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Protected Pension Age - Aviva Dispute
Hello I'm looking for advice or shared experiences. I opened an Aviva pension in 2013 under a TK- prefixed plan. In 2017, this was moved under a block transfer by my employer, to Friends Life who were then subsequently taken over by Aviva. Based on HMRC guidance (Finance Act 2004, Schedule 36, Paragraphs 23ZB and 23ZC), I…
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Final salary transfer value
Evening. I requested a transfer valuation back in 2021 but due to circumstances I never transferred out of my final salary scheme. I have just asked for a transfer valuation and it is 30% lower. Can someone please explain. I know their was an issue when Liz Truss announced her mini budget but that was 2 1/2 years ago.
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LGPS AVC payout timescales?
How long does it take to de-invest a LGPS AVC (Pru) and pay it to the council pension fund please? My regular AVC contributions have ceased. And my last payment shows in my online account.
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DC pension contributions after retirement.
Hi. I am at retirement, last day is Friday. This forum has provided some much needed reassurance with regards to this big change, so, thank you all. The biggest challenge, for me, is one of mindset, going from saving to spending. Having said that, I may still have funds surplus and may carry on with the saving mindset for…
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Ongoing search for a place for my pension
Well I've been chipping away at my occupational schemes and now just have one to sort out. It's a DC scheme and must either be put into an annuity or transferred out to another pension of some sort. I've pretty much ruled out annuities as everything I've seen about them says they are not good value currently. (happy to be…
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Do I have to pay a fortune to get a small pension sorted?!
Hi all. I have less than £70,000 in combined pensions and am trying to find the simplest, most trustworthy, cost effective way to get at it. Most IFAs seem to charge a large chunk of whatever I will get. I know they have to be paid for their expertise but to be honest I think most of it comes from an automated system these…
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Military Pension and Norwegian Pension query
Hi all, I have a query regarding my state pension and whether my Military & Norwegian pension help towards it? I served in the Military and I am in receipt of a pension which is roughly 10k a year. It falls under the tax bracket, so I do not pay tax on it. I also work in Norway and I pay Norwegian tax. I will receive a…
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Civil Service Alpha Deferred Pension Increase
I am a deferred member of alpha, still working age. How does the pension increase work in the first year after leaving service? I left in December 2024 and expected my preserved pension to be increased in April by 1.7%. However, looking at my benefit statement it seems my pension was increased by less than this amount. I…
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Converting A Classic Civil Service Pension To A Different Type Of Pension
Is it possible to convert a deferred classic civil service pension into some other type of pension? I'm posting this query on behalf of my Mum. My Mum wants to claim her deferred pension now age 64, she has been deferring this pension from age 60 as she was informed that this was allowed whilst receiving income and…
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Prudential Scottish Amicable and Scottish Widows GAR funds ALERT
In 1980 my brother and I started a company. A few years later we started pension investment funds with Scottish Amicable - an 8.7% GAR (Guaranteed Annuity Rate) with profits fund. Over the years interest rates tumbled and the fund was closed. The members were transferred to an unrelated fund with a variable GAR. I reached…
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Pension Provider investing 30% of my Pension in a Fund performing worse than -20% for 3 1/2 years!!!
I don’t wish to name the TOP-10 UK Pension Provider
just yet, (I will do if I do not have a satisfactory outcome to my complaint). I will just identify them for now as “[Pension-Co]”
below. If Martin Lewis wants the
actual name of this provider, I will provide it to him.…
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Council taking us back..type should be straight forward?
I was a local authority carer...10 years ago were privatized..to a community integrated company..thankfully we kept tupe..council are bringing us back in house..I'm assuming the tupe process back..should be straightforward...colleagues on company contracts..should get increase in wages. Good for them..but will surely…
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2 Years into Early Retirement. Review and Goalposts moved ?
At 54 I went decided to retire early ( it was always my plan/wish) and I estimated a DB pension of £20K and supplementing income with a £250K pot. OH contributes about £10K per year to finances. Spending records suggested £30-35K would be comfortable drawing on the savings as and when, fully paid into SPs due at 67. Coming…
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State Pension and winter fuel allowance question.
Apologies if I am posting in the wrong forum. I am 66 on January 6th 2026 when I will start to receive my state pension. I would like to ask whether anyone would knows if I qualify for the winter fuel payment. My feeling is that I do not, which I feel is a little unfair, I should get the pro-rata amount for the proportion…
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New SIPP with HL to create 3x Small Pots
I have been doing lots of reading on here (thank you all) and think I understand a possible sensible path in the first couple of years of early retirement. Please tell me where this plan is likely go awry or incur the wrath of HMRC. This or next tax year may be the last where I am a 40% taxed employee as I plan to retire…
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Is it worth transferring my small pot 25k
Hi, I wish take all of my 25k pension pot, in the next two months i am currently with the prudential is there much to be gained financially by transferring it to another policy bearing in mind I wish to withdraw the whole amount very soon after transferring as I have health issues thank you in advance
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USS Flex and lump sum money
Hello I'm considering taking a pension flex from USS in order to cut my working hours before I get to full retirement, which probably won't be for another 3+ years. As I understand it, any portion of the Income Builder that I take has to be matched by the same percentage from the lump sum. The quote I had from USS last…
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Taking 25% from one pension pot to top up another
I have several different pensions, one is a closed fund that is worth approximately 75k. What I was thinking I could do is take my 25% of this and use that £18k to top up my current employers pension and therefore claim 40% tax relief on this. This seems far too simple and I am sure that there must be rules against this as…
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UFPLS Tax Refund
How long does it normally take in the usual course of things, for HMRC to make a refund of tax paid on a UFPLS payment that was made on March 28th 2025? Is it recommended to complete a P55 claim to speed things up or does it not matter given the tax year in question has just closed?
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Pension Contribution Question
My workplace already puts 10% into my pension without any contribution from myself. If I were to contribute, is there a way I can work out how much I would be better off? I will try my best to explain, but basically I want to work out how much of a saving I would be making by contributing, given my tax bracket (40%). I'm…
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Most recent: Voluntary NI Contributions – What to Expect After Requesting a Callback by molerat
16 August at 3:16PM
