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UK pension paid to NZ resident
Help please. My sister in law ( a N Z resident) receives a small annual payment to her bank in NZ from DWP, without any reference details and she does not know her N I Number. She wishes to find this . where can she access any information? the hang -up is obviously lack of N I number .she has nor worked in UK for 50 years…
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Pension draw down difficulty as an expat
I have a large private pension in the UK. I reside abroad. HMRC are aware. My issue is my pension provider, who will not make any payments into a foreign bank account, only British. Has anyone experienced this problem, and if so what was their solution?
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Pension and salary sacrifice
Good evening, First of all, I am very sorry if this has been discussed previously, but I have been googling many times without any success and I am getting a bit stressed (probably because I am missing something obvious!)My issue is, I earn roughly £50000.Say I put £20000 in my pension with salary sacrifice, and my…
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Pension companies taking advantage?
A few weeks ago I started the process of transferring my Personal Pension that was hosted by LV= to AVIVA, last week my pension disappeared from the LV portal and then almost a week past then I got a notification from LV= earlier today saying the pension had transferred....now looking at the AVIVA portal I see no sign of…
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Retirement
Thank you for
reading my post. I have been trying to plan my retirement and I am still unsure
whether it will work or I have missed something out?. Some information: I do have some savings which is earning interests not enough to live off completely, S&S
ISA and a private work pension. Excluding
State Pension, I was…
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How close am I to my early retirement?
Age: 48 Annual Gross Salary = 75k 160K Accidental Landlord = 1,450 monthly (since this year) Workplace pension pot = 250K + 100K SIPP = 75K. 100K Spouse SIPP = 30K 70K ISA = 40K 60K (as an emergency fund, will be moved to Share ISA) Saving = 30K Pension contribution since this year: 45% + 5% = 50%. 20% + 10% = 30% NI…
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MyCSP - deferred member or not?
Looks like another myCSP saga in the making. Just after a bit of advice. My wife applied for her pension back in December last year through payroll as she was due to retire in June 25. Having heard nothing by the start of May we chased myCSP and they could find no trace of the application. So we got on to payroll and had…
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💬 Early access to PSO pension credit due to ill-health – any experience?
Hi all, I'm helping someone close to me who is in a difficult situation and could really use some guidance from anyone who’s been through something similar. They were awarded a Pension Sharing Order (PSO) as part of a divorce. It’s from the Civil Service Classic pension scheme, and the PSO has now been implemented. The…
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Looking for views on performance of ISA portfolio
My mother in law recently asked me to take a look at her investment portfolio. This is all held in an ISA by a medium sized national firm of wealth managers on a discretionary basis. She has no interest in or knowledge of investing. As long as she sees the regular income she draws she is happy and has never considered how…
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Best Source Of Funds
Hi, Not sure if this is one for a pensions forum or a savings forum so please move if I have posted in the wrong area. I'm 59 and receive a DB pension so all of my 0% tax band is used up. I want to access £20k of savings for a building project, what is the best source of funds? Take it from an ISA? I won't be able to…
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Gifting from SIPP
I am in the fortunate position of having two SIPPS from which I have no need to take income. An existing works and state pension are sufficient to enjoy a comfortable retirement. With the proposed IHT charge on unused pensions I am considering options to mitigate this. One which I am considering is to commence drawing an…
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Increase to Minimum Pension age from beyond 57
Hello I ive read this huge thread regarding the raise in age from 55 to 57. It seems that some of you have locked in a SIPP with fidelity who it sounds like may have enact the protected age and allow you to obtain your pensions at 55 irrespective of the age rise. I missed the boat on a fidelity account back then. But i'm…
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Home responsibilities protection
Hello, last year my wife paid 4 years of national insurance gaps, she retires July 2026, this amounted to a few thousand pounds, now looking at her gaps for the years between 1981 and 1989, when she was looking after her children, it’s saying that the years are not full. we have completed an enquiry form online and HMRC…
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Access to pension at 55 - mitigating against govt min age changes
I'm just about to finalise a settlement agreement which will cover me financially until 55 (Sept '25) when I can draw my employers pension if needed at that stage (a pot c.£1m giving me £250k tax free option) Given the talked about changes to min age is there any way of protecting myself against this (other than continuing…
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Consumer duty and workplace pension
Hi, Has anyone any experience or knowledge of complaining about pension scheme fees and terms and conditions under the new (2yo) consumer duties? I've seen multiple cases upheld about poor administration, but not around t&cs / fees. My situation is that I have a fairly old Aviva workplace pension with a limited choice of…
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Thinking about defering State Pension
I'd appreciate any comments on my thinking here. I'm retired. Age 64. I have a DB index linked pension currently paying me £31K per annum. I have a DC pension which I have had the 25% lump sum from currently there is £133K in there. I decided to start taking as much as I could from the DC pension whilst keeping my income…
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Gross Salary or qualifying earnings
Hi, When the site discusses the % you should add into your pension depending on when you start, is it based on Gross salary amount or qualifying earnings? I have just moved from a company that gave me 6% of my Gross salary to a company that gives me 3% of qualifying earnings. Trying to work out how much % i should put in.…
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Lump Sum or Regular Payments
I'm hoping to take my works Pension soon. Should I take a lump sum and small monthly payments or just take a larger monthly payment as if I was getting paid every month? Is it as simple as that?
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Was I opted out while self employed?
Hi, I worked for a company for several years and was opted out but then I left and became self employed for many more years. Q. During my self employed years I think I paid NI so do these self employed years contribute to my state pension entitlement along with the years in employment but prior to my opting out?
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GMPE Past Transfers - GMP equalisation claim form
Dated January 9 2024, I received a letter referring to my transferred out benefits on 21 May 2007. 'Mercer' identified an underpayment in relation to the transfer value being undervalued as it did not take account of GMP equalisation. I duly completed the claim form on January 12 2024. The amount is relatively small.…
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699 discussions
6.1K comments
Most recent: Home Responsibilities Protection by sheramber
30 July at 9:13PM
