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NHS pension - not sure whether to take standard or maximum lump sum
Hi all, I've seen some good informed discussion about NHS pensions here (such as https://forums.moneysavingexpert.com/discussion/6464889/nhs-pension-1995-section-delaying-retirement which helped a lot) and hope you can help with this. Partner is 61, in both 1995 section and 2015 scheme and wants to go for partial…
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L&G Workplace Pension advice
Hi,First time poster here. I have a workplace pension which is L&G PMC 2035_2040 Target Date Fund 3,I have had it since May this year, it has seen a gain of £798.87 (8.73%) I have no clue about investing or pensions and just wanted some advice and opinions about if this is a good fund and if anyone has any recommendations…
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Backpay on pension for women
My mum passed away a couple of years ago and then I saw about women possibly missing out on some pension if they were a certain age. I read it fully and also realised, as my mum was poorly, a lot was going on after my father passed away within weeks of going into hospital, we had never claimed the extra top up she was…
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Stocks & Shares and LISA for retirement
I’d really appreciate some advice about my Lifetime ISA. I already own my home, so I opened the LISA purely as part of my retirement planning — but I’m starting to question if it’s still the right choice for me. My goal is to start going part time around age 55, then fully retire by 60. I’d plan to use either my LISA, my…
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UFPLS Risk Warnings
Whenever I take a UFPLS withdrawal there's a form with a few straightforward questions, but also a few trick questions where it's not really obvious what they're expecting. This year one was .. "Will the money you are taking from your pension fund be your sole or main source of wealth in retirement?" I am a bit surprised…
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Approaching LSA - pension still the most tax efficient way to invest?
In the last few years I've been maximising my pension contributions with a plan to retire in July 26 age 56.A recent(ish) inheritance and house sale means that I also have quite a lot of funds (several 100k) outside any tax wrapper after maxing out my ISA allowances.We've also been maximising my wife's pension and ISAs,…
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Lump sum pension advice
Hi guys im just in process of helping my mum sort her pension out. She's currently 65 and will start receiving state pension from april 2026, she hasn't worked for the last few years and hasn't used up any of her £12570 personal tax free income allowance in this tax year. If she was to draw her 25% tax free lump some from…
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What to do with all your time?
I thought it might be interesting to get some perspectives from the hive mind here running: might help others. We all know that those who have bitten the bullet almost all wonder how they had time to work, but perhaps this thread could give others ideas? Not wanting to focus on the financial aspects - most threads here do…
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New Year Resolution
After reading many posts and absorbing all the very useful information - for which I am very grateful - I am minded to set up a 10 year ILG ladder in the New Year with the 50% of my total pot held with Bell. The other half will remain 100% equities ( global/US trackers mainly) held with HL. I am 61 and still working but…
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A Seasonal Thank You
I just wanted to wish everyone a Merry Christmas and to say a big thank you to the stalwarts of this forum who continue to do so much to help so many people understand the intricacies of the UK pension environment. This help is invaluable, not just to those who ask the questions, but the countless more who learn from the…
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Pension pot tiny at 52
Hi - I’ve had some rubbish years, raising disabled kids, taking redundancy and basically any money we’ve had has gone on the house, bills, illness despite earning decent ish (I earn £29k). Still a mortgage on a tiny 4 bed. can’t downsize (it’s not worth a lot, south east, kids all live here). Husband is 65 and I can’t…
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Taking out of civil service pension ?
Hi I know some pensions you can take your money out of. My daughter has been with the civil service for just over two years. She never opted into the pension and she was never told who it was with until today . She spoke to the Manchester company who holds it and they’ve said it’s locked for 25 years . Is there anyway she…
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Pension Sharing Order - Index Linked?
When my (police officer) ex-husband and I divorced in 1998, I was awarded a pension sharing order which comes in fluition in a little over 2 years time. Would this have been index-linked or worth the same as when it was awarded?
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Planning retirement
Not the boring financial stuff, but how much effort do you put into planning what you will do in your retirement? And maintaining that plan when you're in retirement? For those retiring or thinking about retiring in the next year or two what are your big plans/adventures, because I find that if you don't have any people…
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Frozen USS pension query
I have a frozen USS pension, built up over 8 years and I left in 2013. Since then my modelled projected payments (both annual and lump sum) have not increased at all - they are literally frozen in time. In reality when I come to claim the pension, will inflation over these years be applied? Otherwise it defeats the point…
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IHT changes!
I read more IHT rules being apparently getting changed before even getting changed in the 1st place. It appears a 1 million pound limit is being increased to 2.5 million pounds now. A nice 150% change or increase and IHT of only 20% instead of 40% for farmers. Maybe the IHT rules will change for DC pension pots as well,…
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Deferred pension poor performance
Hi all, I worked for Npower for around 10yrs, in that time I joined their defined benefit pension scheme. It wasn't great as they (Npower), paid 0 in. I left in 2019 & the pension then was £3985 pa lump sum £0 today when I have logged back in there is a retirement illustrator which calculates if I take my pension at 65…
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mccloud back money paid - confusion over taxable elements
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AEGON slowness?
Are AEGON worse than others for getting stuff done? A cash-based transfer to a SIPP is stalled, coupled with some fobbing-off blame-shifting to the receiving party. Frankly, I believe the latter. Basic admin at AEGON is also tortuously slow. I've seldom been impressed, however they appear to be getting worse. A previous…
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Advice on future investments
Hi All, I am in the fortunate position to have come into £300K. I work full time and earn £80K per year. I have a rental income of £1,180 per month (after costs) and my partner earns around £12,500 per year too. We don't have any debts or mortgage. I currently don't have any ISAs. Our monthly costs (which include still…
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Most recent: State Pension Forecast and Buying Years by DRS1
20 February at 8:13PM
