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Asset allocation 10 years from retirement.
Hi all, l consolidated my pensions into a SIPP on Vanguard, where l am currently 70% Global Equities and 30% Global Bonds. I pay £300 pcm into the SIPP from my post-tax salary. The SIPP current value is £275k. I also have a pension with my job which is salary sacrifice and l invest £1500 pcm solely into Global Equities. My…
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Rebalancing My SIPP Portfolio
In the process of drawing-down a lump of tax free cash to spend on a number of specifics in February 2026. Although my SIPP is already balanced 60/40 in favour of equities, I have large sums (eg £300,000) in particular Vanguard funds.Although the specific funds are hugely diversified, my whole portfolio is with one…
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DB pensions (in particular Teachers' Pension) and Annual Allowance
My wife is a teacher and enrolled in the Teachers' Pension Scheme. She doesn't make any AVCs or anything but she does have a SIPP and is considering adding a reasonably large additional amount to it this year. I mentioned to her that there is an Annual Allowance for how much you can add to pensions (without incurring a tax…
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IHT - Potentially Exempt Transfers
My understanding of the “7-year rule" is that all gifts made by the deceased in the 7 years prior to death must be declared to HMRC The total of all gifts (excluding specific exemptions) are then subject to IHT albeit taper relief may apply. It has been suggested to me - albeit I cannot find this stated anywhere - that the…
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I am finally there. My Plan.... Please comment
Hi Everyone Sorry for
the long post…. After years
of trawling this forum (Many thanks to everyone who has helped along the way) I am
finally at the point where I will properly start my retirement. I retired
18 months ago (was made voluntarily redundant) and have lived happily on my
redundancy and small DB since. I am 65…
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Best method for validating strategy?
As I’m entering retirement I’ve realised I’m generally a low risk capital preservation investor rather than a growth investor. I’ve found the typical annual cost of 0.75% of total fund value that IFA’s charge for changing or setting up investments, wipe out any small gains. This means the picking of funds, percentage…
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DB pension query .
My wife and 5 of her retired friends go for dinner occasionally . They have all worked for the same company for many years . In conversation it came up that four of them who took the big lump sum a few years ago have received a cheque as some kind of a top up while the two who took the 25% tax free lump sum and the monthly…
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Funding Retirement Until State Pension
I have sufficient income from an indexed linked DB pension and State Pension at 67. I want to retire this year at 60. To top up my DB pension until 67, I plan to use my crystallised DC Pension and cash ISA savings. The total money is split 60:40 between DC and cash ISA. If I match inflation, I’ll need 50% of the DC/Cash…
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Overzealous in contributing to workplace pension, or the right amount?
Currently I put in 16% of my wage to my workplace pension. 10% by me, 6% by employer. I got this figure as, although I had been putting in money to my pension beforehand, I decided to go "Right, come on" at age 32. I'm late 30s now. To give numbers, I'm currently on 117k (current salary ~37k). Projected annual income,…
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FIRE Girls Pension Diary - Aim High & Dream Big
10 year targets are set and I'm aiming high and dreaming big. :) A bit of background. When I was young I grew up with a family of 4 children, Dad worked and Mum stayed at home. We had very little material things or new clothes and I remember I was always dreaming of how I could possibly become a millionaire. So why not…
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Crystallisation and Annuities
I have a crystallised pension portfolio with Royal London. I have not taken any taxable income yet. I called them this week to ask about taking a portion of the fund to buy a fixed term income. They informed me that it is not possible to do that, however i could buy an annuity type product using all of the fund. Is this…
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Teacher phased pension
Good morning, My wife, at 60, has gone down to two days a week with a view to retire completely at 62. The Teacher's Pension company Wesleyan, is impossible to contact, we have tried for years, but we now need to fill in the phased retirement pension claim gobbledegook. I have pasted their guide to the phased retirement…
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Should I retire? How best to use my money?
Hi everyone, first post here, looking forward to some help with my issue. 64 year old female full time salary 38k, also receive 18k NHS pension, will receive full SP in 2028 at age 67. I have 40k in a Royal London stakeholder pension from bank work and 100k in Cash ISAs. Previous part time bank work as and when I wanted…
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TTFAC supplier?
I had two PCLS in 2022 for £30k and £40k from DB schemes. I have the BCE paperwork from both to enable a TTFAC application if I wish to. I need to study the numbers carefully. I'll be taking another PCLS later this year from a SIPP. It seems I have the option of applying to the SIPP provider, or either of the '2022' DB…
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Thoughts On First Time DIY Pension Plan
Situation: Transferred an old obsolete £27k DC Pension Fund into a SIPP. It’s currently siting as cash ready to be invested. I’ll add a
further £16k over the next 12 months to gain the £4k Tax relief. Total Fund
£47k. Intend to retire in 12 months and more or less deplete this
DC Pension by the time of State Pension in 10…
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More structure in SIPP Portfolio 10 years to go
Longtime reader first time post I think. I have 10 years to go till retirement and I have been looking to restructure
my investments. I currently have an odd
mixture in SIPP that have evolved through me dabbling, they is a reason and research behind each one. At the end of 2025 I realised a more serious approach was needed…
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retirement plan
I'm a 60 yr old, retiring in April.I have £12,000 a year coming in from a DB pension, £180,000 in fixed term bonds and ISAs, and 30k in an instant access account.I have expected outgoings of £24,000 this year. Goes up by less than 5% (checked several yrs bank accounts, although can't guarantee I guess).No debts, no…
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Interactive Investor first Drawdown withdrawal
I requested a one time drawdown from II of £1100 so that I could get a tax code applied. I have not received any money yet but the gross amount had been deducted from my cash. I noticed that they have now updated a tax code "1257L" and tax basis "Month 1". It says on their website this code "was received from HMRC". This…
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Pension Recycling Rules 30% Limit
Hi, I'm hoping someone can help me with this. I withdrew max tax free lump sums from 2 pensions a few months ago - a defined benefit and a defined contribution (SIPP). I was planning to retire or at least semi retire. The amount was more than £7500 for both withdrawals. I decided to go for one last working opportunity:…
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Pension Recycling Rules and Gifting
I am about to start receiving benefits from my SIPP via UFPLS. I have no immediate need for the funds so am going to gift the money to my wife. Should my wife then decide to put some or all of the gifted monies into her SIPP and receive tax relief, would HMRC regard this as pension recycling?
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734 discussions
6.4K comments
Most recent: Paid gaps in N.I a year ago, still not updated. by Bighitter32
6 February at 11:02PM
