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Most efficient way of taking my DC/SIPP whilst already taking my DB (before the tax man gets it)!
I retired at 55 (now nearly 60) and my DB is £33k PA (did not take any cash free). I will get full state pension in 7.5 years (I've checked), unless things change! I also have a work DC with £107k (untouched) & a SIPP with £53k (untouched). I planned on leaving my DC & SIPP for the wife and kids (previously outside estate…
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Help with difficult SIPP question which is confusing ChatGPT
Hello there, I came here a few months back and received some very sound advice from some very clued up people, I was hoping for the same again, as I am going to find myself in a very similar position to the below scenario come March this year. Lets say you're approaching the end of the tax year and receive your final…
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CSSP
I retired on 31/10 I had sent my request in August 2025 and received my quotation. I then sent the completed paperwork. It is now January and I have not received my lump sum or my monthly pension. I have called several times and been advised it is with the finalisation team but there are no timescales. Call wait times are…
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Unexpected inheritance - views ?
I am unexpectedly about to receive an inheritance which will be in the region of £120k. This was not something I ever fed into my retirement planning. Appreciating this is a "nice to have" problem in financial ways, though not in emotional terms re the bereavement. I'm retired, not currently taking on paid work but I am…
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Understanding Kingfisher Pension Info (Aptia)
Hi, I need a bit of help understanding the retirement quote I am seeing on my pension portal. This pension is a very tiny deferred Kingfisher DB pension. However, I don't understand the figure demonstrated at the bottom. I have already filled out the paperwork and submitted it to start the ball rolling and this is the…
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Uk pension for someone with a low number of years NI contributions possible.
Hi folks, A question for some of the more knowledgeable people on here than me. If someone worked in the UK for 5-6 years in 80's paid their Ni contributions in a salaried job, but then returned to Ireland to work, are those NI contributions basically lost and they are not allowed to top it up through voluntary payments to…
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Source of funds?
My wife is trying to withdraw a few thousand from a Wealthify savings account ironically to pay into a Wealthify SIPP (can't do it directly as Wealthify only allow one linked bank account across all your accounts). When withdrawal has been requested Wealthify are asking for proof of where the money came from. It was an ISA…
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MyCSP - missing years/transfer out - could it be fraud?
Bit of long story but I have a classic and alpha pension,
and subject to the McCloud judgement, so my pension statements are pretty
complicated have changed a lot. As I’m in my early 50s I’ve started to pay
a bit more attention and questioned why my pension is so low. The answer has turned out to be quite simple, the first…
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100k+ earnings and max TFLS
Hi all Wanted to check my thinking age 46 current DC pot value £1.02mil Earn 104k basic + (typical) bonus 10-30k Company max pay in 10% at employee 5% sacrifice (Sal sac scheme) As I’m nearly at the max threshold for the 25% TFLS am I right in thinking that there’s no benefit in trying to stay under 100k earnings , and…
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Withdrawing all of pension at 55 which date in tax year is best
I plan to withdraw all of my pension in a scheme I am in at 55 (i have other pensions I still pay into). I know what I will be taxed on 75% of this - I still work. My question is which point in the year is best to withdraw the money start of tax year of end of tax year. I would prefer if my employed take home pay isn't…
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SIPP Transfer after Crystalizaiton
I have crystallized my AJ BELL SIPP and taken the 25% lump sum and I have started to take a monthly taxable payment from it. Charges are circa £1,000.00. Could I transfer my AJ Bell over to my Interactive Investor account where the charges are more favourable?
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Taking DB pension and MPAA
Hi Hopefully someone can confirm for me. I'm think I am correct in saying that taking my small DB pension will not limit me (my employer as all salsac) to 10K PA further contributions to my current workplace DC pension? Thank you
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Deceased father's pension policy
Hi all, My father passed almost 8 years ago, he died interstate and with very few funds so his bank simply closed his account and wrote me a check when I provided the death certificate and proof of who I was. At the time I did not think he had any private pensions, and considered his affairs settled. Very recently the…
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Scottish Widows - Mercer master Trust Works Pension Question
Hi I want to transfer out of my Scottish Widows / Mercer Master Trust Adminstered Works Pension to iWeb/Scottish Widows.SIPP.However i'm concerned about the timing of the fund sales - does anyone have any experience with selling Mercer funds adminstered by Scottish Widows? What was the timescales involved, as in how long…
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Bank - International transfers
Can anyone tell me which bank is best to use if I want to have my UK pension transferred to a European Bank?
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Interesting TEDx talk on the 4 Phases of Retirement
Just come across this interesting 13-minute take on retirement 👍 (apologies if this has been posted before) The majority of threads here focus on finances, & whilst that is clearly very important, perhaps not enough time/thought is spent on the other elements of retirement 🤷♂️ His topics cover vacation, loss, trial &…
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Maximum contribution to civil service partnership scheme
I am a civil servant likely to go in a VES at end of July. I am in the Civil Service Partnership DC scheme. I want to put the most I can into my pension from April to July for tax purposes. Is that 100% of my salary? I think I read somewhere that I have to be paid the equivalent of the minimum wage so I would need to…
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Thoughts on Delaying Claiming Civil Service Classic Pension
Hello, first post here, as I noticed some great advice on Civil Service pensions in the forum. I would be grateful for any thoughts or experience on my current dilemma as to when to claim my preserved civil service classic pension. Here's the situation: I turned 60 this year, so am eligible to claim my preserved Classic…
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Looking to retire soon……best options?
I really want to retire this year…..current age 63, but not a lot of funds to play with. I’ve got £110k in savings….mostly in isas £40k in a Nest scheme. Also have an old (DB?) from 30-ish years ago which current statement is quoting annual payout just over £9k. I contacted them recently advising that I wish to start…
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Transferring pension pots question
I just wondered is moving a pension pot to another pretty much the same thing as moving your bank account or savings account? Ie, one then old ones closed its just money that's transferred,? So there is no record of what your old job was or any other info? I am referring to solely DC pots. Thanks
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Most recent: State Pension Forecast and Buying Years by molerat
22 February at 4:30PM
