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LGPS transfer question
Apologies as I know this question comes up regularly but I would welcome your thoughts. I have LGPS membership from 1995 to 2024 (some gaps due to time out and maternity leave but all joined together). I have approx 9 years pre 2008 and 4 year pre 2014, the rest CARE. I changed jobs in 2024 and moved straight to another…
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Civil Service Alpha - just joining at 53 and need some advice
Hi, I'm looking for some advise around my pensions (and whether finding an independent financial advisor would be any use) I'm 53 I have 4 different pensions from the various companies I've worked for over the years in total these hold about £200k in total (two have around £10K and two have around £90K) there's nothing…
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HM Forces contracted out pensions.
Does anyone know how to locate where my Royal Navy contracted out pension provider might be? I have had nothing but useless info from UK Veterans AFPS at the moment.
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Will my work pension be backdated when first paid?
I have a deferred
Final Salary pension with my current employer. The scheme was closed down over
a decade ago, and replaced with a Money Purchase one, as so many schemes were. I am considering
retiring soon and drawing this deferred company pension, but not the subsequent money purchase one for now. The work pension…
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Which annuity provider? How to select one?
I'm 75, retired, 50% of our investments are in S&S ISAs and 50% in my drawdown SIPP. Overall around 65/35 equities/fixed interest. I'm considering transferring some or maybe all of my SIPP into an annuity as a means partly of risk reduction and partly to reduce the need to constantly monitor performance & fiddling. I'm…
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Starting a pension fund for adult children
My children are both in their early 20's and are currently both undertaking postgraduate study for at least the next two years. They both work part time, one on a "Bank" contract and the other in a small company, to support their studies. They're both back at home for another year at least, and we already help them…
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The annoying theft by NEST in the name of pension!
I am working at a private firm and the NEST started taking pension amount from my salary! My employer didn't fill me in properly about the opt out scheme. Then I opted out and NEST took another £80 again. I haven't received any letter yet. No human beings there to talk! Moreover I wont get a refund! I am an immigrant in…
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Accessing small lifestyle pension pot
Hi I’m 60 yrs old , semi retired taking monthly drawdown from a decent pension pot I also have through my previous company a lifestyle pension of 50k which I haven’t contributed to in around 3 yrs I would like to explore the possibility of getting access to the 25 percent tax free amount of the pot, At first I thought I…
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Civil Service McCloud backdated payments?
Hello, I retired from the Civil Service in June 21 aged 52 and
claimed my Classic pension straight away. I’m now 56 and put in a request to start my Alpha pension a
few months back to hopefully trigger my Remediable Service Statement as I had
not received it. I received a letter today showing my options and the…
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Letters from DWP
I've kept every letter from DWP since I started claiming my pension in 2008. Do I need to keep them all? If not, how far back should I keep?
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When is 268k not 268k?
This will it/won't it around reduction of TFC is doing the rounds at the moment as we all know. I've a thought on the TFC which I'd like to sanity check. So keeping numbers simple. With the [current] limit of 268k then if you made a 40K UFPLS withdrawal you'd chalk off 10k of your TFC off of your 268 limit. The 10K for the…
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£52,000 Pension pot, I want to take all out and pay as little tax on it as possible
Quite simply and without going into too much detail I am unlikely to reach the 67 pension age, and if I do it will not be long after etc etc, like I said not worth going into. I have been quite ill this year but right now I am OK ish and looking for a little more work, I am an electrician. I have already taken my 25% from…
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Group Income Protection Lump Sum Offer
Hello All - looking for a bit of guidance please - I have been offered a lump sum of £80k by the GIP insurer via my employer. I have been receiving gip for 22 years and have seven years left to run until I reach my retirement. My employer is currently making widespread redundancies and I can be made redundant even when in…
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Passed probation at large corporation, now offered different pension, should I transfer to it?
Hi guys, I'm earning £65k per year and have recently passed probation at a large corporation, with this I am now entitled to a different pension, I’m currently on the company auto-enrolment level but am curious about the ‘Level 3’ option they offer. I am looking for maximum money in my pension but also don’t want my take…
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Annuity at 55?
Afternoon all! I turn 55 early next year and have a 45k pension pot from an old employer. I will have a decent pension from my current workplace when I retire at 67, however at the moment i'm not exactly 'comfortable' money wise - I have a reasonably decent salary but am single so all mortgage/bills etc are paid by me -…
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Ill health retirement
Hello A bit of advice would be much appreciated…. My partner is about to take ill health retirement in a defined contribution scheme. He has over ten years NPA His two options would be Take an annual salary of £42,500 and a tax free lump sum of £189,000 Or Take an annual salary of £39,008 and a tax free lump sum of…
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Early retirement- capital to regular income
Hi I’m planning to retire in three years time when I hit 51. I’m hoping this can be to Cyprus but one of the rules there is ability to evidence regular income of £30k a year. I will have around £190k of shares to sell to fund the first 5.5 years in Cyprus until I hit 57 and can draw my pension. However, I don’t think…
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financial adviser
hi all, I am on the lookout for a financial adviser who is good with pensions, assets split in divorce, etc... can you recommend a decent one from your own experience? TIA
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BTPS pension offset & NI contributions beyond 35yrs.
Hi, i appreciate there are various posts around this topic but i’ve not found anything to specifically answer my query. I am a BTPS section C member and I noticed in a recent retirement quote a not so insignificant “pension offset” decrease when i reach state pension age. ive read all the BTPS blurb & fact sheets, several…
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Help with working out balance remaining of pension lump sum allowance
I didn't crystallise any pensions before 6th April 2006. Between 6th April 2006 and 5th April 2024, I crystallised one DB pension. This was in March 2011. The total value of the benefits taken then was £475,506. The amount of LTA used then was 26.41% (the LTA ceiling then being £1.8 million). The tax-free lump sum taken…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
715 discussions
6.3K comments
Most recent: Delays for P55 tax refund from HMRC by Fishingtime55
22 October at 8:39PM
