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New State Pension
I retire this year and have received the letter from DWP saying how much I'll get. It's about £20 a week more than the 2025-26 figure of £230.25. Does anyone have an obvious answer why? I haven't deferred and I understand than any extra from SERPS is lost because the new pension is much higher than the old. Thanks and…
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SIPP investment in Property
Hi, I have come across a SIPP investment opportunity that almost sounds to good to be true. This is the reason I am very reluctant to invest any of my underperforming pensions. The company is called Dolphin Capital and the investment returns 12% per annum. The investment will be in Germany in listed buldings. The company…
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What happens if I overpay into my pensions?
I may end up overpaying into my pensions for the 25/26 tax year. Finishing work on July 31st and won’t work again this tax year. Paid about £1,500 more than my taxable earnings into my personal pension so far this year. And I don’t earn anywhere near the £60k required to access previous years’ carry forward. Do I have to…
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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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Maximum tax free lump sum with Certificate for Fixed Protection
I have a Certificate for Fixed Protection issued in 2012 entitling me to a lifetime allowance of £1.8m. I'm not sure whether that affects my Lump Sum Allowance? Any advice would be really appreciated. My details are as follows: * I have unit linked personal pension plans with a combined transfer value of £1,195,000. No…
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Pension transfer refused due to incentive
I have a small defined contribution pension from a prior job. It's sitting with a pension provider that offers a limited set of high fee funds. Hargreaves Lansdown are currently offering attractive cashback rates for transfers so I thought I'd consolidate this old pension into an existing HL SIPP. - less bureaucracy…
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Work 4 months - earn a “full year” of NI for state pension?
If I work for the first 4 months of the tax year, and then don’t work for the remaining 8 months, will I get a full year of NI towards my state pension? Providing I have had taxable earnings of over £6,500 up to 31st July 2025? is that right? is the “lel” the figure I need to reach? is this £6,500? or does it have to be a…
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CETV - DB Transfer
Yes yet another thread on this topic ! My scenario is that due to the rerating of markets I requested the latest CETV for a modest DB pension I have. It wouldn't even cover my monthly CT bill in today's values. Quite unbelievably, it has come through as £30,036.50 ! Obviously, it is right on the bubble, and £36.51 is…
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Going back to work as an external consultant for my employer after retirement
I wonder if anyone can help with this please? I am due to retire from my post in higher education at the end of August, and had been asked to come in and do some work post-retirement as an external contractor. I'd assumed this would be straight-forward (my colleague did the same thing without problems last year), but I've…
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Tax Free Withdraw From Pension
Is the Tax Free Withdraw From Pension a once only or can do you again in another tax year?
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Classic Pension - Abatement or Defer?
Hi, I've worked in the Civil Service since 1987, and accrued both Classic and Alpha pensions. I've just passed the age of 60 and I am looking to partially retire from 4th August 2025, I am planning to reduce my working hours to 70% I have received my MyCSP pension quote and have considered that Option B of the 2015 Remedy…
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Filling out the class 3 national ins form.
I have worked out I need to start making extra class3 contributions I am in no rush to make up the short before this years deadline, I have the form CA5603. I can't find any help online to help me fill out the form , 3 HMRC help lines are hopeless , Qu.9 Asks what date do I want to start? Is that the date I wish to start…
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USS Ill-health etc
Can anyone help me with working out how USS calculate the amounts for ill-health retirement etc if you earn above the salaray threshold? I have been looking at the information for this and for death in service etc and at various points it says 'The salary threshold doesn’t apply when we work out their pension – it’s based…
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MyCSP
Hi, I'm not really sure what to do with MyCSP. I am retired, living on the Isle of Man. I gave MyCSP the four months notice of my impending retirement on the 17/11/2023. They sent me forms to fill out which I did and sent them back on the 12/10/2023. My retirement date came and went and I had heard nothing. I emailed them…
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Sanity Check
We are considering moving house, which will result in a net spend 300k, I will finally retire at the same time. So would just like to sanity check my figures and get opinions on whether people think I'm over stretching myself. Currently 60 years old, wife 58 (she will retire in two years time) Current position 560k Cash…
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NHS pension and tax
I'm getting to the stage where I feel unwell at the thought of going into work. It's management, staff shortages etc. Remedy calculation as of march 2014 - lump sum £30k and pension £11300. Non remedy calculation as at march 2024 - lump sum £22500 and pension £12100. If I take either one of the 2 scenarios, will I pay tax…
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Small Pot and HMRC tax code
Just highlighting my experience: I received a £10K small pot via my SIPP held by Hargreaves Lansdown. It took about 36 hours from instruction to sell and £ value realised. Though wish I'd help of a couple of weeks given most recent surge in share values (but hey ho). On application for small pot it took about 9 days for…
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Frustrating experience with Aviva's pension customer service
I’m very disappointed with the poor level of customer service I’ve received from Aviva regarding a simple pension query. I called to request a tax-free withdrawal of 25 percent across three pension policies. I explained clearly that I wanted to take 100 percent from one of the smaller, underperforming policies and then…
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Percentage of LTA - NHS Pension
I have already retired but I couldn’t claim my 1995 early as I left the scheme before 2008. All later payments were after a more than 5 year break and into the new scheme. I’m now completing the AW8P to apply for my 1995 NHS pension (and possibly the others, still dither) at 60 later this year. I have already accessed a DB…
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Claiming deferred State Pension
I retired from Self-Employment some years ago, but deferred claiming my State Pension. I’m now trying to claim it but am confused by the question “What date do you want to claim State Pension from?” On enquiry they say the first option is to claim from 21/02/24 as that is the furthest they can backdate a claim - if I claim…
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Most recent: Backdated National Insurance Contributions by 1957DfurdPensionist
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