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Early-retirement wannabe
I would like to create a topic (don't see it at the moment - other than the NUMBER thread). Who is aiming for early retirement (or who has retired early already)? When did you begin planning and what drove the decision? What is the strategy for getting there? How much of a relative decline in income are you prepared to…
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Curious question, but perhaps someone is in the know. Borrowing against a pension
Ok, so Im 49 ( 50 in Jan), no mortgage. 45k salary, wife earns 56k, 67k in savings. 385k in pension. I'm totally uninspired by work. I need a new challenge, but I do love to cook. Ive seen a local cafe for sale. https://www.mikerogerson.co.uk/commercial/property/12622885-29-newgate-street-morpeth Im probably just…
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Cannot stop Vanguard emails.
I moved my SIPP from Vanguard a couple of years ago and closed my ISA but still keep receiving unwanted emails from Vanguard that I cannot reply to as the inbox is not monitored. I have asked many times for them to stop emailing me. I have sent many private messages and they keep saying the accounts are closed but I see…
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SPPA Remedial Service Statements
These have now started to arrive. My wife has just received hers (she's a nurse) and I'm sure mine will be here soon (I'm a teacher). We both retired some time ago so fall into the category where we have a choice between the status quo or choosing the care remedy. As far as we can see there is a small benefit (about £160…
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How to read a Gilt for a pension gilt ladder?
Looking at the Gilt example above on Interactive Investor, please sanity check my understanding. So I'd buy the £100 Gilt for £96.60 if I were to buy it today and I'd get back £100 upon maturity making me £3.40 profit which would be free from CGT (good to hold in a GIA). 3.40/96.60 = 3.52% I'd also get a 37.5p coupon in…
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Financial Advisor or Wealth Management?
We are in a position where my partner has received a lump sum for his inheritance and we need advice as to what to do next. ie, pay off the mortgage, pay off some of the mortage, isas, investments and all of that jazz and we're not really sure if there is someone that looks at your whole position and advises or if we need…
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Inheritance Tax
With DC Pension Pots due to be in your estate and Inheritance tax in 2027, I'm not clear how the allowances work ? As I understand everyone has allowance of 325k plus 175k of house value = 500k Am I Correct in thinking that on first death of a married couple, the surviving spouse does not pay inheritance tax ? Also the…
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State Pension - my wife’s is much higher than mine???
Hi guys, I think I know the answer but just wanted to double check… My wife has just started drawing her state pension at age 66 (not delayed). I reached SPA in 2019 and was contracted out of SERPS in my Barclays DB scheme until I went self-employed in 1995. My NI record shows 49 “full” years. I topped up all my “missing”…
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Where to invest for adult kid for long term.
Very soon I intend(ed) to start private pensions for both my adult kids. However, the elder has worked and lived in Holland for the last 5 years and my research would indicate that starting a UK pension for him is not possible? It is unlikely that he will return to the UK in the mid term at least. Any suggestions as to…
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De-Risk as approach retirement /and once retired
Hi wonder if could help with some opinions, do posters with DC pots (not final salary) tend to de-rsk their pensions as they approach retirement and/or once retired ? My wife pension is about 75% in a 60:40 split and the remaining 25% is 80:20 split (Bonds:equity). We are hoping she can retire end March 2026 and will be 58…
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Moving a Virgin Pension
One of my pensions is an ancient Virgin stakeholder. I will probably want to draw from it in the next few years, and in doing a bit of reading around on the forums here it seems it has been poorly performing for the past 10-15 years and I should have moved it years ago.:( Oh well, nothing I can do about that, but I've also…
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Balancing the best time to take my SAUL DB pension
I have a final salary/career average pension. A large chunk of it (1990-2016) is final salary so I won't lose very much if I retire before 66 (the 67 requirement only comes in in 2027). I have just reduced to working 3 days a week and have asked for a pension projection for April 2026. I am not quite ready to stop…
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Deferring pension when moving abroad
This discussion was created from comments split from: Pension Help.
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25% tax free from one of two pensions trigger MPAA
I’m 55 and planning to use my 25% tax free lump sum from ONE of my pensions. As a scenario, consider I have two pensions: Pension A, current value £100k, DC, old workplace stakeholder pension no longer paying into. Pension B, current value £400k, DC, current workplace pension being payed into by employer and me. I wish to…
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Looking to retire next year (62)
I'm looking to retire next year - I currently have a DB pension playing out - about £11k PA - so that will take up most of my personal allowance. I also have a Civil Service pension, but rather than take that 5 years early ( and take the hit of only getting 0.76 of it's value I'm going to leave it where it is. Instead I'm…
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Non-resident landlord pension
Hi, I'm a British citizen living overseas (with no double taxation treaty). My property portfoilio has grown and the net income is now past the tax free allowance, hence I'm paying UK tax. I'm wondering if I can open a UK pension and pay into this to offset the tax liability, but I can only find info for UK residents. Does…
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Teachers' AVCs with Prudential
My Prudential AVCs are modest but have ten year's worth of savings in there. I wanted to draw 25% lump sum and leave the rest to crystallise until I have decided what to do with it (combining with other pensions into a final annuity for example). I was sent the options pack and called the number and shared what I wanted to…
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Home Responsibilities Protection (HRP) payment - How Long for Update?
Hi All I wanted to ask what peoples experience has been with claiming HRP? My mother ( who is 75) received her letter from HMRC within 3 weeks to say she was owed HRP on her NI Record. This was back at the beginning of March and has since heard nothing else about what she is owed or if her pension is going up. Should we…
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Should i stay or should i go
Hi everyone I'm looking for advice if i should stick with Quilter or transfer to HL. I have 320K in Quilter and 47K in HL. My HL is doing far better than the run by Quilter. If i had all my pension in HL i would be 24K better off and that's for this year alone. Quilter have invested my pension in stocks and shares and some…
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Take DB pension early,
Am I missing something here I'm 57 next month and plan to go at 60 In the mix I have a small final salary that's forecast to pay around £4kpa at 65 But found out if I take it next month they will pay me £3k pa so that's £24k before I get to 65 Yes it's taxable but would just pay 3k it into my current DC pension for the…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
721 discussions
6.3K comments
Most recent: Guide discussion: Voluntary national insurance contributions by JimTheseus
14 November at 10:10AM
