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Moving Pension funds from LandG to my SIPP
Cant believe how badly I have been treated by LandG. Having had a pension with them for about 10 years I now see their performance is scandalous so decided to shift the funds to my SIPP. Asked about process in August and now told I have to get an appointment with Money helper and first appointment is 28th Jan 2025. Is…
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Calculating new salary after salary increase (with pension deductions)
Hi all, I work in the Civil Service and had a increase which came into force from this month. I can see my new annual salary on this month’s payslip, but because the increase is backdated to 1 Aug (so I have 4 months’ worth of the increase on this month’s payslip - Aug, Sept, Oct, Nov), this month’s take-home pay doesn’t…
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Aviva Pension Plan and Personal Information
I've got a small (worth about £1900pa) pension pot with Aviva about to pay out, and I recently received in the post a document pack to fill in to get a quote on the options available to me. One of the documents is an optional form looking for information about height, weight, alcohol consumption, are you a smoker, and…
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Retirement / Drawdown / IHT Planning - What would you do and questions to ask IFA?
My situation is maybe an edge case that has / will be deeply impacted by the proposed reforms to bring pensions into the estate for IHT purposes. I am a single 53 year old man who turns 55 in April 2026. I am the sole parent of 2 teenage boys having lost their mother to cancer 7 years ago. I have a compromised life…
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Pension Fund and IHT proposals
My pension pots are fully "chrystallised" and I am drawing pensions therefrom. There are named beneficiaries for any remaining pot to provide benefits on my death. As such my pension pot is fully allocated/designated. Will the new proposals catch me?I think I can see that the proposals would catch people who have not…
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AI Pension Checks
Tried running my pension/retirement plans through ChatGPT, it's very good at summarising the details and working out tax due, you even get a nice pdf at the end. Obviously not a replacement for a real expert but give it a few years....
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Canadian investment companies for non residents?
Hey there Trying to sort out some stuff and am trying to find a company that will allow me to open an investment account in Canada where I can do things on line. Currently I've an account with CIBC but it's all by phone, make an appointment, meet in person, come back when they have the answers. None of this works for me as…
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Adding to Private Pension in last year of work...
Ok, so I'm hoping someone can comment on my thinking. I'm going to finish work at the end of March 2025. My current salary id £50,000 If I pay £10,000 into a Private Pension I get tax relief added on on £2500, before that date - if after April 2025 I take a 25% out - a quarter of the £2500 I get tax free, thereby giving me…
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IHT and gifts from joint account.
What is the Inheritance situation if gifts without reservation are made from a joint account, one partner dies within 7 years and the other survives beyond 7 years of the gift.
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Company Pension Contributions Being Paid on Gross Salary Minus £6240
Discovered recently that my wife's employer who contributes 3% into her pension scheme is not paying this 3% on her yearly gross salary but on 3% of her gross salary minus £6240. Apparently, the employer is allowed to do this due to some rules. We always thought company pension contributions were based on a % of gross…
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Managing SIPP in retirement
My wife and I are hoping to retire in at most a couple of years. I think we are in a pretty sound position but I can't help feeling a bit clueless about how I should manage my SIPP.A good proportion of our target income will come from more or less guaranteed income: DBs, gilts up to state pension age and then the state…
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DB pension Inflation protection
My deferred DB pension is protected from inflation (part at 5% part at 3.5%), and when I looked into it a couple of years ago it could withstand 3 or 4 years of 10% inflation, due to the protection being cumulative since deferment (not year by year). What is that type of protection called ? The question I want to ask my…
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IFA wants to increase charge on existing pension
Hi,My IFA has been acquired by 'Prosperis' and has sent me a form wanting me to approve an increase in his charges (admittedly just from 0.5% to 1%). I'm not even sure what gets done for the 0.5% apart from my receiving a Christmas card every year. Do I have to agree this increase and what would be the alternatives?…
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Tax treatment of preferential pension transfers
Looking into some options at the moment with a potential change of employer whose pension scheme is in the same overall scheme as my current employer, just a different section. I won’t know the details till I get there but it sounds like there may be some preferential transfer options for a limited time that might give…
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Deferred DB pension - my head is spinning!
Been trying to get a grip on retirement planning and lots of moving parts. consolidated my DC pensions, adjusted the funds and management costs etc. I’d like to be able to roughly estimate income at retirement and play with options around different retirement ages. I have a small DB pension from a private company which…
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Going solo
This discussion was created from comments split from: Pension Options and IFA advice.
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Nest Pension & New Vanguard Charges - Other options?
I want to help my daughter increase her pension funds. Having previously helped her with a house purchase, the next step is pensions. She has just started a new job with the Church of England and has joined their own pension scheme. She has a Nest 2047 Retirement Fund which is currently not being added too. She has a…
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Classic Civil Service Pension - start date has passed, when can I expect them to pay it?
I worked for the civil service many years ago and have a "classic" Civil Service Pension which should've started last week. After badgering them, I finally received the quotation confirming the lump sum and pension amounts and the start date a few weeks ago, and immediately completed and returned the forms providing bank…
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Pension Options and IFA advice
HI Board Firstly , I am a novice in relation to pensions and investing , other than cash isa and fixed rate investment is all i have done myself thus far I am semi retired with 4 pensions , total value circa £310k , plus a small defined benefits pension. I have not taken anything from any pensions yet. My needs are…
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Is there any way to access pension early
Theoretically of course. Aside from critical illness, is there any way at all to access a private SIPP before the age of 57 (for someone who is 49 currently). Asking for a colleague, who has more than they need to retire now, but cant draw it for another 8 years (unless the government up the age limit again) Is there any…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
402 discussions
4.2K comments
Most recent: Confused about all this talk of Class 2, Class 3, Class 4 contributions for self employed. by DhwERbf689
21 January at 11:36PM
