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Crystallise an untouched pension in one's 80s?
A relative in her mid 80s has never touched her DC pension. Nor does she ever intend to touch it, as she lives frugally within her state and widow's pension income, and also has other (GIA) investments that would cover any care costs should such arise. Would a "benefit crystallisation event" have occurred automatically…
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Carry Forward sanity check
I want to check how much I can top up my pension this year via personal contributions. I am paid through an Umbrella company and expect at the end of this financial year to have Gross Pay of £65k and for £58k of employer contributions to have been paid into my SIPP by the Umbrella. I have £50k of carry forward allowance…
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Confusion over McCloud option selection
Like many others, I have been sent the RSS pension choice illustration. After choosing the Alpha option with increased lump sum, I am now informed by CSP that I will not receive the stated sum because I did not specifically request it in the correct tick box. It was not stated in the documents that this was an additional…
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Where / How to find out Tax Year State Pension payments?
I am trying to find the total (gross) state pension payments I received for year 2024_25 and what tax was deducted. This seems difficult to locate. I can see a summary for my company pension but not the state one. Where or how do I get this info online or do I have to contact the DWP / HMRC or whoever? Thanks.
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LGPS Standard AVC's and Shared AVC's
Hi, Does anyone know why you can put all your Pensionable pay into a standard AVC but not into a Shared cost AVC (Salary Sacrifice). Thanks
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Early retirement civil service
I am hoping to retire early from civil service, thinking next April. Currently this years pay rise has not been sorted and is still being negotiated, (could be between 3% and 8% allegedly and backdated to July) Most of my years have been in classic scheme so my question is how much impact will this pay rise have to my…
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Withdrawing cash from works pension.
Hello. I am due to retire in October 2028. Can I withdraw money from my works pension before I retire ? My pension provider says I can't, the Gov.uk pensions site says I can withdraw up to 25% tax free, which is correct please ? TIA, Andy.
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Dial down the risk?
Other than £65k in STMM funds put aside for early retirement My Sipps contain: 62% HSBC FTSE All World index 27% HSBC Global strategy Dynamic 11% in a 5 year Gilt ladder starting 2034, when I’ll be 68. Plans beyond that are vague, maybe an annuity at 75 with part of it, unless I die we won’t actually need any income from…
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tripple lock in EU for pensions
why a pensioner from uk retires to Australia a commonwealth country has pension frozen, but not in USA or EU what is the point of the commonwealth. mike
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Pension AVC 3 year rule
Hi I have been getting slightly conflicting information from financial professionals regarding adding to my pension. I earn 32k and basic rate tax payer. So after deducting pension contributions from my salary the balance left is what i can contribute to my pension as lump sum and get tax relief ? I have been told i can go…
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Tax return: Single contribution to employer salary sacrifice scheme - getting the right tax relief
Hello A bit of a steer would be appreciated. I had (now now longer employed) a salary sacrifice work pension. Before leaving, I made a £12k lump sum payment into the scheme from my bank account. I also had my bonus paid into the scheme, direct. For my tax return, I understand I don't have to declare the pension…
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Government to rethink rejection of Waspi compensation
A decision to reject compensation for women hit by changes to the state pension age will be reconsidered by the government. Campaigners say 3.6 million women born in the 1950s were not properly informed of the rise in state pension age to bring them into line with men. Last year, the government apologised for a 28-month…
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Small pot rules
Under the small pots rule you can take unlimited number of small pots from occupational schemes. However if you have already taken two from occupational schemes are you then limited to only taking a further one from a personal plan under the three small pots rule hope this makes sense. Thanks
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NHS pension loss after less than two years employment
Hi all, looking for some advice here. Long story short, I've recently learned that for entitlement to an NHS pension, you must be employed for over two years. In my situation, I was employed for one year and contributed the whole time. My understanding as of now is that I had a 12month time frame to transfer my pension…
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Non communication & delay in paying LGPS
I have requested payment of my LGPS DB pension from December but am becoming increasingly concerned that I'm not going to get it. Having read Google reviews for TWPF/Civica, everyone is saying the same thing, that they are months into retirement with no pension paid and no communication from TWPF! They will not respond via…
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State pension - after divorce
I wondered if there is any guidance someone can give with regards to an ex-husbands state pension. Before I start, it may sound as though I'm being greedy - but here is a bit of back history. Basically I was with my ex-husband from the age of 23 - he was 40. He was a very high earner and I was in a good job. We married in…
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25% Tax Free Lump Sum (TFLS) Withdrawals
Is anyone else having delays with receipt of their 25% TFLS Withdrawal Request? I'm told due to responsibility laying with a third party, the SIPP Pension Fund provider is unable to give me any timescales on when I'm likely to receive my Withdrawal. With Budget Day fast approaching I'm extremely nervous that this is down…
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Nest pension tax free amount
Hi. I am so confused. I wanted to take the 25% tax free from my nest and at over £14,000 I made that to be around £3,500 tax free. I entered that amount and it said I would be paying £950 on that in tax. I got flustered and ended up only entering £1,000 to withdraw so now I have no idea what happens now or when I can…
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DB pension
I have a DB pension that is payable from December at age 62. I have the option of an annual pension of £10615.56 or lump sum of £52170.36 & pension of £7825.56. I work part-time & will continue with this so I will not be dependent on my pension at this time. My state pension is payable at age 67. My intention is to take…
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CS Classic Pension - considering partial retirement (anyone able to help with calculations?)
Hi, I am considering partial retirement, but I am struggling to calculate what my pension, lump sum and earnings will be. I have done some sums, but I have no idea how accurate they may be. Is there anyone on the forum that would be able to help? The calculator on MyCSP is known to be inaccurate, and wont let me calculate…
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: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
4 December at 1:45PM
