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Aviva New Generation Pension - reduced capabilities?
I recently discovered I am no longer able to directly chose funds for my main DC pot with Aviva. Maybe a minor thing - I can contact the team and ask them to move things, with a delay of a day (& the small risk they make an error through mis-hearing me!). I've always had that ability, have used it a number of times over…
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Retired, SIPP or ISA?
I am retired, have a SIPP in drawdown.and taken all the 25% tax free money. I also have a stocks and shares ISA. My State Pension is just over the £12570 allowance so any income I draw from the SIPP will be taxed at 20% I am wondering if I should take out £20k (net) from my SIPP and put it into the ISA? My reasoning is…
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Rather pay tax outright than have code adjusted
Hi, all I have yet to lodge my tax return, but I am ready to. One thing I noticed in my online calculation is "amount of underpaid tax included in your tax code for 2024-25 = £ 2042.00" I agree with the amount, but I just want to pay it, I don't want my tax code adjusted. How do I change this?? EDIT - I can see how to…
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Which fund to lock in annuity value
My wife has a DC pot of about £200k that we eventually want to use to buy a ten year inflation linked fixed term annuity at 58 as a bridge to SP at 68 and she is currently 48. If we wanted to effectively lock in the current annuity value of that £200k I'm interested to now what kind of bond fund should she be investing in?…
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Confused about pension contribution tax year (paid 31 Mar, credited 10 Apr)
Hi all, quick question about HMRC’s pension Salary sacrifise rules. I’m a PAYE employee paying into a SIPP via my employer salary sacrifice. My March 2025 salary was paid on 31 March, and the pension contribution for that month was deducted then. The employer says they sent the payment to the pension provider on 31 March,…
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Find old pension
Hi, I can't find a pension from an old employer. I was told that the company Transtec Group (former MP Jeffrey Robinson founded), was listed with a useful contact email address for tracing, on The Martin Lewis Money Show, pensions episode, January this year I think. I can't even get the episode on itvx or YouTube!
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Paying into wife's SIPP
Afternoon Looking for some advice, Planning to start taking some DB pensions next year and will be able to get around £50K as a tax free lump sum. Also have a DC pot, with around £280K. Mrs Fish has a couple of small DB Pensions that will pay out around £5k pa, currently not working or started taking her pensions. Initial…
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DB Pension Contracted Out - Work pension reduction after receiving state pension
I am after some thoughts here please. I was in a Final salary pension scheme - contracted out for most of the 40 years. Not going to get state pension for another 12 months but trying to work out my finances to plan ahead. I was subject to a pension debit - roughly 25% after divorce - so pension amount received is a…
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Claiming tax relief
Hi all I am 57 and currently in receipt of my LGPS pension. I work for the NHS and have been paying in to my NHS pension for about 5.5 years. I have worked out that from April 2026 my combined income from wages plus pension will take me in to the Higher rate tax band which is 42% in Scotland. To avoid this I am considering…
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Teacher's Pension tax free lump sums
Good evening, I have spent days reading through pension websites, government and
other websites and talking to my pension agencies to try and fully understand
the implications of when to take my pensions. I have sent several secure messages to TPS but
no response over the last 4 weeks. I would be very grateful if someone…
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TAX ON FULL STATE PENSION APRIL 2027
I notice that ML has not mentioned that IF those only getting state pension with no other taxable income then there will a tax bill at the end of the financial year because it cannot be under the PAYE system for some reason
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Employer pension contributions delay
I get paid on 28th of each month. 10% gets deducted for my pension contribution However - this does not get added to my pension until 17th of the following month So it looks like for years someone, either my employer, or the pension provider has been holding on to my pension money for an extra 3 weeks - during which time…
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National Insurance query
I started my last job in December 2010 and retired in June 2024 aged 60. i have a full NI record but on further examination, 2014/15 and 2013/14 whilst full seem to have had NI credits added. I did not take any sick leave or any other unpaid leave during this time. The year 2013/14 has 52 weeks credit! It doesn’t matter of…
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only 47 but being offered a cash lump sum from closing pension.
Hello All, first time on the Forum so please bear with me. I am only 47 and have recently received a letter regarding a pension i was briefly in at a former job. The pension fund is closing and i am being offered the chance to take a cash lump sum of approx £2000 (25% will be tax free) so will be taxed on around £1500. as…
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LGPS payment anomaly
I finally reached 60 years at the start of this year (Jan '25) and my deferred LGPS pension commenced payment In January this year. My contribiutions were between 1987 - 1997. All the amounts they have paid made sense (circa £620) but on reviewing my bankstatement there sems to be a one-off peak in April which is circa…
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Most efficient way to get £20k pa pension from following?
Hi! I've previously toyed with getting an annuity but now my head is going the way of drawdown when I'm 55 (in the next couple of years). I can live comfortably on £20k pa (increasing by c3%), so would appreciate thoughts on the best way to approach it giving the following income streams (appreciate the most efficient and…
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Should I change my gilt investments
Approaching State Retirement Age and have only recently started looking at the individual funds into which my DC pension is invested. I should have been more proactive over the last five years, but was ignorant in thinking that the recommend Lifestyle approach from my pension provider would have looked after my pension.…
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Help with Salary sacrifice and Self asssesment
Hi, so last year I filled in a self assessment and filled in the tax relief section on the SA form to claim the other 20% back through SA, filled this in due to higher child benefit charge. Back in october Hmrc changed my tax code to 1336L and they automatically closed my self assessment and said I don’t need to do one the…
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Pension complications
I’ve got a very complicated situation as I’ve discovered in the last year that I’m quite ill and the prognosis is not good. My pension arrangements had been to retire at 65. I’m 60 now but it’s almost certain I will have to retire now due to ill health. This is means a change to my plans. Obviously can’t get my state…
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Investing with my new SIPP advice
Bit of a clueless post here. I had a pension with Aviva that I have just transferred to a SIPP. There's £38,000 sitting in cash and I need to invest it. I don't know what, where and to a lesser extent, how. Can someone give me some pointers? I'm planning to add more over the next 10 years.
Got questions about boosting your state pension by checking your record with the Future Pension Centre and making voluntary National Insurance contributions?
727 discussions
6.3K comments
Most recent: Voluntary NI contributions cut off 2025 by Silvertabby
19 December at 7:04PM
