-
Fixed Term Annuities - where best to go
Fixed Term Annuities - I don't need advice, I am looking for an execution only service. I have been using Money Helper calculator to get some figures, I suspect these might be reasonably accurate, but i need to go to individual providers to get accurate quotes (where they deal direct with individuals), or go through a…
-
Low Earner's Pension Payment - the snail approaches its destination
Back in the 2021 budget the government announced it would tackle the low earners net pay scheme tax anomaly, now called the Low Earner's Pension Payment. The anomaly was that low earners in a 'net pay' scheme (i.e a workplace pension scheme used by many employers where pension contributions are deducted from your salary by…
-
Bold leap into retirement
Morning all, I hope you have managed to find some time for yourself in what can be a busy period. We have enjoyed spending time with family over the last 3 days, it’s a quiet one today, then off to visit more family tomorrow. I’m not planning anything wild for NYE, but have been really starting to think about what I want…
-
Marriage Allowance
I have been claiming Marriage Allowance for the last two years. My wife is now receiving her State Pension and I assumed that as she is about to reach the Personal Allowance threshold, then the allowance would cease and that I would receive a revised Tax Code. I understand that this will result in me paying more tax.…
-
you tube pension scaremongering??
there's a few pension video inc Ai junk or is it.I've not watch any of them. I get a state pension as my wife do. I get a small pension on top but not much. need we worry or is it just scaremongering.I don't see anything in the news or papers. HMRC Pension Shock: New 2027 Tax Projections Reveal Bad News For UK Pensioners
-
The impact of inflation - yikes!
I retired 5 and a half years ago at 60. Since then I've been drawing on a private pension for income. Looking at purely numerical values my pension and savings have increased by a little over 31% in that period. I decided to see what impact inflation has had and…wow. Using CPI I'm worse off, using CPIH I'm treading water.…
-
Best Management of DC Pensions After Retirement for Naive Investor
My wife and I are planning on retirement in the next couple of years. I am quite financially literate and set up a Sipp for my wife after she wound up her own business and also transferred one of her old workplace DC pensions into it and I have managed it for the last ten years. I have already taken some DB pensions at age…
-
Annuity quotes
I got a quote through HL. I'm not sure whether to go the annuity route or not, I'm just looking into it. It would use the money in the HL sipp. The highest single life, no increases, no guarantee figures are Just. £9374 L and G £8654 Scottish Widows £7581 Aviva £7105 So, there's quite a variation. I'm not sure why anyone…
-
Pensions with a Guaranteed Annuity Rate (GAR)
Hi all, I’m new to this forum but would like to ask if anyone has any experience with GAR pension policies. I have a relatively small but > £30k pension policy with a GAR, which I would like to transfer to a drawdown arrangement. I am in the fortunate position that I will not be reliant on this money to live on as I have…
-
Timing the market!
I am interested to hear if anyone is thinking about de-risking their current pension portfolio in light of current speculation around a potential pending market crash? I am obviously aware of the dangers of doing this, not timing the market and also leaving investments as a long term project, however, i doubt people will…
-
Aegon s.32 Buyout Plan
Hi, I'm a long time lurker, first time poster. I have been enjoying this forum immensely over the last few years, especially since I saw the road to retirement end date in sight. So last week I am pleased to say I handed in my notice and triggered early retirement (ER) commencing in just over 3 months time. I have a…
-
bond ladder - now or later?
been playing with bridges. I do plan to have this money mostly in fixed income. slowly moving into IGL5 with the view of maybe some CSH2 before retirement to fund the bridge each year as needed with low volatility funds or a bond ladder to lock in yields. However, the question then is ‘when’. playing with ChatGPT and…
-
What happens if you straddle pension age increase?
On 6th April 28 minimum pension age increases to 57. My DOB is Oct 71. If I start accessing a DC pension from Oct 26 (age 55) can I continue? Or on 6th April 28 (age 56) will there be limits on how I can access my pension? What are the guidelines? I'm thinking I would be able to access crystallised funds in a drawdown…
-
LGPS AVCs SIPPs
Thanks to encouragement and sound advice from the lovely people over on the how much to live on thread, I have decided to retire sometime between now and April 2027 next year aged 61. I already have a DB pension in payment, I pay tax on this via a BR tax code. I work part-time, earning £15Kpa and will take my small LGPS…
-
What to do with old pensions
Hi everyone, I’m sure this would have been asked a thousand times before so I apologise. I’ve recently started a new job that has a workplace nest pension. I have 2 older workplace pensions that are both with different providers. There isn’t a great amount in them but the amount is large to me, question is what to do with…
-
Financial Advisor Woes
Hi All, I am trying to transfer an old pension of mine from Aegon to my ii SIPP. ii have requested that I fill in a Financial Advice declaration form because the transfer is over £30k. The pension has section 32 buyout protection, which grants me more that 25% tax free cash. As I am NOT going to take any tax free cash and…
-
slow pension admin
hi all can anyone help im 57 and have a db pension with avc's i signed all the paper work off end of jan to start claiming my private pension for start of the new tax year i dont have a passport so i had to send a copy of my driving licence and 2 bill inc bank statement the id is now still the hold up ive been on the phone…
-
Pension provider informed HMRC of the wrong tax year that I was paid!
So, I'm 60 with a DB pension (circa £34k PA) plus DC & SIPP pensions (variable drawdown). With fiscal drag of the 40% tax threshold and inflation of pensions, there's a good chance that my DB + state pension will reach the 40% tax threshold (age 67). So last tax year I decided to drawdown and transfer my SIPP to ISA's…
-
Civil service pension: Premium final pensionable earnings and AVC contributions impact
I've got something in my head and am convinced that i'm going to diddle myself out of money. I've tried googling and AI-ing it but can't locate a sufficiently clear answer. I wonder if someone can help? When the assessment for premium scheme entitlement is undertaken it assesses your final pensionable earnings as part of…
-
state pension - first part year
I'm getting very confused helping someone with their Self Assessment tax return and the state pension. Firstly, although everything seems to say the pension increased 6.4.26, it actually seems to increase the next full week, not mid week. In other words, if a pension is paid Thursday - Wednesday, the uplift is effective…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
752 discussions
6.5K comments
Most recent: Delays for P55 tax refund fro… by dobbers
28 August at 10:55AM
