3 years of nhs pension and I've…
-
Are the big funds all the same?
Dear all, I really just don't have the time to actively monitor my pension funds so for the last few years I've got the lot (£236k) in Vanguard Life Strategy 100. I'm happy with the equity risk profile, I understand what the fund is/does and I'm aiming to retire between 5 and 9 years from now. I have 2x that in company…
-
Civil Service ABS 2024-25 issued
Just to flag for information that I got an email today to say that my 2024-25 Annual Benefit Statement is available on the Pensions Portal. I'm an active member. There are two versions - one standard (with the McCloud period included in previous scheme i.e. Classic for me); and one alternative (i.e. McCloud period included…
-
Lost workplace pension
To cut a long story short, I left TNT logistics back in 2004 for a job closer to home. I had a pension scheme with them which was run by Scottish widows. Fast forward to this year I will be 55 in November and wanted to see if I could take an early retirement and ask for the retirement pack. Scottish widows sent me a letter…
-
Claiming pensions is UK and US
Does anyone have any knowledge of being a UK citizen and claiming Social Security benefits via thier ex-husband? I have heard that due to the WEP agreement, the claim for SS will be reduced if you claim a UK pension. I need to find this information to complete our financial order etc.
-
Increasing pension contributions v paying into stocks and shares ISA
Hi all. Would appreciate some advice for future investment strategy involving my pension given the tax relief benefits. In short, is there a tool I can use to compare the returns based on investing in tax free stocks and shares ISA v increasing pension contributions with 40% tax relief, 25% tax free drawdown aged 58 and…
-
Pensions contributions as Employeer or Employee
I run my own LTD. My Income-expense is 50k I have taken 18k out in PAYE, (claiming EA as more than one employee) (1,084.20 tax, 434.40 NI) This leaves me with 32k in profit this leaves 25,920 after corp tax. If i take as a DIV i pay 2268 in taxes on it. leaving me with a take home of (16,481.40paye + 23652div) 40133.4.…
-
25% Tax-Free Lump Sum Query...
Hi, I have taken my 25% tax-free lump sum from my private pension some time ago. Since then, I have added some extra contributions to this pension. In the future can I claim a 25% tax free lump sum from these additional contributions. Thanks.
-
Investment v Savings when retired
I retired last year at age 53. I have two main sources of Money one is in a IPP that I have now switched off the auto trading features and I manage myself so it’s operating very similar to SIPP. The other is a collection of savings accounts ISA and non-ISA. After my last tax return inland revenue wrote to me saying I no…
-
Civil Service Pension - Can You Trust MyCSP?
I first submitted an application for a 'deferred' pension in November 2024 with an agreed payment date of 3 March 2025. After nearly 9 months of continued incompetence I have still not received a correct pension payment. I have had 3 x re-quotes, a period when they claimed I was not entitled to a deferred pension and once…
-
So confused... planning to retire at 67, redundancy means I have to take my LGPS pension at 58
Hi, I am being made redundant on 31 Aug at 58 years old. I had no intention of retiring as I simply cannot afford to. I have only been part of the LGPS for 7 years, no other pension. Apparently I have to start taking my pension, and therefore have to choose between the max conversion option of a lump sum and reduced annual…
-
Civil Service Pension - Retirement Modeller Download
Anyone know who to download the results of the modeller? I've tried to "print as pdf" but it just prints a blankish piece of paper with all details set at zero - I presume the modeller is dynamic so doesn't store the data. I could do a screenshot - but it's for a mortgage application so not ideal. Anyone had similar?
-
All my eggs in one Aviva basket
I have my entire DC pot split across 2 funds within Aviva. Minimum 12 years to run until I could start drawdown. I have started a new role within the Civil Service and will no longer be contributing to my DC pension. So my question is should I consider moving some of this fund to HL or another to hedge my risk in terms of…
-
Combine Fidelity Pension with ii?
Afternoon all. I have a SIPP with II currently invested in HSBC FTSE All
World and worth approx. £150k. I also have a workplace pension with Fidelity invested in
their “Global Equity” fund and currently worth approx. £400k. The factsheet for the Fidelity Global Equity
fund states that its breakdown is: L&G All World Equity…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
703 discussions
6.2K comments
Most recent: HMRC call back wait times by molerat
29 August at 10:37AM
