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Annual Earnings Into SIPP And Tax Relief
My friend has her own business which earns circa £18k per year. She understands that she can contribute 100% of her earnings into a SIPP to provide a pension, obtain tax relief and also avoid paying income tax on her earnings about the threshold. So 12 months ago, she opened a SIPP and funded it with her annual earnings.…
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MSE News: 'Give families more time to pay Inheritance Tax bills on pensions', Lords Committee urges
Families should be given at least 12 months to pay Inheritance Tax (IHT) once it starts being charged on pensions from April 2027, a House of Lords Committee has told the Government. In a new report published today (Wednesday 28 January), the Committee also recommended that late-payment interest is frozen for two years…
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Looking for a new pension provider.
My current £400k DC pension is with Standard Life and until now I have been happy enough but I need to move it. I’m looking for suggestions/recommendations. Not my original plan but I found out that I can get an enhanced annuity of £7,900 pa for £150,000 (3% growth, 50% spouse and 10 year guarantee) and I could then use…
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41 years paying into CSP
I applied for partial retirement as advised 5 months before my 60 th birthday but they couldn't even get the date right . They chose the day before - I was told in October I would get another offer by e-mail within 5 working days, I am still waiting and on part time earnings only. So stressful my thoughts are with anyone…
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Teacher's Pension (TPS), faster accrual arrears and reclaiming tax
Hi I'm really hoping someone can give me some advice with regards to getting a tax rebate for paying a TPS faster accrual arrears. I am in the Teacher's Pension Scheme and have always paid extra for Faster Accrual. Normally this comes out of my gross salary and is all sorted out between TPS and my HR department. However,…
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Short Term Money Market Fund
Folks Put me right here please. I noted the below on Bell as a possible alternative to setting up a gilt ladder to preserve what I have in the SIPP. Couple of Qs. What is the risk compared with gilts? It seems I may receive a wee bit of growth? Is this right? The primary aim is to preserve what I have in the SIPP until SP…
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MSE News: WASPI compensation rejected again following fresh Government review
Women who argue they were not fairly notified about a rise in the State Pension age will NOT be paid compensation, the Government has announced today (Thursday 29 January) following a fresh review. Insisting that the majority of affected women knew about the change, ministers said a compensation scheme "would not be the…
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McCloud Remedy
I joined the NHS pension scheme in 2003 and left the service in 2022. So a large proportion of my pension is affected by the McCloud Remedy. I am now 60 and was hoping to take my pension this year, so I need a comparison between the standard pension and the remedy. I have been in contact with the NHS Pension, but with no…
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advice on regular payments into a SIPP please
hi following excellent advice on here regarding an old DB pension, im now ready to leave that alone and start regular investments into an existing SIPP for the next 5 years when i retire (im 60 now, planning to retire at 65). i have a Hargreaves Lansdown SIPP, its around 7 years old and has grown from £80,000 initially to…
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Ministers still reject Waspi calls
A bit surprised this hasn't been posted yet but the Government's latest decision review is once again a "No". BBC report at https://www.bbc.co.uk/news/articles/c1jeyn3yxn9o I thought of adding this at the end of the previous post about this, but thought it might confuse any new readers if they started at the beginning of…
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Pension Being Withheld
I don't know if anyone can help me. Last year my husband hit 65, he works full time and through his employer had two pensions. One with Clerical Medical which in 2009 was stopped but held in trust (as far as we know) and then the pension went to Aegon. In June 2025 we saw a financial advisor who got the Aegon pension…
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Aegon & flexi access drawdown - anyone done it?
Hi all, I plan to drawdown some pension in the reasonably near future. I would like to use flexi access, adhoc drawdown i.e. every now and then I sell some of my funds into cash, crystallise them (maybe by moving them into some sort of "drawdown" account), then transfer into my bank account with 25% of that being tax free,…
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Government State Pension Contact Phone Number?
Tried calling 0800 731 0181 then states I have phoned an incorrect number. Anybody have a correct number please.
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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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Paying into a SIPP when reliant on UC - any advice?
Randomly started thinking about pensions today. I am 50 and reliant on UC for health issues. I sincerely doubt I will return to work so am pondering if I should try and pay into a private pension/SIPP of some sort now to help bolster any state pension I qualify for. Would £25 paid in a month + some fees be worth it? Or…
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UK retirement planning tools
Hi,I'm looking for a DIY retirement planning and drawdown tool that can make suggestions, especially around tax. There are lots of options in the US, but in the UK I can only find a product from Retireeasy.co.uk. Does anyone have experience with this tool, or know of UK alternatives? Thanks,
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Seeking beta testers for a pension planning app
This discussion was created from comments split from: Pensions Planning: The NUMBER.
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HL fees reducing
Interesting that HL are reducing their account fees - e.g. for SIPPs and ISAs from 0.45% to 0.35% for first £250K https://www.hl.co.uk/help/income-and-fees/fees-explained/fee-changes Maybe the ii and A J Bell TV adverts are having an impact! Still any reduction is welcome But there is now a £1.95 charge per trade…
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Gilt ladder implementation Query
I have recently retired and will need to access cash from my sipp from April. I am 60 and will receive DB when I am 65 . So my plan is to use a gilt ladder to live off until DB kicks in. What I am unsure about and maybe it doesn't matter is , do I construct 5 year gilt ladder or 4. if I do 5 years one gilt would need to…
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Spouse Inheriting ISA's
I believe that when a spouse inherits ISA's that there is a Additional Permitted Subscription that can be used. My question is would the building society inform the recipient of this at the time ,as I would imagine its something that could be overlooked at a stressful time and may lead to some losing the tax free status of…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
