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Are my pensions going to be enough?
I'm 50 Top photo is from a place i worked at for ten months Bottom photo shows my Aviva private pension; pay £120/month into it. Payslip shows my current payments to a workbased pension, can I ask them to increase this? How much am I getting off it? Any good? How do these compare with police/pcso/nurse pensions I heard if…
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Civil Service Pension & Tax
I was retired from the Civil Service on the grounds of ill health in 2013 (I was in the Classic Scheme). Due to circumstances, I didn’t claim it at the time; I am now looking at doing so. My annual pension will be 12k. MyCSP have confirmed that it will be back-dated (ie 12k x 12 years = £144000). What I was hoping to do…
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Tax on pension arrears
Hello. I'm wondering if anyone has experience / knowledge about tax on pension arrears. My father recently gave up work at the age of 75. He had a Royal Mail workplace pension that he didn't claim until now, and they will be paying him 16 years of arrears that would have been paid to him whilst he was still working, if…
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claim tax relief on pension: impossible! I need a professional...
Dear all, I've been trying to claim tax relief on my pension contributions for month with no luck. I've followed this page: https://www.gov.uk/guidance/claim-tax-relief-on-your-private-pension-payments after having contributed some considerable extra amount to my private pension for 3 years (within the tax-free allowance…
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Not Getting as Much State Pension as Expected
I checked my pension several times during the run up to receiving it and was told it was fully paid up and no top up was necessary. On receiving it in November I found it was around £30 less than expected because "In the past you paid into a workplace pension instead of the Additional State Pension". this is called being…
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Switching from Hargreaves Lansdown due to new charges
I currently have a SIPP with HL worth less than £100K however am concerned around the new charges particularly the fund switching fees of £1.95 per trade which feels v high. Have other readers switched to other platforms. If so what ones did you switch too and are there services and charges better?
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Would it be a good move to take the 25% TFLS?
I will be retiring at the end of March and will be just under the 40% tax band with my State and Defined Benefits pensions. I also have a DC pension with 500K in it. It has done well over the last couple of years and I am concerned about it falling significantly in the first couple of years of retirement. I am considering…
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De-risking before retirement
So, I plan (hope) to retire in about 18 months, when I will be 61. I have a works pension and the state pension from age 67, which seems okay. To bridge the gap of 6 years, I'll need about £150k, which I currently have in a combination of ISAs and a SIPP. I'm working for the next 18 months to build up a cash reserve and…
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Aviva group personal pension to SIPP
I've been doing some research into my Aviva pension, a former Friends Provident policy that's been deferred since 2014. It's done rather well, particularly since I invested the bulk of it in international and UK equities in summer 2000, and is worth about £185k, about £20k of which is in with-profits and which generates an…
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Pension drawdown
I have 2 private pension pots 1 from past 1 from current employment - I decided to take out 4K but ticked the wrong box so it is not from the tax free amount. I noticed the mistake & conatcted the pension co. Howver they said it cant be changed. This was prior to reciving the money. It was my mistale however it has now…
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Normal expenditute out of income Vs Carehome deprivation of assets
It is my understanding that under HMRC inheritance tax rules, if my 88 year old mum was to gift to me and my brothers her excess pension money on a regular basis (ie set up a standing order) as a means of early access to our inheritance then that would be completely legal. Further, she could backdate money sitting unspent…
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State Pension/National Insurance contributions
Was a trainee driving instructor, but failed my final attempt to qualify fully. Was self employed. Checked online and have 37 years full N.I. contributions. Been refused Job Seekers Allowance as haven't paid Class 1 N.I. contributions. So, 2 questions: Are there any benefits I can get as will be looking for part time work…
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New Capita-run Civil Service Pension Scheme - problems (what a surprise!)
So, Capita have taken over the admin for the CSPS and their new website and members portal went live this week. I have just registered on the new portal and am not in the least bit surprised to find that the information available on the new portal is very scant and incorrect in terms of my length of service. With…
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Should I take out an AVC/APC or save up for early retirement
Hi, I retired from a job after 30 years at the age of 55 years with a pension. I have since gone on to work part-time, working 22'5 hours weekly. I contribute to the TW PF which is a CARE pension. Contributions are at 5.8%. I would like to retire at 60 years, which would mean that I have contributed for 5 years. I would…
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Old employer does not have salary details for pension company
hiya, I have a pension from a job i had ages ago. I want to take some of the benefits but my old employer does not have salary details for the pension company. The pension company say that they can't provide my benefit tax free (as is my entitlement)..because my employer did not provide these details.. I have a rough idea…
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Delaying annuity
Hi I have £50k in a pension plan. I'm 61, have Parkinson's and intend to retire at 67.I contribute£300/month..I have other savings for retirement.Im just canvassing views on whether to take a staged annuity now with the £50 k (as rates are good)and another at ,67 with the balance or take the whole amount at 67.Theres no…
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Tax code for SIPP withdrawal
I just made my first crystallised SIPP withdrawal (I made a PCLS one earlier) of £13,700 but only received £9156.80. On a tax code of 1257LX that seems to make sense, albeit that my online HMRC account shows estimated tax for the year of £226. My question is whether every SIPP withdrawal will be taxed like this, and if not…
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70 and wanting pension advise please.
Hello, I would be really grateful if anyone could give me some advice on the best way to proceed with claiming my pensions. I have been on the pension wise website and completed the questionnaire but am still confused with options. I have 3 pensions that are with one provider and I with another. My aim is to take the 25%…
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Small Pot Question. Complete Pension Idiot.
i realise pensions can be a minefield but i am hoping i am a "simple case". the first i looked at my pension situation was in the last couple of weeks. maxed state pension. i have 2 private pensions but both are tiny and not contributed to in decades. i am 55+ i think i will be back with questions regarding one that seems…
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Pre 97
What is the pre97 amount added to latest pension statement?
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
734 discussions
6.4K comments
Most recent: Paid gaps in N.I a year ago, still not updated. by Bighitter32
6 February at 11:02PM
