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Fixed term Annuity
So after a few years of watching, learning and a few posts to boot! you guys have been essential in my pension learning curve, I now have so many detailed spread sheets all connected , lots of the info supplied by you, so thanks to all! I think I'm now fairly confident & pretty settled on what I'm going to do, in circa 12…
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Class 2 NI - Under Small Profits Threshold
My OH has a small business and filed their 24/25 tax return this week. On the completed return it showed a liability for Class 2 NI of £92. My understanding is that Class 2 is optional if profits fall under SPT which is the case. Although it's always been my OH's intention to pay the optional NI contribution, I was…
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Pension Transfer / Safeguarding Guidance
Hi folks I understand pension transfer legislation has changed recently to protect some people from scams and really bad advice. I've been informed that I can't transfer my pension until I've had an appointment Moneyhelper who will talk through the charges, how it will be invested etc. This is frustrating as I'm an…
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Increased state pension for widow
Hi. Sadly my dad died recently. He was and mum is in their 90s. Mum was receiving basic state pension of £105.70 plus graduated retirement benefit of £0.18 and age addition of £0.25, totalling £106.13 a week. Dad was receiving basic state pension of £176.45 plus pre 97 additional state pension of £68.92 less COD of £42.16,…
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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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Defined contribution, no drawdown allowed
I have a defined contribution, I have been in receipt of this for 11 years, I took 4k at the very start. I am informed now that I cannot drawdown or transfer to another provider that allows drawdown. Why?
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Fixed Annuity or drawdown
Hi, just when I was convinced an annuity was the way to go, drawdown has reared its head, which I know nothing about! I am trying to work if there any tax advantages on either choice. 100k AVC pot 5 year Fixed Annuity or drawdown(over 5 years)? work pension 22k tax code 1257L i like the certainty of the 5 year fixed…
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Women and the pension poverty gap
I heard an interesting discussion on Radio 4's Woman's Hour this week about how women are disadvantaged in pension provision. I'm not talking about the state pension issue but private and work pensions. The R4 summary: Over a third of women could face poverty in retirement due to a growing gender gap in private pensions,…
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Pension advice for over 50s
Hello, for one reason or another, I don't have a private pension , I will have to rely on the state pension when I retire, that would be my only income. To make matters worst, I don't own a house, I've been renting all my life and never had a job that paid well enough to save for a home. Now I'm earning bit more but is it…
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Pre
Good afternoon I got my dad sorted earlier this year with all the details to pay up additional years as it turned out he's been contracted out in the past and wasn't receiving full state pension. He's just turned 70 in May. He contacted HMRC, agreed 2007-2009 then 2010 - 2012 as they were part paid years and paid before…
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Taking my tax free lump sum and converting to a drawdown
Hello, I'm thinking about converting a SIPP I've got to a drawdown pension and taking 25% tax free, in order to pay off a mortgage. But I intend to continue to contribute to another SIPP I have with my current employer. If I've read the rules correctly, I can still do this. Plus, as long as I don't take any taxable income…
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25% tax free before budget
With the budget looming and talk of Reeves changing the 25% tax free payment from pensions, question is if I call my pension providers Monday and ask for my 25% tax free lump sum, will that still be honoured if after the budget that % changes ? Not sure how it will work, any advice, much appreciated thank you
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Compulsory serps
20 years ago when I started my current job I decided against paying into the work pension. Later it became compulsory by law to have work pension but I could opt out if I payed serps, so I paid the serps. Then the serps stopped. I'm getting my state pension in a few months time But what happened to those serps payments…
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Aviva group personal pension to SIPP
I've been doing some research into my Aviva pension, a former Friends Provident policy that's been deferred since 2014. It's done rather well, particularly since I invested the bulk of it in international and UK equities in summer 2000, and is worth about £185k, about £20k of which is in with-profits and which generates an…
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Is it time to get some bonds?
I have a decent DB pension so have always had my DC into 100% equities - global or S&P trackers mostly - and this hasn't changed since I retired a few years ago. I am not too worried about the risk normally but there seems to be increasing talk of a correction as well as me thinking my longevity is decreasing over time. In…
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SIPP protection
Been reading the responses to my previous threads around this topic and some useful stuff - many thanks. I'm all in equities - low cost global trackers essentially - and am looking for ways to protect the SIPP in the event of an equities crash. Some Qs perhaps Gilts - No experience of investing in these, but is it fair to…
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Advice sought - pension contributions over £60,000 per year limit - how to manage it?
Hi Recently received notice that I'm in line for a pay increase and have set about working out how much I can safely afford to increase my pension contributions - however I've just realised that it's possible that within the next year (when bonuses etc are paid), I'll be over the £60,000 limit and have no idea how to…
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Children pensions
Anyone aware of no monthly minimum providers for a children's pension?
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Is it too late to start a pension?
Hello. Both self employed and have arrived rather late in the day to finally being in a financial position to save etc as previously any money was put back into moving forward in life to get to a position of owning our property etc. So we are now wondering if it is too late to look at a private pension! No pension at all…
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Trading fees on ETF trades HL SIPP
Hi. I've asked HL but they are taking forever to get back to me. Does anyone know if you pay trading fees when automatically buying ETFs from company contributions in the HL SIPP? You don't on OEICs. Many thanks.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: Voluntary NI contributions cut off 2025 by Silvertabby
19 December at 7:04PM
