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Making a McCloud Remedy choice with Capita
Hello I
am a Civil Service pensioner with a McCloud Remedy Immediate Choice
Remediable Service Statement (RSS) from MyCSP that I can’t
do anything about now
that pensions administration has passed to
Capita. I was unable to read
or understand the RSS until recently because of health scares (and I still
have an eyesight…
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Which draw down pension
hi, I`m self employed and 4 years away from state pension age, 67, and would like to take my Reassure pension pot and open a draw down pension, which some firms are calling Sipps. I`ve spoken to a couple of financial advisers, but it seems like their fees can vary quite a lot, one even asking for 4.5% of my pot, which I…
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SIPP vs ISA balance
Hi, [First world problem post alert….] For a top rate taxpayer at what point do people think its worth focusing on ISAs at the expense of the SIPP. Generally I think SIPP is no brainer when saving tax of 47% so I have focused all my efforts there. Today I have a SIPP of 970k [contributing 3k / month] and ISA of 30k…
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Prudential / M and G - customer service response times...
Hello, Anyone else experiencing long delays for responses? I got a letter responding to a complaint I raised at the start of December about my Prudential pension. The letter (dated 31 Dec) from the person (mandg email address) handling it stated… "WHEN YOU CAN EXPECT TO HEAR FROM ME? I will contact you again as soon as I…
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How should I use my SIPP for a drawdown pension
Hi I do not know if this is something people here could help me with or if I need to pay for advice. If so how do I go about finding someone I was recently made redundant (aged 59). Decided that in todays job market, for an IT job and at my age. I will just take early retirement. I have two work pensions, both index linked…
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SIPP - practical question
Hi I have a practical question regarding reinvesting tax relief back into my SIPP. Grateful for any help, as I can't find the answer elsewhere on-line. Apologies in advance if this has already been answered elsewhere. My situation is this: I am a higher-rate (40%) tax payer who contributes regularly into a SIPP. Via my…
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45k Capita Cash Pension - What to do, need help
Hi there, I am a bit in the unknown about all things pensions and looking for some pointers and help. From a previous employer I have a pension pot with ca 45k in it just now. It's not invested, just a cash pot. Every year the pot is increasing by inflation, up to a maximum of 5% so unless inflation sits above 5% spending…
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Approaching retirement - best beginner tips?
I’m a novice when it comes to pensions. Ive only ever had DB pensions but am now 55 and wondering if there is anything obvious I should or could be doing. I’m not expecting a full IFA assessment but is there anything you would do in my position? I have 2 x DB pensions, one retirement age is 60, other (my current employer)…
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Am I better off making AVCs salary sacrificed or not?
Hi all, I have my pension with USS. At the moment I pay monthly £2.4k AVCs into the USS scheme. I also pay £17k pa into my SIPP. (Im aware this tips me over the AA. I know this removes the tax incentive, but my thinking is that at least I know Im using my AA, and the few K Im contributing above this, I would only invest in…
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Deffered benefit pension scheme Fluctuations in growth
I have a deferred defined benefit scheme (final salary) which I have been receiving annual retirement quotations from on retirement income. So that I can plan my retirement accordingly. I have noticed that over the past 8 years, the value of my 25% tax free lump sum plus income, and 100% income option has gone up and down…
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Aegon pension fund - fee overcharge since June 2020
For attention of anyone with an Aegon pension plan I have today received notice from Aegon that, from June 2020, Aegon took more than the 1% charge my plan was meant to be billed at every year. I do not know if this is a problem specific to my account, or everyone with the same plan. (I don't recall doing anything around…
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Supposed free inheritance preservation seminars
Please delete
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Bridging the gap to state pension.
Hi, I have recently given up work at 55 and will start taking my DB pension from April 26. This will provide some of my monthly income and I will then need to top up from savings (this includes my TFLS from the DB pension) or one of 2 DC pensions I have. These have not yet been touched. The DB pension will not use all of…
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Home Responsibilities Protection
Hi. On the back of the Martin Lewis Money Show, I helped my 82 year old Mum, who is being treated for multiple myeloma, to apply for missing HRP in July 2025. Despite a number of calls to HMRC, initially confirming in the first call the application had been received (albeit she received an auto email confirming this) and,…
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Sense Check Please!
Me and the missus are retiring in two years time aged 57. She will have an index linked DB pension paying £20k gross. I hope to have my DC pension up to approx. £300k and we will have "cash" (ISA etc.) savings of approx £150k. We also have a rental house in my name and a house in her name (its actually 2 houses each which…
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USS pension - what happens to Investment Builder on death?
Hello I see there's a few USS queries on here but none addressing my concern - which is what happens to the Investment Builder pot when you die? From what I can work out, it's not directly inheritable - which is surely a big downside of keeping funds in there after you've retired? My situation is that I have (been) retired…
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Discretionary trust
I sincerely hope that this is the correct forum, if not please let me know and will move it. My son received a payment from the CICA and a part of this is in a Discretionary trust which was an insistance from the authority. My son is now 41 and his award was made in 2021 following the incident in 2009 when he was 25. There…
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Student loan, increase pension payments?
My daughter is 24 and in her first year as a qualified teacher. I don't know much about student loans, but they are in the news much more. She is not thinking about her pension at her young age, but I believe she earns around £35k. Would someone earning £35k be paying off a student loan and would it make sense to increase…
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New HL fee structure from 01/03/26
Just added a new thread onto the Savings & Investments board ( https://forums.moneysavingexpert.com/categories/savings-investments ) about changes to the HL fee structure. And so just in case anyone has a HL SIPP and doesn't visit that board then I thought I should post here too to as there are quite a few changes and I've…
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Retirement Funds - advice and ideas welcome
Hi guys, long time lurker here, looking for suggestions on how best to play my money in retirement. There's not much to play with to be honest but I am going to retire this year that's a definite. I'm 66 in July, full state pension due November 30th, currently working three days a week (I just dropped down from 4 days a…
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Most recent: Gaps in National insurance contributions by molerat
12 March at 10:53PM
