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nhs pension and start date query
I became an nhs employee around 1987. Due to paperwork errors by admin, I didn't get paid for a few months nor did my superannuation pension get off the tracks. I signed up to a private pension (contracted out of SERPS) in 1990. I then closed off the private pension in 1994, which bought 3 years of nhs pension and I've…
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Are the big funds all the same?
Dear all, I really just don't have the time to actively monitor my pension funds so for the last few years I've got the lot (£236k) in Vanguard Life Strategy 100. I'm happy with the equity risk profile, I understand what the fund is/does and I'm aiming to retire between 5 and 9 years from now. I have 2x that in company…
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Civil Service ABS 2024-25 issued
Just to flag for information that I got an email today to say that my 2024-25 Annual Benefit Statement is available on the Pensions Portal. I'm an active member. There are two versions - one standard (with the McCloud period included in previous scheme i.e. Classic for me); and one alternative (i.e. McCloud period included…
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Lost workplace pension
To cut a long story short, I left TNT logistics back in 2004 for a job closer to home. I had a pension scheme with them which was run by Scottish widows. Fast forward to this year I will be 55 in November and wanted to see if I could take an early retirement and ask for the retirement pack. Scottish widows sent me a letter…
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Claiming pensions is UK and US
Does anyone have any knowledge of being a UK citizen and claiming Social Security benefits via thier ex-husband? I have heard that due to the WEP agreement, the claim for SS will be reduced if you claim a UK pension. I need to find this information to complete our financial order etc.
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Increasing pension contributions v paying into stocks and shares ISA
Hi all. Would appreciate some advice for future investment strategy involving my pension given the tax relief benefits. In short, is there a tool I can use to compare the returns based on investing in tax free stocks and shares ISA v increasing pension contributions with 40% tax relief, 25% tax free drawdown aged 58 and…
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Pensions contributions as Employeer or Employee
I run my own LTD. My Income-expense is 50k I have taken 18k out in PAYE, (claiming EA as more than one employee) (1,084.20 tax, 434.40 NI) This leaves me with 32k in profit this leaves 25,920 after corp tax. If i take as a DIV i pay 2268 in taxes on it. leaving me with a take home of (16,481.40paye + 23652div) 40133.4.…
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25% Tax-Free Lump Sum Query...
Hi, I have taken my 25% tax-free lump sum from my private pension some time ago. Since then, I have added some extra contributions to this pension. In the future can I claim a 25% tax free lump sum from these additional contributions. Thanks.
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Investment v Savings when retired
I retired last year at age 53. I have two main sources of Money one is in a IPP that I have now switched off the auto trading features and I manage myself so it’s operating very similar to SIPP. The other is a collection of savings accounts ISA and non-ISA. After my last tax return inland revenue wrote to me saying I no…
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Civil Service Pension - Can You Trust MyCSP?
I first submitted an application for a 'deferred' pension in November 2024 with an agreed payment date of 3 March 2025. After nearly 9 months of continued incompetence I have still not received a correct pension payment. I have had 3 x re-quotes, a period when they claimed I was not entitled to a deferred pension and once…
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So confused... planning to retire at 67, redundancy means I have to take my LGPS pension at 58
Hi, I am being made redundant on 31 Aug at 58 years old. I had no intention of retiring as I simply cannot afford to. I have only been part of the LGPS for 7 years, no other pension. Apparently I have to start taking my pension, and therefore have to choose between the max conversion option of a lump sum and reduced annual…
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Civil Service Pension - Retirement Modeller Download
Anyone know who to download the results of the modeller? I've tried to "print as pdf" but it just prints a blankish piece of paper with all details set at zero - I presume the modeller is dynamic so doesn't store the data. I could do a screenshot - but it's for a mortgage application so not ideal. Anyone had similar?
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All my eggs in one Aviva basket
I have my entire DC pot split across 2 funds within Aviva. Minimum 12 years to run until I could start drawdown. I have started a new role within the Civil Service and will no longer be contributing to my DC pension. So my question is should I consider moving some of this fund to HL or another to hedge my risk in terms of…
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Combine Fidelity Pension with ii?
Afternoon all. I have a SIPP with II currently invested in HSBC FTSE All
World and worth approx. £150k. I also have a workplace pension with Fidelity invested in
their “Global Equity” fund and currently worth approx. £400k. The factsheet for the Fidelity Global Equity
fund states that its breakdown is: L&G All World Equity…
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NHS pension, but want to save more to retire early
Hello all. I'm a 42 year old Scottish nurse that is just starting to think about how I can use my wages more wisely to hopefully allow me to work less in the future. Unfortunately like most people I probably didn't think about pensions and investing until far too late as I was putting every penny before into getting…
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4 days of pension paid in next tax year reducing personal allowance
I started getting a full state pension in March 2025 and had a income below the personal allowance for that financial year. The last 4 days 2nd to 5th April inclusive were paid on 29th April with 14 days for tax year 25/26. 4 days at the rate 24/25 is £126.40 and would now reduce my personal allowance by that much and…
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What am I entitled to on Divorce
I am a 69 year old woman planning to file for divorce. I only receive state pension, but do get a full one, due to NI contributions. It will be a big drop in income for me as my husband has 2 work pensions. Will I be entitled to any form of credit to help me pay bills please?
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Pension v ISA after age 75
I am aged 73 receiving state pension. I have previously cashed in a small personal pension pot and I also have an untouched DC pension which I no longer pay into worth about £110,000. I understand that if I’m lucky enough to die after I turn 75 (2027) this will be part of my estate for IHT purposes AND my spouse will pay…
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Nest (workplace pension) V alternative with surplus funds
Evening, I have roughly 20 years until I retire and starting starting to plan ahead now.. ( late I know) My Nest workplace pension currently stands at 27k.. 9k paid in by me, 11k by workplace 7k profit.. Now my question is... if I was going to add an extra monthly payment of £200 would this be worth just adding this to my…
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Optimising for early retirement - mortgage, S&S ISA, cash ISA etc
hi would appreciate some thoughts and advice on optimisation of pre-pension savings to fund early retirement (or at least stepping back from serious work)... Brief situation i am 45, partner 40 - our pensions are pretty much sorted with well over £1mil+ in DC pensions / LISA's and my partner is in the LGPS. We both have…
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708 discussions
6.2K comments
Most recent: Retrospectively claiming NI credit for a carer? by jem16
21 September at 11:00AM
