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I feel like retiring at 60 - 65 is too old
I'm sorry if this comes across as insensitive to our older community members but I'm 31 and absolutely hate the thought of retiring at 60+. Assuming I even live to 60, it feels like it's kinda too late to start enjoying your freedom? Your health deteriorates exponentially as you get older, I mean I still feel as young and…
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Overpaid by 14 years !!
We have just had a visit from dwp today stating that my husband has been overpaid on his old age pension by £65 per week which they calculated at the time ,now they have dropped the bombshell that he owes them £38,000 from 14 years ago !! Can this be right ?? We are absolutely devastated as it is their mistake. Anybody…
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Capita Data Breach/Barings
I’ve just had an email from (Removed by Forum Team), Head of Data Breach at Barings Law advising that he is moving to Abbleys Solicitors and taking the Capital Data Breach case with him. Has anyone else received this? Wondering what the implications of this are? Thanks
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Are our basic thoughts right regarding SIPP of father, who died age 72?
Hi, firstly I want to say that we are going to engage an IFA to assist mum with the entirety of Dad's estate once we are a bit closer to probate being granted, and we have spoken to a couple over the phone, but both IFAs suggested waiting a bit longer to have a sit down discussion so we have a more concrete idea of her…
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UK state pension while living in Brazil
I am a UK citizen by birth. I have now reached pensionable age and am eligible for a state pension based on voluntary contributions. I am fiscally resident in Brazil where I have a Brazilian pension. If I take my state pension payment in Brazil I believe I will lose index-linking. If in the future I relocate to an eligible…
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HL fees reducing
Interesting that HL are reducing their account fees - e.g. for SIPPs and ISAs from 0.45% to 0.35% for first £250K https://www.hl.co.uk/help/income-and-fees/fees-explained/fee-changes Maybe the ii and A J Bell TV adverts are having an impact! Still any reduction is welcome But there is now a £1.95 charge per trade…
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Planning retirement
Not the boring financial stuff, but how much effort do you put into planning what you will do in your retirement? And maintaining that plan when you're in retirement? For those retiring or thinking about retiring in the next year or two what are your big plans/adventures, because I find that if you don't have any people…
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Hargreaves still on a go slow
Wife has requested a TFLS and had an email this morning stating they are very busy and her application will hopefully be actioned in around 20 working days, which probably means late January. It’s a good job she didn’t leave it till February/March as that would mean her drawdown account would be virtually empty after the…
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Is II a no brainer
Hi I am gearing up to drawdown. I have SIPPS with Aviva and HL. Both have been easy use platforms BUT Aviva Annual fee £875 HL £1125 (+ £450 for spouse small pot) II £156pa on any size pot. (figures from Which) So where's the catch?
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Gilt Ladder In Pension Fund
To diversify my portfolio a bit more I'm investigating building a gilt ladder. I have no need of this money within the next ten years since I "pay" myself out of cash that I hold in the SIPP and my MM fund. With that in mind, would a ladder be a bit redundant and maybe should I just split it across T31 and TR32 with that…
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FISCAL DRAG: When is the number not THE NUMBER
Jane Blogs worked and saved hard and retired at 55 in 2021. She had lined up inflation linked pension (including state pension) so she had £50270 in real terms for the rest of her life. Comfortable right? She had not anticipated the freezing of tax allowances though, so will she really have her number to spend in real…
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New CS Pension website - are previous ABS no longer available?!
So I set up an account with the new online CS pension portal but it seems that previous ABS (annual benefit statements) are not available. Seems like a bit of an omission. I don't remember being advised to download the old ones before the old website closed. It also seems to have 'lost' my beneficiary nomination. It is…
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Why Am I Forced To Use An IFA to Convert My Personal Pension Into A Flexible Drawdown ?
I have a personal pension plan that I want to convert into a flexible drawdown. I have tried to do this myself on-line but every provider insists that I do it through an IFA. I am being quoted around £5000 for an IFA to do this for me which is ridiculous given that I know exactly what I'm trying to acheive and need very…
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Money markets
How do people use these like the Royal London short-term money market which looks like it’s been paying 4.6% though I guess going forward, it’s gonna be more like 3 1/2 to 4% ? do you use them as an alternative to ISA savings, or for the short term between changes in your investments while you are waiting for a favourable…
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Capita gets final approval to take over admin of civil service pensions
Saw this article earlier today: Capita gets final OK to run Civil Service Pension Scheme It may just be me, but there certainly seems to be quite a bit of "if all goes OK" fingers crossed in there ... !
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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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37 years old - My current situation and savings/retirement plan
Hi, I wanted to make this post about the journey I've been on in the last 15 years and how throughout the journey there are many times where I've felt off-track and wondered when will be the day I can see that my saving/retirement planning is beginning to work for me. It is a long thread and is meant to help others who may…
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Accumulation vs distribution
I think I understand the core concepts here that accumulation reinvests dividend to focus on growth and distribution pays dividends to focus on income. But can someone explain how this works out as an example giving say Vanguard life strategy 100 with £500,000 in a SIPP within interactive investor over a 5 to 10 year…
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Future Help with Cognitive Decline
I'm approaching retirement and one thing that is playing on my mind is care for when im hopefully much older, but less capable. I'm not married, have no children, siblings or close relatives. I'm well aware of how my mom struggles with basic things, especially banking, accessing benefits via DWP, understanding medication,…
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Considering annuities
Again on the ongoing search for what to do for retirement income.....I am currently looking at the possibility of annuities. But am a bit confused. (previous - Ongoing search for a place for my pension — MoneySavingExpert Forum ) OK so the pot in question is currently about £136k which is up nicely from a year back. It's a…
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