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Trace teachers pension
My wife was a teacher at a local college around 30 years ago. After maternity leave she didn’t return .. over the years we can’t recall receiving any correspondence re her pension . Even though we haven’t moved in that time. We have contacted Teachers Pensions providing all information we possibly can and all we’ve…
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Pension drawdown query
This discussion was created from comments split from: DB pension - take now and invest, or wait....?.
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AI pension advice
Bored at work the other day I started asking AI about pensions, I ended up with some pretty interesting theorys Now I'm a financial illiterate, I just go with what my IFA advises, they invest the money, I watch it grow. my IFA meetings usually consist of carry on mate, see you next year . I will be 57 next year. Last year…
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True Potential redress offer
My wife and I moved our pensions to True Potential back in 2021, upon the (verbal only) advice of our IFA at the time. After a couple of years, I realised that this was a mistake and eventually moved everything over to a DIY platform and happily manage this all myself now. I didn't complain at the time, just wanted to move…
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Pension: SIPP vs LISA Clarity
So, I have a workplace pension, its the minimum employers contribution, not the best provider etc and I cant change that, transferred any old ones too it and its doing its thing. I want to do more towards retirement now so weighing up which is better. Wow I am conflicted and confused,when normally when it comes to the…
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partial Pension withdrawal
Hi, Needs some advise or confirmation, I have a private pension with Scottish friendly, I've spoken with them today for advise on withdrawing partial funds under the 25% tax free rule but they've stated they do not offer this and only option is to pull the full pension fund and then re-invest what I would have remaining…
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Bus Employees Pension Scheme (B.E.S.T.) - please help
I've been helping my brother trace an old pension - it is the National Bus Employees Superannuation Trust Pension scheme, also known as B.E.S.T. which was active through the 1970s and 80s. It has taken a while as he has lost most of the paperwork, and to cut to the chase, it looks like he may have to go to the ombudsman.…
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Flexi Drawdown v UFPLS
Afternoon.. If my wife wishes to take £15k pa from her SIPP , does it matter if she uses flexi drawdown or UFPLS ? Is there any major benefit in using one over the other . Our initial thought was that we would use UFPLS for £15kpa (once a year but increasing with rpi), am I right in saying £3750 (25%) tax free element hits…
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Gov Petition - Require all state pensions to be paid monthly
open to be signed until 30 sept 26 https://petition.parliament.uk/petitions/759384
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Please critique my pension thoughts
Hi all. I am currently working part time and planning on retiring in about 6 months time when I will be 63. I have a DB pension (was final salary, now CARE) with current accrued pension of approx £43,000 payable p.a. at age 67, reduced to around £36,000 if I was to take it now. I also have AVC in same scheme of some…
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SIPP administrator / FCS
Hi My understanding, is that If a SIPP administrator goes bust , FCS only cover them for £85,500 as they are not a bank. If I have £120k uninvested cash in a SIPP, then the administrator goes bust, would I only be FCS covered for £85,500 or is there no impact to me as it is the administrator who goes bust and not the bank?…
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I give up
What's the point?
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Pension Forecaster - online tools
My wife has a SIPPS and just retired. At a meeting with her financial advisor she was shown a forecast of long her pension would last with different spend rates with her state pension and savings added in. I am retired and have a DB pension and savings and will get a state pension at 67. Are there any online tools that…
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McCloud RPSS errors and delays
I'm interested to know if anyone else has experienced something similar with their NHS Pension McCloud Remedy. My pension record dates back to 2001. I worked for one NHS trust from 2001 until moving to another NHS trust in 2021, where I'm still employed and paying into the NHS Pension Scheme. Around 13 months ago, I…
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Missing pension
Hi Hoping someone can advise or point in a direction. I'm dealing with my mum's affairs, she has advanced dementia, and at some stage has thrown all her papers away. I identified that her finances just weren't adding up, she wasn't receiving what I thought she should. Contacted Aviva as that's who the payments she does…
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Are there any pensions that don’t invest in AI
I am concerned about the fast growth of the AI industry. Every company I deal with at the moment is using AI bots and LLMs, and work are busy developing their latest strategy around AI. But growth isn’t infinite, and I’m worried that when the bubble bursts, my already meagre pension (I started late) will reduce in value.…
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Help think tax code is wrong after pension drawdown
This year my estimated earnings are total £42914. This includes £9473 taxable pension drawdown (excludes 25% tax free bit) My tax code was S12750L (includes uniform allowance). I paid £2741 tax on the pension drawdown which was emergency taxed and should have been £1989. I filled out the hmrc form to get the refund P53Z -…
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Countrywide Assured redress payment
I have received an interesting letter from Countrywide Assured. I think it relates to a personal pension I started with Merchant Investors many decades ago. I made payments for a couple of years and then stopped because I could not afford it any longer. Over the years the value of the very modest fund got eroded by the…
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Salary sacrifice Pension should be able to start withdraw at the age of 50-55.
Why does Govt restrict the accessing our salary sacrifice private pension at 50-55 age, why it has to be increased every time the state pension age is chnaged. it should not be tied with state pension age. It is our money and we should be able to use at difficult time. Also if we are moving out of the country for good, we…
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When your workplace & pension provider can't agree
OH started new job recently. Aegon is the provider. OH knows the employer very well, even before joining, so it isn't going to be a case of them intentionally trying to screw over the employee. OH started in April & got set up within the Aegon platform in May - £0 balance. Had another look end of June - £0. Aegon are…
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Most recent: If You Have Registered For A … by MicKeat
4 July at 4:15PM
