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Gilts - pricing
Been looking on Bell at the gilt offerings they have. Quick Q - I am assuming the prices for older gilts issues are all dirty and include the accrued interest?
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Advice on Drawdown (currently Vanguard) please
Hello I took VR last summer, so am now retired. In the new tax year I intend to start drawing on my main DC fund with Vanguard. I don't want to take the 25% tax free lump sum yet (though may do so for all, or most of my DC pots at some point) Looking at the vanguard website the option for regular payment is "Flexible…
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USS Tax Free Income Builder and Investment Builder Lump Sum
I am so confused as being able to do the above sounds too good to be true and why would you not? I asked USS and they confirmed this was possible but today I spoke to PensionWise who thought it is unlikely to be the case and only 25% of Investment Builder would be tax free. USS website says : 'If you take your Retirement…
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Who's at fault?
This is in relation to an NHS pension. I started working late 1980s but didn't contribute to NHS pension. I had a private pension which was 'sold' and purchased some years of NHS pension. The date this was meant to take me to was Jan 1992. I have correspondence from NHS pensions quoting that date but they now say that the…
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Taking pension, continue to work.
Hi, Hopefully someone can help, I will be 60 in June & plan on taking my DB pension & continue to work for 1-2 more years. My pension will be approximately 60k lump sum & £800 per month. I earn approximately 45k per year,so pay a higher rate of tax (Scotland) My question is would I be better to pay £800 per month into my…
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Crystallised / Non Crystallised help
Hi all. Im taking out an Annuity, using some of the funds from my SIIP with Interactive Investor. I cant get my head round how Interactive work out what is my crystall/ non-crystall pots in my SIIP. With Hargreaves you see online the exact split of value and what funds are in the 2 pots. My plan is to use everything in my…
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Defined benefits pension
I have a defined benefits pension from a previous job. I can now take that pension without penalty as I am over 60. I am happy in my current job and have no pans to retire. My DB pension is £21k pa or £100k tax free and £16k pa. I am not sure whether to take the pension or not as I am still working, although it seems silly…
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Switching provider to access pension
I'm planning to begin drawdown from my DC pension from April 2026, I'll be 59. My current provider, Reassure, don't have an option to drawdown from the existing pension, and would need me to switch to a drawdown account with Standard Life. I am unsure if that's a sensible thing to do. For background, my pension was…
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St. James' Place - Pensions - Am I stupid for being concerned?
I’m looking for opinions on whether my concerns are valid or not as I’m not experienced in pensions or investments. An advisor from St. James’ Place contacted me on LinkedIn, mentioned that they work with ‘my colleagues’ and offered a free initial review into whether they can help with my financial planning. For context,…
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Is scheme specific lump sum protection *additional* to the LSA?
I have 2 pensions, neither accessed yet - the older one has "protected rights" of some kind on it which I believe is the same as "scheme specific lump sum protection", namely at some point in the distant past I became entitled to take more than 25% tax free from that pension and those rights still exist, potentially. I've…
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Vanguard - Moving funds to drawdown and change to II
I have posted about this before last year, but I was given some incorrect information by Vanguard then. I usually keep 2-3 years money in a STMMF which I would like to use for drawdown, in case of market fluctuations. When you go through the drawdown process you specify which funds or cash to move the money to, but you…
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DWP forecast says 34 years out of 35 is only pennies less per week than full state pension.
My wife spoke to DWP today to discuss her pension forecast and was told that if she only qualifies for 34 out of the 35 years, her forecast says that although she will not receive a full state pension, the amount will only be 16p less per week. I asked why and was just told that's what the forecast says and it is different…
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Work pension withdrawal
I am planning ahead for my pension withdrawal. As I hope to get back into paid employment for the next ten years, which will likely use up my basic personal tax allowance. I currently have approximately £100,000 in a workplace pension with Scottish Widows from a former employer. While I do not need the funds immediately, I…
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Can I withdraw tax free cash from my pension and transfer to my wife's pension?
Hi all, any general feedback is appreciated. My wife (56) is retiring this tax year (end of March 2026). She has paid ~£3K into her pension this year, leaving around ~£57K of her allowance available. I am also 56. I have a pension pot, but I have not taken anything from it yet. We are trying to achieve an income from her…
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Workplace Pension Question
Morning All My company have a Lifesight managed pension scheme provider. I pay in 8% of my salary and the company match with 12.5% I earn £57300 and I'm slightly confused on the 40% tax sketch. If I increase my contributions to take my salary down to basic rate at £50270 will I benefit by not paying tax at Higher rate?
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My second annuity payment due is lower than expected
Hi all, I had a small pension and decided to get an annuity with L&G. I received the first payment yesterday with the amount I was expecting of £337. Anyway, the next amount due to be paid is showing online as £283 which is £53 less than the first payment. It also says it's estimated. I also have another small pension…
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Moving pension from st James place.
Hello I have a pension with St James place and I was thinking of taking control of it myself. I was looking at putting it in a SIPP someone like Aj bell.Was wondering if anybody had done the same thing with their pension.
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PPF pension lost on death? Was advice in life misleading?
TL:DR - Mum passed away at 61, left a pension with PPF. Seems she was already eligible for various options including a £12K lump sum. PPF tell me we have no claim to this upon mums passing. Anything I can do? I also think they've provided misleading financial information discussed below. Looking for any help, guidance and…
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Alpha added pension 2026-27 via monthly salary but retiring during the year
Hi, quick question to do with early retirement. If I go for early retirement in 2026-27 taking reduced Classic and Alpha/added pension, what happens to my Alpha added pension monthly contributions via salary for 26-27? The application deadline is 6/3/26 for contributions to start on 1/4/26 and I still want to do this to…
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Advantages of taking civil service pension before NPA?
Sorry if this is a dithering question but I often read that actuarial reduction for taking Classic before 60, and Alpha before 67 (SPA), is a big hit (4-5% reduction per year before NPA). Therefore many people defer taking them until NPA, using ISAs etc to bridge the gap. Coming up to 56 and am considering the reduction…
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Most recent: Gaps in National insurance contributions by molerat
12 March at 10:53PM
