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St James Place
SJP on BBC Rip Off Britain this morning,I wonder why? ;)
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A J Bell SIPP - Taxable Element of Crystallised Funds - is a volatile value usual?
I am scratching my head at the way that A J Bell operates drawdown. Could someone please advise whether A J Bell's valuing of crystallised funds is usual? In March, and after AJB’s last payroll run of the 24-25 tax year, I crystallised £7,500 of my SIPP. The 25% tax free amount (£1,875) was subsequently paid in a timely…
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Nest Sharia fund or 2040
I am currently with the nest Sharia fund which is taking a bit of.a beating as with all investments at the moment. I know that you only lose or realise the loss when you sell your shares. So far I’ve been holding on and hoping it starts going up the same as everyone with their investments. so far it’s dropped from 72k to…
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saint james place
Is SJM a safe place to invest in ? And does it perform well compared to other investment options ?
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Workplace pension contributions - Opting out of qualifying earnings cap
I recently asked to increase my contribution to my works pension, and was advised by our HR that my "pension contributions are currently capped using the “qualifying earnings”
calculation - you may want to consider lifting the
cap and moving from the qualifying calculation to either base pay or all pay
elements as this may…
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SIPP government top up
Hi all, I opened a SIPP with fidelity yesterday and added the £200 I plan to contribute monthly. I’ve divided it equally between two funds that I’ve chosen. I know the government will add £50 for every £200 I add monthly. Does this government top up get invested automatically and equally between the two funds I’ve chosen…
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Advice on financial priorities for the next 5 years – retirement planning & mortgage
Subject: Advice on financial priorities for the next 5 years – retirement planning & mortgage Hi all, I’d really appreciate any thoughts or advice from this wise forum – thank you in advance for your time and generosity in sharing your insights. I'm 57, single woman, and co-parent to a 14-year-old. I work full-time and…
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Ill health retirement with arthritis
After having a few years of ill health with joint issues, late last year I was diagnosed with Seronegative polyarthritis. i have been off work 8 months and now on reduced pay. I see a consultant and I am going through treatment, this may help but to what extent is unknown. I also had an MRi showing significant bone and…
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Additional payments with local authority pension scheme
I am in the local authority pension scheme. Last year I did a lot of overtime, so much so I decided to stop in February to prevent my annual salary going over £56600, because if it does my pension contribution goes up from 6.8% to 8.5% on my entire salary, which means I would actually take home almost £1000 less earning…
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On retiring what are the rules for withdrawing money from a SIPP
I have a SIPP and I don't want to go down the annuity route when I retire. My plan is to take up to the 25% tax free amount when I retire. But then how do I withdraw the rest when I need it? For example can I simply withdraw an annual amount each year to live on in retirement. So I leave the SIPP investment in place and…
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Civil Service Pension advice
I've struggled to find an adviser who knows about Civil Service Pensions so I thought I'd try posting here to see if anyone could help. Having turned 60 in March, I decided to apply for partial retirement. This was approved and I've now received my pension quote. My plan was to reduce my hours by 40% which would reduce my…
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SIPP minimum balance
Just wondering if anyone has come across this. I have a small sipp with Fidelity. As I'm no longer working, I thought I'd tie up this loose end, before I start three other pensions , two in December, and one next April. So, I wanted to take 25% tfls, and then the rest monthly if possible until it's empty. It says I can do…
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Pension Planning Handbrake - firmly pulled!
Oooh, honestly, I thought this would be a little simpler, but I knew there would be a stop sign, let along a full-on Handbrake and screech to halt with my DB Pension. Plan was simple - take 25% of my fancy DB Pension on my birthday (55) in a months time. My financial advisor told me they can't do it—it has to be an FCA…
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Pension Pot
I retired at the end of March I have an Aviva (My Future Focus Drawdown) work place pension which has performed well leading up to retirement. It has taken a bit of a hit over the last month but I am not planning to take any money out of the pot for a few years. My question is should I move the pot to a safer fund or…
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45 years paying NI, but not getting full pension?
This all started after I saw an article on here about State Pension boosting and so started checking things out!!...... I am already recieving my pension, but it is £11.06 short of the £221.20 per week of a normal full pension and I don't understand why. I was employed for 28 years non-stop (from 1972) and paid full NI…
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Tips on contacting MyCSP
So I sent a message to MyCSP through their website in December, and followed up again three or four weeks ago. I’ve not received a response so am planning on giving them a ring next week. I am thinking about moving into the partnership scheme and want a definite quote on my Alpha / Premium schemes. I was wondering what the…
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Defined Benefit Pension - Tax free lump sum or larger pension?
Sorry, appreciate this question has been asked and answered a
fair few times on this forum, but opinions do differ dependant on the numbers
and individual circumstances, so looking for any pearls of wisdom which might
get me ‘off the fence’ on this one. In a nutshell: Married. Coming up to 60. Decent health. Mortgage paid…
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civil service pension
hi, I have left civil service many years ago and now at 60, they offer 60k lumpsum with 9k annual pension or 34k lumpsum with 11k annual pension...I think I would be better off taking the 60k with reduced pension, but what do you think? tia
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GIVING MONEY TO KIDS
My total estate is below the inheritance tax threshold. Does that mean I can give my children as much money as I like without paying inheritance tax?
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Civil Service Premium Pension - take at 60 or wait till end of scheme year?
Hoping someone can help with what should be a fairly easy question, yet I can’t seem to settle on an answer. I reach 60 in September, so can take my Premium pension. I will get a pay rise in April, so I’m not sure whether to stay until 31 March 2025 when final salary will be highest, or go in September. I’m toying with…
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
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Most recent: Is the cost of filling Class 3 NI gaps voluntarily expected to rise on 6 April 2025? by DRS1
24 April at 10:34PM
