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Pension Financial Advice
Both my wife and I are in defined benefit pension schemes that are due to mature at age 60, and we also have other pensions that will continue until we are 65. We have savings and are expecting an inheritance. We would like to know whether we can retire early, but we need advice and are not sure what kind, pension advice,…
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Commuting part of NHS pension that would otherwise be subject to HRT
Hi all, some time since Ive posted on here. I would value your thoughts please.I am aware that the NHS 12:1 commutation rate is normally seen as bad value . However my position is that I am due to retire next year at 58 and had been intending to take my 1995 pension (due at 60) subject to reduction of c. 10% which will be…
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Opinions Please
I am 65 (66 in March) My required retirement income will be almost covered by State Pension and a DB pension (£3500) net shortfall. I have a DC pension of £150k with Aviva Aviva Pensions My Future Focus Consolidation (Pre-2024) S6 Should I leave the DC pension where it is (risk level 2) or transfer it to a Vanguard Life…
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DRAWDOWN WITHDRAWAL AND TAX
Hi I can see that there is already a thread about this but I wanted to start my own as I have different circumstances. I hope that's ok! I transferred a pension to AJ Bell in the summer. I took a TFLS and deliberately took an extra £10. This was in the hope that it would lead HMRC to issue a helpful tax code to AJ Bell for…
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Is there a maximum transfer allowance into a SIPP?
My employer has recently been taken over, and employees have been switched to a new pension provider. I decided to move my old pension into a SIPP with ii due to it's low fees, transfer still in progress. I am now seeing maximum tax free allowance £60,000 contributions warnings. I will be transferring 20 odd years of…
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Tax Return Query
Entering SIPP details on tax return Have I been doing this right? Box 1 my payment plus tax relief Box 2 just my payment But as I am nolonger paying into a SIPP, I can now leave Box 2 empty?
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Civil Service Pension & Tax
I was retired from the Civil Service on the grounds of ill health in 2013 (I was in the Classic Scheme). Due to circumstances, I didn’t claim it at the time; I am now looking at doing so. My annual pension will be 12k. MyCSP have confirmed that it will be back-dated (ie 12k x 12 years = £144000). What I was hoping to do…
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Pension recycling query
Retiring in January, taking the TFLS. If I stick 2880 back into my SIPP from this tax free cash, is that recycling? How can it be proved ?
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Cash in Stocks & Shares ISAs to be taxed at 20%?
Interesting article in this weekends FT https://www.ft.com/content/0f972baa-f571-4f18-bbbd-b6382938c466
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Stick or twist with contributions?
I have posted similar thoughts and questions before but am now getting more clarity of thought. So, apologies in advance to those who search old posts to find and call out repeat posters. I'm 54 and a bit. I have 2 retirement options in mind. Scenario 1, ideally retire at 60. Scenario 2 is to retire at 62 when mortgage is…
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Delays to handover from Capita to Tata of Teachers Pensions
Retired member in Aug 2022, TP have until end of September to raise the affected members' RSS statements. However, a front of house call handler told me this week that there are delays to the handover from Capita to Tata. Does this mean there will be more delays to statements and payments? Does anyone know anything about…
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IHT Paying out excess annual income over expenditure
For many years (I'm 69) I've been paying my excess annual income over expenditure to my daughter's to avoid them paying too much IHT. I've never been able to fathom out whether if I draw down tax free cash from my pension pot this can augment my income and therefore increase the payments I can make to my daughter's each…
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Urgent Guidance Needed - State Pension, NICs & HMRC
I am 53 and have spent weeks shuttling between the Future Pension Centre, HMRC, CAB, etc. helplines trying to arrange a state pension. There have been multiple instances of incorrect and directly contradictory advice and information given within and between these departments. I registered before the DWP deadline in April…
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9 Month Pension Transfer - Inaction and Loss of Investment Growth?
My daughter left a council job at the end of December 2024. She got a letter on the 9th January stating her pension transfer value was just under £12,000. She signed forms on the 17th March 2025 stating that she wanted to transfer it to a private SIPP. It has only just been transferred and the value is the same as the…
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need very best ssip for making the most money?
hi im a newbie to pensions i want to start my own ssip im 54 i want to retire and draw on my money/pot when im 67 i want the very best pension provider for making the best amount of money/potback i want to pay in £125 a month into the pension providers that you recommend so i can really boost my state pension i want it to…
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lategenexer help please
Hello, I am using the helpful lategenexer gilt ladder builder, but unsure of the cashflow predictions. When predicting index linked values, it shows that the future withdrawals are are all the same amount, do I assume that as future RPI is unknown, the actual values should increase with the index linked redemptions, or has…
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“Apologies for any inconvenience”
It’s hard not to feel sorry for Derek. At his age this is probably quite hard to come back from, and also a rotten thing to happen just before Xmas. I know the public purse has a duty to recover overpayments, but I wonder if the same thing would have happened with a private sector employer.…
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SIPP interest 3% +
Hi All Do you know of any SIPP which pays 3% + interest on uninvested cash below £100k please? I know of Best Invest Many thanks Chris
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Do i have any hope in retirement discussion
Early 50's own property outright with a value around £220k also £120k in savings accounts. My dream is to retire to South East Asia if that could be possible but i know i would need a minimum income of £2k a month after tax to cover expenses. I dont have a private pension, only the state one. I know nothing about…
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Paying into SIPP when workplace pension is DB
Hi pension experts, I (48, single, no dependents) have been starting to get my plans in place for a hopefully early retirement. Up to now my savings have been into S&S ISA/LISA and premium bonds (emergency fund). Having read lots of the advice on this forum I now understand that additional pension saving would be a better…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
731 discussions
6.4K comments
Most recent: Voluntary National Insurance contributions by pinnks
15 January at 11:27PM
