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Retirement plan geared to sequence of return risk, what to do when portfolio is rising
We are possibly 2 years off retirement (when I say we I mean OH) however OH may continue beyond that in semi retirement depending on work offered (self employed with 5/6 sources which are unrelated to each other). I will have SP in 1 year. We have 3 small DBs in payment £14.5k. There is a cash/nr cash fund to cover OH’s SP…
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FAS/PPF Beneficiary Nomination
I expect everybody affected will have received the email but, just to advise, those with pensions with the Financial Assistance Scheme (and presumably also the PPF) will have to redo their beneficiary nominations due to a change in their system. I had already uploaded our marriage certificate ages ago, but I had to do it…
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Civil Service Pension advice
I've struggled to find an adviser who knows about Civil Service Pensions so I thought I'd try posting here to see if anyone could help. Having turned 60 in March, I decided to apply for partial retirement. This was approved and I've now received my pension quote. My plan was to reduce my hours by 40% which would reduce my…
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I'm addicted to pension saving and it's leaving me short.
Hi, I can't remember if I've posted something similar but here goes. I'm 47 and like a lot of people I became more serious about retirement planning as I approached 40. I don't earn a massive amount and its unlikely due to circumstance I ever will. After the September inflationary pay rise I will be on £39,970. My wife is…
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UK pension paid to NZ resident
Help please. My sister in law ( a N Z resident) receives a small annual payment to her bank in NZ from DWP, without any reference details and she does not know her N I Number. She wishes to find this . where can she access any information? the hang -up is obviously lack of N I number .she has nor worked in UK for 50 years…
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Pension and salary sacrifice
Good evening, First of all, I am very sorry if this has been discussed previously, but I have been googling many times without any success and I am getting a bit stressed (probably because I am missing something obvious!)My issue is, I earn roughly £50000.Say I put £20000 in my pension with salary sacrifice, and my…
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Pension companies taking advantage?
A few weeks ago I started the process of transferring my Personal Pension that was hosted by LV= to AVIVA, last week my pension disappeared from the LV portal and then almost a week past then I got a notification from LV= earlier today saying the pension had transferred....now looking at the AVIVA portal I see no sign of…
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Retirement
Thank you for
reading my post. I have been trying to plan my retirement and I am still unsure
whether it will work or I have missed something out?. Some information: I do have some savings which is earning interests not enough to live off completely, S&S
ISA and a private work pension. Excluding
State Pension, I was…
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How close am I to my early retirement?
Age: 48 Annual Gross Salary = 75k 160K Accidental Landlord = 1,450 monthly (since this year) Workplace pension pot = 250K + 100K SIPP = 75K. 100K Spouse SIPP = 30K 70K ISA = 40K 60K (as an emergency fund, will be moved to Share ISA) Saving = 30K Pension contribution since this year: 45% + 5% = 50%. 20% + 10% = 30% NI…
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💬 Early access to PSO pension credit due to ill-health – any experience?
Hi all, I'm helping someone close to me who is in a difficult situation and could really use some guidance from anyone who’s been through something similar. They were awarded a Pension Sharing Order (PSO) as part of a divorce. It’s from the Civil Service Classic pension scheme, and the PSO has now been implemented. The…
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Looking for views on performance of ISA portfolio
My mother in law recently asked me to take a look at her investment portfolio. This is all held in an ISA by a medium sized national firm of wealth managers on a discretionary basis. She has no interest in or knowledge of investing. As long as she sees the regular income she draws she is happy and has never considered how…
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Best Source Of Funds
Hi, Not sure if this is one for a pensions forum or a savings forum so please move if I have posted in the wrong area. I'm 59 and receive a DB pension so all of my 0% tax band is used up. I want to access £20k of savings for a building project, what is the best source of funds? Take it from an ISA? I won't be able to…
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Gifting from SIPP
I am in the fortunate position of having two SIPPS from which I have no need to take income. An existing works and state pension are sufficient to enjoy a comfortable retirement. With the proposed IHT charge on unused pensions I am considering options to mitigate this. One which I am considering is to commence drawing an…
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Increase to Minimum Pension age from beyond 57
Hello I ive read this huge thread regarding the raise in age from 55 to 57. It seems that some of you have locked in a SIPP with fidelity who it sounds like may have enact the protected age and allow you to obtain your pensions at 55 irrespective of the age rise. I missed the boat on a fidelity account back then. But i'm…
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Home responsibilities protection
Hello, last year my wife paid 4 years of national insurance gaps, she retires July 2026, this amounted to a few thousand pounds, now looking at her gaps for the years between 1981 and 1989, when she was looking after her children, it’s saying that the years are not full. we have completed an enquiry form online and HMRC…
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Consumer duty and workplace pension
Hi, Has anyone any experience or knowledge of complaining about pension scheme fees and terms and conditions under the new (2yo) consumer duties? I've seen multiple cases upheld about poor administration, but not around t&cs / fees. My situation is that I have a fairly old Aviva workplace pension with a limited choice of…
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Thinking about defering State Pension
I'd appreciate any comments on my thinking here. I'm retired. Age 64. I have a DB index linked pension currently paying me £31K per annum. I have a DC pension which I have had the 25% lump sum from currently there is £133K in there. I decided to start taking as much as I could from the DC pension whilst keeping my income…
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Mortgage vs Pension
Hi. I am 50, single, medium income. There is a potential opportunity to buy a house, but this would be on a 100% mortgage, with a friend as a guarantor. Obviously this would take me to 70 years of age, at an affordable monthly repayment. It would also mean I would struggle to manage bills - for example, I will soon need…
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Gross Salary or qualifying earnings
Hi, When the site discusses the % you should add into your pension depending on when you start, is it based on Gross salary amount or qualifying earnings? I have just moved from a company that gave me 6% of my Gross salary to a company that gives me 3% of qualifying earnings. Trying to work out how much % i should put in.…
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Lump Sum or Regular Payments
I'm hoping to take my works Pension soon. Should I take a lump sum and small monthly payments or just take a larger monthly payment as if I was getting paid every month? Is it as simple as that?
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
703 discussions
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Most recent: HMRC call back wait times by molerat
29 August at 10:37AM
