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Can I retire?
Hi, I have just turned 55 and had some health issues over the past 5 years, had 2 pacemaker procedures, heart failure and on meds, although I feel ok I still struggle most days with fatigue and just don't have the enthusiasm or energy like I used to. I have my own home worth ~ 260k which is middle of the road valuation in…
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HL small pot application
I have my SIPP with HL and accessed small pot last year (tax year) and looking to do small pot this month. I did it by post last year as it was the first time (their rules). Am I correct I can do this online this year. Had a look in my account / HL site but could not find specific application page, only general contact…
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Semi Retired Pension Pots Query
Ok, i'll keep this as short as possible. I've just turned 60 and am semi-retired from the emergency services and drawing my LGPS. Since retiring I've worked part time for the John Lewis Partnership ( 4 years pension contributions ) and a local school ( 2 years pension contributions - again in the lgps ). My question is,…
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Can an IFA withdraw their service to me
I am retired and have my workplace pension invested with a well established national pension fund. My IFA is retiring soon and has merged his business with a larger firm to provide continuity to his clients. It now turns out this firm has its own pension wrapper product, which it is keen for its new clients to transfer to.…
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Gmpf going back to council..pension query
Hi 2015 Salford care became Aspire care a Community Integrated Company....today we have gone back to council..I have been on sick for last 4 months..but this year I qualify for rule of 85…so I decided to check my online statement…to be greeted with your company says your leaving page…initially thought have I been sacked?…
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Discretionary pensions
I have a 1999 bonus statement from Norwich Union, it is a discretionary Pension Scheme and I have only just found the document and realised I have this. I have been in contact with a lot of people / companies (the one who set this up is no longer trading) I cannot find this pension, is a company able to just cancel a…
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Any LGPS experts?
Last year I assisted a friend who had inherited a LGPS pension after the death of her father. She received an “eligible child’s pension” even though an adult due to disability. She received a lower amount as her father was married and his spouse received a widows pension. Now the fathers wife has passed away and her…
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Inter-SIPP partial transfers
I have a Halifax (Embark) SIPP which applies immediate tax relief to cash deposits. I also have another SIPP that will take weeks to apply the tax relief for my final in-payments. Neither SiPP is in drawdown. Could I use a partial cash transfer from Halifax to the other pension to bypass the HMRC refund 'delays'? The…
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SIPP death benefits after April 2027
Can I just check whether my understanding is correct, please. Assumptions: I die before my wife. I die after age 75 The IHT nil rate band will be used up by other assets. When I die, the SIPP will be passed over to my wife, who can continue to draw an income (on which she will pay income tax), but IHT will not be an issue…
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Cash SIPP - HL still best option?
Apologies if this has been discussed elsewhere recently, but a search didn't turn anything up. I wish to open a SIPP before the end of the financial year to deposit £2,880 pa in until I'm 55. I don't plan to trade, and will just hold as cash for a few years. Is HL still considered to be the preferred platform for this? Or…
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Has anyone had any experiences with ReAssure?
How do!. First time posting in the forum (I think) so apologies if I put this post in the wrong section. My question is this, has anyone had anything do with ReAssure? I ask because quite frankly they've been the worst company I have had to deal with and it's got to the point where I'm at my wits end. It started back in…
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Aviva Pension
I am 66 and decided to take out my Aviva stake holder pension,with my tax-free lump sum and buy an enhanced annuity with to rest, all through Aviva, who my pension contributions were paid to. They told me my fund value would be locked in when they received my forms back, which they confirmed were correctly received on…
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Starting a SIPP & carry forward rules?
My 19yr old son earns £12k/year but isn't yet in a pension. If he opens a SIPP now with say just £100, will the carry forward rules enable him to top it up by £11,900 after 6th April, as well as add another £12k for the 2026-2027 year?
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State Pension Over-reporting by DWP to HMRC
For the first State Pension payment into the bank each year from the DWP, my OH gets an amount equal to 2 weeks at the previous years rate and 2 weeks at the new rate for for the current tax year. The subsequent 12 payments are at the new rate and don't vary. That all makes sense. When DWP report the yearly figure as…
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SIPP contribution, avoid 40%
after a couple of false starts ChatGPT says 40% tax will be paid on £2290. Based on a tax code of C1299L . Do we agree? How much to pay into a SIPP today to not pay any 40% tax?
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SIPP tax relief - allocated to which year's AA?
Topping up my SIPP before the tax year end.... ii says it will be a few weeks for the tax relief to be allocated by HMRC to my account. When it is, does that fall into 25-26 because that's when I made the net deposit, or 26-27 because that's when the tax refund was granted?
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Civil service premium pension
I'm doing some forward planning looking into my pension prediction. I've recently checked my ABS for my civil service pensions and the premium calculation seems to be incorrect. Can anyone help me with the following questions? The premium pension value is based on: (1) Pensionable earnings in last 12 months(2) Best…
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Newbie question!
Good evening! Four and a bit years to us retiring at 67 when SP starts, mortgage ends and I’ll have options on my stakeholder pension, currently standing at around £220k. Not putting much in of late and it’s in low risk mode, picking up around 2% growth PA. I’m slowly navigating around the myriad of options, opinions,…
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Costs of monving from a DB Pension Scheme into a SIPP
I just wanted to check with anyone who has been through this process, as to thie experience with doing this. I find myself in a situation where I am being quoted a transfer value of £390K to move my DB into a SIPP, which is what i want to do. The rules however state that I need to demonstrate I have received FCA regulated…
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Anything like Guiide for Couples?
Trying to model different scenarios but as a couple with differing Sipp and DB incomes followed in 7/8 years by 2 State pensions. I know I can do them individually but jointly is preferable.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
748 discussions
6.5K comments
Most recent: NI years are now full, existing OAP, when should I expect my monthly payments to reflect this? by Dazed_and_C0nfused
22 May at 1:38PM
