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LGPS and AVC questions
Newbie here so please be gentle! I am a member of the LGPS and considering taking early retirement at 58 with annual (reduced) pension of around £12k pa. I also have £50k in AVCs and am unsure whether to use these to buy an LGPS annuity or a SIPP or to add to my ISAs. Partner has retired and has sufficient DB pension of…
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Sipp advice
This discussion was created from comments split from: Topping up my SIPP using unused allowances from previous 3 years pension contributions.
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Aviva and TFLS
Hi Everyone I am debating taking my full TFLS from my Aviva Pension pot.Aviva Pensions My Future Focus Consolidation (Pre-2024) S6 But I wish to leave the remainder in the same fund. My thought process is that I am convinced that we are about to have a serious crash. (not based on the A.I.. press nonsense, but more to do…
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Active Management a sham
This Bluesky post by Paul Lewis links to an FT article that describes Active fund management as a sham, paywalled but the post it includes a couple of relevant screenshots. ”Plenty of managers beat the index, sure. But was it skill or luck? If the former, you would expect persistent outperformance. The good ones would keep…
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Government consulting on ways to incentivise greater retail investor take up of T Bills?
https://www.gov.uk/government/consultations/consultation-on-the-uk-treasury-bill-market See below a key extract from the consultation document identifying the Government's rationale behind seeking greater retail investor partipation in T Bills, to reduce reliance on more expensive medium/long term gilt financing - " 2.18…
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Pension Pot withdrawal.
I have a pension pot that is still fully invested. If I withdraw it as a lump sum I receive 25% free of income tax and the balance is taxed at my normal rate of income tax. My request is for any clarification as to the tax situation applied to the fund if I die before withdrawing the capital. The money would go to my wife…
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Claiming tax relief on pension overpayments
Hello all, My workplace pension isn’t great 5pc employee 3pc employee but to benefit from tax relief I’d like to increase my contributions into my Aviva pension. my employer for the last four months has said I can’t increase my contributions due to some software update seemingly this is never ending. If I make my own…
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LGPS Strathclyde Pension Fund - should I expect communication?
I have a deferred final salary pension with the above which I want to start taking on 31st January 2026. I filled in the deferred options pack and emailed it to them on 18/10/25 (because they said they need 3 months notice). I asked them to acknowledge receipt, which they didn’t do, but it’s showing in the online portal as…
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Claiming tax relief on contributions after retirement
I am just filing my tax return 2024/25 using online software which I have used for many years (Taxcalc).. In this tax yearI was informed that as I am under 75 and retired I could contribute £2880 to my SIPP. I cannot find an option in the pensions section of my return to claim tax relief on money deposited direcly from my…
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Personal Pension Drawdown Frequency & Accounts
Hi, just wondered how other people handle drawdown ? Monthly, quarterly, annually or ad hoc? Also; if done in larger blocks, do you have a separate bank account that the pension drawdown is paid into alongside ‘other’ income, such as DB income and Savings interest? Ie. Separate from a ‘ day to day’ account? thank in…
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Draw Down > Annuity
QQ - If I start taking my pension as Draw Down - is there anything stopping me in say two years buying an annuity with what's left? Thanks
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Amundi fund PACW
I noted whilst watching a Pensioncraft youtube video that there is now a global equity tracker fund in the UK with 0.07% charges (as compared to 0.23% for example for the Vanguard FTSE Global fund. It's also nearly a 50% discount even on the next cheapest global passive equity tracker. Is there anything to be concerned…
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Timing of pension withdrawals in a higher tax bracket
This might be total nonsense(!), but I am wondering if I can optimise my tax situation and effectively transfer some of my risk to HMRC :) I’m not sure if this logic works, but let’s say I have a bit too much money in my SIPP and I want to take some money out in the next higher tax bracket, but I don’t actually need to…
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NHS McCloud remedy notifications?
As I recall, it was originally stated that the majority of NHS retirees who were affected by the McCloud ruling should be notified by April 2025. However, the NHS pensions website has been changed, stating that this has been delayed with no revised dates given. So my question is are there any forumites who are NHS retirees…
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Final Salary LGPS
Hi, I receive an additional Increment and will recieve this until my LDS. Does this get included in my Final Salary Pension calculation or just in the CARE part? My salary is £47925, with my addt inc its £49155. Thanks
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Drawing pension - timing
I have a few different pensions and my intention as i approach 55 is 1) I can take a tax free lump sum from one of them that I intend to take. 2) take all of one of the other pensions and pay tax on 75% of it. My question is timing of this - I earn approximately 33k the first pension (tax free lump sum is about 8k so i…
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Equities exposure when approaching retirement age
Morning all, hope everybody is in good health. I am hoping to retire in 2 year , when I will be 57. Currently I receive a DB of 32k (long story) whilst still in employment. I have a S+S ISA of about £80k , which is 60/40 (60% equities) I also have a works place DC pension which is currently about £370k, I am aware equities…
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Where to invest my pension lump sum
I will be getting a lump sump from my pension of £84k and hope to retire at 61. I will also have an annual payment as part of my pension. I want to boost this annual payment by using all of the £84k over a period of 6 years until I get the state pension at 67. Ignoring interest I want to draw down £14k per year. Any advise…
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UFPLS payment in March - will tax reclaim be required?
A friend of mine receives regular monthly income from several DB pensions totalling around £19k per year. He intends to take an UFPLS payment of £40k (of which £30k will be taxable income) from his II SIPP before the end of this tax year which will bring his total taxable income for the year to £49k. If the UFPLS payment…
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Annual review should run down cash/bonds and move to 100% Equities?
I have been looking at my financial plan after updating the numbers in Voyant Go and Timeline for the new year. Things are looking pretty good in that even with the current overall investment mix which is about 60% equities, I had a 99% chance of success and even in the worst case would not run out of money until 80+ years…
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Most recent: State Pension Forecast and Buying Years by molerat
22 February at 4:30PM
