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Pension recycling query
I apologise if this has been asked many times before but I tried searching the forum for "recycling" and it came up with a lot of non-pension related threads! Anyway, I am rapidly approaching my 60th birthday and have a small pension pot with Scottish Widows that is due to be available next month and I need to decide what…
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Civil Service Pension Tax Code means I'm worse off?
I can't understand why my civil service pension has increased this month, but I'm worse off because my tax code has been changed from 194L to 3L? My State Pension has gone up from £921 to £943.10 - is it to do with that? What's the point of increasing the pension but then making people worse off by changing the tax coder?…
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Paying £2880 into pension when retired
Jamesd wrote in another thread the following: "She can make £720 a year tax free by paying 2880 net into a pension, having it grossed up to 3600 then withdrawing it. Can only do the withdrawing part from age 55. Can only pay in for this until age 75." I have just retired at 60 and have transferred my DC pension to a new…
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Vanguard SIPP - Timescale for drawdown
Due to the increase in the Normal Minimum Pension Age from 55 to 57 in 2028, I’ll only have a 3 week window after my 55th birthday to move my pension into drawdown. My current workplace pension provider can’t guarantee they’ll be able to process this within that timeframe. I’m considering transferring to Vanguard, as I…
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SIPP and IHT
I am still baffled by the new IHT on pensions that will come in next year. I have inherited a SIPP, which allows tax free withdrawals. I have written in my letter of wishes that this passes on to someone. It seems if I die before 75 this will also be tax free. But, as of next year there will be 40% IHT on the pension pot.…
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Pension Schemes Bill passes through Parliament and in to law
https://www.pensionsage.com/pa/Pension-Schemes-Act-comes-into-force-in-landmark-moment-Bell-says.php New phrases we will hear more of include, the pension dashboard and mega-funds. PPF and FAS members whose original pension schemes offered pre-'97 indexation will get the max 2.5% uplift - likely to start from 1st January…
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Question about planned SIPP transfer
Hello, To take advantage of a 1% cashback offer offered by a platform called Freetrade, some time ago I initiated a SIPP transfer from my current provider, Interactive Investor. I just got a secure message from Interactive Investment informing me of a particular limitation which Freetrade imposes on SIPPs held with it…
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Royal London Income Tap
Has anyone used the Royal London "Income Tap" to use as taxable income withdrawals. I am understanding that you can allocate a portion of your fund from your main investment portfolio into a deposit fund where it is protected from stock market fluctuations. I was looking to move about 12 months of monthly income payments.…
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Pension transfer with GAR
I wonder if anyone can help me with a query. My partner has 2 policies with Royal London (ex CIS) they both have GAR. One is listed as a personal pension plan the other says appropriate personal pension plan, the former has a transfer value of approx £18500 the latter £40,000. She enquired about transferring the £18500 one…
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A German Pension for an Englishman who finds out he can be German?
I am born and bred in this fair land and have worked here all my life. My mother is German. The Germans have changed the law so that I can now become German via my mother. Now here is my question: do my contributions to the UK state pension entitle me to a German pension. If the UK was still in the EU I think the answer…
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70 and wanting pension advise please.
Hello, I would be really grateful if anyone could give me some advice on the best way to proceed with claiming my pensions. I have been on the pension wise website and completed the questionnaire but am still confused with options. I have 3 pensions that are with one provider and I with another. My aim is to take the 25%…
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Teachers Pension Scheme and CPI increase
Hi, My wife will be taking her pension this Friday (10th April) which is obviously after the 6th April when the 3.8% rise applies. I understand that any rises when the pension is in payment will have their first increase apportioned. As her pension was NOT in payment on 6th April 2026, and I assume she was still a deferred…
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The time has come!
Tomorrow is my last working day in my current post after a very very long time 😊and then, on Friday, I have my farewell section lunch and official celebration. Fortunately no problems with claiming my pension from SAUL. Lump sum is due early May and first pension payment later in the month. I have things organised for the…
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Pension Bee - honest experiences sought
I'm thinking of using Pension Bee to consolidate my pensions. I am aware of my main public sector one but I have a number of small private ones that need tracking down, which I could probably do myself - but seeing a recent ad for Pension Bee made me think that it might be easier for someone else to do the legwork. Most…
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PCLS recycling
This FOI request may be worth keeping an eye on for those interested in this subject. https://www.whatdotheyknow.com/request/pension_recycling_investigations#incoming-3391967
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SW (old) Work Pension plan
I have 4 funds on my SW pension plan: 1. Scottish Widows Global Equity CS8 2. Scottish Widows Pension Portfolio Two CS8 3. SW SSGA International Equity Index CS8 4. SW BlackRock ACS World ex UK Equity Tracker CS8 On my SW online account there was a £32.54 cash balance, when I queried it SW said that it was a fee and later…
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Are my pensions going to be enough?
I'm 50 Top photo is from a place i worked at for ten months Bottom photo shows my Aviva private pension; pay £120/month into it. Payslip shows my current payments to a workbased pension, can I ask them to increase this? How much am I getting off it? Any good? How do these compare with police/pcso/nurse pensions I heard if…
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On track to retire at 50? Pension diary
Hello all, After moving into our new family home and having our first child soon, I have spent some time looking at pensions to ensure they are on track. I spend a lot of time supporting charities and would really love having the option to retire at 50 to focus more of my time supporting them. I would estimate that with my…
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Pension with Aegon
I think Mr.Leiws needs to highlight the problems people are facing using this incompetent company. After announcing that they are to be bought by Standard Life in the UK, their website is unusable. I am unable to log into my account, check my pension, make alterations to it and this has been going on for months. This is…
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Lifesight Pension - any good?
My DC pension pot is with WTW Lifesight. I've around £500K in there. I'm at the stage in life where I'm looking into moving into drawdown. I have protection for my tax free lump sum of 26.7% (from my previous employers scheme that was transferred in). I've seen very many bad reviews of Lifesight on the TrustAdvisor site -…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: Guide discussion: Voluntary n… by Haydn_T
22 July at 9:34AM
