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Annuity change of calculation from RPI to CPIH
As many of you will be aware, in February 2030 the calculation for RPI will be changed to be the same as CPIH. The term RPI will remain in existence but it will effectively be CPIH. CPIH typically runs between 0.5% and 1.0% lower than RPI. For long term holders of RPI annuities it is unclear if there will be any redress to…
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DWP UK Pension payment in France arbitrarily stopped - anyone else?
The DWP international pensions office manager in Wolverhampton wrote a letter to me dated 30 December 2025 which arrived here in France on 17 January 2026. The manager said my pension payments were being stopped from December 2025. The 4-weekly payment due on 6 January did not arrive at my bank. He or she claimed not to…
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Moving from defined benefit Teacher's pension to defined benefit Railway Pension scheme
Hi all, I am looking for some advice on my work pension. I moved from working as a teacher to the railways around 9 months ago. I am trying to decide whether I should transfer my pension benefits from teaching into my railway pension, or whether to leave it as a separate entity. Pensions confuse me, so if anyone had any…
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Sharia index tracker versus global (ethical) equity in workplace pension (USS)
Hi Everyone,Just looking to get some thoughts on the merits of different funds when there is a limited choice within a workplace pension, particularly Sharia versus ethical funds. I am referring to the DC part of the USS hybrid pension scheme, but aiming to understand all of these funds, and their pros and cons. For…
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Not a full state pension plus a private pension
My wife is turning 70 this year, she has a civil service pension but only a partial state pension because she refused to fund more into it when she finished in the civil service at age 40. So her total pension comes just above the current income tax threshold for paying tax. With the current government plans to ensure…
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Preparing for an interview with an adviser
I know next to nothing about pensions. I may be lumping together two pension pots together to create a drawdown pension and start drawing from it. What sort of questions should i be asking? Initial fees, ongoing fees, cost and charges, fund management fees etc, anything else? Can i defer my 25% tax-free lump sum and take…
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SIPP Drawdown HL
I’ve decided to move the whole of my small SIPP (below £100k) with HL into Drawdown & take the 25% tax free lump sum. I don’t need income so may or may not take ad hoc taxable sums afterwards. If I’m reading their guidance correctly, once in Drawdown account, I have to telephone to sell investments to realise cash for…
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Workplace pension vs Stocks/Shares ISA
Hi all, I'm a high rate tax payer in England. Obviously (like all of us here) I'd like the most bang for the buck. After having seen Martin's Live show about investing, I looked into Stocks/Shares ISAs. But then I did some research and I think putting any excess money into my workplace pension is still the best investment…
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DWP paid deceased pension into joint acount - advice needed
I'm caring for an elderly, recently widowed relative. DWP have continued paying her husbands pension into their joint account despite being informed of the death. They're now asking for over £600 back which would wipe out a large chunk of her account as she doesn't have much. This lady is struggling with confusion and…
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TFLS from workplace still paying in
Hi all. Still employed still salary sacrificing every month into an Aviva workplace pension. Is it possible to take TFLS from this and carry on paying into it monthly as normal? I will not be wanting to drawdown any cash, just the 25%
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Moving pension pots for the best annuity
My wife will retire in 6 months time. She has two private pensions, so needs to make some decisions. She wants to take them both as annuities, as an inheritance has removed the need for any lump sum, and she dislikes the risk of drawing down from a finite pot. I realise that draw-down might well mean more money, but she'd…
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Gilt ladder in SIPP - some not availiable gilts in platform
I am researching setting up a conventional gilt laddder inside my SIPP (as an alternative to taking a joint lifetime annuity). I have been using the excellent tool at https://lategenxer.streamlit.app/Gilt_Ladder. Unfortunately when looking at the individual gilts needed to implement my selected choice of income, some seem…
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Claiming back higher rate
Just hoping for a simple answer. I have both a DB pension and a private pension. Last year I was able to advise HMRC of my contributions via phone. This year they want a statement. I usually pay in gradually then near the end of the tax year I top it up with a lump sum so I don't end up paying any higher rate tax. I don't…
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No Tax Free Sum. Was it ever available?
My husband took his final salary pension in 2001 at age 50 as part of his redundancy with no penalty. He paid into a SIPP until age 63 when he retired. The Sipp was left untouched until now as he turns 75 this year. He has now been told he is not entitled to any tax free cash as the revalued pension exceeds the lifetime…
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Putting bonus in Pension
Hello Forumites, I am on higher tax bracket and for the last few years, I have been putting 100% of any work bonus in Pension pot. My thinking was that 100% of bonus in Pension is better than 60% in hand now. Is there anything I am missing like paying tax when withdrawing or value of money reducing etc. Advise welcome.
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Annuities as part of pension planning
Hi, with 18 months to go before I can start accessing my SIPP I have started to consider using an RPI linked annuity with part of the available money to cover annual spending. I should probably say I would be the more conservative end of the investing spectrum with loss avoidance and minimising volatility as a priority.…
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lsa
hi newby here . i have a small pension pot to withdraw £5,900.. i withdrew £4,700 from a small pot october last year is this £4,700 the amount i need to take off my lump sum allowance sorry im a little confused and is the lsa still £26500,00 many thanks for any help
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Retired with Side Hustle
I'm 66 and retired (with full state pension and small occuational pension) and am not fit for work generally as I'm awaiting a major operation (long wait!) but we had a major roofing problem so we're in debt so I have a few side hustles which have exceeded the £1000 limit for earning bits and bobs. My question is, I…
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Phoenix Life Stopped Paying Monthly Pension
Hi, my partner's father is 86 years old and currently lives in the Dordogne in France. He receives a monthly pension of £800 from Phoenix Life on the 27th of each month. The last payment they made to him was 27th January and they have failed to pay on the 27th February and 27th March. He barely has enough money to pay his…
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Unclaimed Pensions
My mother in law recently passed away. My wife is now the sole family survivor and is acting as administrator for her mothers estate. (there was no will) It seems that her mother was not claiming the private pensions from her late husband who died 10 years ago aged 61. Her husband had three private pension schemes none of…
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Most recent: Proof of Class 3 Validity - Working Abroad by pinnks
23 February at 7:16PM
