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NHS Partial retirement and Redundancy 13/11/2025
I am in this position. I took partial retirement in March 2025, to get my lump sum for home improvement's to enable my husband to come home from the hospice, he unfortunately didn't make it. This seems so unfair. I haven't had a break in service 35 yrs in total I reduced my hours by the required 10%. I worked 37.5 hrs one…
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LGPS CPI PENSIONS UPLIFT
Hi, If i retire on 31 May 2026, how do i calculate the CPI Uplift for 26/27? Also, would my Pension increase in the 25/26 tax year? Thanks
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Pension Transfer Value query
Morning All My FA has advised that I transfer one pension pot to another to make it work as good as it can for me. I'm attempting to do this on my own - he wanted approx £500 and VAT, Hes said that if i fluff up then he can do it. Ive had the paperwork back and have a query. The current value of your Collective Retirement…
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Locking In Annuity Rates?
I have a friend who would be a perfect candidate for an
annuity. No dependents, very risk
averse, no existing DB pensions apart from the state pension. He’s reached the point where he almost certainly
has enough in his pension to fund his retirement, and now he’s looking to
downshift and just tick over until pension access…
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Civil Service Pension - promotion after partial retirement
Question for you clever folk. I took partial retirement (Civil Service) in July - reduced my hours by 20%, took 16 years worth of Classic pension (of 18.5) and all accrued alpha. When I eventually fully retire I will take other 2.5 years Classic and new alpha accrual based on new salary. Because i took 16 years Classic and…
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NHS Pension and Redundancy
It looks like there is a strong possibility of redundancy just around the corner. That's not all bad, I've been planning my bridging pension for some time. It looks like if it did happen any redundancy payment would be made in the current financial year and a very big chunk (I'm aware first 30k would be tax free) would be…
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SIPP to ISA ?
Hi, Is there any benefit to keeping a large amount in my SIPP, i'm thinking of slowly moving it to ISA I have exceeded TFLS in my SIPP, wife will probably be close to the limit in 5 years time when she retires I'm thinking of drawing down up to the basic rate of tax next year, and move that either into the wifes pension or…
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Changes at MoneyHelper unfortunately.
Changes on MoneyHelper as per the title. Hopefully the link below is helpful to some. *** https://www.thisismoney.co.uk/money/pensions/article-15266623/MoneyHelper-directory-retirement-financial-advisers.html
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Recycling help
I was planning on taking 4k TFLS out of one of my pension pots for Xmas. I had planned to put 5K into my another pension but was concerned i'd be breaking the recycling rules. Can anyone please advise Thanks in advance
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Another Q about a using second provider.
I am retiring next spring, three years ahead of SP age and two years ahead of
commencing a DB pension from my current employer (where the NPA is 66). I've three DC pots, one (about £85k) is in an ii SIPP and two with personal
pension providers, both about £200k each. One is a Scottish Equitable mixed
fund that has been…
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Defined Benefit Pension
Hi, I have a Defined Benefit Pension which is less than £30k. I wanted to transfer this across to a Defined Contribution Scheme, but so far I cannot find a provider who is will to take it. This means I am going to have to take 25% tax free, which is just under £6k, an the remainder as an annuity - works out about £80 per…
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This is not pension recycling, is it?
I plan to earn about £56k this year and I'll be retiring in February 26. I have saved about £10k into my DC via SalSac for this tax year. In previous tax years I have maxed out the tax relief allowance via same way. I want to take a £30k UFPLS and a £20k TFC lump sum at the start of next tax year after I've retired. Is…
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Crystallise an untouched pension in one's 80s?
A relative in her mid 80s has never touched her DC pension. Nor does she ever intend to touch it, as she lives frugally within her state and widow's pension income, and also has other (GIA) investments that would cover any care costs should such arise. Would a "benefit crystallisation event" have occurred automatically…
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Carry Forward sanity check
I want to check how much I can top up my pension this year via personal contributions. I am paid through an Umbrella company and expect at the end of this financial year to have Gross Pay of £65k and for £58k of employer contributions to have been paid into my SIPP by the Umbrella. I have £50k of carry forward allowance…
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Confusion over McCloud option selection
Like many others, I have been sent the RSS pension choice illustration. After choosing the Alpha option with increased lump sum, I am now informed by CSP that I will not receive the stated sum because I did not specifically request it in the correct tick box. It was not stated in the documents that this was an additional…
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Where / How to find out Tax Year State Pension payments?
I am trying to find the total (gross) state pension payments I received for year 2024_25 and what tax was deducted. This seems difficult to locate. I can see a summary for my company pension but not the state one. Where or how do I get this info online or do I have to contact the DWP / HMRC or whoever? Thanks.
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LGPS Standard AVC's and Shared AVC's
Hi, Does anyone know why you can put all your Pensionable pay into a standard AVC but not into a Shared cost AVC (Salary Sacrifice). Thanks
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Early retirement civil service
I am hoping to retire early from civil service, thinking next April. Currently this years pay rise has not been sorted and is still being negotiated, (could be between 3% and 8% allegedly and backdated to July) Most of my years have been in classic scheme so my question is how much impact will this pay rise have to my…
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Withdrawing cash from works pension.
Hello. I am due to retire in October 2028. Can I withdraw money from my works pension before I retire ? My pension provider says I can't, the Gov.uk pensions site says I can withdraw up to 25% tax free, which is correct please ? TIA, Andy.
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Dial down the risk?
Other than £65k in STMM funds put aside for early retirement My Sipps contain: 62% HSBC FTSE All World index 27% HSBC Global strategy Dynamic 11% in a 5 year Gilt ladder starting 2034, when I’ll be 68. Plans beyond that are vague, maybe an annuity at 75 with part of it, unless I die we won’t actually need any income from…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
727 discussions
6.3K comments
Most recent: Voluntary NI contributions cut off 2025 by Silvertabby
19 December at 7:04PM
