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Comment on portfolio allocation
Hi, I know its a 'how long is a piece of string' kind of question. Yet, would like to get your comments on this allocation. 60% S&P500 (VUAG) 20% Berkshire Hathaway 20% TDGB (Van Eck developed markets dividend leaders ETF) This is for a pension 17 years from retirement. 100% equities but too defensive? Missing out on the…
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NHS pension lump sum dilemma
Got an estimate of £37K and lump sum of £110k or £29.5K and £195k lump sum approx. But which one is best? £37k with some added part time work (for a short while post retirement) takes me into higher tax bracket and even after finishing work with cpi increase and SP will do the same in 7 years. £30k means some tax to pay on…
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Pension drawdown
I am considering drawing lump sums from one of my private pensions Finding the best way to do this is quite daunting. I am told a fee will be due if I choose to go down this route. I am 63 years old and currently not working after being made redundant last year. I have been unable to find more work, unfortunately. But as I…
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GMP Equalisation
Hi there, Has anyone experienced the following, and/or can anyone offer any assistance? I have a small DB pension relating to the time I was contracted out of the state earnings-related pension scheme. I was originally provided with a benefits pack detailing the benefits payable before and after GMP equalisation, and was…
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DB Pension - Tax Question
Hi Bear with me if the terminology is incorrect, I'm only just now getting to grips with this pensions malarkey! I have reached pensionable age in a DB scheme and I intend to start drawing this pension whilst still working. The DB pension is £200 per month (£160 after 20% tax). I was recently informed (not "advised") that…
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Anyone else struggling to get answers about the new VNI rules abroad? Self‑employed in Spain
Hi All I’m hoping someone here might be in the same situation or has managed to get a clear answer from HMRC, because I’ve spent hours and hours going round in circles and still don’t know where I stand. I’ve lived in Spain for 21 years and I’m self‑employed here (autónoma). I paid 19 years of NI in the UK before moving,…
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Looking for a deferred IBM M Pension Plan Member for a possible Buddy Transfer
I am trying to identify other deferred members of the IBM 'M' Pension Plan, who are considering transferring to another platform but needing a 'buddy' to join up with for a block transfer which would retain any protected tax free cash.
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Using my SIPP for an annuity
I am 59 and edging upto retirement. I have a large SIPP (£1.05m) and also an ISA (£450k) and are considering using my SIPP (or part of it) as an annuity thus effectively de-risking. I would like to understand how using my SIPP for the annuity would work from a tax point of view e.g. what happens with the TFLS and will I be…
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Is contributing 100% of relevant earnings advantageous?
I'm considering the situation within the last (tax) year of working before retirement. If one's relevant earnings for the tax year were below £60,000, would it be advantageous to make a relief-at-source (RAS) gross contribution of 100% of those earnings to a personal pension before the tax year ended? In particular, the…
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Auto enrolment for 18 year old
I've managed to convince my 18 year old son to ask his employer to allow him to join the company pension. He showed me his first payslip with his contributions on. It didn't look like enough had gone into the pension to me. He queried it with his employer and they came back saying contributions are not made on the first…
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I can’t find my Topshop pension
I worked for Topshop (The Burton Group) from 1986 until 1996. I’ve have gone through several pension tracing providers and have come back with no results. I was 21 when I first started in 1986. Has anyone managed to find their Topshop pension around those times?
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Net pension / benefits / salary sacrifice
Good morning, Work / Benefits / Pension I previously posted on the forum about my place of work changing our pension sacrifice from NET to GROSS, where we will be taxed twice for our contributions. This is where I am not sure that I have this thread under the correct heading….. Due to the change in salary sacrifice this is…
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HMRC Online State Pension Calculator
Can anyone advise how accurate this calculator is ? My indicated pension is about £9 less than the maximum State pension per week. I'm ok with that having been contracted out for most of my working life and come to the conclusion that paying nearly £3000 to make up the difference is not worthwhile for me. I have 44 years…
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Pensions Planning
This discussion was created from comments split from: Pensions Planning: The NUMBER.
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Drawdown Pensions
I will be moving my pension to a drawdown pension as my concerns are my defined benefit scheme only pays 50% on my death and does not pass to my children if both pass away. Why do I have to pay for a financial advisor to say that I am in a position to move my pension when it is my pension.
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Retirement Living Standards
I'm seeing some press reports - in the Independent for example - that the retirement living standards have been updated, but I can't find the new report, it may not be available yet. I know we've collectively disagreed with these standards in the past, but I'd still like to read it. As far as I can make out there have been…
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ROYAL MAIL PENSION QUOTE AT 55 DONT UNDERSTAND
Hi i had my pension quote from royal mail im in section C - my understanding is that theses are the figures if i decide to take my pension at 55 My RMPP pension shows the following Option 1 regular income £1503 pa tax free cash none tax free cash from cash balance none leftover benefits from cash balance none Option 1A…
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DW & P Telephone No. 0800 731 0469
Has anyone ever got the Option 3 'Calling about your state pension' to work? I have been trying for weeks at various times of the day and the line just goes dead after about 40 seconds.
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I asked ChatGPT to simplify and sort out my investments
I have been looking at sorting out the isa/pension investments for me and my OH as they are currently across 3 providers (Vanguard - OH, interactive investor (me) and L&G (me) (ex-employer master trust in drawdown). Total approx £1m and not really used for day to day as decent DB in play. My allocation for the last 5 years…
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Close to LSA and likely higher rate in retirement -- am I overlooking anything?
I'm a USS member. At present the USS benefit modeller suggests that at my planned retirement age in around 7 years time I would be able to take an income of £37k and lump sum of £250k. The modeller gives figures in 2026 terms (subject to a lot of assumptions of course.) What the modeller does not model is the changes to…
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Most recent: If You Have Registered For A … by molerat
11 August at 3:06PM
