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Effective Tax rate withdrawals
Thinking on my position along similar lines to this thread. Current Situation - Still a long way from retirement in age, if not money. 44 Married. Me - £750K in SIPPS - Contributing circa £30k a year to get down to BRT Missus - £150k in SIPPS - Contributing £3.6k a year. Salary £32k so could be a lot more Combined ISAs -…
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Nest pension and alternatives
My partner is enrolled in nest with work with approx 44k but pays in additional 600 per month to it. We are aware of the 1.8 charge on contributions and I read some comments how poor the nest scheme is, but why? Is is worth her starting a new sip she also has a old workplace TPP scheme would that be a better scheme to…
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To drawdown on DC or not- if it means High Rate Tax band.
A question for folks in a similar-ish position to me (and yes its a nice problem to have). 5 years to state pension DB pension edging towards High Rate Tax threshold A good chunk in a DC drawdown pension Inheritance not a big issue The question is about drawing down on the DC or not - especially if there is nothing…
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Rate my SIPP - ITV high conviction
EDITED 04/06/2026 : Please see page 26 for a SIPP holding update since the image below. :) A note about diversification: I know it’s important. I’ve done it all my life. Had plenty of bits and pieces of ETFs like VWRL. But sometimes you have to just go for it. That’s what high conviction means to me. “Diversification may…
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Missing 10 years pension
After leaving school I moved abroad for 10 years. I returned home and attended university in the Republic of Ireland until Covid. Since then I have been in poor health and have been on benefits. I am worried about missing the 10 years contributions when I was out of the country. I am seeking advice on the best way to make…
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Inheritance Tax
Hi All I am lucky enough to be in a very nice position financially, 70 years of age with a pension pot of 600k I have already took the 25% tax free element . I also have 250k in a S&S isa and me and my wife have cash isa,s approx 140k . The pension and S&S isa has accumulated 105K this year , my question is could I draw…
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Investing an inherited SIPP into a pension
I am just renewing my Will. I have a SIPP which i would like to pass on to my daughters, but I would like them to use it to give them more options at retirement time, as i have had. If what they inherit from my SIPP is paid into a SIPP of their own will it still be subject to income tax? Obviously I have no idea how much…
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Pension fund transfer from Norway
Good afternoon, I have a question, which so far I have not been able to find an answer for. I am in the process of being made redundant by the company I work for, who are based in Haugesund in Norway. They have been collecting pension contributions for the last 6 years such that, when we could setup a UK company we could…
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Pension drawdown
I have recently started to drawdown my Sipp.I was told by my investment company that I would receive the first payment on the 1 July 2026 ,it is now the 7 July and still no payment,the company are saying it is a tax issue,is this correct or are they just stalling
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Trace teachers pension
My wife was a teacher at a local college around 30 years ago. After maternity leave she didn’t return .. over the years we can’t recall receiving any correspondence re her pension . Even though we haven’t moved in that time. We have contacted Teachers Pensions providing all information we possibly can and all we’ve…
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Pension drawdown query
This discussion was created from comments split from: DB pension - take now and invest, or wait....?.
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AI pension advice
Bored at work the other day I started asking AI about pensions, I ended up with some pretty interesting theorys Now I'm a financial illiterate, I just go with what my IFA advises, they invest the money, I watch it grow. my IFA meetings usually consist of carry on mate, see you next year . I will be 57 next year. Last year…
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Pension: SIPP vs LISA Clarity
So, I have a workplace pension, its the minimum employers contribution, not the best provider etc and I cant change that, transferred any old ones too it and its doing its thing. I want to do more towards retirement now so weighing up which is better. Wow I am conflicted and confused,when normally when it comes to the…
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partial Pension withdrawal
Hi, Needs some advise or confirmation, I have a private pension with Scottish friendly, I've spoken with them today for advise on withdrawing partial funds under the 25% tax free rule but they've stated they do not offer this and only option is to pull the full pension fund and then re-invest what I would have remaining…
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Bus Employees Pension Scheme (B.E.S.T.) - please help
I've been helping my brother trace an old pension - it is the National Bus Employees Superannuation Trust Pension scheme, also known as B.E.S.T. which was active through the 1970s and 80s. It has taken a while as he has lost most of the paperwork, and to cut to the chase, it looks like he may have to go to the ombudsman.…
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Gov Petition - Require all state pensions to be paid monthly
open to be signed until 30 sept 26 https://petition.parliament.uk/petitions/759384
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Please critique my pension thoughts
Hi all. I am currently working part time and planning on retiring in about 6 months time when I will be 63. I have a DB pension (was final salary, now CARE) with current accrued pension of approx £43,000 payable p.a. at age 67, reduced to around £36,000 if I was to take it now. I also have AVC in same scheme of some…
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SIPP administrator / FCS
Hi My understanding, is that If a SIPP administrator goes bust , FCS only cover them for £85,500 as they are not a bank. If I have £120k uninvested cash in a SIPP, then the administrator goes bust, would I only be FCS covered for £85,500 or is there no impact to me as it is the administrator who goes bust and not the bank?…
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I give up
What's the point?
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Pension Forecaster - online tools
My wife has a SIPPS and just retired. At a meeting with her financial advisor she was shown a forecast of long her pension would last with different spend rates with her state pension and savings added in. I am retired and have a DB pension and savings and will get a state pension at 67. Are there any online tools that…
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 fro… by dobbers
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